Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation. Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge, and described BTC as more akin …
Continue reading “Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss”
Boerse Stuttgart Digital Exchange, Germany’s first regulated trading venue for crypto assets, has launched a mobile trading app for iOS and Android that supports four cryptocurrencies. Boerse Stuttgart Digital Exchange, or BSDEX — which shares its operator with the major public stock exchange in Stuttgart — is rolling out a new mobile app for cryptocurrency traders. As …
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Etherscan has enabled users to “track most NFT activity on Ethereum” after it revealed its new non-fungible token transfer tool on June 1. Ethereum blockchain explorer and analytics platform Etherscan has enabled NFT tracking as part of its transaction tracking tool kit. In a Twitter post yesterday, Etherscan revealed that users will now be able …
Continue reading “Trace your CryptoPunk’s history with Etherscan’s new NFT toolkit”
Ethereum co-founder cites people problems as one of the obstacles to progress. Ethereum’s visionary co-founder Vitalik Buterin has commented on the obstacles on the roadmap to Eth2 at a conference in Hong Kong. Speaking partly in Mandarin at the Virtual Fintech Forum at this week’s StartmeupHK Festival 2021, Buterin said that technology wasn’t the major …
Continue reading “Even Vitalik Buterin is surprised at just how long Eth2 is taking”
Aave’s TVL has soared past $20 billion, with one-third of capital coming from its deployment on layer-two, Polygon. Aave has surged to the top of the DeFi ranking by total value locked (TVL) amid its recent embrace of layer-two for scaling. According to Aave’s website, the v2 and Polygon deployments of the popular crypto-powered money …
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Institutional investors continue to exit BTC in favor of ETH, with Ether investment products now representing more than one-quarter of institutional crypto AUM. Institutional demand for Ethereum continues to surge, with Ether products now representing more than one quarter of the assets under management (AUM) of crypto investment products. According to CoinShares’ June 1 Digital …
Continue reading “Institutional investors load up ETH, with its share of AUM hitting a new record”
While it seems the big block vs. small block debate is over, it is still relevant in the cryptocurrency sphere and some users are still delving into the limits of big blocks. Mtrycz, a writer leveraging the read.cash blogging platform, claims to have mined 1 gigabyte (GB) block using a Raspberry Pi4 on the Bitcoin …
Continue reading “Big Block Breakthrough: 1 Gigabyte BCH Scalenet Block Mined With Raspberry Pi4”
A British man has shared his story of how his cryptocurrency addiction has led to criminal charges and landed him in a hospital for addiction treatment. He lost more than a million dollars of other people’s money trying to duplicate his previous success in cryptocurrency trading. Crypto Addiction on the Rise, One Hospital Is Treating …
The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,” said Stefan Ingves, Governor of the Riksbank. Tougher Regulation Expected for Bitcoin Stefan Ingves, the governor of Sweden’s central bank, the …
More than a quarter of financial advisers intend to recommend crypto investments over the next year. According to a survey, financial advisers are recommending investments in Bitcoin and crypto assets to their clients more than ever before. A report by the Financial Planning Association released on June 1 has taken a look at the changing …
Continue reading “Big rise in financial advisers adding crypto assets to client portfolios”
Canadian light electric vehicle manufacturer Daymak has announced an electric car that can mine Bitcoin and other cryptocurrencies while parked. Canadian light electric vehicle manufacturer Daymak has announced an upcoming electric car that can mine Bitcoin, Ethereum, and Doge — when it’s charging or parked. According to the firm’s June 1 announcement, The “Spiritus” electric …
Continue reading “‘Pointless but incredible’— New electric car mines crypto while it’s parked”
Upbit exchange paid 10 times more in fees to South Korean internet bank K Bank Q1 2021 than in the previous quarter. As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges. South Korean commercial banks processed 64.2 trillion won ($57.9 …
Continue reading “Bank account flows for South Korean crypto exchanges surge 40% since 2020”
Peter Brandt, a veteran financial analyst and trader, is questioning whether Bitcoin has more upside in the near term. Bitcoin (BTC) faces the prospects of falling further even after its price made a strong recovery after crashing from $65,000 to $30,000 in May 2021. So, it reflects in the latest statements from Peter Brandt, chief …
Continue reading “Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop”
Bitcoin (BTC) Price Prediction – May 31, 2021 Bitcoin (BTC) price upward move faces rejection at the $38,000 high as Bitcoin fluctuates Yesterday, the bears tested the $34,000 support twice as bulls bought the dips. Buyers are also facing selling pressure at the $38,000 high. Bitcoin is falling from the recent high. The downtrend is …
Both Yearn and Convex rely heavily on Curve, but that doesn’t necessarily mean the two are in competition. While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the macro weight and surging up the …
Continue reading “Possible Yearn rival Convex Finance passes $1 billion in total value locked”
