It's time to ditch Bitcoin Power Law Theory

The Chinese government is purportedly supporting the construction of a "blockchain  city" in the critical shipping lane of the Malaysian Malacca Strait. The development was announced in a press release shared with Cointelegraph on April 26.Construction and engineering company China Wuyi and investment network SWT International Sdn Bhd have jointly launched the Chinese government-backed project…

The BTC price is at a crucial inflection point, according to JPMorgan strategists. 2270 Total views 5 Total shares Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase. As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe Bitcoin could lose its luster over the…

In a letter to the shareholders, IBM has acknowledged that one of the main achievements of the new CEO is the expansion of its blockchain business.The document notes that its technology portfolio is “built for the future”, with blockchain being one of the technologies underpinning this belief. It denotes IBM as:“...a leader in hybrid cloud,…

The CFTC has brought or resolved ten fraud cases involving digital assets or forex since June 2023, Commissioner Kristin Johnson said. 242 Total views 4 Total shares The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI).The United States District Court for the Western District

The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) announced a new blockchain association.Latin America focused business intelligence firm BNamericas reports on Aug. 27 that STE, DCV and GTD have set up a consortium for blockchain financial application development, which is reportedly the first such initiative in Latin America.Blockchain-based…

Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.

Multinational investment bank thinks Coinbase stock is worth 30% more than its current price. 187 Total views 19 Total shares Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target.Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research…

A central bank official spoke about ongoing CBDC research and other payment modernization Taiwan is exploring. 901 Total views 6 Total shares Taiwan’s central bank has completed a feasibility study of wholesale central bank digital currency (CBDC) and is continuing to consider its introduction. The central bank is seeking feedback from business and academics and

Kik has made inaccurate claims about activity on its blockchain to the United States Securities and Exchange Commission (SEC,) a Coin Metrics report alleged on June 24.The report focused on two assertions made by the company about its Kin blockchain and eponymous cryptocurrency.In a November 2018 letter, Kik had claimed that its blockchain had “exceeded Ether and Bitcoin in daily blockchain…