3 Months In Red, Why Bitcoin Is The Market’s Best Performer

Bitcoin broke below its support zones and trades around its yearly open after another massive selloff. At the time of writing, the first cryptocurrency by market cap trades at $29,605 with an 11.2% loss in the weekly chart. BTC moving sideways on its yearly open in the daily chart. Source: BTCUSD Tradingview The crypto market has followed Bitcoin, except for a handful of coins, and the top ten sit on more pronounced losses. For three consecutive months, BTC and major cryptocurrencies have been in the red. May and June saw…

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Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets – Bitcoin News

On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account report, which is “correctly stated.” Circle Publishes Stablecoin Reserve Transparency Blog Post, Letter from Grant Thornton, and the Latest Reserve Attestation At the end of May, the cryptocurrency community started discussing the stablecoin usd coin…

Study suggests Canadian CBDC could promote digital innovation within the country

A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC. The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens were no longer widely using cash within the country for reasons that were left unspecified. The other could be if a digital currency, public or private, were to become so widely adopted as to threaten…

Crypto.com deploys its Ethereum Virtual Machine chain testnet

The Crypto.com chain testnet allowing projects built on Ethereum to transfer over to its ecosystem from chains compatible with Ethereum Virtual Machine is now live. In a Tuesday announcement, Crypto.com said it had launched the testnet for its Ethereum Virtual Machine, or EVM, chain called Cronos, running in parallel to the Crypto.org chain. The chain is aimed at providing developers the ability to move projects from Ethereum and EVM-compatible chains to the Crypto.org ecosystem, giving users greater access to DeFi features like smart contracts. “We are going to provide full…

Introduction to Cryptography in Blockchain Explained | Blockchain Cryptography

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io As we all know, Blockchain is a growing list of records, and the blocks get appended to the list over a period of time, making cryptography in blockchain more important than ever. This video will extensively look into the importance, impact of blockchain cryptography, and how cryptography in blockchain works. Video Walkthrough, 0:00 Introduction 0:14 What is Blockchain in a nutshell 0:52 What is Cryptography 1:18 Basic Cryptography Terminology 1:29 Types of Cryptography 3:14 Use of Cryptography in Blockchain 3:41 Benefits of…

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Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO – Bitcoin News

An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood Aims for $35 Billion Valuation Robinhood, the fee-free, trade-it-all exchange, is aiming to achieve a valuation as high as $35 billion in its upcoming IPO, according to an amended prospectus filed with the…

Enjin plans to use NFTs to promote sustainability and equality as member of UN pact

The United Nations Global Compact, a non-binding pact aimed at encouraging businesses to adopt sustainable and socially responsible policies, has accepted nonfungible token and blockchain gaming and platform Enjin as a participant. Enjin announced today it would be exploring ways to use nonfungible tokens, or NFTs, to promote sustainability and equality as part of the UN pact. The company suggested using the technology to fight climate change by employing it in carbon capture companies and reducing the global wealth gap by allowing creators around the world permissionless access to NFT…