Monthly Archives: February 2021

US Treasury Secretary floats idea of digital dollar maintained by the Fed

She still questioned how regulators would “manage money laundering and illicit finance issues” with digital currencies. Janet Yellen may be open to having U.S. regulators consider a digital currency, but still seems to have strong concerns about Bitcoin. In an interview on the New York Times’ DealBook DC Policy Project held today, Yellen said it makes sense for the Federal Reserve to look into a digital dollar. Speaking to Andrew Ross Sorkin, the Treasury Secretary said a digital dollar maintained by the Fed could result in “faster, […]

More info

3 reasons why Fantom (FTM) price continues to rally to new all-time highs

In the past month, Fantom price increased 1,570% as governance features and a cross-chain bridge to Ethereum strengthen its DeFi aspirations. Interoperability has emerged as the hot topic in February as platforms like Binance Smart Chain and Polkadot work on building Ethereum network bridges that allow users to escape high transaction costs and network congestion. Fantom (FTM) is the latest project to receive a boost by offering cross-chain functionality with Ethereum, and data from Cointelegraph Markets and TradingView shows a 1,570% increase in FTM price from $0.025 […]

More info

Up to 5% of public companies will follow Tesla’s Bitcoin buy, says Wedbush analyst

Dan Ives, Wedbush Securities’ managing director, says companies are going to start FOMOing into Bitcoin very soon. Tesla’s strategic embrace of Bitcoin (BTC) will have a dramatic impact on corporate adoption of the digital asset, according to Dan Ives of Wedbush Securities.  In a Monday interview with CNBC, Ives said Tesla’s exposure to Bitcoin is “not just a fad,” but part of a long-term strategy that’s driven by an investment thesis and business thesis. “I think Tesla is going to double down on its Bitcoin investment,” he […]

More info

‘Bitcoin Is the Biggest Jailbreak in Human History,’ Says Philosopher Stefan Molyneux

On February 19, the Canadian podcaster and Freedomain Radio host, Stefan Molyneux, discussed his thoughts about bitcoin following the crypto asset’s tumultuous rise capturing over a trillion-dollar market valuation. Molyneux’s recent speech describes the liberating potential bitcoin could bring to the masses and how the crypto network has the ability to change humanity for the better. ‘Bitcoin Is a Currency That Serves the People at the Expense of the Parasites’ Just recently the crypto evangelist and philosopher, Stefan Molyneux, spoke about the Bitcoin blockchain in great detail. […]

More info

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

Fresh criticism from the U.S. treasury secretary fuels an already fierce correction, briefly taking Bitcoin to $47,400 lows. Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting lows of $47,400. After reversing at all-time highs of $58,312 on Sunday, Bitcoin fell […]

More info

Evolving the DAO: How decentralized companies can dominate Web3

Are decentralized autonomous organizations reaching their full potential? The current focus on governance means that many other opportunities are being missed. Decentralized autonomous organizations — known as a DAO for short — have become a mainstay of the crypto world. The rationale behind DAO is to enable companies and organizations to fully function without the need for a hierarchical management structure. As this Cointelegraph guide explained, it’s like a vending machine delivering a snack in exchange for a bundle of coins — and then automatically using those funds […]

More info

Bitcoin Slides Over 13%, Veteran Trader Peter Brandt Suggests BTC Will Peak at $200k but Hints of Possible Deep Corrections

Veteran trader Peter Brandt has implied in a tweet that bitcoin will go through deep price corrections before it gets to the $200,000 mark. Brandt points to the 2015-17 bull run when bitcoin went through similar corrections about nine times as the precedent the crypto asset might follow. More Corrections Expected Consequently, Brandt is asking his Twitter followers to predict the number of similar 30% price corrections that they expect to see before BTC ultimately gets to the $200,000. Already, as Brandt explains in the tweet, the […]

More info

Bitcoin price crashes below $48K, but is the bull market in danger?

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open. Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies to fall alongside Bitcoin, resulting in Bitcoin’s market dominance rising as a result. But will […]

More info

Soccer fan tokens on the march as Poland’s biggest club adopts crypto

Blockchain-based soccer fan tokens are all the rage of late, and now Poland’s most successful club is getting in on the action. The spread of blockchain-based soccer fan tokens across Europe continued on Feb. 22, as Poland’s most successful soccer club partnered with sports fintech firm, Chiliz. Legia Warsaw, which holds the record for the most number of Polish league championship wins, will launch a token on the fan engagement and rewards platform, Socios. The $LEG fan token is expected to launch in the coming months and […]

More info

Ant-backed MYbank to help China expand digital yuan trial

Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank and WeBank will help the People’s Bank of China extend its user exposure in the ongoing pilots of its central bank digital currency, the digital yuan As part of the integration, MYbank’s service will soon be introduced to […]

More info
1 2 3 4