Category: Cryptocurrency

Sep 22
JPMorgan CEO calls crypto ‘decentralized Ponzi schemes’

JPMorgan CEO Jamie Dimon regards crypto as a tale of two cities, with “crypto tokens that you call currencies” on one side and “real” innovations on the other. 392 Total views 14 Total shares While testifying before United States (U.S.) lawmakers, JPMorgan Chase CEO Jamie Dimon referred to himself as a “major skeptic” on “crypto […]

Sep 21
Blockchain tech driving institutional-grade solutions: Blockchain Expo Europe

Blockchain is no longer a buzzword being thrown around by mainstream institutions as meaningful and fully-working pilots and programs come to the fore at Blockchain Expo Europe 2022 in Amsterdam. Before the COVID-19 pandemic, a number of mainstream companies from various industries started to explore ways blockchain technology could be used to improve processes and products. […]

Sep 21
Coinbase to hand out ENS usernames to simplify wallet transactions

Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address. 2695 Total views 12 Total shares As simplified wallet addresses become more popular within the blockchain space, crypto exchange Coinbase integrated with Ethereum Name Service (ENS) to give their customers usernames […]

Sep 21
Sharding could resolve Ethereum scalability trilemma, says researcher

Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput. 1606 Total views 24 Total shares After a successful Ethereum Merge, all eyes are set on the next phase of transition, which would introduce key scalability solutions on the platform, including sharding. Market […]

Sep 21
New York judge orders Tether to document USDT backing

The court accepted the plaintiffs’ requests to provide “undoubtedly important” documents in the alleged fraud case. 1931 Total views 28 Total shares The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The company is […]

Sep 21
Digital bank FV Bank integrates USDC stablecoin for direct deposits

Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum. 1226 Total views 17 Total shares The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC). FV Bank on Wednesday announced the […]

Sep 21
Ethereum co-founder Vitalik Buterin defends DAOs against critics

Ethereum co-founder Vitalik Buterin has reiterated his support for decentralized autonomous organizations (DAOs), arguing that in some circumstances, they can be more efficient and fairer than a traditional corporate structure. In theory, DAOs are collectively owned and managed by their members and have no central leadership. All decisions relating to aspects such as the usage […]

Sep 21
Totality Corp CEO explains why India is still largely untapped for NFTs

Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs). In an interview with Cointelegraph, Totality Corp Founder and CEO Anshul Rustaggi explained that social and cultural barriers, as well as anti-crypto regulations, are holding back NFTs from mass […]

Sep 21
Regulatory clarity will drive the next bull run — hedge fund co-founder

As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph. 844 Total views 19 Total shares A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United […]

Sep 21
Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’

Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike.  At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close the day in the […]