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Binance CEO Says This Recent Event Might Signal a Bull Market
Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently put out a broadcast related to digital assets. The executive claimed that similar coverage has served as a catalyst for crypto bull runs in the past. CZ provided a link to the broadcast which aired on May 23,…
Multichain Token Crashes Over 20% Amid Reports of Users’ Funds Being Stuck
Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade. There have also been rumors about the arrest of the Multichain team, which is yet to be confirmed. MULTI Sinks 24% in 24 Hours Several Multichain users have complained about their funds being stuck in the…
Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?
When he first took office as head of the U.S. Securities and Exchange Commission (SEC) in 2021, Gary Gensler warned crypto projects that he would be skeptical of “decentralization theater.” That’s a category of misleading claims sometimes made by DAOs [decentralized autonomous organizations] or protocols to be effectively leaderless (and therefore maybe unprosecutable), when in…
Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality
Blockchain industry executives often say they idealize “decentralization,” “self-sovereignty” and “trustlessness” – espousing a vision for a future internet and financial ecosystem free of rent-seeking intermediaries and unreliable middlemen.But time and time again, major blockchain companies and projects come up short – with users surprised and angry to realize that they unknowingly placed their trust…
Ledger’s PR Struggle Reveals Uncomfortable Trade-Offs for Crypto Storage
After a week of controversy around its new seed-recovery service, French wallet-maker Ledger has been on a PR offensive, including a Twitter Spaces event with Ledger CEO Pascal Gauthier on Tuesday afternoon and appearance by the same executive on CoinDesk TV Wednesday morning.The message? Ledger has listened to its critics and is prepared to make…
Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research
A declining correlation between bitcoin (BTC) and equities is rejuvenating the case for investors to include the asset in a more diversified portfolio, crypto market research firm K33 noted in a report.BTC’s 30-day price correlation with the tech-heavy NASDAQ index fell to 0.26, its lowest level since December 2021, according to K33 data. BTC’s correlation…