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

Bitcoin's crypto market share surged to 54.4%, the highest since April 2021.BTC outperforms altcoins due to the spot ETF and safe haven narratives, one analyst noted.Bitcoin's (BTC) market share of all cryptocurrencies rose to a fresh 30-month high Wednesday as BTC continues to beat most altcoins or alternative cryptocurrencies (altcoins).The BTC Dominance rate, which measures

Cardano, launched in 2017 by Ethereum co-founder Charles Hoskinson, is pushing toward its biggest upgrade in two years, with major changes to the structure of its main network, introducing mechanisms to users to participate in on-chain governance. The upgrade, known as the "Chang hard fork," is a major milestone in Cardano’s roadmap, punctuated by the

Nov 25, 2020 at 3:55 p.m. UTCSquare Agrees to Buy Credit Karma’s Tax Preparation Service for $50MPayments company Square said Tuesday it will buy Credit Karma’s tax business for $50 million and integrate it into its Cash App, a major hub for bitcoin sales.Cash App will make Credit Karma’s do-it-yourself tax-preparation software available to its…

Ethereum ecosystem and layer-2 tokens, such as LDO, ARB, and MNT, jumped as much as 7% as Franklin Templeton filed plans for a spot ether ETF.Meanwhile, some market observers pointed out that Google search interest for bitcoin remained at an all-time low compared to the price, implying low retail interest in the topic.Solana’s SOL led

With ether whales and small holders rising, some analysts speculate about a ETH supply crunch.Jan 25, 2021 at 5:20 p.m. UTCBlockchain Bites: ETH Pumps, Coins Leave ExchangesEthereum’s and Chainklink’s native cryptocurrencies, ether and link, have set new record highs while bitcoin is in motion to recover losses from its worst week in at least five…

Blockchain Australia CEO Steve Vallas believes the country is "well placed" when it comes to blockchain, but a bigger conversation is needed with financial regulators.(Oksana.perkins/Shutterstock)Feb 15, 2021 at 4:42 p.m. UTCAustralia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry BodyAustralia’s blockchain and cryptocurrency companies need more support from the federal government and regulators to…

Sep 9, 2020 at 02:31 UTCUpdated Sep 9, 2020 at 02:34 UTCVenezuela Blocks Access to Coinbase and Remittance Service MercaDolarA digital rights advocacy group in Venezuela said its government has blocked user access to two currency exchange platforms. According to Venezuela Inteligente, President Nicolas Maduro's government is denying its citizens from accessing U.S. crypto exchange…

President-elect Donald Trump said former Securities and Exchange Commission Chair Jay Clayton would be his U.S. Attorney for the Southern District of New York, heading up the state's Department of Justice branch. Clayton, who has advised a number of crypto firms since leaving the SEC in December 2020, oversaw the production of the SEC's DAO

news The latest person to claim authorship of the bitcoin code created under the pseudonym Satoshi Nakamoto isn’t really about claiming to be its original creator, rather he’s just out to satirize that such a thing could even be attempted at all. Wei Liu, CEO of Coinsummer, a crypto market research firm, and former CEO…