Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits

Four members of the U.S. House Committee on Energy and Commerce said they were "deeply concerned" that Proof-of-Work mining could increase demand for fossil fuels. 63 Total views 27 Total shares Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms…

Grayscale is continuing its BTC accumulation spree, snapping up more than 40,000 BTC in just 16 days. 1052 Total views 7 Total shares Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That's around $1.36 billion worth of Bitcoin in…

Several exchanges have already halted XRP trading after the SEC's lawsuit against Ripple was revealed. 4544 Total views 14 Total shares XRP price fell 41% on Binance over the past three days as news of the lawsuit by the United States Securities and Exchange Commission against Ripple became apparent. As a result, several small exchanges have already…

Decentraland users can see the works of Marvel and DC comic artist José Delbo at the in-game MakersPlace gallery. 1201 Total views 20 Total shares José Delbo, a comic book artist who has drawn for both DC and Marvel, kicks off a week-long exhibition today (July 23) in the Ethereum-based virtual reality world, Decentraland.The artist,…

Alexis Direr, a researcher at the University of Orleans in France, has released a paper summarizing the mathematical underpinnings of Uniswap and other exchanges based on Automated Market Makers.Automated Market Maker is the term for a class of decentralized exchange that reached significant popularity in 2020, spearheaded by Uniswap.In a nutshell, these exchanges do away…

An unusually rowdy (and informative) virtual panel at the Security Token Summit yesterday reveals the fractious difficulties of bringing regulated assets on-chain — as well as the promise and progress of the tokenized real estate use case despite those hurdles. Michael Flight of the Liberty Fund, Jude Regev of Jointer.io, and Mohsin Masud of AKRU spoke…

But only for vendors, so retail users will have to wait. 2486 Total views 16 Total shares Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors.Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards. However,…

While Facebook’s Libra project appears to have stagnated after facing international pushback from regulators, rival blockchain platform Celo is gaining momentum. Klaytn, the public blockchain platform developed by Ground X, an affiliate of the major South Korean internet company, Kakao, joined Celo’s Alliance for Prosperity on May 8.Celo, a distributed ledger technology, or DLT, based…

The U.S. Federal Reserve recently hinted that it could keep interest rates near zero at least through 2023. The Bank of England went a step ahead and said that it could explore options for cutting rates below zero in order to support an economy battered by the coronavirus lockdowns and the upcoming Brexit.In other news,…