XRP Ledger unveils institutional DeFi roadmap
Ripple Labs’ hopes to accelerate XRP Ledgers growth by leaning into institutional DeFi, including real-world assets (RWAs).
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Kraken ordered by court to disclose user data to IRS for tax compliance
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. 224 Total views 1 Total shares A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of…
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The battle between crypto bulls and bears shows hope for the future
The blockchain space is seeing some areas of strength despite the perceived downturn in the market. The perpetual futures funding rates for Bitcoin (BTC) and Ether (ETH) have flipped back to positive on major exchanges, which shows bullish sentiment among derivatives traders. In addition, Bitcoin started trading below its cost basis, which has marked previous…
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Bitcoin breaking through $12K is huge but don’t expect higher prices before 2021
The previous week has been tremendous for Bitcoin (BTC) investors as price broke the crucial barrier of $12,000, culminating in a surge from $11,300 to $13,300, a rally of $2,000 within a week. A new yearly high was printed, while the dollar has been showing weakness as well. Next to that, multiple listed companies came…
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Uncovering the Motives Behind North Korea’s Crypto Conference
On Jan. 15, the United Nations warned that attending North Korea’s cryptocurrency conference in February will likely constitute a sanctions violation. According to Reuters, this notice was issued in a confidential report that will be submitted to the U.N. Security Council later this month.The warning comes after a series of events sparked suspicion around North…
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Ark Invest and 21Shares partner to launch digital asset ETF suite
Five digital asset ETF products will be listed on the Chicago Board Options Exchange and are scheduled to start trading next week. 232 Total views 2 Total shares Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital
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Bitcoin may have played a role in Tesla’s decorrelation from Big Tech
The 20-day correlation between Tesla stocks and the Nasdaq 100 index has sharply dropped from 0.83 in mid-June to 0.14 as of this week. 204 Total views 2 Total shares Market analysts are arguing that Tesla's exposure to Bitcoin (BTC) may be the reason for its sharp decorrelation from Big Tech in recent weeks. As…
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NFT wash trading increases by 126% in February: data
The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume which hit $1.89 billion in February. 624 Total views 37 Total shares Own this piece of history Collect this article as an NFTThe top six nonfungible token (NFT) marketplaces saw a rise in NFT wash trading for the fourth…
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Hinman documents suggest SEC is the wrong agency to govern digital assets, crypto lawyer says
On June 13, the long-awaited Hinman documents were finally unsealed and released to the public. The unveiled documents offer valuable insights into a significant speech delivered in 2018 by Bill Hinman, the former director of the United States Securities and Exchange Commission’s (SEC) corporation finance division. In this 2018 speech, Hinman shared his perspective that Ether…