Crypto News Roundup and Interviews for Jan. 24, 2020

Nearly half a billion in bullish crypto bets were liquidated as the market buckled under geopolitical pressure. Data from CoinGlass shows that 86% of traders are bullish going into October. Futures tied to major tokens saw over $450 million in long liquidations in the past 24 hours as a bitcoin (BTC) plunge led to losses

Sep 10, 2020 at 13:34 UTCUpdated Sep 10, 2020 at 13:38 UTCTwo blockchain proposals have been added to a wider piece of legislation on consumer protection after being passed by a U.S. congressional committee Wednesday. The House Committee on Energy and Commerce passed a motion Wednesday to incorporate the Blockchain Innovation Act and part of…

news Cryptocurrency holdings are neither cash nor financial assets, but meet the definition of an intangible asset, at least according to an influential global accounting standards body. The Korea Times said in a report on Monday that according to the Korea Accounting Institute, the International Financial Reporting Interpretations Committee (IFRIC) made such decisions after a…

opinion Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. — You may not have heard of Vertcoin, a crypto project designed to curtail concentration…

BTC topped $79,500 during the Asian hours. Futures premiums soar, indicating a bias for bullish bets. The popularity of the $80,000 call on Deribit points to potential dealer hedging around the key level. As bitcoin races toward the $80,000 mark, traders are scrambling to add bullish exposure in derivatives linked to the leading cryptocurrency. 01:01

At $80 for minting an NFT on Ethereum versus $1 on Hedera, it was a matter of cost, said SUKU.Feb 3, 2021 at 1:00 p.m. UTCRare Sneaker App Switches From Ethereum to Hedera to Skip Blockchain FeesSUKU, a blockchain startup that tracks luxury goods among other things, is moving its high-end sneaker authentication system to…

Nov 5, 2020 at 14:07 UTCUpdated Nov 5, 2020 at 14:08 UTCCryptocurrency might be a perfect addition to a financial service practice, if you’re trying to grow and maintain your business.Why would I say this when we know that most advisers would never tell their clients to allocate more than 5% of their portfolio to…

The Department of Justice filed dozens of victim impact statements from FTX creditors on Monday.The statements are intended to support the DOJ’s sentencing memo for Sam Bankman-Fried.FTX’s creditors say the exchange’s 2022 collapse “robbed [them] of [their] financial security,” exacted an “emotional toll,” and “created a sense of insecurity and mistrust toward the financial system,”

Cosmic Wire, a Web3 startup offering a wide range of infrastructure products, has raised $30 million in a seed funding round led by the Solana Foundation, the non-profit firm dedicated to spreading adoption of the Solana ecosystem, and Polygon.The crypto-related offerings from Miami-based Cosmic Wire include world-building 3D architecture tools and artificial intelligence-backed avatars for…