India mulls cross-border CBDC interoperability system
RBI Governor Shaktikanta Das advocates a plug-and-play system to enhance cross-border payment efficiency and CBDC interoperability.
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Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China. 1618 Total views 5 Total shares Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume…
Want to keep exchanges like Celsius from seizing your money? Be a ‘custody client’
Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary.What exactly is a “custody client?” It’s similar in principle to a savings…
Stargate Finance attracts $1.9B in six days
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Bitcoin halving analysis hints at $24K bottom before the end of 2022
One of the most popular topics of debate within the crypto community revolves around the Bitcoin (BTC) four-year halving cycle and the effect it has on the long-term price of the top cryptocurrency. Bitcoin price failed to hit the long-predicted $100,000 level in 2021 and many crypto analysts now find themselves wondering about the outlook for…
US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror
United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism.According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her remarks during the 19th annual international conference on counterterrorism.Cash is still predominantWhile Mandelker admitted that most terrorist organizations still rely…
People don’t want a ‘non-uniform currency’ like Bitcoin, says Fed president
"It's going to be a dollar economy as far as the eye can see," said James Bullard. 2802 Total views 12 Total shares James Bullard, president of the Federal Reserve Bank of St. Louis, seemingly doesn’t understand why many are looking to cryptocurrency as a medium of exchange instead of a uniform currency like the…
Bitcoin returns to $42K as markets await potential 7.9% CPI inflation data
Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Market “still fragile”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly “squeeze” through previous resistance at $39,600, going on to deliver 24-hour gains of 11.3%.Amid local highs of $42,438 on Bitstamp, the…
What to expect at Caroline Ellison’s sentencing hearing
The former Alameda Research CEO’s lawyers have requested time served, and prosecutors seemed flattering in their sentencing memo, but what will Judge Lewis Kaplan say on Sept. 24?