Does Bitcoin’s negative funding rate signal that bears are in total control?
Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.
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Mt. Gox Bitcoins Stay Put: Claims Deadline Pushed Back to Spring 2020
The trustee in charge of refunding users who lost money in the implosion of Bitcoin (BTC) exchange Mt. Gox has again extended the submission deadline for claims. In a statement released on Oct. 28, Nobuaki Kobayashi said that the high volume of problematic requests for money meant that a five-month extension was inevitable.New claims deadline March…
Report: Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents
Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20.The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by…
Hardware wallet industry to outstrip crypto exchanges: Report
Global crypto exchange revenue is estimated to grow at a 13% CAGR by 2028, while the hardware wallet market is expected to exhibit a CAGR of 27% by 2027. 274 Total views 35 Total shares The crypto hardware wallet industry could be growing at a faster pace than cryptocurrency exchanges, data from several studies suggest.The…
Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more
Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of the exchange’s
Where does this 28% Bitcoin price drop rank in history? Not even in the top 5
At 28%, this weekend's BTC price action was decidedly average compared to the cryptocurrency's run-up to 2017 all-time highs. 1071 Total views 6 Total shares Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context. As noted on Jan.12 by Nathaniel Whittemore, host of…
PayPal to offer crypto payments starting in 2021
The rumors are now fully confirmed. 4681 Total views 145 Total shares PayPal announced on Wednesday its entry into the cryptocurrency market, according to multiple reports.PayPal customers will be able to use cryptocurrencies to shop at any merchant in its large network starting from early 2021, the company said.The payments will be settled through fiat…
DeepMind exec: AI assesses climate issues, falls short of full solution
Google DeepMind Climate Action Lead Sims Witherspoon suggested a strategy dubbed the “Understand, Optimize, Accelerate” framework, outlining three steps for tackling climate change with AI. 63 Total views 14 Total shares Amid efforts by climate scientists and advocates to address environmental challenges, Google DeepMind Climate Action Lead Sims Witherspoon sees potential in artificial intelligence (AI)
Brazil rolls out blockchain-based digital ID
Brazil is launching its new national identity program powered by blockchain technology. Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain. 228 Total views 5 Total shares Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced.Rio de Janeiro, Goiás, and