Monthly Archives: February 2021

Could blockchain end bitter vote-rigging disputes once and for all?

There are fears that voting on the blockchain might not be practical. Instead, the real value of this technology may be linked to counting ballots afterwards. From the United States to Uganda, allegations of vote rigging have become part and parcel of elections worldwide. Some of these claims are legitimate, with strongmen leaders suppressing the will of the people in a desperate attempt to cling on to power. But in other cases, such accusations are made with little evidence. Fake videos swirl online that paint a picture […]

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Allianz Economic Advisor Says Argument for Bitcoin Is Evolving — More Companies Will Embrace BTC as Form of Payment

Allianz’s chief economic advisor, Mohamed El-Erian, says that the argument for investing in bitcoin has reached a pivot point. He sees more companies following Tesla’s example and embracing bitcoin as an investment vehicle as well as a form of payment. Allianz’s Economic Advisor Says the Argument for Bitcoin Is Now Positive Economist Mohamed El-Erian has highlighted key reasons for investing in bitcoin in an interview with CNBC last week. El-Erian, an Egyptian-American businessman, is President of Queens’ College, Cambridge University. He is also chief economic adviser at […]

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Price analysis 2/15: BTC, ETH, ADA, XRP, DOT, BNB, LTC, BCH, LINK, XLM

The sharp recovery in major altcoins and Bitcoin suggests the uptrend remains intact. A large part of the current crypto bull run has been driven by institutional demand. But for the first time, the institutions may be stepping back. According to CryptoQuant, the Coinbase Premium Index, the difference in Bitcoin’s (BTC) price on Coinbase Pro and Binance, has turned negative, which suggests that pro traders may be taking profits. The institutional selling needs to be monitored closely because roughly 3% of the Bitcoin in circulation is held […]

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BNY Mellon’s crypto entrance seeks to bridge generational adoption gap

Can BNY Mellon’s entry into the crypto space provide the fuel Bitcoin needs to pass the $50,000 mark, or is it an insignificant move? While the naysayers continue to wish for the so-called “Bitcoin bubble” to burst, the premium cryptocurrency continues to scale to new heights, seemingly with each passing day. For example, within the same week of Tesla announcing its foray into the crypto market, Bitcoin (BTC) proceeded to surge by almost $10,000.  And even though the market subsequently faced a correction, things took a turn […]

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Love & coordination at the frontier of governance: How Yearn minted $300 million

A core Yearn contributor gives the behind-the-scenes account of what may be the most consequential vote in decentralized governance history   On February 2nd, at 6:00pm UTC Yearn Improvement Proposal 57 passed mandating that Yearn Finance, the decentralized and permissionless neo-hedge fund where I work, mint 6,666 new YFI tokens. YFI holders themselves passed this vote, with 83% voting in favor, and the highest engagement since Yearns now-mythical fair launch. The effects of this new twist in the story of DAOs of what may be the most […]

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Morgan Stanley: Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin Making Progress to Replace Dollar

Morgan Stanley’s chief global strategist says that “regardless of where the price of bitcoin goes next, cryptocurrencies are here to stay as a serious asset class.” He added that bitcoin is making progress towards replacing the dollar as a medium of exchange. Morgan Stanley Bullish on Bitcoin and Cryptocurrencies Morgan Stanley’s head of emerging markets and chief global strategist, Ruchir Sharma, published a report entitled “Why Crypto Is Coming Out of the Shadows” on the Morgan Stanley website last week. “Despite the jitters natural in a global […]

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Thai SEC schedules hearings to address crypto investor qualifications

The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors that want to open a crypto trading account, local news agency The Bangkok Post reports Feb. 15. By initiating the new qualification system, Thai SEC intends to ensure that new retail investors […]

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Fighting money laundering in crypto, explained

Criminals often presume that blockchain transactions are anonymous, but it is possible to untangle and uncover fund flows using analytics tools. How does anti-money laundering compliance software work for crypto businesses? Given how many transactions are made on blockchains every day at high speed, automation is key. Manual monitoring is impractical because of these dizzying volumes. Analytics services such as Crystal work to automate this monitoring process with 24/7 updates, so crypto businesses (as well as banks and financial institutions whose clients deal in crypto) can be […]

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India crypto ban is like banning internet, says former Coinbase CTO

Former Coinbase chief technology officer Balaji Srinivasan has warned that India’s impending ban on Bitcoin and other cryptocurrencies would be like banning the “financial internet.” Former Coinbase chief technology officer Balaji Srinivasan thinks India’s impending cryptocurrency ban would be akin to banning the internet and could cost the country trillions of dollars in potential profits. Speaking in an interview with The CapTable, Srinivasan said a blanket ban on Bitcoin (BTC) and other cryptocurrencies would simply redirect trade revenue to nearby Asian markets, amounting to a “trillion-dollar” mistake […]

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$1.89B liquidated: Why did Bitcoin and ETH price correct sharply overnight?

More than $1.89 billion worth of cryptocurrency futures positions were liquidated over the past 24 hours as Bitcoin and Ether sharply dropped. In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance. BTC/USDT 15-minute price chart (Binance). Source: TradingView.com Most of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But altcoins like XRP, EOS and Litecoin (LTC) also saw large liquidations […]

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