India preparing for a CBDC-driven economy — Central bank governor
Outgoing Reserve Bank of India Governor Shaktikanta Das envisions the digital rupee revolutionizing India’s economy, emphasizing gradual CBDC adoption.
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Bitfinex launches the first L2 bridge from CeFi to DeFi
The bridge will facilitate ERC-20 token transactions between centralized and decentralized exchanges. 1658 Total views 51 Total shares Crypto exchange Bitfinex has today announced a market-debut service to bridge its centralized platform with the layer-2 decentralized trading platform and subsidiary DeversiFi. The bridge will provide users access to the permissionless and privacy-centric experiences of DeFi, in…
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Bitcoin Hits Highest Price Point in Over a Year, Pushing Toward $9,000
Monday, May 27 — following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows.Market visualization courtesy of Coin360Bitcoin has reported over 9% in…
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Survey: Half of Alternative Investors Think Crypto Is Bubble
According to the 2019 Cayman Alternative Investment Summit (CAIS) survey, investors think that, as an asset class, cryptocurrency represents a bubble. The results of the survey were provided in a press release shared with Cointelegraph on Feb. 25.To prepare the survey, researchers reportedly examined approximately 100 alternative investors and managers, who participated at the CAIS’…
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SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
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Going feeless is the only way to enable blockchain adoption
Face-to-face transactions are starting to seem quaintly archaic as many countries continue or even expand lockdowns due to the ongoing COVID-19 pandemic. Since the start of the crisis in early 2020, digital transactions have surged, particularly in e-commerce and digital banking. In contrast with face-to-face transactions, such as a direct payment of cash in exchange…
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Bulls buy the dip again after Bitcoin price rejects at a key resistance level
Bulls are keen to buy each Bitcoin price dip but is this enough to avoid repeat sell-offs at $19,500? 273 Total views 4 Total shares For the second day in a row, Bitcoin bulls have attacked the $19,500 level in an attempt to flip the crucial level from resistance to support. Each attempt to overcome the…
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Venezuela Appears to Have Hard Forked The Petro
Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month. 559 Total views 24 Total shares On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10.However, observers have since identified that the official Petro block explorer now lists May 5,…
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Kusama (KSM) price hits new highs as parachain auctions begin to take shape
Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited about new features and traders rush in to “buy the rumor and sell the news”. One protocol that has seen its price rise to new rights this week despite the overall bearish conditions…