Bitcoin price loses traction as miner profits drop and spot BTC outflows persist

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether.In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT).Similarly to a previous repayment in July 2019,…

The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub.

Transparency and instantaneity are the main strengths of blockchain technology, an HSBC executive claimed in an interview with French business and tech journal L'Usine Digitale, Feb. 4.Béatrice Collot, Head of Global Trade and Receivable Finance at multinational banking giant HSBC, described the role of emerging technologies, such as artificial intelligence (AI), the Internet of Things…

Avalanche blockchain launched its own official Ethereum bridge in 2021, but now a third-party cross-chain bridge claims to reduce transaction cost even further. 332 Total views 11 Total shares Avalanche (AVAX), a Layer-1 proof-of-stake (PoS) blockchain network, gets a new cross-chain bridge from Umbria Network to help traders transfer liquidity between Ethereum mainnet and the…

Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s noteThe U.S.–China trade war continues its brazen spillover into tech. In response to concerns over where data from TikTok and WeChat was going, President Trump sent out twin executive orders banning both applications last night. The new…

Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,536 over the past week. Cryptocurrency market weekly overview. Source: Coin360For the second time in a week, the…

Hong Kong's securities regulator, the Securities and Futures Commission (SFC) has issued official guidance on security token offerings (STOs), in a statement published on March 28.The guidance aims to clarify the legal and regulatory requirements for parties engaging in STO-related activities. The document opens with a proposed working definition of a security token and sale,…