Monthly Archives: June 2022

Climate-Advocate CFTC Chair Wants To Change Bitcoin

In a recent interview, Rostin Behnam revealed that if Lummis-Gillibrand were to be enacted, the CFTC could advocate for a less energy-intensive Bitcoin. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam seemingly wants to leverage its probable future position as watchdog of the Bitcoin market to encourage a reduction of the peer-to-peer (P2P) currency’s energy use and incentivize consumers to find less energy-intensive alternatives. The regulating agency will oversee Bitcoin if the Lummis-Gillibrand landmark legislation gets approved. The bill, which was introduced yesterday, needs to go through […]

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Information, AML/CFT steps are key to fighting international digital crime, DOJ report says

The Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued. The United States Department of Justice (DOJ) released a report on international law enforcement related to digital assets Tuesday. It is the first of the approximately one dozen reports mandated in President Joe Biden’s March 9 executive order “Ensuring Responsible Development of Digital Assets.” The report, titled “How To Strengthen International Law Enforcement Cooperation For Detecting, Investigating, And Prosecuting Criminal Activity Related To Digital […]

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Traders target $1,400 Ethereum price after ETH drops closer to a critical support level

Ethereum’s Ropsten testnet successfully integrated the merge to become proof-of-stake, but this hasn’t stopped traders from adjusting their downside price targets. On June 8 the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price.  With the Ropsten upgrade now looking more like a buy the rumor, sell the news type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a look. ETH/USDT 1-day chart. Source: TradingView Can Ether escape the head and […]

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Digital assets still make a lot of sense, says Codex co-founder

In a Davos interview, Codex’s Alex Gordon-Brander talked about the Ethereum launch, Codex’ liquidity specialties, and solving real-world problems with crypto. Co-founder and chief evangelist officer for Codex, Alex Gordon-Brander, spoke to Cointelegraph about his Bitcoin story, the real-world use cases for crypto, and the economic downturn during a World Economic Forum interview in Davos, Switzerland.  Standing curbside in front of Davos’ “Crypto House” at dusk, where Gordon-Brander had just finished demonstrating Codex’s capabilities during a crypto panel, the co-founder shared an upbeat outlook on crypto. A […]

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Paypal Upgrades Crypto Service — Now Lets Users Transfer Cryptocurrencies to Other Wallets, Exchanges

Paypal has begun letting users transfer cryptocurrencies between its platform and other wallets and exchanges. “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” Paypal revealed. Paypal Now Supports External Wallet Transfers Payments giant Paypal finally allows users to transfer cryptocurrencies in and out of its platform. The company announced Tuesday: We are thrilled to announce that starting today, Paypal supports the native transfer of cryptocurrencies between Paypal and other […]

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An Easy Guide To Use The ColdCard Bitcoin Hardware Wallet

How to use the ColdCard hardware wallet, a popular choice amongst Bitcoiners concerned with security and privacy. This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy and contributor to Bitcoin Magazine. Make sure you go through the other piece “Using Bitcoin Hardware Wallets” first. I will skim through some steps and focus mostly on what is specific to ColdCard here. This guide will be appropriate for the ColdCard MK3 and the newer Mk4. Purchasing Buy the device directly from the manufacturer, […]

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Achieva Becomes Florida’s First Credit Union To Allow Customers To Buy Bitcoin

Achieva Credit Union released a new application that allows customers to buy and sell bitcoin, becoming the first of its kind in Florida to do so. Achieva Credit Union has become the first of its kind in Florida to allow customers to purchase bitcoin. The functionality was released in a new application on Tuesday. Customer curiosity for bitcoin rose once the credit union allowed third-party services to enable bitcoin purchases. Florida-based Achieva Credit Union became the first credit union to offer customers the ability to buy and […]

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New York state releases guidance for issuing dollar-backed stablecoins

The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type. The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According to a DFS statement, it is the first regulator in the United States to impose such expectations on a stablecoin issuer. The requirements in the guidance concern redeemability, reserves and attestation. They state that a stablecoin must be fully […]

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Bitcoin bears have plenty of reasons to hold BTC price below $32,000

Regulatory pressure and macroeconomic uncertainty continue to pin traders’ sentiment and BTC price under $32,000. Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions. BTC-USD 12-hour price at Coinbase. Source: TradingView The choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to 4,180 in the same period. On one side, there has been economic growth in the Eurozone where […]

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‘Data DAO’ Delphia raises $60M Series A led by Multicoin Capital

Decentralized autonomous organizations continue to gain traction. In the case of Delphia, retail traders will be rewarded for contributing their personal data. Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO).  The Series A was led by crypto-focused venture firm Multicoin Capital, with additional participation from Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures and Cumberland. Delphia will use the funds […]

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