intermediate Have you ever wondered how technology can revolutionize the agriculture and food industry? With blockchain, the possibilities are endless. Blockchain technology has been making waves in the financial sector, but its potential reaches far beyond that. The agriculture and food industry is one area that could greatly benefit from the implementation of blockchain technology. From enhancing supply chain transparency…
Bitcoin is giving fresh bullish signals on low timeframes, leading to hopes that BTC price action may ditch its recent corrective phase. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-trader-predicts-end-of-dip-within-weeks-as-btc-price-adds-3-5
Financial services firm Wells Fargo has reached a settlement in a class-action lawsuit, agreeing to pay shareholders $1 billion. The lawsuit alleged that the bank had misled its shareholders about its efforts to resolve the 2016 fake accounts scandal. A $1 billion all-cash settlement was granted preliminary approval by U.S. District Judge Gregory Woods in a Manhattan federal court. Another…
Ripple will participate in the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program by showcasing a real estate asset tokenization solution. The company will reveal its new CBDC platform at the same time. Ripple will partner with Taiwan’s Fubon Bank and others to demonstrate equity release with tokenized assets using a…
Synthetix’s native token SNX is off to a heady start Thursday morning, rising by around 10% overnight. It now trades at $2.42, per CoinGecko, up 9.3% on the day. Despite today’s bullish impulse, the token is still down more than 91% from its all-time high set in February 2021. The token doubles as a governance tool, letting users vote on…
Bitcoin (BTC) held a snap rebound on May 18 as analysts hoped that further upside would come next. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price sustains knee-jerk move higher Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it circled $27,400 on Bitstamp. The pair had made swift gains toward the prior day’s Wall Street open,…
The U.S. Bankruptcy Court for the Southern District of New York has cleared the way for the bankrupt Voyager Digital to begin reimbursing its creditors. As reported by Reuters, Judge Michael Wiles approved the firm’s liquidation plan, allowing Voyager to return approximately $1.33 billion in crypto to customers. “At today’s hearing, the Court approved the liquidation procedures. We are working…
Two prominent crypto asset managers, namely Grayscale and Bitwise, have put a halt on their ETH futures exchange-traded fund (ETF) plans amid growing scrutiny from United States regulators. Grayscale filed an amendment to its Securities and Exchange Commission filing on May 17 to remove mentions of Ethereum futures ETF. The amendment comes just within a week of sharing plans to…
The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying it believes its underlying asset is a security. Source: https://cointelegraph.com/app/public/index.php/news/sec-filecoin-is-security-grayscale-investors
The Australian digital dollar was used in a trade for a United States dollar stablecoin using an Ethereum layer-2 blockchain. Source: https://cointelegraph.com/app/public/index.php/news/australia-uses-cbdc-in-fx-transaction-pilot-test
