Bitcoin falls below $58K for the first time in 2 months

The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins. Own this piece of crypto history Collect this article as NFTAfter passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins.…

Leading ConsenSys developer, John Wolpert, discussed the potential security flaws with Apple and Google’s contact tracing proposal. 1219 Total views 46 Total shares Developers contributing to the Github of Baseline Protocol, an open-source blockchain project launched by Microsoft, EY, and ConsenSys, recently offered suggestions for a Baseline Protocol-based COVID-19 contact tracing system. The project aims to…

Bitcoin (BTC) starts the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick.After a welcome attempt to break out, BTC/USD remains bound to a narrow corridor now in place for weeks.Some of the lowest volatility in history means that Bitcoin has found a…

Forex exchange (FX) settlement giant CLS is in the final stages of testing its blockchain payment service for banks, Financial News reported July 27. The service is reportedly set to be launched later this summer, with at least seven banks expected to sign on to the system in the early months. CLS, the New York-based…

Crypto-social media chatter regarding the halving spiked overnight, after being overshadowed by gold in February and the coronavirus in March. 2654 Total views 40 Total shares With less than three weeks until the halving, the subject has overtaken the coronavirus as a leading Bitcoin narrative on Twitter — and it’s once again starting to dominate…

Polkaswap leads the race to become the first decentralized exchange for Polkadot-based digital assets. 1844 Total views 20 Total shares In a recent investment thesis on the coin Sora (XOR), the Cointelegraph Research team explored the current state of the DeFi industry, highlighting the biggest challenges that the industry is facing right now. The two…

The Ronin Network and Sky Marvis are significantly upgrading their security measures after they vowed to ensure a hack “never happens again.” 98 Total views 2 Total shares The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late…

At around $12,000, buying Bitcoin has been a profitable activity on 97.6% of all days since April 2013, data confirms. Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder…

Upstart blockchain firm Bots Inc claims it can demand between $14 million and $18 million in monthly revenues after acquiring a patent to Bitcoin ATM technology last month. 1674 Total views 21 Total shares Puerto Rico-based blockchain and robotics firm Bots Inc has announced it is exploring its options with “a major law firm” to…