Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data analyst Material Scientist warned that significant downside may still return to Bitcoin price action. “Now we wait” Despite showing stength since bouncing at $39,600, BTC/USD…
In brief A proposed law would bar the Fed from giving CBDC accounts to consumers. The bill’s sponsor Rep Tom Emmer says CBDCs pose a threat to privacy. Rep. Tom Emmer (R-MN) proposed a law on Wednesday that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. Emmer’s bill comes at a time…
Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) and Propy (PRO) are launching on Coinbase Pro Starting Today, Wednesday January 12, transfer INV, LQTY, NCT AND PRO into your Coinbase Pro account ahead of trading. Support for INV, LQTY, NCT AND PRO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will…
As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain experience. Since getting acquainted with Polygon…
In brief Apparel retailer The Gap is launching Tezos-based NFT collectibles. Some of the NFTs will include a limited edition physical hoodie. Last month, it was athletic apparel brand Adidas making a big play for NFTs and the metaverse, and now clothing retailer The Gap is following suit with its own series of NFT collectibles—some of which include exclusive apparel.…
Starting today Goldfinch Protocol (GFI) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store GFI in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Goldfinch Protocol (GFI) is an Ethereum token that governs Goldfinch, a…
Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. are facing a class-action lawsuit over their promotion of Ethereummax and the EMAX cryptocurrency token. The celebrities’ “improper promotional activities generated the trading volume needed for all the defendants to offload their EMAX tokens onto unsuspecting investors,” the lawsuit alleges. Kim Kardashian and Floyd Mayweather Jr. Sued Over Crypto…
dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing their intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of this calendar year. The platform currently runs on a hybrid model whereby a portion of operations are decentralized, most notably staking and governance, while other components such as the off-chain…
El Salvador President Nayib Bukele has cost the country money by betting on Bitcoin, according to calculations made by Bloomberg. Relying solely on Bukele’s frequent Twitter announcements that he bought Bitcoin, the Salvadoran president has bought 1,391 Bitcoin. Those purchases—according to Bloomberg—cost approximately $71 million based on an average price of $51,056 per Bitcoin. Assuming the government is still holding…
Seba Bank, a Swiss-based digital assets banking platform regulated by the Swiss Financial Market Supervisory Authority, announced on Wednesday that it had completed a successful Series C funding round of 110 million Swiss franc, or $119 million U.S. dollars. Notable investors in the round included cryptocurrency exchange FTX, quantitative digital currency trading firm Alameda Research, decentralized finance asset management firm DeFi…
