Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest “real use potential” is Ethereum, suggesting its ETH could become the dominant digital store of value. As such, Goldman predicts the total market capitalization of ether (ETH) could overtake the total market cap for Bitcoin (BTC) in the coming …
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Crypto-focussed Swiss bank, Sygnum Bank, has announced it has become the first bank in the world to allow its clients to stake Ether. According to the July 6 blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to seven percent annually. Sygnum describes itself as …
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Chinese banks have begun a hard sell of digital yuan wallets, asking staff to recruit hundreds of new users each year. According to a translation of a June 6 article from Shenlian Caijing, employees of top banks such as the Industrial and Commercial Bank of China and the Bank of Communications, along with four other …
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Popular crypto strategist and trader Michaël van de Poppe says five altcoins are showing signs of life after enduring the marketwide collapse in May. Van de Poppe tells his 350,500 followers on Twitter that he’s watching the price action of decentralized application (DApps) platform Solana (SOL) as it looks to either breach resistance at $35.00 …
Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.30 …
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Last month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc. The U.S regulator said it would seek more public consultation on the matter before making a decision. That makes 13 Bitcoin ETFs currently pending approval, according to Market Insider. Some fund managers say this …
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Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Ripple’s (XRP) CTO David Schwartz turned to Twitter, calling for freedom of choice as the repercussions of the recent announcement made by the country’s financial watchdog keep unraveling. Pointing out the …
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On June 12, the crypto community celebrated the fact that the Bitcoin network locked in Taproot support in order to activate the largest upgrade the protocol has seen in four years. 24 days later, Taproot support via Bitcoin nodes has only reached 27.55% and upgrade supporters are pleading with the community to update their nodes. …
sponsored Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone. The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin EURS can be minted natively on Free …
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which his company lost a significant amount of bitcoin. More …
After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises After Data Shows Central Bank Gold …
The popular crypto analyst and host of Coin Bureau is outlining why he thinks concerns and criticisms surrounding Tether and stablecoins are generally overblown. In a new video, the pseudonymous analyst who goes by Guy names a few key reasons why Tether and stablecoins pose no significant risk to the crypto industry. ADVERTISEMENT Tether, the …
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Bitcoin’s recent dramatic sell-off could trigger a $100,000,000 impairment loss on Tesla’s Q2 financial records. After BTC’s drop from an all-time high of $64,800 to as low as $29,100, CNBC technology reporter Kate Rooney explains the electric auto giant will need to disclose this impairment loss in Q2. ADVERTISEMENT “Tesla will face what’s known as …
An ex-employee of the collapsed New Zealand-based cryptocurrency exchange Cryptopia says he stole about $177,000 in crypto from his employer. The theft of the digital assets took place months after the exchange suffered a hack in January of 2019, an event that resulted in the loss of cryptocurrencies valued at over $17.7 million, according to …
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July 6, 2021 – Dublin, Ireland Astra Protocol, a revolutionary legal layer that brings unparalleled assurance to public blockchains, is excited to announce that the former European Commissioner for Trade, Phil Hogan, has joined its advisory board as an executive advisor. Phil has had an exceptionally successful political career. He brings a wealth of experience in …
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