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With the prior involvement of Australia with blockchain and cryptocurrencies, recommendations and probable impact of the formulated fintech and regtech industries will only complement the growth of the crypto sphere. The place of blockchain technology as a tool to drive the growth of Fintech and Regtechs has been highlighted in Australia’s Senate Committee report. As gleaned from the page of Senator Andrew Bragg’s, the Chair of the Senate Select Committee on Financial Technology and Regulatory Technology, an interim report containing 32 recommendations to revamp regulations bordering on Fintechs and Regtechs…
It has been a rough past few days for Bitcoin, with the benchmark digital asset erasing virtually all of the gains that came about as a result of its strong uptrend seen throughout the past several days and weeks. The cryptocurrency has mostly been consolidating for the past couple of months, with buyers ardently defending $11,000 while bears stopped it from breaking above $12,000. The latest rejection it posted within the lower-$12,000 region happened just a few days ago and was the event that first caused the market to begin…
As the price of bitcoin reels from its biggest drop since Black Thursday, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Despite a slight bounce Friday morning, some analysts don’t expect bitcoin to chart a quick recovery from the double-digit price drop over the last two days. Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling. Pornhub will accept BTC and LTC payments, a nonprofit wants Coinbase to be more transparent and credit default swaps are coming…
The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some digital coins saw even bigger losses during the last 48 hours. Things change quickly in the crypto ecosystem, as digital currency proponents have been dealing with extremely volatile prices this week. For instance, bitcoin (BTC) touched a top on September 1, as…
Meta-DeFi protocols are becoming increasingly popular following the success of Yearn.finance. The project is essentially a yield farming hedge fund that lets people participate in complex strategies to farm the governance tokens, or GTs, of other protocols. Yearn is just about business — it sells any tokens it obtains through its activity. But a new project wants to reverse that concept to focus completely on the governance power offered by these tokens. PowerPool is a meta-governance protocol project that seeks to concentrate governance tokens of all platforms under one roof.…
At the moment, Peloton has not made an official announcement regarding the launch. However, one of the sources added that the company may announce the launch before the 10th of September. Peloton Interactive Inc (NASDAQ: PTON) plans to launch a new high-end bike and a cheaper treadmill. The new treadmill according to the company will cost about $1,300 lower than the current model. Founded in 2012, the American exercise equipment and media company has different bike packages and accessories. Mainly, the company produces a stationary bicycle and treadmill that gives…
Bitcoin (BTC) fell below $10,000 on Sep. 4 as selling pressure combined with strength in the U.S. dollar to spark more pain for hodlers. Cryptocurrency market daily snapshot, Sep. 4. Source: Coin360 BTC price triggers bulls with $9,900 bounce Data from Coin360 and Cointelegraph Markets showed BTC/USD hit four figures during Friday trading, capping 24-hour losses of over 10%. The largest cryptocurrency had attempted to reclaim $10,500 on the day, before capitulating to lose five figures for the first time since late July. The move down comes amid renewed bullish…
While BTC has dropped in both its price and market cap, other top cryptocurrencies including Ethereum (ETH), XRP, and Litecoin (LTC) are amongst others. The price of Bitcoin (BTC) has seen rapid retracement in the past days as the entire cryptocurrency market was caught in a sell-off frenzy. Following this sell-offs, the price of bitcoin has broken the $10,000 support level and it traded at $9,990 in the early hours of Friday. The generally observed Bitcoin (BTC) price has made two extreme moves in barely 72 hours. While the coin…
The United States Securities and Exchange Commission has made changes to its definition of who qualifies as an “accredited investor,” likely broadening the field of participants for future private equity offerings. According to the commission, this development is the result of years of internal discussions about better ways to balance requirements for investor protection with the need to make America’s investment landscape more inclusive. Given the SEC’s insistence on regulated crypto token sales, the news could have significant implications for future security token offerings and even widen the pool of…