Country-wide Bitcoin adoption a mixed bag for national economies

FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates. 177 Total views 4 Total shares Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly

Biden’s fiscal stimulus plan could send the BTC price rocketing higher. 3177 Total views 13 Total shares The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar. Axios, an Arlington-based…

Gary Gensler fuels a BTC price rebound Wednesday, but unclaimed moving averages are causing a headache for traders on longer timeframes. 1093 Total views 30 Total shares Bitcoin (BTC) hit 24-hour highs later on Wednesday as fresh comments from the United States regulatory sphere boosted flagging price action.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGensler bullish…

To navigate well in a digital world, we must be able to easily and securely establish our digital identity. Traditionally, a username, password and some trivial arcana like our first pet’s name have been key pieces of information held by institutions to establish our digital identity. Unfortunately, this system has come at a high cost.Trusting…

According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project.Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project.  A May 8 tweet from Bruno Skvorc, owner of blockchain and cryptocurrency education platform, Bitfalls, led Cointelegraph staff down…

Business intelligence firm MicroStrategy — one of the largest corporate holders of Bitcoin (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.In a Q2 earnings results filing posted on Aug. 1, MicroStrategy reported $22.2 million in net income, a massive swing…

The "Coinbase pre-IPO contract" has seen extreme volatility on FTX derivatives exchange. 562 Total views 6 Total shares Investors with tokenized exposure to Coinbase (COIN) shares experienced extreme volatility Tuesday, as the value of their holdings plummeted in a matter of minutes.The selloff took place on FTX, a leading derivatives exchange, where the COIN-USD stablecoin…