Bitcoin was the first asset to price in the Iran war, as it was the only liquid market open when the United States and Israel launched their first attack on a Saturday a few weeks ago. It fell 8.5% that day. Two weeks later, it outperformed gold, the S&P 500, Asian stocks and the Korean […]
The Ethereum Foundation (EF) said it has completed the sale of 5,000 ether (ETH) in an over-the-counter transaction with one of the leading crypto treasury companies, Bitmine Immersion Technologies. The sale was completed at an average price of $2,042.96 per ETH, the Foundation said, estimating the value of the transaction at approximately $10.2 million. The
Ethereum Foundation sells 5,000 ether to BitMine in $10.2 million OTC deal Read More »
The ongoing war in the Middle East has not only disrupted flow through the Strait of Hormuz, but it has also affected a plethora of high-profile trade events in the region, including major crypto conferences. TOKEN2049 Dubai, one of the world’s largest crypto conferences, will not take place this year. Organizers said the event, originally
Iran War Cancels Crypto Events, Damages Multimillion-Dollar Formula 1 Partnerships Read More »
The blockchain trilemma reared its head again at the Hong Kong Consensus in February, to some extent putting Charles Hoskinson, the founder of Cardano, in the background – having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure are not a risk for decentralization. It was pointed out that large blockchain projects need
Hoskinson could be wrong about the future of decentralized computing Read More »
Former British Prime Minister Boris Johnson called out Bitcoin BTC$70,587.66 a “giant Ponzi scheme,” prompting a quick rebuttal from strategy chairman Michael Saylor and others online. In a column published in the Daily Mail and posted on the social media platform He recalled a story from his Oxfordshire village about a retired man who handed
Boris Johnson calling Bitcoin a ‘Ponzi’ draws rebuttal from Michael Saylor and others Read More »
Wall Street is rushing toward tokenized stocks and 24/7 trading, but many institutional investors are wary of the instant settlement model. Tokenization refers to the representation of traditional assets such as stocks on blockchain networks. In theory, this approach could modernize decades-old market infrastructure, allowing securities to move and settle instantly while potentially enabling 24/7
Wall Street is pushing tokenized stocks, but institutions aren’t eager to trade them Read More »
It’s not out of the question that Strategy (MSTR) will own 1 million bitcoins – or almost 5% of the 21 million bitcoins that will ever be created – by the end of 2022. The company currently holds 738,731 BTC, meaning it would need to acquire an additional 261,269 BTC to reach this milestone. With
Here’s how it could happen this year Read More »
Brazil’s leading cryptocurrency and fintech industry groups have warned that extending a financial transaction tax to stablecoin operations could harm innovation and violate existing law. In a joint statement shared with CoinDesk, industry associations ABcripto, ABFintechs, Abracam, ABToken and Zetta said recent discussions about extending a financial operations tax (known locally as Imposto sobre Operações
Brazilian industry giants representing 850 companies denounce stable tax threat Read More »
To get a sense of the importance of AI-driven trading for crypto, ask entrepreneurs and developers involved in digital assets, especially stablecoins. They will be happy to tell you that blockchain-based money is the natural solution, an essential part of the mix, etc. Their logic is simple. Over the past few years, stablecoins – primarily
Two weeks after the start of a war in the Middle East, bitcoin is higher than where it started. The largest cryptocurrency was trading at $71,000 on Saturday morning, down 0.7% in the past 24 hours after the United States bombed military targets on Kharg Island, Iran’s main crude export facility. The reversal from Friday’s
Bitcoin Holds $71,000 as Trump Warns of Iran Oil Strikes Read More »
