Bookmarking Crypto Insights
Newly discovered documents suggest a possible conflict of interest from a former SEC official when he made a speech about Ethereum which some claim could jeopardize the SEC’s case against Ripple. Go to Source Powered by WPeMatico
Ethereum whales have been transacting a huge volume of Ethereum, marking the highest one day whale activity since January. Go to Source Powered by WPeMatico
Chile’s planned start to its digital peso rollout in early 2022 has been held back while its central bank conducts more analysis to inform a new report by the end of the year. Go to Source Powered by WPeMatico
The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets. Go to Source Powered by WPeMatico
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban … Read more
In the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power. Go to Source Powered by WPeMatico
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for Treasuries, or a digital asset that has payment features in it.” Nouriel Roubini’s … Read more
The past week has been extremely rough for cryptocurrency markets, with most Metaverse crypto coins dropping 30-40% in the past seven days. For those brave enough to buy the dip, this makes it an excellent opportunity to accumulate underrated projects with long-term potential that could see significant price growth in the coming months. This article … Read more
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech … Read more
Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options. Go to Source Powered by WPeMatico