Bitcoin mining companies outperformed BTC price by a huge margin amid the recent bullish price action in the top cryptocurrency. The average year-to-date gains in 2023 across the stocks of top nine public Bitcoin mining firms by market capitalization stood at 257.14%. The figure is almost three times higher than BTC’s gain in the same period. The higher gains represent…
Institutional investors and long term Bitcoin holders are showing signs of improved bullishness, hitting highs on several important indicators, reported ARK Invest. According to a new issue of The Bitcoin Monthly, an “earnings report” that details on-chain activity, the balance of Bitcoin held on over-the-counter (OTC) desks has hit an all-time high. Nearly 8,000 Bitcoin are sitting on these desks,…
Global cryptocurrency exchange Binance has reached an agreement with Coinmerce to refer its users as the firm winds down operations in the Netherlands. In a July 6 blog post, Dutch crypto exchange Coinmerce said “hundreds of thousands” of users based in the Netherlands would be referred from Binance, giving them the choice of transferring their digital assets to the platform…
A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered cryptocurrency portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. Called CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” the AI system utilizes a training technique called “reinforcement learning” to implement on-chain data into its model.…
The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase. However, the sentiment quickly turned bullish after a crucial exchange-traded fund proposal was filed by the world’s largest asset management firm, BlackRock, on June 16. A wave of ETF fillings…
Collapsed crypto exchange FTX was flush with celebrity allies, including athlete ambassadors like Tom Brady and Shaquille O’Neal, but the now-bankrupt startup reportedly was on the verge of nabbing another superstar—musician Taylor Swift. And a new report suggests that it was actually FTX that pulled out of a planned sponsorship deal. The New York Times reports today that Taylor Swift…
On July 1, the popular discussion website Reddit took a ruinous step: Its application programming interface (API) — the tool that gives developers access to its rich store of data as they build and train applications — ceased providing free, open access. Going forward, it will be closed and, for some developers, too expensive to access. The Reddit community has…
Anti-money laundering (AML) rules are not a panacea for dealing with tax cheats and criminals who try to cover their tracks with crypto—but they’re a logical place to start, according to a paper published by the International Monetary Fund (IMF) on Wednesday. The paper was authored by members of the IMF’s Fiscal Affairs Department: Katherine Baer, Ruud de Mooij, Shafik…
The Federal Reserve Bank of New York’s Innovation Center (NYIC) has completed its proof of concept of a regulated liability network (RLN) in conjunction with nine large financial institutions and the Swift network. The project created theoretical infrastructure to exchange and settle commercial bank deposit tokens and central bank liabilities using distributed ledger technology and a simulated U.S. central bank…
Circle today announced a new programmable crypto wallet service for developers. The service will allow those building applications to “embed secure wallets within minutes.” Circle CEO Jeremy Allaire said on Twitter Thursday that Circle had “quietly released the first major milestone” of its Web3 Services arm. Web3 Services is Circle’s suite of tools for developers to “build delightful Web3 apps…
