Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’

Speaking at the BlockDown 2020 conference, the chief executive and founder of leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), shared his outlook for crypto assets amid the current global climate of economic uncertainty.BlockDown 2020 is a two-day conference being held from April 16 to 17. The event is being held virtually in response to the…

The Bank of France has taken an interest in stablecoins, as indicated by the bank’s governor Francois Villeroy de Galhau in a Bloomberg report on May 14 .Villeroy has said that the bank is “observing with great interest” growing networks that allow members to exchange stablecoins for tokenized securities, goods, and services. He makes a…

Chingari started the migration to Aptos in July, seeking an enhanced experience for users following Solana's network outages in 2022. 158 Total views 1 Total shares The Aptos blockchain has seen a surge of activity following its integration with Chingari, an India's social media platform previously powered by Solana. According to on-chain data, the number…

The US government says they have broad extraterritorial jurisdiction over crypto-related businesses. 521 Total views 10 Total shares The Cryptocurrency Enforcement Framework issued by the U.S. Department of Justice stipulates a number of cases where it will exert its authority over foreign actors: “where virtual asset transactions touch financial, data storage, or other computer systems…

Nov. 2: Cryptocurrency markets have continued trading slightly in the green today, remaining relatively quiet with moderate gains throughout the top 20 coins. Most of the top 100 digital currencies have experienced humble gains over the past 24 hours.Market visualization from Coin360The leading cryptocurrency Bitcoin (BTC) is up only 0.06 percent on the day, and…

MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users.$50,000 bountyOn Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker…

Polygon’s Mudit Gupta said that despite moving fast in theoretical security, the crypto space is “so far behind” when it comes to practical security. 253 Total views 17 Total shares While private or mnemonic keys offer many advantages for security, they also present practical challenges, according to Mudit Gupta, the chief information security officer of layer-2…

Ethereum (ETH) options open interest increased by 5 fold over the past three months to reach $337 million. Although this figure pales in comparison to the current $1.8 billion Bitcoin (BTC) options market, Ether options have grown to reach the same size the BTC options market was roughly 15 months ago.ETH options open interest in USD…

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…