Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks
Binance has clarified its forthcoming BFUSD asset is not a stablecoin as crypto users started freaking out over its promise of high yields.
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Fortune 500 firm Geely to launch joint blockchain venture in China
A Swiss blockchain developer and Geely will provide enterprise blockchain solutions to clients, with a focus on digital identity, regtech and privacy enhancement technologies. 3198 Total views 14 Total shares Swiss enterprise blockchain developer, the Concordium Foundation, has signed a joint venture agreement with the $200 billion Chinese conglomerate, Geely Holding Group — the largest…
Red Cross Deploys Blockchain to Boost Communities’ Economic Resilience
Three national units of the Red Cross — the largest humanitarian donor after the United Nations — are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies.According to a report from the Thomas Reuters Foundation on Nov. 26, the Red Cross societies of Norway, Denmark and Kenya have launched a two-year…
BlackRock expected to offer crypto trading as Three Arrows exec says long Bitcoin, ETH in 2022
Bitcoin (BTC) and Ether (ETH) are sure long bets for 2022, prominent investor and commenter Zhu Su says.In a tweet on Feb. 10, Zhu, co-founder of hedge fund Three Arrows Capital (3AC), argued that BTC and ETH were the best options for investment this year, along with oil, while the S&P 500 is a no-go.Zhu:…
Fungible Tokens Turn Monopoly Money Into Cryptocurrency
If you had bought a house in San Francisco at the start of the millennium, you’d be rich now. The median price of a house then was $420,000. Now, a house in the city fetches a median price of about $1.3 million. That’s almost a million dollars in profit over twenty years, and you missed…
Costo sells out of gold bars, but is it a better investment than Bitcoin?
Costco has made headlines this week after it rapidly sold out of gold bars. In times of economic uncertainty and rising inflation, it's no surprise that investors are turning to traditional safe-haven assets like gold. The question is whether gold’s performance will eventually catapult its price above $2,050, a level last seen in early May.In
The Great Estonian Exodus — Crypto Firms Are Leaving Estonia
Back in 2017, the Estonian government rocked the legislative side of the crypto world when they introduced a raft of new laws designed to support crypto projects. These licenses split into two different categories: those looking to operate a crypto exchange and those looking to undertake an initial coin offering. Both company types stood to…
Bitcoin is ‘playing mind games’ as its price coils into a tighter range
The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or another. Data from Cointelegraph Markets Pro and TradingView shows that the…
4th time's the charm? Bitcoin tags $68K in attempt to break 217-day downtrend
Multiple onchain metrics showed a surge in activity as Bitcoin price rallied to $68,000, possibly signaling that the price momentum is sustainable.