Bitcoin rallies to $104.7K after Fed FOMC ‘nothing burger’ lines up with market expectations
Bitcoin futures traders liquidated shorts after today’s Fed FOMC comments aligned with the market consensus.
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World’s 5th Largest Bank Aims to Debut Blockchain Payment Network in 2020
Japan’s Mitsubishi UFJ Financial Group (MUFG) has officially announced it will launch a new blockchain-based payment system, according to a press release published on Feb. 12.The world’s fifth-largest bank is working on the project in partnership with United States content delivery network Akamai, with the aim to launch in H1 2020.Dubbed the “Global Open Network,”…

John McAfee Clarifies He Is Still Part of Ghost’s Ecosystem
McAfee continues to haunt the ghost ecosystem, despite abandoning its primary asset. Several days ago, technology pioneer and crypto advocate John McAfee departed his own privacy-focused asset, Ghost. He has since clarified, however, that he did not leave the endeavor entirely."I have not abandoned the Ghost privacy ecosystem, only the GHOST privacy coin," McAfee told…

Stoner Cats NFTs ‘fan crowdfunding’ not securities: SEC’s Peirce, Uyeda
SEC commissioners Hester Peirce and Mark Uyeda described the NFT sales as a "common phenomenon" in the world of creators. 146 Total views 1 Total shares The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity

Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea
“Art is not a thing, it is a way,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, the way is inspired by Bitcoin, its code, its philosophy and its imagery. In some cases, it’s even inspired by memes. Bitcoin has become a “lifestyle,” for some Bitcoin artists, that inspires their way of doing business,…

US Fed economists are exploring the “intrinsic” value drivers of CBDCs
Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic" value drivers of a digital dollar. 900 Total views 15 Total shares The Federal Reserve has broadened its research on central bank digital currencies, or CBDCs, in a new review that was posted to its website Monday.In a report titled,…

What can other algorithmic stablecoins learn from Terra’s crash?
The spectacular implosion of the Terra ecosystem in mid-May left the crypto industry scarred. Though there were some brave critics who understood just how thin the razor’s edge was for TerraUSD (UST) — now TerraUSD Classic (USTC) — I think it’s safe to say that most people didn’t expect Terra to fail so fast, so…

Blockchain Startup Launches App to Encourage People Stay at Home Amid COVID19
Israeli blockchain startup Orbs has come up with an idea to encourage people to self-quarantine by using a newly launched app. 1140 Total views 53 Total shares Crypto- and blockchain-focused companies around the world have been making efforts to support people amid the coronavirus pandemic, with some of them donating funds to nonprofits and providing…

Binance US on track to launch in all 50 states by 2021
‘100% coverage is our goal,’ said Binance US. New legislation may make it possible for Binance US, the American branch of crypto exchange Binance, to open its doors to all traders in every state by next year.According to a Sept. 15 tweet from Binance U.S. CEO Catherine Coley, the digital asset marketplace has just launched…