Bitcoin awaits US CPI print as options markets see 3.3% BTC price move
BTC price volatility is expected to accompany US macro data and the Presidential debate, while Bitcoin traders stay cautious about the recent rebound.
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Institutional Bitcoin longs at record-high, hedge funds short — CME data
According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts.There seemingly is a major difference in the perception of Bitcoin’s short to medium-term trend between hedge funds and institutions.CME…
No more pushes and pushbacks: Digital ID solves the privacy dilemma
A year unlike any other, when much of life went online, created a compelling case for digital identity. Talk of “immunity passports,” privacy-protecting contact tracing apps and even a potential move to online voting systems all speak to the need for robust digital identities.In July 2020, the World Economic Forum published a briefing paper covering…
Australian government embraces blockchain with new trial and public servants’ network
Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. 1215 Total views 14 Total shares The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain…
Crypto Derivatives Platform FTX Secures $8M In Seed Funding Round
Cryptocurrency derivatives exchange FTX has secured $8 million in its seed round. Major investors include blockchain-focused venture capital fund Proof of Capital and blockchain firm Consensus Lab, among others.In the blog post published on Aug. 6, Proof of Capital revealed that it had invested in FTX, a firm offering futures, leveraged tokens and over-the-counter trading.…
EU Data Act smart contract ‘kill switch’ brings uncertainty
On June 28, the European Council and Parliament achieved a political consensus on the Data Act, which moves the legislation regarding non-personal data closer to fruition.Thierry Breton, European Union commissioner for the internal market, described the agreement in an X post as a “milestone in the reshaping the digital space.”Another deal! ⁰Tonight’s agreement on the…
Burdensome but not a threat: How new EU law can affect stablecoins
The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto bill,” co-sponsored by United States senators Cynthia Lummis and Kirsten Gillibrand, still has a long way to go, its European counterpart, the Markets in Crypto-Assets…
Will AI talent marketplaces replace traditional employment models?
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JP Morgan: CBDC Threatens Hegemony of US Dollar
JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar.According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country with more to lose from the disruptive potential of digital currency than the United States.”“This revolves primarily…