‘The Black Swan’ author says Bitcoin a poor hedge against market meltdown

Lightning Network is the leading Bitcoin scalability solution, providing layer-two transaction capabilities separate from BTC’s main blockchain. 287 Total views 23 Total shares Peer-to-peer cryptocurrency exchange Paxful has integrated Lightning Network into its platform, giving its 7 million users access to near-instant Bitcoin (BTC) transfers.The new feature gives users the ability to send and receive…

North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC). Under the agreement, 17 former branches of Silicon Valley Bank will open as First Citizens Bank and Trust Company on Monday, March 27, while all depositors of…

Finance infrastructure-focused blockchain project Findora has appointed the former chief technology officer of major American cryptocurrency exchange Coinbase as a strategic advisor.As fintech media outlet Fintech Finance reported on Aug. 14, Balaji Srinivasan joined Findora after serving as a general partner at venture capital firm Andreessen Horowitz, and co-founder and CEO of blockchain-powered paid messaging…

Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic. 524 Total views 6 Total shares Own this piece of history Collect this article as an NFTThe United States Federal Reserve has announced a coordinated effort with five other central…

The Celsius Network is one of many crypto lending firms that has been swept up in the wake of the so-called “crypto contagion.” Rumors of Celsius’ insolvency began circulating in June after the crypto lender was forced to halt withdrawals due to “extreme market conditions” on June 13 and eventually filed for chapter 11 bankruptcy a…

Walmart Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release.The new system, which was developed in collaboration with blockchain company DLT Labs,  is designed to improve freight and payment processing, enabling users to automatically trace deliveries,…

Soramitsu, the firm that helped build Cambodia’s Bakong digital payments system, will work with the Laos government to research what a Laotian CBDC might look like. 65 Total views 15 Total shares Laos has become the latest nation to begin exploring a central bank digital currency (CBDC), announcing upcoming research on the subject in partnership…

With crypto prices down badly, NFTs appear to be on a discount which is making it hard for many collectors to resist a good sale. Notable projects like World of Women have recorded their largest sale at 260 Ether ($627,755 at current value.)In contrast, the total volume sales of Cool Cats decreased by nearly 30%…

Supporting the uptrend, the number of NFT holders grew 32.24% over the past three months, as evidenced by data from NFTGo. 280 Total views 14 Total shares Over the past two years, nonfungible tokens (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists…