Binance to face class action after US Supreme Court denies petition for review
The Supreme Court has denied a petition to review a lower court decision that securities laws applied to Binance.
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Reality Shares Will Join Increasingly Crowded Bitcoin Hedge Fund Arena, Says Source
California-based asset manager Reality Shares has become the latest competitor in the Bitcoin hedge fund space, an anonymous source told Business Insider August 15. Reality Shares, which became known in the cryptocurrency space this year after launching the first Chinese blockchain ETF in June, has reportedly already attracted $25 million for the fund. Capped at…

Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data
Glassnode data demonstrates that the Lightning Network outcompetes traditional payment networks in terms of commission costs. 444 Total views 3 Total shares Own this piece of history Collect this article as an NFTFresh data from Glassnode demonstrates that Bitcoin's (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate,…

Top 5 Crypto Performers: XEM, XLM, XTZ, BNB, IOTA
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data provided by HitBTC exchange.After the strong recovery of the past few weeks, this week saw some…

Bank of England Governor: Libra-Like Currency Could Replace US Dollar
Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra.Delivering his speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney said that a Libra-like digital currency could replace the U.S.…

Fixed income could be DeFi’s ‘missing link’ says Treehouse CEO
Treehouse CEO Brandon Goh says that fixed income could be DeFi's missing link to more widespread adoption, particularly at an institutional level, in the latest episode of Hashing It Out.

FTSE Russell to launch crypto indexes through SonarX partnership
FTSE 100, which is a subsidiary of the London Stock Exchange, said institutional investors are more interested in onchain data and crypto metrics than ever before.

World Economic Forum Report: 6 Ways to Evaluate Blockchain Benefits
The World Economic Forum (WEF) announced that it released a guide for the evaluation of the benefits of blockchain applications in a press release shared with Cointelegraph on July 16.The document delves into how to apply blockchain technology, providing six recommendations for companies. The first is to take time to understand the technology, set realistic…

Uzbekistan Bans Citizens From Buying Cryptocurrencies
The government of Uzbekistan has reportedly barred its citizens from purchasing cryptocurrencies.According to local news outlet Novosti Uzbekistana on Dec. 25, the National Project Management Agency has banned citizens from purchasing crypto, even on established exchanges. The decision comes as a surprise to many, as the country has previously displayed a relatively lenient stance toward digital…