Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’
USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi.
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Digital yuan will work with WeChat and Alipay, says bank exec
Details regarding the digital yuan's characteristics are taking shape. 1030 Total views 15 Total shares The forthcoming digital yuan will reportedly be compatible with major payment networks within the country. Mu Changchun, the head of the People's Bank of China's digital currency research institute, said that the central bank-backed digital yuan will be compatible with major…
Jim Cramer admits he was wrong about Bitcoin — ‘I was premature’
“I made a lot of money,” said Cramer who cleared a profit on Bitcoin despite urging investors to sell the cryptocurrency. Markets commentator Jim Cramer has tacitly admitted he was wrong about Bitcoin (BTC), saying he was premature in calling for investors to sell the cryptocurrency. In a Nov. 22 segment of his CNBC Mad Money
Around the World in 2019 — A Landmark Year for Crypto Taxation
2019 was, without a doubt, a milestone for crypto taxation. Countries around the world realized cryptocurrencies are here to stay and adjusted their crypto tax policies as a result. This year alone, several countries have been busy establishing and amending crypto tax legislation. Governments around the world have published updated guidance, changed crypto tax rules,…
Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance?
Cory Klippsten, the CEO of Swan Bitcoin, shares his views on how "the competition for liquidity" between Bitcoin and Ethereum will play out after the latter's switch to a proof-of-stake system. 322 Total views 6 Total shares While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade…
El Salvador’s Bitcoin adoption may jeopardize IMF negotiations: JPMorgan
JP Morgan says that El Salvador's decision to adopt Bitcoin as legal tender is of little economic benefit. 1142 Total views 2 Total shares JPMorgan is the latest source to respond to El Salvador’s decision to adopt Bitcoin (BTC) as legal currency within the country.In a client note tweeted by @DocumentingBTC, the United States banking…
Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry
United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reported Jan. 24.Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline insurance claims processing and payments,…
Blockchain Expands in Advertising Industry, but Crypto Remains a No Go
Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising world by online ad networks, social media platforms and even national governments. In 2018, Facebook banned cryptocurrency advertising amid the initial coin offering hype. Later…
Report: Hamas, Iran-Tied Militants Intensify Bitcoin Fundraising Action
A militant group with ties to the Iranian regime and Hamas — the de facto ruling authority of the Gaza Strip in Palestine — is allegedly upping its Bitcoin (BTC) fundraising activities.The spur for the increase is reportedly a slump in resources, compounded by Iran’s recent rejection of the group’s request for financial support. An analysis…