As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with the idea of blockchain-based products and services, stablecoins are one of the areas of fascination …
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TSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns. The company reported an alarming number of fraudulent transactions on cryptocurrency purchases. Reportedly, transactions involving Binance, the cryptocurrency exchange behemoth, are involved in two-thirds of these fraud reports. A Binance representative denies these claims and said the exchange deals with complaints …
The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been dropping in June and how the month of July may see “weakness” as …
Input Output Hong Kong CEO Charles Hoskinson is sharing his views on how Cardano is different from its competitor Polkadot. In a new interview, Hoskinson tells artificial intelligence researcher Lex Fridman that Cardano (ADA) holds key fundamental advantages over blockchain ecosystem Polkadot (DOT). ADVERTISEMENT “The big contrasts between the two systems though, we actually …
Altcoin Daily host and crypto analyst Aaron Arnold is spotlighting a new under-the-radar altcoin, as the crypto markets continue to correct and Bitcoin trades around $35,000. In a new video, Arnold tells his 848,000 subscribers that he is investing in decentralized finance (DeFi) protocol Formation Finance (FORM). Formation FI is a cross-chain DeFi platform that …
Continue reading “Top Analyst Says He’s Investing in One Untapped Altcoin Amid Crypto Correction”
Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling. What could be next? With bullish short-term voices few and far between, it seems that cryptocurrency just isn’t of interest to investors right now. Against a backdrop of macro market uncertainty, …
Continue reading “China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week”
The Ministry of Interior of the Islamic Republic of Iran has blocked the activities of the Iran Blockchain Community (IBC), but the association claims they still haven’t received direct notice. The Social Affairs Organization of the Ministry required reports on IBC’s financial performance and dealings with cryptocurrency exchanges via a notice posted in local newspaper …
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Frank McCourt, a billionaire real estate mogul and former owner of the Los Angeles Dodgers, is backing a new effort for a decentralized social media project based on blockchain technology. McCourt is investing $100 million into an attempt to reinvent the foundations of social media by building a publicly accessible database of people’s social connections …
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Bitcoin (BTC) shed $1,000 in minutes on June 21 as fresh news from China succeeded in routing bulls yet again. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3rd biggest Chinese bank warns on crypto Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows beneath $32,500 on Monday. The cause, which disturbed a day …
Continue reading “Bitcoin price dips to $32.5K on ‘consistent’ new China FUD”
HodlX Guest Post Submit Your Post In addition to being a distributed database of records enabling digital innovation in the financial markets via cryptocurrency, blockchain technology has attracted the gaze of the business fraternity for quite some time now. In its basic form, blockchain already offers a secure record in the form of distributed ledgers, …
Continue reading “Beyond Bitcoin and Ethereum – Value Drivers Advancing Blockchain Adoption”
A Dogecoin-donned race car hit a wall in spectacular fashion over the weekend as DOGE fared much the same in the markets. Saturday’s National Association for Stock Car Auto Racing (NASCAR) Xfinity Series Race in Nashville ended in disaster for the Dogecoin sponsored car, with the DOGE-emblazoned Chevrolet Camaro driven by Stefan Parsons smashing into …
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European Central Bank (ECB) executive board member, Fabio Panetta, has argued that a digital euro offers superior privacy protections than privately issued stablecoins. Panetta criticized the profit motive of private firms, emphasizing it is in their commercial interests to harvest masses of data on their users. “We are not like private companies,” the board member …
IOHK CEO and Ethereum co-founder, Charles Hoskinson, has argued that Bitcoin sits at a significant competitive disadvantage due to its slow speeds and will be usurped by proof-of-stake networks. In a five-hour Podcast with computer scientist and AI researcher, Lex Fridman, the Cardano founder argued that proof-of-stake networks offering superior speed and functionality over the …
Continue reading “Bitcoin is ‘own worst enemy’ and will lose to Ethereum: Charles Hoskinson”
Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. Billionaire Oleg Deripaska is the founder of Basic Element, a Russian industrial group focusing in areas such as …
Billionaire investor and CEO of Point 72 Asset Management, Steve Cohen, says he is taking a deep dive into cryptocurrency. Emphasizing that he is “fully converted,” the billionaire said, “I’m not going to miss this. I already feel like I missed the first part of it.” Steve Cohen Gets Into Crypto, Says He Is ‘Fully …
