US Republicans under Trump include crypto in official party platform
The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President.
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Crypto Biz: Is Zuckerberg’s $100B metaverse experiment doomed to fail?
Not everyone is convinced that Mark Zuckerberg’s massive metaverse experiment is a good idea. Since Facebook rebranded to Meta in 2021, the social media giant’s focus has increasingly shifted to connecting the digital and physical worlds through augmented reality. However, a shareholder of the company recently issued a letter to the CEO calling the metaverse…
Fed Chair Blames Coronavirus, Not ‘Usual Suspects’ for Crashed Economy
The latest words from Jerome Powell suggest that there is little need to address monetary policy to avoid another market crash. 1130 Total views 19 Total shares The worst recession since World War Two and its fallout was not the fault of the fiat money system, according to the chairman of the United States Federal…
Price analysis 8/24: BTC, ETH, XRP, BCH, LINK, LTC, BSV, CRO, BNB, ADA
The coronavirus pandemic has forced people to change several social behavioral habits. Along with maintaining social distance from one another, people are also averse to using notes, coins or cards as they might transmit COVID-19. A new report from the Bank for International Settlements suggested that social distancing procedures and the “government-to-person payment schemes” have accelerated…
Huobi and Binance Support Community-Led Steem Hard Fork
Major cryptocurrency exchanges Binance and Huobi have announced support for the Steem (STEEM) community’s hard fork to create the new Hive network.On March 18, Binance and Huobi published announcements revealing their support for the Steem hard fork that is scheduled for March 20.The decisions appear to quash allegations from earlier in the month that the…
Crypto ownership isn’t rising with recent market growth, Fed survey claims
Crypto ownership has not significantly risen even with the bear market over, according to the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute.
Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH
According to blockchain investigator Packshield, the hacker used a previously withdrawn pledged NFT from the Bored Ape Yacht Club (BAYC) collection as collateral to drain the assets. 161 Total views 14 Total shares XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087…
The Blockchain Service Network will stimulate China’s CBDC plans
The wait for CBDCs continue. 1322 Total views 22 Total shares From the Chinese government’s perspective, cryptocurrencies are not considered legal tender; instead, they are categorized under a type of “virtual commodity," but some industry players believe the Blockchain Service Network (BSN) infrastructure can stimulate the development of virtual currencies like a CBDC. During an interview…
Bitwise withdraws Bitcoin and Ethereum market cap ETF application
In an unexpected turn of events, Bitwise has submitted a request to retract its application for the Bitcoin and Ethereum Market Cap Strategy Ethereum Futures Contracts (ETF), initially filed with the Securities and Exchange Commission (SEC) on Aug. 3.While market sentiment turned bullish following Grayscale's SEC victory, Bitwise appears to be discreetly reassessing its strategy.