Sandie O’Connor, the former chief regulatory affairs officer at banking giant JPMorgan, is joining Ripple’s board of directors. According to a Ripple blog post published yesterday, O’Connor will “provide counsel on key government relations and regulatory initiatives” as part of her role on the board. O’Connor worked at JPMorgan for 31 years, serving as chief regulatory affairs officer and treasurer for the bank before retiring in 2019. She has been a systemic resolution advisory committee member for the Federal Deposit Insurance Corporation, or FDIC, since July. CEO Brad Garlinghouse said…
Day: December 15, 2020
P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume
A study revealed a rising trend in bitcoin (btc) volume trading across Latin America amid the coronavirus pandemic and rising inflation, pushing the figures to record highs and putting Venezuela and Colombia at the top of the ranking. Latin America Sees a Bullish Trend in Bitcoin P2P Trading Volume According to Localbitcoins, a peer-to-peer (P2P) bitcoin marketplace, both Venezuela – remaining as the second-largest bitcoin trader globally with 12.3% – and Colombia (11.3%) accounted for over 23% of the total trading volume on the platform during 2020. However, Russia is…
DeFi tokens rally while Bitcoin bulls attempt to flip $19.5K to support
The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg. In such times, it is no surprise that the decentralized finance space, a place where mouth-watering yields can be found, has become an investor favorite. Due to high investor demand, Coinbase pro has recently added support for several DeFi tokens. Expanding its offering further, the cryptocurrency exchange has announced that it will extend support for Aave, Bancor, and Synthetix starting today. History suggests that when Coinbase lists new tokens, their prices jump in the short term, a…
$RIOT and $MARA are on FIRE! Riot Blockchain & Marathon Patent Group Analysis + Price Prediction
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With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
In a tweet Monday evening, President Trump announced the departure of William Barr from the office of Attorney General. The announcement comes the same day that the Electoral College convened and confirmed Joe Biden’s victory in the November election. Barr, long one of Trump’s most loyal allies, will be stepping down on December 23. Under Barr’s leadership, the Department of Justice has ramped up its actions in crypto, including high-profile criminal charges against BitMEX’s leadership and the release of a new framework for crypto enforcement in October. The latter half of…
Sovryn Launches Bitcoin DeFi Platform Using the RSK Sidechain
Development of open finance dApps on Bitcoin by projects such as Sovryn proves the RSK protocol is beginning to gain traction. Decentralized Finance (DeFi) is a multi-billion industry that promises to revolutionize traditional finance. Nonetheless, there are aspects of the space that need regulatory clarity. Bitcoin DeFi and Sovryn Recently, the chair of the U.S. Commodity Futures Trading Commission (CFTC), Heath Tarbert, said he was impressed by Ethereum. The success of DeFi, he adds, will see governance tokens classified as commodities. Sovryn, a margin trading and lending dApp is anchored…
Expect Bitcoin to See More Price “Traps” Until This Event Takes Place
Bitcoin saw some wild price action overnight that caused its price to spike as high as $19,600 before facing a rejection that sent it reeling down to $19,050 It was able to find some serious support at this level that has boosted its price action in the time since, with it now trading just over $19,400 This has long been a resistance level for the crypto, but the selling pressure previously found here appears to be rapidly degrading As such, BTC may be well-positioned to see further mid-term upside, with…
Could Self-Sovereign Identity Level Up Blockchain Adoption?
The concept of digital identity is gaining rapid traction across the globe. Four of the world’s five most populous countries – China, India, Indonesia, and Brazil – are in various stages of implementing government digital identity schemes, as are many other governments around the globe. However, currently, there are different approaches in terms of the technology used to manage a digital identity system, with some worrying implications for citizens’ privacy. The main concern is the degree of control that a centralized digital identity program will give to governments. Even looking…
Начало стремительного роста Bitcoin? Прогноз Биткоин / Ripple / Ethereum
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Sean Ono Lennon sells NFT art piece for $3K in crypto
Sean Ono Lennon, a British-American musician, songwriter, and producer, has auctioned a tokenized digital illustration on NFT marketplace, Rarible. According to Rarible data, Lennon sold a piece entitled “Etharian 1” on Dec. 14 for 5.5 wrapped Ether (WETH), worth about $3,200 at time of publication. The musician subsequently congratulated the new piece’s owner on Twitter: “Congrats @etyoung for winning the most important drawing ever drawn by anyone ever! May she treat you kindly in these winter months.” Lennon first announced his NFT auction on Dec. 13, noting that it was his first…