Bitcoin price hits $70K as spot and BTC ETF buying surges
Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end.
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Bitcoin Going to $100K After ‘Steady Accumulation,’ Says Crypto Trader
Former Goldman Sachs analyst turned Bitcoin (BTC) maximalist Murad Mahmudov believes the top cryptocurrency will hit $100,000.“Zoom out & think big”In a tweet posted on Aug. 13, Mahmudov — who serves as chief information officer (CIO) at cryptocurrency hedge fund Adaptive Capital — wrote:“At first glance this looks like a weak chop for the next…
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How private credit impacts DeFi yield — Clearpool CEO
Clearpool co-founder and CEO Jakob Kronbichler offered his insights on the shift toward private credit tokenization and DeFi yield growth.
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19 celebrities called out by consumer watchdog group for shilling NFTs
Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens (NFTs) without disclosing their connection to the projects. The not-for-profit consumer advocacy organization said on their website they investigated "celebrities who promote non-fungible tokens (NFTs) on their social media channels", finding that "it is an area rife with deception."Among…
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Binance exec trial will resume July 5 as family reports health problems
Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.
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Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain
Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12.The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded in…
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Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges
Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020.In its recent report, Diar suggests…
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European Banking Authority calls for early adoption of stablecoin standards
EBA officials anticipate a surge in stablecoin issuance in the coming months and have urged businesses to use its guiding principles before restrictions are implemented. In advance of required regulations expected in the coming year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily follow certain “guiding principles” on risk management and…
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9 factors to consider when choosing a blockchain consensus mechanism
With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability