Are there too many cryptocurrencies? Choice can be a good thing — but not all digital assets are born equal.
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Are there too many cryptocurrencies?
Are there too many cryptocurrencies? Choice can be a good thing — but not all digital assets are born equal.
From skies to blocks: How an aerospace student became a Web3 entrepreneur
Ahmet Usta went from studying aircraft to founding thriving Web3 startups focusing on gaming and NFTs.
Coinbase Cloud debuts Web3 developer platform
In 2021, Coinbase vowed to become the Amazon Web Services of crypto. Now, it’s targeting Web3 development through Coinbase Cloud.
Tornado Cash is the latest chapter in the war against encryption
Government disdain for end-to-end encryption is nothing new. The effort to kill Tornado Cash is just the latest chapter in this age-old war.
Bitcoin 'nuke' warning as Fed rate hike decision looms — dollar index hits 20-year high
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
Bitcoin 'nuke' warning as Fed rate hike decision looms — dollar index hits 20-year high
Bitcoin (BTC) underwent a weak rebound on Sep. 21, and the U.S. dollar jumped to a new yearly high as investors await today's Federal Open Market Committee's interest rate decision.
BTC price hold $19K ahead of Fed decision
BTC's price has managed to cling on to $19,000 with a modest daily gain of 1.33% . Meanwhile, the U.S. dollar index (DXY), which measures the greenback's strength versus a pool of top foreign currencies, rose to 110.86, the highest level in twenty years.
BTC/USD vs. DXY daily price chart. Source: TradingViewFOMC rate hike scenarios
The Federal Reserve is poised to discuss how far it could raise its benchmark lending rates to curb record inflation. Interestingly, the market expects the U.S. central bank to hike rates by 75 or 100 basis points (bps).
The ramification of higher interest rates will likely result in lower appetite for riskier assets like stocks and cryptocurrencies. Conversely, the U.S. dollar will serve as the go-to safe haven for investors escaping risk-on assets.
"There seems no reason for the Fed to soften the hawkishness shown at the recent Jackson Hole symposium, and a [0.75 percentage point] 'hawkish hike' should keep the dollar near its highs of the year," analysts at ING told the Financial Times.
Digital bank FV Bank integrates USDC stablecoin for direct deposits
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.
New York Judge orders Tether to document USDT backing
The court accepted the Plaintiffs’ requests to provide "undoubtedly important" documents in the alleged fraud case.
Sharding could resolve Ethereum scalability trilemma, says researcher
Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput.
Blockchain tech driving institutional-grade solutions: Blockchain Expo Europe
Blockchain Expo Europe 2022 in Amsterdam highlights meaningful strides in enterprise-grade blockchain solutions driven by mainstream institutions.
Downfall of Canada's Lambo driving ‘Crypto King’ reportedly sees $35M in losses
A self-styled 23-year-old 'Crypto King' is facing a raft of demands among 140 of his investors as they try to claw back a collective total of $35 million from his company AP Private Equity Limited.
According to a Sept. 20 CBC report, creditors are hard at work trying to unravel where all the money they allegedly gave Canadian Aiden Pleterski to make crypto and foreign exchange investments on their behalf ended up.
A bankruptcy trustee's report, creditors meeting minutes, court filings, and complaints made to Investigation Counsel PC reveal Pleterski owned 11 vehicles, leased four other luxury cars, regularly flew on private jets, and was living in a lakefront mansion costing $45,000 a month to rent.
So far roughly $2 million worth of assets have been seized, among them two McLarens, two BMWs and a Lamborghini.
Norman Groot, the founder of Investigation Counsel PC, a fraud recovery law firm claimed the "large lifestyle burn rate" still doesn't "account for the amount of money that's missing."
Downfall of Canada's Lambo driving ‘Crypto King’ reportedly sees $35M in losses
Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police.
Downfall of Canada's Lambo driving ‘Crypto King’ reportedly sees $35M in losses
Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police.
Regulatory clarity will drive the next bull run — hedge fund co-founder
As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph.
Regulatory clarity will drive the next bull run — hedge fund co-founder
As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph.
Ethereum co-founder Vitalik Buterin defends DAOs against critics
Buterin believes collusion and corruption can be minimized when deciding power is in the hands of the entire group, rather than an individual or small minority.
Ethereum co-founder Vitalik Buterin defends DAOs against critics
Buterin believes collusion and corruption can be minimized when deciding power is in the hands of the entire group, rather than an individual or small minority.
Draft US stablecoin bill would ban new algo stablecoins for 2 years
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.
‘Fear of the unknown’ holds back tradfi investors from crypto — Bloomberg analyst
Bloomberg crypto analyst Jamie Coutts believes it's a “missed opportunity” that traditional asset managers choose not the educate themselves on crypto.