Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’
With Germany’s “forced selling” over and Mt. Gox repayments all but priced in, analysts look to an easing macro environment as a driver for Bitcoin’s price in the coming months.
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Former Employees of JP Morgan, Intel and TrustToken Launch Stablecoin
The Global Currency Organization (GCO) is launching a new U.S. dollar-backed stablecoin, dubbed the USD Digital (USDD).In an Oct. 1 press release shared with Cointelegraph, the GCO announced the launch of the USDD, a new stablecoin pegged to the U.S. dollar. The organization, which is a new project led by former employees of JPMorgan, Intel…
NFL player Russell Okung isn’t getting paid in Bitcoin; this is what he’s doing instead
Various news outlets reported that a portion of Okung’s $13 million salary is being paid in BTC. It’s not true. 2690 Total views 12 Total shares National Football League player Russell Okung is a strong proponent of Bitcoin (BTC). And while he may be converting a portion of his salary into BTC, his employer, the…
Seychelles-Based Bitcoin Transfers Continue to Gain Dominance, Analysts Find
A new report released on Tuesday by Crystal Blockchain attempts to categorize cross-border transactions of Bitcoin based on their “country of origin,” which may have important implications for the FATF Travel Rule.The analysts used direct exchange-to-exchange transactions and their country of incorporation to categorize Bitcoin (BTC) transfers by their provenance. Despite the fact that Bitcoin…
Tether responds to Wall Street Journal ‘disinformation’
To attack Tether’s reserves [...] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said. 582 Total views 19 Total shares Tether Holdings Limited has clapped back at The Wall Street Journal over an article it claims spread “false information” about the stablecoin issuer’s profitability, solvency…
South Korea ramps up crypto investigations and regulations
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities. On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which…
Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust.
Exchange Gate.io Sees Almost $3 Billion in Orders in First Week Of IEO for Native Token
Chinese cryptocurrency exchange Gate.io saw almost $3 billion worth of orders placed during the first phase of its in-house token sale, the company confirmed in a blog post on April 14.Gate, which offers cryptocurrency-only trading, is currently raising funds to support its projects through the issuance of Gatechain Tokens (GT), which users will ultimately be…
Flare gets NFT platform to increase use cases for interoperability protocols
The NFT marketplace Sparkles launched on the layer-1 EVM oracle platform Flare for interoperable protocols to expand use cases for NFTs and their holders. 58 Total views 2 Total shares Own this piece of history Collect this article as an NFTFlare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went live on Jan. 10 after it…