Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Bitcoin Halving Will be ‘Make or Break’ for Stock-to-Flow Model: PlanB
The creator of the stock-to-flow (S2F) Bitcoin (BTC) price model says that the upcoming block reward halving will decide if it lives or dies.In a series of tweets on April 16, PlanB said that he is sticking by the Bitcoin price increasing by “an order of magnitude” in the two years after the May halving.Analyst…
Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain
Enterprise blockchain platform Ontology (ONT) plans to launch a version of the regulated USD-backed stablecoin Paxos Standard (PAX) on its own blockchain. The company announced the news in a press release published on April 27.Per the release, the new token (PAXO) will be based on Ontology’s OEP-4 token standard, which will enable atomic swaps between…
Crypto.com granted Dubai crypto license
The license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services. 427 Total views 4 Total shares Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval.In a Nov. 14 press release, Crypto.com said that
How do DeFi protocols get hacked?
The decentralized finance sector is growing at a breakneck pace. Three years ago, the total value locked in DeFi was a mere $800 million. By February 2021, the figure had grown to $40 billion; in April 2021, it attained a milestone of $80 billion; and now it stands at above $140 billion. Such rapid growth…
MicroStrategy raising $600M…. no, $900M to buy more Bitcoin
Should the purchase go as planned, the business intelligence firm would hold more than $3.5 billion in Bitcoin as a reserve asset. 973 Total views 7 Total shares Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin through a sale of convertible notes, the business intelligence firm has upped…
Raoul Pal says ‘reasonable chance’ crypto market cap could 100X by 2030
“I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100x from here,” said Raoul Pal. 1612 Total views 54 Total shares Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade.…
JPMorgan Chase CEO: Crypto Projects Pose No Threat to Banking System
JPMorgan Chase CEO Jamie Dimon said that he does not think that cryptocurrency projects pose an existential threat to JPMorgan's core business. During an interview with Yahoo Finance on June 27, Dimon discussed crypto’s potential impact on the existing banking system:"We move $6 trillion a day around the world. It is very cheap, very secure, it…
ESPN and Tom Brady’s Autograph ink multi-year NFT deal
ESPN’s first NFT collection is based on its "Man in the Arena: Tom Brady" documentary and magazine issue. 135 Total views 2 Total shares ESPN and Autograph, the nonfungible token (NFT) platform co-founded by Tom Brady, announced a multi-year partnership on Wednesday that kicks off with a documentary release and an NFT collection. A 10-part ESPN+ documentary…