BLOCKCHAIN

Coinbase to Custody FTX’s Exchange Token

[ad_1] Coinbase has announced that it will provide custody services for the exchange token of the Binance-backed crypto derivatives platform FTX (FTT) on May 22.Coinbase Custody will comprise the primary custodian for the ERC-20 token, managing custody, compliance, and insurance for the FTT tokens.Coinbase stated that FTX is its “largest exchange client to-date.”The exchange noted that crypto watchers may notice large FTT transfers taking on the blockchain over recent and
Business

Reddit’s Co-Founder Believes We Are In ‘Crypto Spring’

[ad_1] Reddit co-founder Alexis Ohanian has described the virtual currency ecosystem firmly sitting in “crypto spring,” emphasizing the strength of development surrounding meaningful applications for blockchain technology.In an interview with Yahoo Finance published May 23, Ohanian stated: “We really do see a crypto spring right now in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain.”“We’re seeing really top-tier talent building on this infrastructure
EXCHANGES

Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

[ad_1] Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for using BTC in financial transactions. People will also be penalized for buying crypto with
EXCHANGES

Reddit CEO: Bitcoin Is “Here to Stay” Because of Wall Street Involvement

[ad_1] When Bitcoin crashed to $3,700 in March on the back of a global liquidation in financial markets, there were many throwing in the towel. At the time, there were prominent analysts calling for the cryptocurrency to fall under 2018’s lows, while critics doubled down on their assertions that BTC was a “scam” and an “asset for criminals.” Just two months later, a prominent Silicon Valley entrepreneur and investor has
ALTCOIN

Stablecoin Race to Begin When Wall St Embraces DeFi

[ad_1] Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo.However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto industry currently does not offer a killer app that is driving adoption from outside of the virtual currency community.Inter-stablecoin
Business

Bitcoin Investment App CEO Calls BTC a Monetary Revolution, Not a Technical One

[ad_1] What needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option?"Time," Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cointelegraph in an email. "This is NOT a technological revolution," he clarified, adding:"It’s a monetary revolution - which takes (traditionally) centuries to manifest, whilst in the digital age, Bitcoin is likely to do it in decades." Bitcoin rising despite instabilitySince
EXCHANGES

Bitcoin Must Hold $9,000s or Bulls Will Have to “Throw in the Towel”: Analyst

[ad_1] From the $8,800 lows seen on Thursday, Bitcoin has registered a healthy rebound, recently retaking $9,200. While this bounce off the lows has made many traders optimistic, the cryptocurrency remains on the edge of a cliff, a new analysis suggests. That’s to say, should prices fall or stagnate from here, BTC may find itself in a serious downtrend. Bitcoin Must Hold Low-$9,000s For the past eight weeks, Bitcoin has
BLOCKCHAIN

Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers

[ad_1] Bitcoin (BTC) mining has become a multibillion-dollar industry. Pools, manufacturers and farms contribute to the growth and professionalization of the space. Financial service companies bring institutional-grade products and capital that increases liquidity for the biggest operators.There’s a fundamental shortage of United States dollars available relative to the overall demand when the sector encounters certain market conditions. The dollar shortage is one of the contributing factors to volatility in the
EXCHANGES

Carl Menger: The Nature and Origin of Money

[ad_1] In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most obvious of these opportunities. **The following essay was written by the father of Austrian Economics, Carl Menger, and was published in 1892. “The
Business

Coldplay Bassist Dives into Bitcoin App World

[ad_1] Scottish Coldplay bass artist, Guy Berryman, has joined the crypto space, funding a Bitcoin (BTC) exchange application called Zumo.“Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this one," Zumo CEO and founder Nick Jones told the Edinburgh News. The app is a basic avenue into Bitcoin Zumo touts