Bitcoin surfs US PPI overshoot as BTC price recovers from sub-$59K dip
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery.
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Bank of America analyst slams Bitcoin : Buying 1 BTC is ‘like owning 60 cars’
Bank of America analyst Francisco Blanch has slammed Bitcoin as "exceptionally volatile", "impractical" and an environmentally disastrous asset that's useless as a store of wealth or an inflation hedge.For good measure Blanch also asserted the cryptocurrency is an impractical method of payment as it can only handle 1,400 transactions per hour compared to the 236…
Bitcoin Continues to See Negative Corrections After Breaking $9,000, US Stocks Tumble
Monday, June 3 — after seeing a short recovery attempt yesterday, crypto markets have seen another negative correction, with most of the 20 major coins in the red.According to data from CoinMarketCap, only four out of the top 20 cryptos by market cap are seeing gains at press time, with cosmos (ATOM) and bitcoin sv…
Fireblocks launches trading system to mitigate centralized exchange risk
The “Off Exchange” trading system was launched by Fireblocks, allowing institutions to trade without fully relinquishing custody. 348 Total views 5 Total shares Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional
U.S. is not moving fast enough to develop a CBDC, says former CFTC chair
“We should act now to improve access to financial services through other means as well — the need is too great," said Tim Massad. 341 Total views 79 Total shares Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan…
This time it’s different: When DeFi meets NFTs
With decentralized finance and nonfungible tokens seeing a meteoric, rise it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the…
Ethereum 2.0 to boost DeFi but delayed launch may set the network back
This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which is currently based on the proof-of-work, another consensus algorithm that is based on mining. Shard…
Binance leads crypto exchanges in Bitcoin deposits in 2024
Average Bitcoin and USDT deposits across crypto exchanges escalated over the year, indicating a rise in institutional demand for digital assets.
German government watchdog launched Worldcoin probe in November 2022: Report
Authorities in the United Kingdom and France have also reportedly cited concerns over Worldcoin’s data collection methods, which involve collecting iris scans from users. 306 Total views 2 Total shares The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric…