Is Bitcoin a “risk-on” or “risk-off” asset? Analysts at the world’s largest asset manager BlackRock say the leading digital currency qualifies as neither. In a PowerPoint document shared Wednesday, BlackRock said its clients largely view Bitcoin as insurance against a possible U.S. debt crisis, and that Bitcoin has “little fundamental exposure” to the macro variables that affect other asset classes.…
Month: September 2024
SEC Charges Defi Platform Rari Capital and Founders
Defi Platform Rari Capital and Founders” style=”float:left;margin:0 15px 15px 0″ />The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals involved, with violations stemming from unregistered securities offerings and deceptive practices. SEC…
Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support. Source: https://cointelegraph.com/news/ethereums-value-accretion-narrative-under-duress-after-19-drop-in-eth-dapp-volumes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance exec’s mother pleads with US gov’t to secure his release
Detained in Nigeria for more than six months and with reported deteriorating health, Tigran Gambaryan likely won’t return to court until Oct. 9. Source: https://cointelegraph.com/news/binance-tigran-gambaryan-united-states-release-nigeria?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC settles with Rari Capital over DeFi pools, unregistered broker activity
The regulator charged the former DeFi protocol and its co-founders for allegedly misleading investors and unregistered broker activity involving its pools. Source: https://cointelegraph.com/news/sec-settles-rari-capital-over-de-fi-pools-unregistered-broker-activity?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Hater Jamie Dimon Brags That JPMorgan Is a ‘Real’ Blockchain User
JPMorgan Chase boss Jamie Dimon may not like Bitcoin or cryptocurrency—but his bank is one of the “bigger users” of its underlying technology. Billionaire banker Dimon said Tuesday that his bank—one of the largest in the world—was one of the biggest “real” users of the blockchain. “[JPMorgan Chase] is probably one of the bigger users of blockchain. A real user—an…
Chainlink’s Sergey Nazarov predicts asset tokenization will transform Web3
Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out. Source: https://cointelegraph.com/news/tokenized-real-world-assets-surpass-cryptocurrencies?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Massive Twitter Hack Tries, Fails to Promote Crypto Scam in ‘Most Incompetent’ Hack of the Year
Hackers targeted a number of notable Twitter (aka X) users on Wednesday, apparently hijacking the accounts of brands and celebrities to post tweets pushing a dodgy meme coin. But the Solana token didn’t get much traction. Computer brand Lenovo’s India division, film director Oliver Stone, Yahoo News UK, and Brazilian soccer player Neymar Jr. were just some of the prominent…
World Banking Giants Join Project Agora to Reengineer Cross Border Payments
Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border settlement processes. Project Agora Gains Support From Private Banking Giants Project Agora, […] Source: https://news.bitcoin.com/world-banking-giants-join-project-agora-to-reengineer-cross-border-payments/
Longevity expert draws link between Bitcoin and anti-aging communities
According to The Longevity Foundation, nascent technologies such as artificial intelligence can also help solve the aging problem. Source: https://cointelegraph.com/news/longevity-expert-explains-link-between-crypto-community-anti-aging?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound