Crypto wallets will evolve into ‘filing cabinets’ by 2030 — Crypto exec

Sygnum emphasized the robust DeFi ecosystem being built on Ethereum. 245 Total views 6 Total shares Crypto-focussed Swiss bank, Sygnum Bank, has announced it has become the first bank in the world to allow its clients to stake Ether.According to the July 6 blog post, the firm’s clients can now stake ETH through Sygnum’s institutional…

The United States Federal Reserve is not working on a digital currency of its own, said Fed Chair Jerome Powell. He said that cyber security issues are likely to deter central banks from releasing their own digital currency. However, reports suggest that China might launch its digital currency as early as Nov. 11. If the…

After a tumultuous day of trading which saw Bitcoin (BTC) price drop 28.35% from $7,650 to $5,500, the carnage restarted at 11:00 (UTC) when Bitcoin abruptly dropped another 24%. This brought the price to $4,679, a new 2020 low and a price not seen since April, 2019. The price action of the day means Bitcoin’s 2020…

The suit claims Binance used Ether as a commodity in its financial products, experts explained, which says little about the basic nature of the coin. 1246 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe United States Commodity Futures Trading Commission (CFTC) filed suit against Binance on March…

Shinban Bank, K bank and NH Nonghyup Bank reported a total revenue of 16.9 billion won coming out of partnerships with four crypto exchanges. 454 Total views 8 Total shares Three South Korean banks with crypto exchange partnerships have reportedly made $14.71 million in transaction fees in the second quarter of 2021.According to The Korea…

Vlad Tenev, Robinhood’s CEO, very much occupied the hot seat in today’s hearing before the House Financial Services Committee over January’s market volatility. None of the representatives seemed particularly interested in putting the screws to Reddit CEO Steve Huffman, and many seemed to give Keith Gill the same props the rest of us did. These aren’t…

The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May’s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders.By November, it was already clear…

The largest Bitcoin mining pools are signaling for Taproot but the activation may not reach the 90% critical consensus mark during this current difficulty epoch. 6983 Total views 17 Total shares Disclaimer: This article has been updated to reflect that BTC.Top has begun signaling for Taproot activation.The top-10 Bitcoin (BTC) mining pools by hash rate…

Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments saw these investments lose value from the market highs of 2017.Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their United States tax reporting obligations are…