Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn, Michigan, MIT, and Columbia University. Blockchain University Groups Identified as Major …
Author archives: Adam Owen
A Group of Users Is Battling Binance to Get Their Money Back After May’s Crash
A group of Binance customers are seeking to get their funds back after the platform froze in May. These users had leveraged positions and were unable to reduce them or close them. On May 19, Binance’s app crashed for more than one hour, leaving customers unable to manage their funds. These users are now pursuing …
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Bitcoin Will Eventually Be Transacted More Than Fiat Currency, Say 35% of Australians Surveyed
A new survey finds that 35% of Australians believe bitcoin will eventually be transacted more than fiat currency. Almost the same number of respondents believe that bitcoin “has a significant role to play in the future of currency.” Comparison platform Finder published Tuesday the results of a cryptocurrency survey, which it described as a “nationally …
UAE Central Bank Unveils Plan to Launch Digital Currency
The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs). The Central Bank of the United …
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Bit Mining raises $50M to take operations out of China
Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese …
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Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern
It’s not yet known whether Binance’s recent news of being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details. Regardless of the reason behind the price weakness, derivatives contracts started to display …
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Bitcoin Showing Signs of Potential Bounce: Crypto Analytics Firm Santiment
Prominent crypto analytics firm Santiment is revealing some potential signs that Bitcoin may be ready for a bounce up in price after weeks of sideways trading. Santiment shares two metrics on Twitter with its 77,600 followers that suggest Bitcoin sellers are starting to lose steam. ADVERTISEMENT “The amount of daily inflow of Bitcoin to …
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Dominant Crypto Exchange Maintains Rank As Trading Volumes Tumbled in June: Report
Trading volumes plunged more than 40% in June across multiple cryptocurrency exchanges as tokens move sideways through a two-month correction. Following a storm of bad news for the cryptocurrency space, June trading volume dropped more than 40% on major exchanges such as Coinbase, Kraken, Bitstamp and Binance, according to data from the London-based researcher CryptoCompare. …
Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K
Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range. BTC/USDT 4-hour chart. Source: TradingView The price of Ether (ETH) also fell under pressure …
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21Shares partners with German brokerage to offer crypto ETPs for savings accounts
Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts. The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such …
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Dogecoin, Shiba Inu coin lead losses as crypto volume dumped 43% in June
Data on crypto exchange trading volumes show a fall of more than 40% in June. Some attribute this to the regulatory crackdown by Chinese authorities. As a hangover from this, the past few weeks have seen markets ranging. But a dip yesterday has set off more bearish sentiment, as the Fear and Greed Index slid …
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How to build a profitable industrial-scale Bitcoin mining operation
So you want to build an industrial-scale Bitcoin mining farm, or scale up a smaller operation. Chances are you’re being forced to make the decision, too: Either scale up and become more competitive with other mining operations or have someone else mine for you by outsourcing or pooling — or stop mining altogether. Over the …
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New York Fed Survey Shows Inflation Expectations Highest Ever Recorded
American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing bubble in the U.S. are on the rise. New York …
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Whale From 2012 Transfers 740 Bitcoin Worth $26M After BTC Sat Idle for 9 Years
On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700. Old School Whale Moves 740 ‘Sleeping Bitcoins’ …
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Oldest US Bank BNY Mellon to Provide Grayscale Bitcoin Trust With Asset Servicing and ETF Services
Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank …