Browsing: News

Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks. A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers. A working paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves”

FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court’s approval. As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic

In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates. Hong Kong-based crypto exchange AAX has reiterated that its suspension of withdrawals on the platform has nothing to do with the ongoing fallout from FTX’s collapse and rumors to the contrary are false.The crypto community

Bitcoin outperforms the Nasdaq, MakerDAO’s co-founder is found dead in Puerto Rico and the SEC Chair wishes Bitcoin a happy birthday. These stories and more this week in crypto. Bitcoin Outperformed NASDAQ Bitcoin reclaimed the $21,000 level following its initial fall after the Federal Reserve announced yet another rate hike. Week over week Bitcoin is

The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s

A major fiat currency is now as volatile as bitcoin, Walmart outlines a crypto strategy and Bitcoin enters the Guinness Book of World Records. These stories and more this week in crypto. The British Pound is as Volatile as Bitcoin Amid the United Kingdom’s political and economic turmoil, Bitcoin’s 30-day price volatility is now almost

The leaders of the Bitcoin Charlotte meetup group put on the spooky HODLween event as a fun way to connect locals with the wider Bitcoin scene.This is an opinion editorial by Chris Alaimo, the multimedia producer and host of Bitcoin Magazine’s Twitter Spaces.It was a dark and cold night in the midst of the bear

Sharing his opinion around crypto regulations, Buterin spoke against the regulations that have an impact on the inner workings of a crypto ecosystem. The co-founder of Ethereum (ETH), Vitalik Buterin, believes that the crypto ecosystem needs to mature and be in tune with the regulatory policies that allow crypto projects to operate internally freely.Sharing his

The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.” Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion

Advisory firm Teneo argued that standard methods to contact the Three Arrows Capital founders have failed, and is now looking for other ways to subpoena them. Liquidators for Three Arrows capital (3AC) have asked a U.S. court to grant them permission to subpoena the embattled crypto hedge fund’s founders through “alternative means.”To this date, the whereabouts

Binance’s blockchain is hacked, Celsius leaks user data in a court filing and Satoshi’s long-lost Bitcoin code is found.  These stories and more this week in crypto. Binance’s BNB Blockchain Hacked Hackers have stolen around $600M worth of BNB tokens from Binance. Hackers targeted Binance Bridge, a cross-chain bridge that allows for the transfer of

By adopting bitcoin, the Benedictines of Mary, Queen of Apostles from Kansas City were able to build their church and focus on preserving Catholic traditions.This is an opinion editorial by Andy Flattery, a certified financial planner.An observer of modern culture paying even the slightest attention might aptly compare today’s world to the Roman Empire in

Decentralized identities would open Web3 to a range of services requiring personal information and allow platforms to offer tailored products, according to the CEO of Quadrata. Decentralized identity (DID) and compliance services will become a “key infrastructure” to the success of decentralized finance (DeFi) and the transition of real world financial assets onto the blockchain

Nonfungible tokens are about more than Bored Apes. They fulfill a host of functions better than existing systems. Some critics deem nonfungible tokens (NFTs) to be totally worthless. They don’t see the point. Why should they? The industry hasn’t covered itself in glory with countless rug pulls and celebrity endorsements with prompt pump-and-dumps.But, this is

Solana NFT volume surged to $130 million in September and Gary Vaynerchuck’s VeeFriends are set to be released as collectibles at Macy’s and Toys “R” Us. Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.”The team revealed seven council members in an Oct. 5

The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months. The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin holdings.The DOJ is asserting that the state of