Monthly archives: September 2022

The long-awaited cryptocurrency regulation framework released by President Joe Biden’s Treasury Department this month attempted to outline a plan for managing the burgeoning crypto industry. Unfortunately, the department’s assessment failed to embody more substance than a mere mission statement. While Biden’s administration appears to be taking a “whole-of-government approach” toward overseeing the decentralized finance (DeFi) …

Continue reading “Biden’s anemic crypto framework offered us nothing new”

Bloomberg Intelligence senior commodity strategist Mike McGlone thinks Bitcoin’s (BTC) relationship to commodities could be indicating the top crypto asset is on its way to a price recovery. McGlone tells his 52,900 Twitter followers that Bitcoin is one of the most discounted major asset classes. “The lowest-ever crypto volatility vs. the Bloomberg Commodity Index (BCOM) may …

Continue reading “Bloomberg Analyst Says Bitcoin’s Relationship to Commodities Could Hint at a Price Recovery – Here’s Why”

A crypto data analysis firm is investigating how digital assets may impact national security under a new contract with a U.S. Department of Defense agency. Inca Digital says it will work on a project called “Mapping the Impact of Digital Financial Assets” for the Defense Advanced Research Projects Agency (DARPA). Says Adam Zarazinski, CEO of Inca …

Continue reading “US Defense Agency Inks Deal With Crypto Intelligence Firm To Analyze Digital Assets”

The price of one Ethereum (ETH) competitor is surging as the global soccer organization FIFA launches digital art on its blockchain. According to crypto analytics firm IntoTheBlock, new users are flocking to smart contract platform Algorand (ALGO) by the thousands daily with the launch of official FIFA World Cup non-fungible tokens (NFTs). “New addresses making …

Continue reading “Ethereum Challenger Defies Crypto Markets and Surges 38% This Week As FIFA Partnership Drives New User Growth”

For years, various blockchain projects were rumored to be future “Ethereum killers,” projects that would unseat Ether from its throne and usurp its title as the top digital asset. That day seems to have come, though it appears it was an inside job. Lido-staked Ethereum (stETH) and other liquid staking derivatives are primed to render …

Continue reading “Post-Merge ETH has become obsolete”

Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets. Institutional interest in Grayscale dries up On Sep. 23, the $12.55 billion closed-end trust was trading at a 35.18% discount, …

Continue reading “The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?”