BlackRock Bitcoin ETF demands 12-hour BTC withdrawals from Coinbase
BlackRock and ETFs have saved “BTC’s price from the abyss repeatedly,” according to Bloomberg’s senior ETF analyst.
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Tether market cap surpasses $17 billion, fueling Bitcoin price rally
Bitcoin’s new highs come amid lots of new money pouring in via stablecoins. 5374 Total views 27 Total shares According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets.Tether’s market cap has been growing exponentially in 2020. As of…
To list or not to list, Part 2: Binance listing SUSHI was no big deal
Binance’s Changpeng Zhao has received more than his fair share of criticism since Binance’s 2017 launch. As a high-profile crypto figure and the CEO of one of the sector’s largest companies, that is to be expected. But the denunciation leveled at him after the anonymous Chef Nomi’s SushiSwap sell-off scandal has been unwarranted.Few things are…
Volvo is Using Blockchain to Source Conflict-Free Cobalt for Its Cars
Automaker Volvo Cars, owned by Chinese automotive group Geely, has produced electric cars with cobalt mapped on a blockchain, Reuters reports on Aug. 2.Blockchain used to combat child laborPer the report, Volvo also joined a project to monitor cobalt from Democratic Republic of Congo overseen by responsible-sourcing group RCS Global. Information technology outlet ITNews suggests…
Hamburg Senate Issues First Blockchain Report, Expects DLT to Grow
The Senate of Hamburg has introduced the first comprehensive report on the development of blockchain activities in the city.Hamburg Senate expects the role of blockchain to increase in the coming yearsIn an official statement on July 23, the Hamburg authority stated that several blockchain initiatives have been piloted in the city as the senate expects…
Bybit receives VASP, card operator registration in Argentina
Bybit’s registration as a virtual asset service provider was made possible by a law passed in July.
Privacy laws might prove to be a blessing in disguise for crypto
Anti-establishment and counter-government sentiments fuelled the early days of crypto. More than a decade later, crypto is slowly moving away from its wild-west early days and into a more organized system that traditional financial institutions are reluctantly adopting. Crypto has also managed to attract the no less reluctant attention of various regulators. With reactions ranging from…
Ripple Aims to Become the Amazon of the Cryptocurrency World
Ripple is working to explore new use cases for its blockchain network. The much-debated blockchain firm Ripple is now planning to expand its use case far beyond just streamlining cross-border payments in partnership with national and international banks.Ripple had focused its efforts solely on cross-border payments for the past five years when Brad Garlinhouse joined…
Japan: Self-Regulatory Crypto Exchange Association Considers Margin Trade Limits to Stem Losses
The Japan Virtual Currency Exchange Association (JVCEA) said it wants to place restrictions on member exchanges’ margin trading. The news of the plans of Japan’s self-regulatory cryptocurrency body comes from a Chinese media report July 24. Margin trading is the practice of borrowing money from the broker, used by crypto traders to buy or sell…