SOS Ltd to jump on Bitcoin bandwagon with $50M purchase, stock pops 40%

One has introduced smart contracts and is the fabric of decentralized finance, the other is... a meme. 7085 Total views 73 Total shares In just over five years since it launched, Ethereum introduced the world to smart contracts, decentralized finance, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project…

Ether (ETH) price faced resistance after hitting the $1,970 level on July 3. A number of factors capped the rally, including higher odds of more interest rate hikes in the coming months and a tighter regulatory cryptocurrency environment.Macro headwinds from the FedBesides the external factors, the Ethereum network has faced withdrawals from its smart contract…

Coinbase CEO Brian Armstrong tweeted that BTC may be the “right long-term bet” for the two South American countries currently seeking a common currency. 5271 Total views 25 Total shares Own this piece of history Collect this article as an NFTAs Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian…

Alongside the ultimate scalability and security for the Ethereum network, the upcoming Ethereum 2.0 upgrade to a proof-of-stake model promises to bring additional, new benefits to its users, too. One of the main attractions, which encourages buying Ether (ETH), is a staking model that allows receiving passive income for the validation of transactions. And here,…

Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said.

Sudanese financial regulator considers cryptocurrencies to be the source of “high risks" as the demand grows. 228 Total views 13 Total shares The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the…

Global economists continue to question the implications of blockchain implementation for central bank digital currencies. 968 Total views 3 Total shares Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank.Carlos Lenz, chief economist at the Swiss…