Ether reserves on exchanges hit 9-year low as supply shrinks
Diminishing Ether supply on exchanges may signal an incoming price rally driven by a “supply shock,” which occurs when strong buyer demand meets decreasing available ETH.
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New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts another week aiming for $19,500 and beyond as crunch time for Brexit meets mass U.S. money printing.Cointelegraph takes a look at the price factors at stake for Bitcoin this week as shaky $19,000 support remains in play. Bitcoin CME futures hourly chart. Source: Tradingview$7 trillion money printing?The more controversial elements of U.S.…

Baseline Co-Founder Says Crypto Is ‘Pre-CompuServe’ an Still in Its Early Days
The co-founder of the Baseline Protocol believes that crypto is still 15–20 years away from finding significant mainstream adoption. 986 Total views 24 Total shares ConsenSys developer and Baseline Protocol co-founder, John Wolpert, has predicted that we may still be decades away from seeing wholesale mainstream adoption of crypto assets and distributed ledger technologies.“My personal…

Meta makes progress towards AI system that decodes images from brain activity
The system is entirely non-invasive and could have near-term applications for some. 190 Total views 2 Total shares The new system combines a non-invasive brain scanning method called magnetoencephalography (MEG) with an artificial intelligence system.A typical MEG imaging machine. Image public domain, source: NIMH/WikipediaThis work leverages the company’s previous work decoding letters, words, and audio

Coinbase providing customer geolocation data to ICE: Report
The U.S. government agency is reportedly using Coinbase Tracer to access customers' historical geo-tracking data and transactions on over a dozen cryptocurrencies. 316 Total views 13 Total shares A new report has indicated that crypto exchange Coinbase has provided Immigrations and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s…

Bitcoin derivatives data shows pro traders ignored today’s $41K pump
Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying…

UK-Based Global Funds Network Calastone Switches Entire System to Blockchain
London-based global funds network Calastone announced that it switched its entire system for fund trade clearing services to its blockchain Distributed Market Infrastructure (DMI) in a press release published on May 20.Per the release, the migration of the company’s over 1,800 customers over 41 markets “represents the largest community of global financial services organisations connecting…

Charter schools in California to use blockchain system to fight COVID-19
A new blockchain system will be used to manage and track COVID-19 exposure among students and staff in multiple charter schools across California state. 1780 Total views 12 Total shares The new applications and measures being implemented by public health authorities across the world during the COVID-19 pandemic have sparked debate over how to balance…

Bain Capital Ventures sets up half a billion-dollar fund for crypto projects
Venture capital investment in crypto projects topped $25 billion in 2021, more than the sum of the last ten years. 530 Total views 20 Total shares Bain Capital Ventures, one of the world's largest startup-investment firms with $5.1 billion in assets under management, has announced the formation of a new $560 million fund that will…