Despite a rocky few weeks since its announcement, the team behind EthereumPoW (ETHW), a proof-of-work splinter from the Ethereum Blockchain, has finally announced plans to launch its hardfork soon after the Ethereum Merge on September 15. “ETHW mainnet will happen within 24 hours after the Merge,” the @EthereumPow Twitter account posted. “The exact time will be announced 1 hour before…
Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees unwaning institutional demand for cryptocurrency despite market sell-offs,…
The total size of tokenized illiquid assets, including real estate and natural resources could reach $16.1 trillion by 2030, according to the Boston Consulting Group (BCG). In a newly released report from BCG and digital exchange for private markets ADDX, authors including BCG managing director Sumit Kumar and ADDX co-founder Darius Liu noted that “a large chunk of the world’s…
This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30. (Source: Photo by John Webb on Unsplash) Privacy is an essential human right that is now being taken for granted. It’s not about having something to hide, but about exercising…
U.S. Treasury Secretary Janet Yellen has warned that gas prices could rise again this year. “It’s a risk that we’re working on the price cap to try to address,” she stressed. “Our price cap proposal is designed to both lower Russian revenues … while also maintaining Russian oil supplies that will help to hold down global oil prices.” Janet Yellen…
United States-based trade group Blockchain Association announced Monday that it had formed a political action committee, to be called BA PAC, thus joining an industry trend to attempt to exert greater influence on candidates as they approach the midterm elections in November. The Blockchain Association, founded in 2019, has 90 members, according to its website, which include many of the…
In brief The price of Terra’s LUNA has fallen 38% since last Friday’s sudden surge. LUNA Classic (LUNC) has also dropped significantly, but both coins have still gained a lot of value over the past week. Terra’s LUNA mooned late last week, as the rebooted version of the crypto token surged 247% early on Friday. But while the token has…
This is an opinion article by Tone Vays, Analyst and Derivatives Trader, Founder of Unconfiscatable and The Financial Summit.As the fifth annual BitBlockBoom came to a close, founder and organizer Gary Leland sat on stage reflecting on the challenging road taken over the past two years leading to a record crowd of over 600 Bitcoiners: “During COVID-19 I personally wanted…
Fidelity customers may soon be able to buy Bitcoin via the company’s brokerage platform, according to The Wall Street Journal. Boston-based investment giant Fidelity, which manages over 34.4 million retail accounts and is one of the world’s biggest fund managers, is evaluating whether to offer Bitcoin to its individual investors, the newspaper reported Monday. The Journal added that the company…
Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets. In a Monday announcement, Abra said the bank, named Abra Bank, would be regulated to operate within the U.S. and give customers the ability to use digital assets in seemingly the same way as fiat at traditional…
