Monthly Archives: June 2022

Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody

Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond bitcoin, a spokesperson […]

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Why You Should Use A Computer Specifically Meant For Bitcoin Transactions And How To Do It

Making sure your bitcoin transactions remain private is made significantly easier with a computer dedicated to this function alone. This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy and contributor to Bitcoin Magazine. What’s Wrong With Using A Regular Computer? When making bitcoin transactions, it’s ideal if your computer has no malware. Obviously. If you keep your Bitcoin seed phrase (usually 12 or 24 words) off the computer with a signing device (e.g., a hardware wallet — its main purpose), then […]

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Here are 3 altcoins that could surge once Bitcoin flips $35K to support

ADA, MATIC and XLM appear well positioned for a bullish breakout once BTC flips the $32,000 to $35,000 zone to support. Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs.  Total altcoin index capitalization What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but it is exactly these kinds of conditions that create […]

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Why Bitcoin Does Not Need DeFi, But DeFi Needs Bitcoin

Bitcoin is the most secure network in human history. Without the security and immutability unique to Bitcoin, DeFi will never achieve mass adoption. Dr. Chiente Hsu is CEO and cofounder of ALEX (Automated Liquidity Exchange), the first complete DeFi exchange on Bitcoin. Bitcoin is the only way to get truly decentralized finance (DeFi). DeFi hasn’t yet emerged as a game-changing force because it requires fully expressive smart contracts which aren’t possible on the core Bitcoin protocol due to their security trade-offs. However, there are several projects hard […]

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NY Fed president urges colleagues to prepare for coming digital payment transformation

Technology is changing fast, but the role of the central bank stays the same, Williams tells an audience of officials, scholars and financial industry leaders. Get ready for a fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told central bank officials, academics and financial industry leaders from around the world on Wednesday. Williams delivered the opening remarks at an invitation-only workshop on monetary policy implementation co-hosted by the New York Fed and Columbia University. The central […]

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DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?

In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return for 20% APY? Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market. In response to the void left by UST, multiple protocols have released new stablecoin projects […]

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Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized

On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at […]

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Former product manager at OpenSea charged with insider trading

The charges are related to digital collectibles bought and sold on the NFT marketplace in September 2021. On June 1, United States prosecutors in Manhattan charged Nathaniel Chastain, 31, with insider trading. Chastain was a former product manager at OpenSea, the largest nonfungible token (NFT) marketplace. This will be the first case of its kind regarding digital assets and traditional criminal investigations.  Former employee of NFT marketplace charged in first ever digital asset insider trading schemehttps://t.co/Q8C8btS743 — US Attorney SDNY (@SDNYnews) June 1, 2022 Prosecutors claim that […]

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Canadians buy the dip as Purpose Bitcoin ETF holdings reach new highs

The Bitcoin spot ETF added to its holdings over the past five days, offering a positive sign that buyers were stepping in to take advantage of lower prices. Despite May’s price correction, which took Bitcoin (BTC) as low as $23,800, institutional investors seem unwilling to lose confidence in the cryptocurrency. The Purpose Bitcoin ETF, launched in February 2021, has been seeing a consistent inflow over the last five trading days. The fund’s holdings have increased to 43,701.7 BTC as of Tuesday, according to Glassnode data reported by […]

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The Gift That Keeps On Giving: Five Ways To Gift Bitcoin And Its Benefits

Bitcoin can serve as an excellent gift for those trying to introduce people to the technology who may not have taken the plunge on their own. This is an opinion editorial by Koa Frederick, Senior Vice President of SaaS strategy at Accelerate Agency. Giving gifts can be a tricky thing. Plain old cash seems low effort. Socks are called unmentionables for a reason. Personal care products could get interpreted as unsolicited advice. What to buy for the friend or loved one who has everything? It’s a thorny […]

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