The U.K. Competition and Markets Authority said it would examine AI’s development, deployment and social impact. Source: https://cointelegraph.com/public/index.php/news/uk-reviews-ai-development-it-can-drive-substantial-economic-growth
Month: May 2023
How are Bitcoin options traders positioning for the US banking crisis?
For the past 14 days, cryptocurrency markets have been trading within an unusually tight 7.1% range. In other words, investors are unwilling to place new bets until there’s additional regulatory clarity, especially in the United States. The total crypto market capitalization fell by 1% to $1.2 trillion over the seven days ending May 4, primarily as a result of Bitcoin’s…
A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023 – Finance Bitcoin News
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great consolidation’ in the banking sector, a recurring theme in the industry’s…
The truth about ETH founders split and ‘Crypto Google’ – Cointelegraph Magazine
There’s a narrative that’s grown up around Ethereum’s two most important co-founders, Joe Lubin and Vitalik Buterin, to explain how they went in different directions almost a decade ago. It suggests the pair fell out over the blockchain’s future direction, with the idealistic 20-year-old Buterin determined to turn Ethereum into a nonprofit foundation, while Lubin and others wanted to commercialize…
El Salvador school program hits 1 BTC in donations
There’s a beacon of light in the bear market tunnel. The El Salvador nonprofit program, “My First Bitcoin” (Mi Primer Bitcoin), raised over 1 Bitcoin (BTC) in donations-not from venture capitalists and investors–but from generous Bitcoin education advocates worldwide. Donations flooded in from Venezuelans, Poles and Canadians as 100s of people around the world sent Satoshis (small parts of Bitcoin)…
DeFi exec breaks down what it takes to attract institutions to staking
In an exclusive interview with Cointelegraph, Alluvial chief product officer Matt Leisinger discusses the impact of liquid staking on the crypto ecosystem. Source: https://cointelegraph.com/public/index.php/news/defi-exec-breaks-down-what-it-takes-to-attract-institutions-to-staking
Coinbase to Shutter Bitcoin Borrow Service Next Week
Coinbase, the leading cryptocurrency exchange in the U.S. based by volume, announced that it will be discontinuing its lending product, Coinbase Borrow, from next week. The company will stop issuing new loans from May 10, although current users of the product will not be impacted as their loans will remain active until their maturity. “We regularly evaluate our products to…
Businesses show interest in Web3, despite U.S. regulatory challenges
Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas, despite recent regulatory struggles around cryptocurrency adoption in the United States. The turnout at Consensus 2023 demonstrated that U.S.-based companies and international organizations are still very much interested in implementing Web3 technology into their business models. Caitlin…
DeFi exec breaks down what it takes to attract institutions to staking
In episode 18 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw sits down with Matt Leisinger, chief product officer at Alluvial — a software development company supporting the implementation of the Liquid Collective protocol — to explore the world of crypto staking and its potential to attract institutional investors. Leisinger explains the Liquid Collective and shares his thoughts on…
Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May – Economics Bitcoin News
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will supposedly demonstrate a turnaround in the economy of the country. Russia to Purchase Chinese Yuan for Reserves Russia will start purchasing Chinese…