Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying

Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the governor of the Bank of Russia said. 497 Total views 5 Total shares Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed…

The USDT stablecoin issuer Tether denies any correlation between its investment in Celsius and its reserves or stability. 1311 Total views 21 Total shares The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company.Tether issued a statement on Monday regarding…

Ethereum co-founder Vitalik Buterin has published a research paper diving into privacy pools systems as a tool to achieve more privacy in financial transactions, allowing users to prove dissociation from illicit funds through zero-knowledge proof technology.The document initially discusses one of the most popular privacy-enhancing protocols, Tornado Cash, which allows users to deposit and withdraw

Although many institutions have been interested in the technology for a while, they still have concerns around regulatory uncertainty and the challenges with the existing infrastructure. More institutions than ever before have become curious about blockchain. In fact, according to Deloitte's 2021 Global Blockchain Survey, almost 80% of the respondents shared that digital assets would…

Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history. 1197 Total views 18 Total shares Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin (BTC) traders are underwater and continue to sell at…

Social media giant Facebook acquired the rights to the “Libra” trademark for its secretive cryptocurrency project, crypto news website The Block reported on May 3.The Block claims that a source familiar with the matter confirmed that Facebook is recruiting financial firms to develop its own crypto and that the project’s codename and product name is…

The world of finance is rapidly evolving, driven by advancements in technology and changing consumer behaviors. As humanity moves further into the digital age, several emerging trends are reshaping the financial services landscape. This article will explore five key digital finance trends that readers should be aware of.Open bankingThe delivery of financial services is being…