Coinbase gains in-principle approval for Singapore crypto license
The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it’s also working with local industry groups to improve regulations.
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Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Happy birthday dear Bitcoin: Crypto’s first white paper turns 12
Has it only been a dozen years since Oct. 31, 2008, that Satoshi Nakamoto published a modest nine-page paper describing a new online payments system called “Bitcoin?” Depending on where one stands, that pseudonymous white paper — its author(s) remain unidentified — fostered either a fintech revolution or, as some believe, “the greatest scam in…
Study: Bitcoin Whales Are Not Responsible for Volatility
A new study by blockchain research firm Chainalysis shows that Bitcoin (BTC) whales are not responsible for price volatility. The study examined the 32 largest BTC wallets, which reportedly represent 1 million BTC, or around $6.3 billion.BTC whales are individuals or entities that own large amount of the cryptocurrency and are said to exert influence…
Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates
Bitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC session re-confirmed plans to get the balance sheet under control. 10650 Total views 41 Total shares Bitcoin (BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve's December…
Bitcoin Price Is in ‘Early Main Bull Phase’ Circa Q4 2016 — Willy Woo
Bitcoin (BTC) is copying what it did a year before its $20,000 all-time highs, and the new bull market has been here for over a year already.That was according to popular statistician Willy Woo, who this week shed further light on Bitcoin’s current price gains.Woo: Bitcoin “early main bull phase” began recentlyIn a series of tweets…
‘Crypto is not going anywhere’ — Florida chief financial officer
Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States.
Vitalik Buterin: Proof-of-Stake, Sharding to Make Blockchains ‘1,000x’ More Efficient
Ethereum (ETH) co-founder Vitalik Buterin declared that future blockchains with sharding based on proof-of-stake (PoS) will be “thousands of times more efficient,” in a lengthy Twitter thread Dec. 10.In the long series of tweets, Buterin addressed non-financial applications of blockchain technology. He stated that as scalability advances (driving fees down), and User Experience (UX) gets…
Smart contract standards: Making DeFi transactions on Ethereum more secure
Decentralized finance continues to make its impact on the crypto market, and with over $13 billion of total value of assets locked, DeFi projects are clearly resonating with eager crypto investors. Yet while the DeFi space has been progressing over the last year, a number of illegitimate projects have come to fruition, reminding some of the 2017…