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Goldman Sachs analysts said yesterday that Bitcoin cannot yet be seen as digital gold, on account of the cryptocurrency’s massive energy demands. Competition from other cryptocurrencies and a worrying lack of use cases were also cited as concerns in a research note released by the bank. As a result, the report claims, it is therefore “too …
Continue reading “Goldman Sachs: Bitcoin’s Energy Problem Undermines Idea Of Digital Gold”
US Federal Reserve Chairman Jerome Powell has once again touched on the topic of central bank digital currencies (CBDCs), stressing that when it comes down to a potential “digital dollar,” he prefers to see a weighted approach to how and when it should be implemented. Speaking to CNBC on Wednesday, Powell said that “CBDCs are …
Continue reading “Fed Chairman on CBDCs: ‘More Important to Do It Right Than to Do it Fast’”
Tether, the most widely traded crypto asset in the market (even more than Bitcoin), yesterday hit the $50 billion mark in terms of market cap. It’s an impressive milestone for the controversial stablecoin: just in February it stood at $30 billion. What’s more, there’s now more Tether (USDT) being used on Tron’s blockchain than on …
Continue reading “Why There Is Now More Tether on Tron Than Ethereum”
The Office of the Comptroller of the Currency (OCC) is one of the less glamorous federal agencies. But the office, which oversees the country’s biggest banks, has gained new prominence in recent years due to questions over how to integrate fintech and cryptocurrency firms into the banking system. Now there’s a quiet fight over who …
Continue reading “Biden’s Rumored OCC Pick Is a Bitcoin Skeptic”
While Europe and the US grapple with more bad news around COVID, Bitcoin’s doing its thing again. Overnight, BTC surpassed the $35,000 mark, and at the time of writing, is holding. The push seems to be linked to an explosion in trading volume. According to data site Nomics, in the past 24 hours, Bitcoin’s volume …
Continue reading “Futures Traders Fear Correction as Bitcoin Hits Another ATH”
Cross border payments firm MoneyGram yesterday issued a statement in light of the Securities and Exchange Commission’s (SEC) recent action against Ripple. Earlier this week, the SEC charged Ripple—the firm behind the cryptocurrency XRP—with raising $1.3 billion in an unregistered securities offering. The SEC alleges Ripple raised these funds through unregistered XRP sales to investors …
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The holiday season might have put Square Crypto in a giving mood, as the firm has awarded its fifth Bitcoin developer grant of December alone. This time around, the grant went to Leon Johnson, a London-based developer of Bitcoin-related technology. Johnson told Decrypt that the grant is for $100,000 and that it will help fuel …
Continue reading “Square Crypto Grants $100K to Bitcoin Dev Simplifying Key Management”
Liron Shapira, CEO of coaching website Relationship Hero and an early investor in Bitcoin and Coinbase, said that his introduction to the cryptosphere was a combination of luck, opportunity, and his personal investment thesis. During the latest episode of the Pomp Podcast hosted by Morgan Creek Digital Assets co-founder Anthony Pompliano, Shapira noted that he …
Continue reading “Early Coinbase Investor Discusses Buying Bitcoin in 2011”
Grayscale has temporarily halted investments into six of its trusts, among them its Bitcoin and Ethereum Trusts, just a few days after Bitcoin prices broke $20,000 and surged to new all-time highs. Investment management firm Grayscale no longer accepts investments in trusts tracking the performance of Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, and its …
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A viral marketing campaign has sprung up in Warsaw, the capital of Poland. Plastered across metro stations is the message, “SOLVE THE PUZZLE, CLAIM THE REWARD.” The poster then points commuters to an Ethereum address that contains the reward, 7 ETH, as well as hash tags #0xPOLAND and #0xPOLANDHEIST. The Twitter account that appears to …
Continue reading “Mysterious Ethereum Ad Offers Reward for Solving This Puzzle”
Craig Wright has had a motion to prevent Andreas Antonopoulos, a well known Bitcoin author, from reading out the content of 145 messages—signed by blockchain addresses—that claim Wright committed fraud. “Craig Steven Wright is a liar and a fraud. He doesn’t have the keys used to sign this message,” they read, ending on the note, …
Continue reading “‘Prejudicial’ Bitcoin Messages Won’t be Heard in Craig Wright Lawsuit”
