Bitcoin braces for Fed’s Powell as $61K BTC price eyes next breakout
BTC price frustration may find some relief as Bitcoin traders’ hopes increase of the Fed cementing interest rate cuts at the Jackson Hole summit.
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To Accelerate Cryptocurrency Adoption, We Must First Improve User Experience
Only with increasing difficulty can one recall a time when the majority of the world was yet to adopt the internet. In 1995, user adoption of the internet had only reached 10% of American households, five years after the very first web browser was launched. Another five years later, in the year 2000, 50% of…

VanEck: 4 Reasons Why Bitcoin Improves Investment Portfolio Upside
Major United States investment management firm VanEck has listed four reasons why Bitcoin (BTC) improves an investment portfolio upside.On Oct. 8, VanEck released research titled “The Investment Case for Bitcoin,” aiming to determine what role the cryptocurrency can play in an investment portfolio. According to VanEck, a firm that attempted to list a Bitcoin-based exchange-traded…

Bitcoin defense lawyer says Craig Wright lawsuit could harm open source software
Jessica Jonas, chief legal officer of the nonprofit Bitcoin Legal Defense Fund, discussed the potential legal ramifications of a high profile lawsuit against Bitcoin core developers during the Bitcoin 2023 event in Miami on May 18.The case in question is a UK legal action filed by Craig Wright, the owner/operator of Tulip Trading. Wright’s perhaps…

Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO
Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4.The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the availability…

YouTube releases ‘principles’ for working with music industry on AI tech
The streaming platform revealed three key principles it will abide by as it works with major figures in the music industry to better grasp AI technologies. 98 Total views 3 Total shares YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology, on Aug. 21. The CEO of YouTube,…

Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold
The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies. Testifying before the Senate Banking Committee on July 11, Fed Chairman Jerome Powell gave his analysis of whether a cryptocurrency system with global prevalence could diminish — or even go so far…

Nifty News: OpenSea adds Avalanche, Meta has legs, DeGods takes 0%, and more…
Solana NFT project DeGods has removed royalty fees and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out. 197 Total views 30 Total shares

Visa Works on Blockchain System for Joint Computation of Large-Scale Private Data
International payment network Visa is working on a blockchain-based system for joint policy-compliant computation of large-scale private data.Visa Research — the research and development arm of Visa that focuses on data analytics, security and payment innovation — released a paper describing a blockchain-powered system for policy-compliant computing. The system is dubbed LucidiTEE, where TEE stands…