BTC price lower highs keep Bitcoin bears in control at $70K
Bitcoin continues to print lower highs on the daily chart since the BTC price all-time highs in March.
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DeFi borrower uses luxury watch-backed NFT as collateral for a loan
While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary. A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) loan was collateralized through a luxury watch and was facilitated with an NFT representing the asset. On July 11, pseudonymous DeFi project advisor CirrusNFT…
Grayscale Bitcoin premium rebounds as BTC price falls below $35K — What does it mean?
Bitcoin (BTC) has crashed by around 44% from its all-time high of $64,899, signaling an end to its second-largest bull run that started in March 2020. Many analysts, including those from BiotechValley Insights, see "terrible technicals" in the Bitcoin market, noting that the flagship cryptocurrency could extend its ongoing decline until $20,000.Nevertheless, Glassnode Insights, a…
Buterin helping to strategize against Ethereum 51% attack possibility
Ethereum co-founder Vitalik Buterin is working to proactively solve a blockchain vulnerability. 625 Total views 8 Total shares Ethereum developers recently proposed a network change called EIP-1559 — a proposal meant to combat the network's rising transaction fees. Expected to take effect in July of this year, the move would send a part of every…
World Economic Forum Forms Tech Policy Councils for Blockchain, AI, IoT
The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29.Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The…
ETH Futures Case: The Industry’s Feedback to CFTC, Reviewed
On Feb. 17, the United States Commodity and Futures Trading Commission (CFTC) stopped accepting public comments regarding the Ethereum (ETH) mechanism. Previously, as 2018 was drawing to a close, the agency requested the feedback on the cryptocurrency to better understand the technology and how it compares to Bitcoin (BTC).The CFTC, which oversees the futures and…
WazirX schedules maintenance to restore balances post $234M hack
WazirX’s ability to restore balances and secure assets will shape its future and industry security.
2019 Stanford Blockchain Conference Spotlights Blockchain Security and ‘Risk’
Security and “systemic risk” will form the focus of the third Stanford Blockchain Conference at Stanford University on Jan. 30 - Feb. 1, organizers have revealed.Continuing the institution’s ever increasing interest in blockchain technology, the three-day event will see presentations and discussions on a variety of technical issues.Chaired by Stanford professors, among others, the event…
Facebook’s Libra Has Failed in Current Form, Says Swiss President
The basket of assets backing Facebook’s Libra stablecoin needs to change in order for the project to be accepted by regulators, according to Switzerland’s President.“Central banks will not accept the basket of currencies underpinning it”Reuters reported on Dec. 27 that Swiss finance minister and outgoing president Ueli Maurer said that Libra won’t be approved because…