Bankrupt crypto firm Genesis completes restructuring

Bitcoin sees competition from commodities after failing to put in lasting gains from the latest U.S. inflation news. 1926 Total views 15 Total shares Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility.BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewWheat gives Bitcoin a run…

The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial.According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now be responsible for taxation related to the sending and receiving of cryptocurrencies.…

Major health information technology provider for the United States government, HMS Technologies Inc. (HMS) has partnered with blockchain startup Solve.Care. The development was announced in a press release shared with Cointelegraph on April 22.As part of the collaboration, HMS will reportedly integrate Solve.Care’s blockchain platform into their federal health information technology (HIT) initiatives in a…

MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play in the experimental crypto space.“CBDC should not be a direct copy of existing cryptocurrencies with exactly the same design and features but there…

The company behind Zcash has begun an endeavor to educate less privileged regions on the benefits of cryptocurrencies. 1356 Total views 17 Total shares The Electric Coin Company, or ECC, the outfit behind the privacy-focused Zcash cryptocurrency, has initiated the Crypto in Context Program.The effort touts itself as a crypto education, assistive and collaborative movement,…

Associate law professor and member of the Securities and Exchange Commission’s Investor Advisory Committee J.W. Verret is calling for the government agency to open for public comment in regards to digital asset regulation.In a petition addressed to SEC Secretary Vanessa Countryman, Verret said opening the floor to comments on digital assets could function as a…

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17.USD Coin is an Ethereum-based token compliant with the ERC20 standard that was first announced in May last year and released in September.Per this week’s announcement, the audit…

Hybrid, non-custodial exchanges could help restore industry trust in crypto but CEXs remain key for onboarding new users.

Bitcoin (BTC) prices will never make it to $50,000, gold bug and crypto skeptic Peter Schiff has claimed in the latest attack on the world’s largest cryptocurrency.“This is hysterical”In a social media debate on Aug. 20, Schiff, who is well known for his dislike of Bitcoin, said that gold will definitely reach $5,000 in the…