UBS: Bitcoin Is Too ‘Unstable and Limited’ to Function as Money

markets Litecoin has rallied sharply in the first six weeks of 2019, triggering speculation that investors may be pricing in a supply reduction that’s scheduled to occur in August. The world’s fourth largest cryptocurrency by market capitalization is currently trading at $44, having clocked a high of $47 last week. At that price, LTC was…

news Cryptocurrency exchange Binance has launched not one, but two test platforms for its planned crypto futures products. Dubbed Futures A and Futures B, the new testnets are now open for users to play with using dummy assets, with new competitions to encourage traders to get involved. On Monday, Binance announced on its website that users…

Sep 27, 2020 at 15:00 UTCUpdated Sep 27, 2020 at 15:05 UTCThe Biggest Story in Crypto: The Stablecoin Surge and Power PoliticsWelcome to Opinionated, a new podcast featuring CoinDesk’s leading columnists and contributors. For free, early access to Opinionated, subscribe to CoinDesk Reports with Apple Podcasts, Spotify, Stitcher, CastBox or direct RSS for your favorite…

Governance is one of the hottest topics in crypto right now – and Decred developers' take is that the community should decide. And, by way of the release of a communication tool called Politeia, they will soon be giving that community $20 million in DCR tokens to manage. Stepping back, Decred was built by a startup…

Sep 30, 2020 at 20:14 UTC(CC DF Foto/iStock via Getty Images Plus)DeFi Summer; Bitcoin FallThe attention may have been with DeFi when it was warm, but as the cold winds of COVID-19 return fears and election volatility blow, bitcoin is resuming narrative dominance.For more episodes and free early access before our regular 3 p.m. Eastern time releases,…

news Blockchain has made its way to the firearm industry with a patent issuance to Justifire, a Georgia-based gun appliance manufacturer. Described as a ‘black box’ for your gun, the company’s signature device captures visual, audio, and other data for events requiring lethal force. Sensing sudden environmental changes, Justifire records dangerous encounters with the intention…

Japan's Financial Services Agency said it may be worth taxing crypto as a financial asset. The country currently taxes crypto profits as income, which can result in a 45% tax rate for high earners. Capital gains from sales of financial securities face a flat rate of 20%. Japan's Financial Services Agency said it's worth considering

Bullish trades on bitcoin and ether together registered over $380 million in losses. The largest single liquidation order was on Binance—an ETH trade valued at $18.4 million Crypto majors plunged as much as 20% in the past 24 hours as movements from a Mt. Gox-linked wallet spooked traders in early Asian hours, sending the market

news Iconloop has signed a deal with Yeolmae Company to provide a blockchain-based certificate issuance service for the company’s ARTnGUIDE platform, which acts as an intermediary site for the joint ownership of art. The agreement was covered heavily in the local press. It was confirmed by the company by email and by a release and…