In the 1988 “Crypto Anarchist Manifesto,” engineer, author and cypherpunk Timothy C. May predicted a social and economic revolution enabled by technological developments, including high-speed networks, personal computers and satellites. Today, former Bitcoin core developer Jeff Garzik — now with SpaceChain — and others are making this vision a reality. Private crypto companies including SpaceChain, …
Continue reading “Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat”
William Cai, co-founder of investment firm Wilshire Phoenix, is the latest person to cast doubts on the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States in 2021. Speaking to Business Insider, Cai remarked that a Bitcoin ETF in 2021 is unlikely as he offered 2022 and 2023 as the earliest …
Continue reading “Bitcoin ETF not happening in 2021, says Wilshire Phoenix co-founder”
Financial services technology platform BitcoinIRA is seeing massive growth in transactions as investors flock to crypto for their retirement savings, according to a CNBC report. BitcoinIRA is a California-based firm that allows its clients to invest in crypto assets with the kind of tax breaks that come with an individual retirement account (IRA). ADVERTISEMENT …
Blockchain Australia, a major association representing the local cryptocurrency industry, has officially introduced its crypto regulation recommendations to the federal government. The association filed a submission to the Senate Select Committee on Australia as a Technology and Financial Centre last Friday, calling the government to provide a safe harbor for local crypto service providers. Pointing out …
Continue reading “Blockchain Australia calls the state for crypto safe harbor”
Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs. Speaking to the Financial Times, Ellis remarked that the utility of crypto comes from its volatility, thus presenting the asset class as a viable trading opportunity. According to the CEO of the world’s largest …
Continue reading “Cryptocurrency is ‘pure trading instrument,’ hedge fund CEO says”
Alongside cryptocurrency’s decade-long adoption drive, the momentum behind the installation of crypto ATMs continues across the globe. Based on Coin ATM Radar’s latest data, crypto ATM installations in 2021 have witnessed a spike of 71.73%, pulling up the numbers from 13,993 on Jan. 1 to 24,030 at the time of reporting. Last year, the global …
Continue reading “Global crypto ATM installations have increased by 70% in 2021”
Arak Sutivong, CEO of SCB 10X and the president of Siam Commercial Bank (SCB), has offered an insight into how one of the largest venture capital funds in Southeast Asia views the future of decentralized finance (DeFi) when it comes to the contentious question of regulation. SCB 10X is the venture arm of SCB, Thailand’s …
Continue reading “DeFi cannot be fully regulated, Siam Commercial Bank president says”
Crypto analyst and trader Michaël van de Poppe says one under-the-radar altcoin is poised for a massive surge. The closely followed analyst tells his 356,000 followers that he’s convinced layer-2 scaling platform Celer Network (CELR) is ready for exponential gains in its Bitcoin pair (CELR/BTC). ADVERTISEMENT “I’m still convinced that CELR is ready for …
Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has no interest in nurturing the cryptocurrency industry. Considering his collisions with the Chinese government during his stint in running China’s first crypto exchange BTCChina, Lee …
Continue reading “China’s crackdown signals an oncoming crypto ban, Bobby Lee says”
Bitcoin (BTC) is nearing $40,000 this Monday as a new week gets underway with a bang for bulls. A calm but confident weekend culminated in a dramatic run-up overnight Sunday, with BTC/USD swiftly nearing the top of its multi-month trading range. With favorable fundamentals and a lot of liquidated bears, Bitcoin looks set to investigate …
Continue reading “BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week”
Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection. After introducing a 20x leverage limit for new users on July 19, Binance Futures is preparing to apply the same limit for existing users soon, Binance CEO Changpeng Zhao announced Sunday. “We …
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The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface. Uniswap Labs made the announcement on July 23, emphasizing that the tokens had been removed from the app interface only, and that the protocol remains immutable: “These changes pertain to the interface at app.uniswap.org — the …
Continue reading “Uniswap delists 100 tokens from interface including options and indexes”
Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users. The exchange, founded by crypto billionaire Sam Bankman-Fried (SBF), has reduced the maximum leverage available on the platform down to 20x, a significant reduction from its previous limit of 101x. In a July 25 tweet announcing the …
Continue reading “FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’”
The price of Bitcoin has surged more than 10% over just a few hours earlier today, with prices quickly surging from roughly $35,000 to tag just shy of $40,000 on July 26. Price action shows a violent short squeeze that occurred as prices broke above $35,000, with bullish momentum suddenly accelerating as prices quickly rallied …
Continue reading “BTC gains 15% in 3 hours amid tight squeeze”
Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other digital assets, according to a new survey conducted by Asia-Pacific cryptocurrency exchange Independent Reserve. Forty-three percent of the polled respondents said they owned cryptocurrency, with 46% planning to buy digital assets in …
Continue reading “43% of Singaporeans own crypto, according to Independent Reserve survey”
