Bitcoin has crashed over 10%, Ethereum over 15%, and the total cryptocurrency market cap has lost over $37 billion in value over the last 48 hours alone. Several signs point to a potential top in the crypto market – whether temporary or not remains to be seen. A flight back into the safety net of the dollar and a major reversal in the greenback could be responsible for the crypto market turning into a sea of red. These assets, however, Read more …
During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.” In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified Bitcoin (BTC) as an asset that has “no connection at all to money.” Also, he showed reluctant himself to believe crypto assets are a proper investment opportunity, because “their value can fluctuate quite, widely, unsurprisingly.” Bailey provided such comments while Read more …
The current state of blockchain innovation in the United States is a tale of two asset classes. On one hand, the Securities and Exchange Commission’s reluctance to embrace or endorse blockchain-based securities has ground the innovation in that sector to a crawl. On the other hand, regulators in the banking, money transmission and commodities spaces have demonstrated a willingness to work with blockchain companies to permit the offering of assets and asset classes in those spaces. As a result, non-securities Read more …
Singapore Exchange Ltd (SGX) has announced plans to launch two new cryptocurrency indices. The iEdge Bitcoin Index, and the iEdge Ethereum Index, will bring certified price referencing to the Asia region. Head of Index Services at SGX, Simon Karaban said the lack of transparency in the cryptocurrency space has left a huge gap in the marketplace. He believes the Bitcoin and Ethereum indices will go some way towards plugging that gap. What’s more, Karaban emphasized the positive effect this will Read more …
Amid skyrocketing prices in decentralized finance, also known as DeFi — a current hyped niche of crypto — one project offered half a million dollars as payment for media visibility. An unnamed DeFi project contacted trader and YouTuber Tone Vays, offering $500,000 for advertisement, Vays detailed in a Sept. 2 tweet, providing a screenshot of the action. Mentioning the DeFi project, the representative said: “They are doing well, they are well-backed, their token is listed on some exchanges, they want Read more …
The Ministry of Foreign Affairs of Denmark published a report explaining the use of IT technologies and services including blockchain, e-governance, big data, and crowdsourcing to fight administrative, or day-to-day, corruption as well as political corruption. Presented during the International Anti-Corruption Conference, or IACC, the report emphasizes the use of blockchain as a technology that will build a more transparent governance and transaction system, further adding that it will also give individuals greater rights over their own data. According to Read more …
This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! This week, the Lightning Network set a new record for the dollar value held in its payment channels at $12.6 million, according to data shared by Bitcoin Visuals. This metric is also known as the total value locked (TVL) in Bitcoin’s second layer payments solution and demonstrates the amount of money that users have moved into the Read more …
Nvidia is set to release the next generation of its popular RTX series of graphics cards on Sep. 17. One of these will be the RTX 3080, which comes as the mid-range card among its peers the 3090 and 3070. However, the performance of the card is set to eclipse the performance of the previous generation’s equivalent, the RTX 2080 Ti. According to Tom’s Hardware, the GPU is promised to be “twice as fast” as the last generation by Nvidia Read more …
Oneiro offers a turn-key solution for emerging economies to digitize central banking and overcome the cost, complexity, and structural barriers inherent in traditional approaches Boston, MA, Sept. 03, 2020 Oneiro (https://oneiro.io), global provider of high-performance blockchain solutions, and developer of the first adaptive digital currency ndau.io announced today it has launched a new software platform aimed towards accelerating the development of Central Bank Digital Currencies (CBDCs). You want the latest news about Crypto? Then follow us on Google News! The Oneiro Read more …
The price of Bitcoin (BTC) dropped by 7% in less than two hours, liquidating over $100 million worth of longs on Sep. 3. On BitMEX alone, the sudden drop wiped out nearly $99 million worth of longs. Three key factors likely caused the Bitcoin price to drop: miner outflows, the strength of the U.S. dollar, and major resistance. Miner outflows As reported earlier today, large-scale mining pools are sending higher-than-normal amounts of BTC to exchanges in recent days. Bitcoin outflows Read more …
Universal Market Access (UMA), an open-source, permissionless, and censorship-resistant protocol for financial innovation has achieved a milestone by getting listed on a major exchange. UMA token went live on leading global crypto spot and derivatives exchange OKEx on August 31, 2020. According to an announcement by OKEx, UMA is now available for spot trading against USDT and ETH on the platform. The latest listing comes just a couple of days after OKEx created a record of sorts by listing 8 Read more …
Bitcoin faucets are an easy way to get Bitcoins in the smallest units known as Satoshis. For those who have gotten interested in cryptocurrencies and Bitcoin, in particular, they can be a great way to earn some free cryptos. Some of the faucets just assign certain amounts of Satoshis to participants’ accounts within a length of time, while others require that they do some activities, such as viewing ads, taking surveys, etc. This article highlights the most rewarding Bitcoin faucets Read more …