According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is “well-founded.” He added that unlike the speculation-driven non-fungible token (NFT) frenzy, interest in ZK rollups is grounded in their …
Monthly archives: July 2024
FINMA Warns Stablecoins Threaten Swiss Financial Reputation
The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuers as Financial Intermediaries The Swiss regulator, the Financial Market Supervisory Authority (FINMA), has recently …
Continue reading “FINMA Warns Stablecoins Threaten Swiss Financial Reputation”
Worldcoin Gets Hit With $200,000 Fine in Buenos Aires
Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms of service agreement. Also, authorities of Buenos Aires concluded …
Continue reading “Worldcoin Gets Hit With $200,000 Fine in Buenos Aires”
Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality
Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent …
US Senator Hails Bitcoin’s Potential to Democratize Finance and Improve Financial Inclusion
Senator Tim Scott highlighted bitcoin’s potential to democratize finance and improve financial inclusion at the Bitcoin 2024 Conference. He criticized the Biden administration’s approach to digital assets and endorsed efforts to overturn restrictive SEC guidelines. Scott advocated for balanced regulation that encourages innovation without stifling growth or pushing it overseas. Senator Tim Scott Advocates for …
Treasury Secretary Yellen Refutes Economist Nouriel Roubini’s Allegations of Financial Manipulation
U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real borrowing costs. Yellen assured in a Bloomberg interview that no such strategy had ever been discussed or implemented. Roubini and Miran’s paper argued that Treasury …
Santiment Outlines Bullish Altcoins Amid a Blossoming Crypto Market – Here Are the Analytics Firm’s Picks
The crypto analytics firm Santiment outlined potentially bullish altcoins as digital asset markets ticked upwards on Friday. Santiment analyzes assets by their market value-to-realized-value (MVRV) Z-score, which aims to measure whether they are undervalued or overvalued. An asset tagged with a low MVRV Z-score is seen as undervalued while those with a high MVRV Z-score …
Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA
Cardano is at a significant milestone with the impending Chang hard fork. This pivotal moment follows the recent upgrade of its node validation software before the upgrade goes live. As the Cardano ecosystem gears up for this major update, the network is experiencing a surge in activity that could determine its trajectory in the coming …
Continue reading “Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA”
MANA Soars As Market Optimism Returns, Next Stop $0.3713 Level
The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA’s price occurred following a price rejection at $0.3099, marked by the formation of a hammer candlestick …
Continue reading “MANA Soars As Market Optimism Returns, Next Stop $0.3713 Level”
This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC
Bitcoin mining behemoth, Marathon Digital has made headlines by investing a staggering $100 million in BTC. This substantial investment comes despite BTC’s previous price drops, underscoring the mining giant’s confidence in the long term potential of the pioneer cryptocurrency. MARA Buys $100 Million Worth Of BTC In a press release published on Thursday, July 25, …
Continue reading “This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC”
Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High As $1,400 Related Reading Martinez predicted that Solana could rise to as high as $1,400, …
Continue reading “Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge”
Ethereum Open Interest Rises By $1.5 Billion – What This Means
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms …
Continue reading “Ethereum Open Interest Rises By $1.5 Billion – What This Means”
Trump’s Bitcoin push, spot Ether ETF debut, and more: Hodlers Digest, July 21-27
An asset manager weighs in on Trump’s Bitcoin push, spot Ether ETFs record $107 million on debut day: Hodler’s Digest
Former President Trump Vows To Create Strategic National Bitcoin Stockpile, Fire Gary Gensler and Make America the ‘Crypto Capital of the Planet’
Former President Trump is vowing to implement a total transformation of US Bitcoin and crypto policy if re-elected. At the Bitcoin2024 conference in Nashville, Trump said he will fire Securities and Exchange Commission Chair Gary Gensler on day one, and end policies that prevent crypto investors and companies from using digital assets. Under his administration, …
AI Trading Crypto WienerAI Surpasses $8m In Presale, Less Than 4 Days To Go
WienerAI ($WAI) has already raised over $8 million in presale funds, and with less than four days left, the window to become an early investor […] Go to Source