Bitcoin metrics reset and point to ‘major move’ in Q4 — Analysts
Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance.
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How blockchain technology is used to save the environment
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.In June, the United Nations held its “Stockholm+50: a healthy planet for the prosperity of all — our…
More firms set to add Bitcoin to balance sheets after major rule change
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy. 184 Total views 1 Total shares Bitcoin (BTC) and crypto may soon see another mass wave of adoption by U.S.-based firms, after a new accounting rule change that lets companies more
Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation
An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5.Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout of accumulation…
Cardano CEO Thinks Trump is Calling America’s Bluff With Easter Reopening
Pundits and public health experts alike are reeling at President Donald Trump’s pledge to get “the country opened up and rarin’ to go by Easter,” whatever the risks of coronavirus may be.With Easter less than three weeks away, the president has diverged from the advice of public health authorities worldwide, tweeting on March 24 that:“Our…
SWIFT CEO Reveals Plans to Launch PoC Gateway With Blockchain Consortium R3 Tech
This article has been updated to reflect the breaking news events.Major global banking payments network SWIFT has revealed it plans to launch a Proof-of-Concept (PoC) of a gateway — dubbed GPI Link — that will allow enterprise blockchain software firm R3 to link to GPI (Global Payments Innovation) payments from their platform.Speaking at the Paris Fintech…
Bitcoin loses $29K as traders flag key BTC price levels to watch next
Bitcoin (BTC) shed 2% into the start of August as traders’ expectations of further downside slowly came true. BTC/USD 1-hour chart. Source: TradingViewBitcoin short-term holder breakeven point in focusData from Cointelegraph Markets Pro and TradingView showed BTC’s price trajectory leaning lower at the July monthly close.Volatility was already anticipated, and BTC/USD did not disappoint after a…
Crypto Synthetic Assets, Explained
The term “synthetic asset” refers to a mix of assets that have the same value as another asset. Traditionally, synthetics combine various derivative products — options, futures or swaps — that simulate an underlying asset — stocks, bonds, commodities, indexes, currencies or interest rates. For example, rather than purchasing a stock, an investment firm may…
Dutch Tech Firm Develops PoC of Autonomous Smart Electricity Grid Using IOTA
Dutch technology company ElaadNL has developed a Proof of Concept (PoC) for a smart power grid for electric vehicles using internet of things (IoT)-focused IOTA Tangle technology, according to the company’s announcement on Feb. 14.Per the announcement, the PoC shows the ability of smart grids to not only consume power, but also generate it and…