Fed’s dovish move will slash $625M in interest income for stablecoins

Digital asset cybersecurity startup Fireblocks announced its launch out of stealth mode with $16 million in funding, according to a press release shared with Cointelegraph on June 11.Per the release, Fireblocks obtained the capital during its Series A funding round from Cyberstarts, Tenaya Capital, EightRoads (Fidelity INTL), Swisscom Ventures and MState. The startup reportedly counts…

Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown. 702 Total views 32 Total shares The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year.The Bitcoin hashrate has now topped 150 Exahashes, or one…

This potential move will swap the native AGI token from ERC20 to Cardano SingularityNET, the AI company behind the expressive robot Sophia, is “seriously discussing” a migration from Ethereum to Cardano, after announcing a collaboration with IOHK.IOHK is run by the founder of Cardano, Charles Hoskinson, and drives the development of the blockchain platform. SingularityNET…

Bitcoin holds its latest advances over the weekend, but there are plenty of arguments calling for a snap BTC price retracement.

Once Ethereum futures ETF and spot Bitcoin ETF applications get approved, there will be a marketing war like we've never seen says, Bloomberg ETF analyst Eric Balchunas. 305 Total views 7 Total shares Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could

Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort. 207 Total views 49 Total shares The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public…

OpenAI founder Sam Altman launched Worldcoin in July, a cryptocurrency token offered to people willing to share their biometric data by scanning their eyeballs with an Orb, seeking to link real-world identity with decentralized blockchain identity. Many aspects of the project embody the dystopian nightmare that the cypherpunks created Bitcoin (BTC) and other cryptocurrencies in…

Only 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said. 4222 Total views 42 Total shares Following major sell-offs in cryptocurrency markets amid reports of United States President Joe Biden's capital gains tax rise proposal last week,…