Solana open interest hits record high: Will SOL top $200?
SOL is up more than 20% this week, and data suggests that the rally will continue.
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Why Crypto Liquidations Protect Us All
If the current COVID-19 pandemic has exemplified one thing, it is that our individual actions have consequences for all of us. Unfortunately, human nature propels the majority of humankind to put its individual interests first, and it takes a truly severe crisis to open our eyes to the interconnectedness of our actions.It is through assessment…
US SEC issues no-action letter on compressed digital asset settlement process
The U.S. Securities and Exchange Commission (SEC) took a major step toward streamlining digital asset securities settlement by compressing the previous four-step process into three in a bid to reduce operational risk for broker-dealers.The SEC issued a no-action letter on Sept. 25, stating it will not penalize any broker-dealer operating an alternative trading system (ATS)…
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest crypto market in the world saw the value of cryptocurrencies received by individuals rocket 40% between July 2021 to June 2022, reaching $562 billion, according to an Oct. 20…
Russia becomes second-largest Bitcoin mining hub after US, claims local miner
Russia becomes the second-largest country in cryptocurrency mining, while the United States retains the top spot; however, unclear regulations in the US could shift the market. 275 Total views 4 Total shares Own this piece of history Collect this article as an NFTRussia has now reportedly become the second-largest country in the world in terms…
University of Michigan Endowment Ups Investment in Andreessen Horowitz Crypto Venture Fund
The University of Michigan’s $12 billion endowment plans to bolster its investment in a “cryptonetwork technology fund” (CNK Fund I) managed by American venture capital firm Andreessen Horowitz. The development was revealed in the agenda for the university’s Board of Regents meeting on Feb. 21.According to the document, the endowment had already committed $3 million…
Binance will ‘work with regulators’ as it expands, says CEO
“We want to be licensed everywhere,” said Changpeng Zhao. 901 Total views 148 Total shares Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters.According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would…
Illegal Bitcoin use is down, but privacy wallet laundering is up, says analytics firm
2020 has apparently been the year of privacy wallets, as more exchanges onboard KYC requirements. 742 Total views 4 Total shares Elliptic, a leading firm in blockchain analytics, has found major shifts in recent trends in illicit crypto usagPer the firm's Dec. 9 study, the proportion of Bitcoin transactions that the firm has linked to…
Open sesame: Will ‘cracking’ Monero reveal treasure or fool’s gold?
Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track the purportedly untraceable asset. As the crypto and blockchain industry values anonymity and privacy, questions arise on the result of…