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Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that the recent rally in BTC prices has no clear explanation. … Read more
A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first Go to Source Powered by WPeMatico
While the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along at 130 exahash. Moreover, bitcoin … Read more
There could now be a career-risk for a portfolio manager to not have Bitcoin in their portfolio — the CoinShares chairman talks Bitcoin sentiment on CNBC Go to Source Powered by WPeMatico
Alliance Bernstein has told its clients that bitcoin has a role in investment portfolios. The head of the Portfolio Strategy team of the firm’s research arm said he has changed his mind about bitcoin after previously stating that it did not have a place in investment portfolios. Alliance Bernstein Recommends Bitcoin Allocation Alliance Bernstein’s Inigo … Read more
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have … Read more
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views … Read more
Ethereum developer Danny Ryan’s new proposal would unlock 80% of withdrawal use cases and allow decentralized staking service Rocket Pool to launch within months. Go to Source Powered by WPeMatico
Eth2 withdrawals may not need to wait for Phase 2 under developer Danny Ryan’s new proposal which would unlock 80% of withdrawals. Go to Source Powered by WPeMatico
A former top economic advisor to President Donald Trump and president of Goldman Sachs has shared his view about bitcoin. He claims that the cryptocurrency “lacks some of the basic integrity of a real market,” warning that it “may fail.” Gary Cohn Thinks Bitcoin May Fail Former White House chief economic advisor Gary Cohn said … Read more