Bitcoin eyes $58K CME gap next as 8% BTC price rout sees longs 'rekt'
BTC price weakness takes the market below $59,000 for the first time since mid-July as “relentless” Bitcoin selling pressure persists.
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Cosmoverse Conference 2021 kicks off in Lisbon
The event connects ATOM stakeholders, developers and enthusiasts from all over the world with the latest developments on the Cosmos blockchain. 291 Total views 3 Total shares The team behind interoperable blockchain network Cosmos (ATOM) recently hosted the Cosmoverse Conference live from Lisbon, Portugal.— Cosmos - Internet of Blockchains ⚛️ (@cosmos) November 5, 2021 Kicking…
Maker Foundation Rejects Accusations of Participation in Its Debt Auctions
MakerDAO (MKR) has denied accusations that the Maker Foundation placed the winning bids in all of its recent debt auctions.In a statement shared with Cointelegraph, the Maker Foundation states that it “is not purchasing MKR in the auctions.”Maker Foundation provides “limited technical assistance to some bidders”“Similar to how the Foundation created the Auction UI,” the…
Gold Is ‘Toilet Paper’ for the Rich, Bitcoin for the Poor — Max Keiser
People are going to buy Bitcoin (BTC) in droves — because there will be no gold for sale due to coronavirus, Max Keiser predicts.In a recent edition of his Keiser Report news program on March 31, Keiser said that the coronavirus pandemic will push billionaires into gold as a safe haven. Keiser: people will “flock en…
The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. 189 Total views 3 Total shares The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to volatility on commodities markets brought on by the Russian invasion of…
Crypto winter freezes sports sponsorships for digital asset firms
The crypto market downturn has made it difficult for crypto firms to pull the trigger on any new sponsorship deals with the sports teams they spent hundreds of millions on at the beginning of the year. 584 Total views 28 Total shares The longer the crypto market stays in bearish territory, the more marketing deals…
Coinbase launches crypto lending platform for US institutions
Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted issuance of new loans in May. 97 Total views 2 Total shares Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending
Grayscale hires former Solicitor General to help force Bitcoin ETF approval
Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6.The company has been waiting on a decision from the SEC to convert its flagship…
Web3 innovations are replacing middlemen with middleware protocols
Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permissionless and open innovation using middleware blockchain protocols. By doing so, they’re replacing middlemen software-as-a-service (SaaS) companies by capturing value at a greater level.Middleware protocols…