Bitcoin open interest surge past $35B raises 'overheating' concerns

The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia Oct. 11.Kim addressed the importance of fighting poverty…

But the statement wasn’t without a few bullish predictions for Bitcoin and Ethereum. 5276 Total views 19 Total shares Billionaire entrepreneur Mark Cuban says the cryptocurrency market is “exactly” like the dot-com bubble of the late-1990s and early 2000s. His statement seems to signal that digital-asset valuations may implode once investor exuberance runs out. “Watching the…

Covid-19 relief money does not seem to have been spent by many Japanese on cryptocurrencies. 1524 Total views 3 Total shares In April, the Japanese government began distributing 100,000 yen payments — about $930 —  to every household. But did the Japanese follow some in the United States and spend that money in crypto exchanges?…

Bitcoin (BTC) is just over three months away from having its supply cut in half — and major market commentators are unashamedly bullish on its impact.In a tweet on Feb. 1, rating agency Weiss Ratings presented a summary of Bitcoin price performance over its two previous block reward halvings. Weiss: Halvings “absolutely” help BTC priceHalving refers…

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. 1003 Total views 28 Total shares Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website…

The crypto industry is controlled by a “powerful cartel of wealthy figures” according to Jackson Palmer. The co-founder of the memecoin DOGE, Jackson Palmer, has slammed the entire crypto industry and its investors in a vitriol-laden Twitter thread on Wednesday.Palmer, who created the wildly popular coin as a joke in 2013, unleashed his tirade in…

Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.As the 17th cryptocurrency available on Binance’s futures trading branch, BNB comes with 50x leverage, paired against Tether’s USDT stablecoin, Binance detailed in a Feb. 7 press release provided to Cointelegraph.BNB pumped with the rest of the marketBinance’s BNB coin has already…

Liquid Exchange has canceled the sale of Telegram Open Network’s (TON) Gram tokens, according to a Jan. 10 company post. The exchange returned the funds of all investors who participated in the unofficial sale.The exchange reportedly canceled the sale due to the delay in the launch of TON’s mainnet. At the time of the sale…