Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals

1. Remind me: What is a stablecoin? A stablecoin is a type of cryptocurrency that often has its value pegged to another asset, such as fiat currency, precious metals or other types of crypto. With major digital currencies like Bitcoin (BTC) experiencing sudden price jumps — sometimes in a matter of seconds — skeptics argue…

Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”

A crypto exchange that claims it has amassed more than 2 million registered users in the space of four months has released new apps for Android and Apple smartphones.As well as supporting transactions in a multitude of cryptocurrencies, Bitsdaq says its app offers real-time updates on movements in the markets — and enables users to make…

A blockchain-based alternative investment provider that tokenizes commercial debt is being listed on the Bloomberg Terminal, according to a news release published on June 4.Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier (FIGI), enabling professionals who use the Bloomberg Terminal to research its offering and execute trades.The…

Malaysia’s finance minister previously warned that crypto payments were illegal as they did not meet the universal characteristics of money. 271 Total views 7 Total shares The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto.Deputy communications and multimedia minister…

On The Run (OTR) will work with Crypto.com to implement its Pay Merchant product, with a Sydney payment systems provider rolling out new terminals to allow consumers to pay with crypto. 684 Total views 37 Total shares Convenience store and gas station giant On The Run (OTR) will soon accept crypto payments at its 170…

The black gold tanks to lows almost unseen since WTI contracts began in 1983, while Bitcoin remains broadly steady at $7,000. A single Bitcoin (BTC) now buys over 600 barrels of crude oil as an unprecedented sell-off takes BTC purchasing power sky high.According to data from monitoring resources including Bloomberg on April 20, futures for…

Cointelegraph journalist Giovanni Pigni spent two weeks challenging an AI program in a crypto investment competition. 198 Total views 10 Total shares Cointelegraph video journalist and YouTube host Giovanni Pigni challenged ChatGPT to a crypto investment game. Both contenders had $100 to build a strong crypto portfolio and make as much money as possible in