Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
Related Posts
Ethereum’s Joe Lubin: Blockchain Will ‘Take a Little Longer’ to Develop Than the Web
Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9.Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way…
Bitcoin core non-profit gets approved for tax exemption, perks for donors
501(3)(c) status boosts the project's legitimacy as well as its efficiency in using donations. 2366 Total views 11 Total shares A new non-profit aiming to fund Bitcoin development education and research has been approved for special tax status, conferring benefits on donors.Brink, which launched in the fall, has been approved as a 503(c)(3) organization according…
Top 3 cryptocurrencies that are faring the best in the 2022 bear market
The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.Fears over persistently higher inflation, the Federal Reserve's hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to…
6 Questions for Lyn Alden Schwartzer of Lyn Alden Investment Strategy
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Lyn Alden Schwartzer, founder of Lyn Alden Investment Strategy, which provides an investment research service for both retail and…
Fed, oil and record hash rate: 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in uncertain territory as $10,000 stays in place but fundamentals shift to bullish.Cointelegraph highlights five things that could shape BTC price action in the coming days.Peak oil demand was in 2019In what will likely become a frequently-quoted announcement, oil giant BP said this weekend that the world has hit…
XRP price rebounds after worst month since June 2021 — major recovery ahead?
The bounce-back move has occurred near a technical support confluence, raising XRP's possibility to rise 30% in Q2/2022. 691 Total views 53 Total shares XRP opened May with a decent price rebound after falling 28% in April, its worst monthly performance since June 2021. Furthermore, the XRP/USD pair shows prospects of continuing its recovery trend…
Bank of England Governor Carney Defends Facebook’s Libra Stablecoin
Bank of England governor Mark Carney has defended Facebook’s choice to create a new currency.Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks that firms like Facebook should be involved in projects like…
Hackers Stole and Encrypted Data of 5 U.S. Law Firms, Demand 2 Crypto Ransoms
Hackers compromised five United States law firms and demanded two 100 Bitcoin (BTC) (over $933,000 at press time) ransoms from each firm: one to restore access to the data, one to delete their copy instead of selling it.According to data shared with Cointelegraph by cybersecurity firm Emsisoft, the hacker group — called Maze — already…