House Democrats won’t be forced to vote against two pro-crypto bills
A leaked email shows Democratic Party leaders “strongly oppose” two Republican-led crypto bills, but will not force House members to vote no on them.
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Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi heats up
Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token holders to stake their coins. In the past month, NEAR has rallied by 107% and this raises questions on whether…

Santander, Crédit Agricole asset arm receives French crypto custody license
CACEIS’s registration comes just in time to avoid the bank being subject to France’s new crypto regulations. 165 Total views 2 Total shares CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received a crypto custody license in France, according to the regulator’s website on June 20. CACEIS claims to be a European leader…

Bitcoin price dips below $10K as analyst eyes ‘dead cat bounce’
Bitcoin briefly reenters four figures before a bounce takes the market up $400 in minutes amid highly volatile conditions. Bitcoin (BTC) fell below $10,000 on Sep. 4 as selling pressure combined with strength in the U.S. dollar to spark more pain for hodlers.Cryptocurrency market daily snapshot, Sep. 5. Source: Coin360BTC price triggers bulls with $9,900…

BIS joint pilot: Institutions can use CBDCs for international settlements
The experimental CBDC platform proved that the design approaches used to address three major issues: access, jurisdictional boundaries, and governance were effective. 6 Total views 12 Total shares Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia,…

Bitcoin Mining Difficulty Hits Record High of 17.3 Trillion
Just two months after May’s Bitcoin halving event, both hash rate and difficulty have shrugged off post halving dips to hit new all-time highs. 1342 Total views 20 Total shares Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of…

Bitcoin S&P 500 Correlation Means It Should Cost $18K, Says Analyst
Bitcoin (BTC) should cost $18,000 right now — or the S&P 500 must crash, says the analyst behind the model which predicts a BTC price of $288,000.In a series of tweets on June 17, PlanB, the creator of stock-to-flow (S2F) and stock-to-flow cross-asset (S2FX), highlighted a correlation between the largest cryptocurrency and the stock market.Bitcoin…

Kik Announces It’s ‘Here to Stay’ in Apparent Reversal of Fortunes
Canadian social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties.In an official tweet posted on Oct. 13, the company announced:“Great news: Kik is here to stay!!!!AND there’s some really exciting plans for making the app even better. More details…

Report: Lazarus Hacker Group Adopts New Methods, Continues Targeting Crypto
Alleged North Korea-sponsored cybercrime group Lazarus is still targeting cryptocurrencies and adopting new tactics, according to a new report from cybersecurity and anti-virus company Kaspersky Lab published on March 26.The report reveals that allegedly state-sponsored hacker group Lazarus has been active with a new operation since last November, wherein the group uses PowerShell that allows…