Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) venture. Former US President Trump …
Yearly archives: 2021
US Treasury official says stablecoins carry a “potentially big risk”
The US Treasury is still looking into crypto regulations, focusing on stablecoins. Last week, the undersecretary of the Treasury for domestic finance, Nellie Liang, noted that stablecoins carried a “potentially big risk.” US Treasury focuses on crypto regulations Comments made by Liang stem from a November 2021 report from the Financial Stability Oversight Council. The …
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Perspective: Bitcoin is not boring
By Mark Nesbitt Crypto is a rapidly growing space, with many views on how it might evolve. This series explores various ideas on crypto’s future and does not necessarily reflect the view of Coinbase. TLDR: This post explores a typical evolution of understanding Bitcoin, how its most common criticisms can actually be strengths, and why its …
Incident Post Mortem: November 23, 2021
Summary Between 4:00 pm and approximately 5:36 pm PT on Tuesday, November 23rd, we experienced an outage across most Coinbase production systems. During this outage, users were unable to access Coinbase using our websites and apps, and therefore were unable to use our products. This post is intended to describe what occurred and the causes, …
Solana DeFi Goes Stratospheric as Hubble Protocol Announces $3.6M Raise
The decentralized finance (DeFi) project Hubble Protocol has recently closed a seed funding round that raised $3.6 million. This early support for Hubble comes from several major and influential names in the crypto industry who are key players working to expand DeFi on Solana, which is currently the world’s fastest blockchain. Participants in Hubble’s early …
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BlockFi Co-Founder Sees Huge Growth And FOMO For Crypto In 2022
Co-founder of BlockFi and senior vice president of operations, Flori Marquez, shared the company’s insight on collected customers’ data and shed some light on the crypto industry’s growth as they have seen “huge moves” of Americans interested in it, suggesting a burgeoning adoption. During an interview with Yahoo Finance, Flori Marquez shared some interesting numbers. …
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Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China
The bitcoin mining crackdown was one of the major moves by a government that rocked the crypto space. The crackdown saw the mass exodus of bitcoin miners out of the presumed mining capital of the world as the Chinese government ramped up its efforts to push the miners out. During this time, the mining hash …
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Could Bitcoin Benefit From A Santa Claus Rally?
CNBC personality Jim Cramer has been pushing the possibility of a so-called “Santa Claus rally” across the stock market. But could this holiday-related trend have an impact on Bitcoin and cryptocurrencies? Mad Money Host Calls For “Santa Claus Rally” Bitcoin has taken a beating, down substantially from what most of its backers believed the year …
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LUNA Hits ATH After Astroport’s Deployment, Why Terra Could Continue Growing In 2022
Maybe one of the best-performing assets in 2021, LUNA has been trending against the market for the past 2 weeks. While Bitcoin, Ethereum, and other major cryptocurrencies remained rangebound, the native token for the Terra ecosystem re-entered uncharted territories. Related Reading | Terra Begins LUNA Burning, Why It Could Target $140 As of press time, …
Blockchain enables enterprise business models in the Metaverse
Enterprise blockchain has come a long way since its inception in 2017. Blockchain for enterprise use initially began as a technology built on private, permissioned networks, primarily used for supply chain management. As blockchain matured overtime, enterprises began to leverage public, permissionless networks like Ethereum to conduct business. Fast forward to 2021 — enterprises are …
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Bitcoin Bottom In? Veteran Trader Peter Brandt Looks at Capitulation History of BTC
Longtime analyst and trader Peter Brandt is looking at the capitulation history of Bitcoin to determine whether the king crypto has flushed out enough weak hands to mark a bottom. Brandt tells his 601,900 Twitter followers that massive volume expansions during a deep correction often indicate that BTC is close to resuming its uptrend. “Implications …
Crypto.com Unveils List of Predictions for 2022, Says One Sector Will Dominate the Industry
Crypto exchange giant Crypto.com is looking back at a huge year for digital assets and making predictions for the future. In a sprawling document published on the Crypto.com research page, the exchange’s research team is forecasts further crypto adoption in 2022 – led by one sector in particular. First, the exchange giant predicts that the number …
Ubisoft pursues NFT initiative with aleph.im following fan backlash
Earlier this year, gaming giant Ubisoft joined the aleph.im network as a core channel node operator after the blockchain-based storage and computing startup became a part of Ubisoft’s Entrepreneurs Lab. On Tuesday, aleph.im announced that it will offer a decentralized storage solution for Ubisoft Quartz in order to further incorporate nonfungible tokens (NFTs) into Ubisoft’s …
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Footprint Analytics: How to invest in DeFi
DeFi TVL exceeded $280 billion in November, according to the blockchain data analytics platform Footprint Analytics. One of the main reasons for a large amount of money going to the DeFi market is its attractive APY. Footprint Analytics: DeFi TVL surpasses $280 billion in November However, high APY comes with high risk. The nature of …
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Binance agrees to help Dubai develop ‘progressive virtual asset regulations’
Cryptocurrency exchange giant Binance today announced that it has signed a Memorandum of Understanding with the Dubai World Trade Centre Authority (DWTCA) to “outline the vision of accelerating the set-up of a new industry hub for global virtual assets.” “With the MoU, Binance will help advance Dubai’s commitment to establishing a new international Virtual Asset …
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