Cyprus, a major international business center and tax haven, is warning investors against several suspicious websites offering foreign exchange and digital currency investment. The Cyprus Securities and Exchange Commission issued a warning against seven firms that have apparently been operating illegally. Published by the CySEC on Aug. 6, the warning document says that none of
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YAM, decentralized finance’s (DeFi) latest farm-fresh product, has never had a code audit. Yet, that’s not holding back traders from pumping the token’s price from zero to $138 in the 20 or so hours since it launched. The token now is trading hands at $126, according to YAMalytics. YAM by Yam Finance is a mishmash
In early July 2020, the total sales of nonfungible tokens, or NFT, hit $100 million. And that is just the start. As the DeFi market reached $4 billion in locked value and leading cryptocurrencies started their rally to yearly highs, we might soon see a hockey-stick growth pattern in the NFT space. Let’s have a
Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned. In a series of tweets on Aug. 12, Mike Belshe strongly urged investors to divert a minimum of 3% of their portfolio into Bitcoin. Belshe: investors will move from cash to
Our last post discussed the importance of smart digital asset regulation and why the U.S. is falling dangerously behind. We are encouraged that some U.S. agencies are acknowledging and welcoming the benefits of this new technology to consumers including the U.S. Consumer Financial Protection Bureau (CFPB) and banks like the U.S. Office of the Comptroller
Bitcoin’s turbulent price action over the past few days hasn’t offered too many insights into its near-term trend, as the crypto has yet to break above or below any key technical levels. Analysts are now pointing to the emergence of a highly bullish pattern that may have major implications on its near-term outlook. This ascending
Cryptocurrency pornography startup PornVisory is moving to a decentralized governance structure based on the (decentralized flexible organization) DFO standard. According to PornVisory, DFO governance will enable token holders to propose changes and vote on governance aspects that will be subject to community voting. Platform users will need to stack the platform’s PVY Ethereum-based tokens to
In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech
It’s no secret that women are underrepresented in the technology and financial industries. In the U.S, women only hold a quarter of computing-related jobs. Some sectors, like software engineering, fare even worse, with female representation as low as 15%. And now along comes blockchain, a technology that promises a global revolution through decentralization. Blockchain has
On August 11 the price of gold and silver showed some corrective movements, the same was seen in the cryptomarket. Bitcoin (BTC) dropped by $700 from $11,800 to $11,100 in one day, marking a short term correction. However, is the overall bullish momentum gone from the crypto markets? Given the strong surges from Chainlink (LINK)
The Linux Foundation, which supports open-source innovation in blockchain tech, launched the Linux Foundation Public Health Initiative (LFPHI) at the end of July. The LFPHI’s goal is to promote the use of open source by public health authorities, which can be scrutinized by anyone, to fight not just COVID-19 but future pandemics as well. Among
MicroStrategy has adopted Bitcoin (BTC) as its reserve currency — and stunned commentators by purchasing over 21,000 BTC on Aug. 11. The world’s largest publicly-traded business intelligence company has swapped fiat for Bitcoin as its treasury reserve asset, but the reasons behind it suggest that more big businesses will have no choice but to do
On August 11, 2020, the Electron Cash developer Jonald Fyookball announced that Cashfusion tiers have been expanded to allow 10x bigger coins to be fused. The announcement got the Bitcoin Cash community excited to “fuse with whales,” as the increase has been upped from 0.82 BCH to 8.2 BCH. Cashfusion is a type of coin
The Bolivarian Council of Mayors in Venezuela signed the so-called “National Tax Harmonization Agreement” for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions. The cryptocurrency is becoming increasingly widely used as the result of a new campaign. According to the government, the vice president
Jesus Rodriguez is the CEO of IntoTheBlock, a market intelligence platform for crypto assets. He has held leadership roles at major technology companies and hedge funds. He is an active investor, speaker, author and guest lecturer at Columbia University in New York. The terms “crypto” and “quant” seem to go perfectly together. Bitcoin and crypto
Today the open interest on Chicago Mercantile Exchange Bitcoin (BTC) futures reached a new all-time high at $841 million. Although this can’t be deemed bullish on a standalone basis, it does signal that professional investors’ interest in Bitcoin continues to grow at an immense rate. CME Bitcoin futures open interest in USD terms. Source: Skew