It is a sign of our industry’s youth that we routinely fail to provide a coherent descriptive definition of a stablecoin. Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones. The word […]
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Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum. After the recent correction, Bitcoin (BTC) will need aggressive inflows to absorb the possible selling from the short-term traders and momentum players as the price nears $40,000. In the past few months, […]
The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto. Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, the bank’s position on digital assets is looking slightly more bullish. According to a booklet on payments released today by […]
With both Bitcoin price and DeFi’s total value locked reaching all-time highs, is it possible to draw parallels between the two? The past year has been a crazy journey for the blockchain industry. Between the crippling effects of the COVID-19 pandemic across various sectors and Bitcoin’s marathon bull run, the year has been great for […]
The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild family dynasty. Rothschild Investment Corporation, a leading Chicago-based financial institution founded in 1908, has invested heavily in Grayscale’s Bitcoin Trust, according to a Monday morning filing with the United […]
Per the latest in lobbying disclosures, Ripple Labs shelled out for its lobbying on legislation looking to change the treatment of crypto under securities laws. Ripple Labs spent $690,000 on lobbying in the United States in 2020, which still didn’t save the firm from the Securities and Exchange Commission. Per legally mandated disclosures for 2020, […]
Blockchain’s further success is contingent on the establishment of a strong free market and positive competition. Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating. Later, once more, they’d return to draw arms. Great schisms between Catholicism […]
The regulator had previously suspended the exchange following several brief outages due to extreme volume spikes. Bitkub, Thailand’s largest cryptocurrency exchange, resumed its services on Saturday following a brief period of shutdown enforced by the country’s Securities and Exchange Commission. The shutdown followed a number of brief service outages that occurred due to large spikes […]
CEO Merrick Okamoto said the crypto purchase would help make Marathon an appealing choice to investors seeking “exposure to this new asset class.” Nevada-based crypto mining firm Marathon Patent Group has invested $150 million in Bitcoin as a reserve asset. Marathon announced today that it has purchased more than 4,812 Bitcoin (BTC) for $150 million […]
Traders say ETH price could pull back temporarily after climbing to a new all-time high above $1,470, despite the momentum of Ethereum. Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this […]
