[ad_2][ad_1] Traders began discarding tokenized bitcoins. The US Treasury Department will keep a watchful eye on digital innovations. And trading volumes on OKEx plummeted. Upper shelf Forced burnDavid Schwartz, Ripple’s Chief Technology Officer, tweeted that the community could force the community to burn billions of protocol XRP native tokens held …
Read More »Blockchain Bites: Bitcoin’s Edge as a Hedge and Crypto’s Reaction to the STABLE Act
[ad_2][ad_1] At stake A destabilizing act?Crypto Twitter, like the US Congress, is widely divided between warring factions and internal groups. But for once it seems unified. A bill was enough to further regulate issuers of stablecoins, the so-called STABLE Act. The Stablecoin Tethering and Bank Licensing Enforcement (STABLE) law would …
Read More »Blockchain Bites: Record-breaking “ active ” Bitcoin users as Wall Street ponders mass adoption
[ad_2][ad_1] Hi everyone, I thought I’d try something different in today’s edition of Blockchain Bites. Yesterday and today we saw a flurry of news that seemed disparate and disconnected, but could actually tell a bigger story about changing institutional attitudes towards bitcoin and cryptocurrency, in general. Executives at PayPal and …
Read More »Blockchain Bites: Ethereum 2.0 Beacon Chain Ships, Libra Rebrands, “Bitcoin” Google Searches on
[ad_2][ad_1] Ethereum 2.0 has reached an important milestone with the launch of its “Beacon Chain”. Libra “seizes the moment” and changes the brand to Diem. Google searches for “bitcoin” have doubled since last month. Upper shelf Coinbase MicroStrategyMicroStrategy revealed Coinbase as the platform that executed its $ 425 million BTC …
Read More »Blockchain Bites: $ 8M stolen from Aussie Hedge Fund; China pushes CBDCs; Gaming Blockchain Boost; Repression of Hong Kong’s digital exchange
[ad_2][ad_1] Monday, the Australian Financial Review reported that Levitas Capital, a Sydney-based hedge find, was the target of a fake Zoom invitation opened by one of the fund’s co-founders Michael Fagan or Michael Brookes. After sending the fake invitation to Zoom on September 10, 2020, the hacker was able to …
Read More »Blockchain Bites: Coinbase Cuts Margin Trading, Binance Sweeps US Clients, OKEx Offers Discounts
[ad_2][ad_1] Coinbase reduces margin trading. Binance wipes out US clients. OKEx is offering discounts to customers affected by its five-week hiatus. Upper shelf Tax modificationCoinbase will no longer send customers 1099-K, the US tax form that led the Internal Revenue Service (IRS) to mistakenly think that traders had underestimated their …
Read More »Blockchain Bites: Fully loaded Ethereum 2.0 deposit agreement, IRS sends confusing letters – again
[ad_2][ad_1] More than 500,000 ETH have been blocked and loaded into the Ethereum 2.0 deposit agreement, kicking off the main multi-year development phase of the network. JPMorgan analysts say institutions are piling up in bitcoin. And the IRS has again sent (possibly incorrect) letters to cryptocurrency traders stating that they …
Read More »Blockchain Bites: XRP’s Rally, Chainalysis’ $ 1B Valuation, Bitcoin’s Volatility in Perspective
[ad_2][ad_1] The US government is using Circle’s USDC to bypass Venezuelan blockades. Chainalaysis is looking to raise $ 100 million in fresh equity with a $ 1 billion valuation. Billions of dollars from institutional players are flowing into Coinbase. And VanEck found that bitcoin is less volatile than a quarter …
Read More »Blockchain Bites: BlockRock Exec Says Bitcoin Is ‘Here To Stay’, Investors Load Into BTC Puts
[ad_2][ad_1] Leading bitcoin miners are reporting their support for the network’s Taproot update. Institutional buyers are loading up on BTC puts, Deribit analysts say. Goldman Sachs thinks the “digital yuan” could be in a billion hands in a decade. Upper shelf BlackRock SquawksA senior BlackRock executive, in charge of where …
Read More »Blockchain Bites: Brazilian CBDC, Uncle Sam seizes one billion Bitcoin; Big trouble for Bigatton, read Swift Swiss Blockchain
[ad_2][ad_1] Bigatton Bigatton with the Bogus BitConnect scam pursued by ASIC The Australian Securities and Investment Commission (ASIC) in partnership with the US Federal Bureau of Investigation and the Office of the Crown Prosecutors have charged John Bigatton, the Australian promoter of the infamous $ 2.6 billion BitConnect offering, of …
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