Day: December 4, 2021

Ethereum acts as a ‘hedge’ in Bitcoin price crash as ETH/BTC hits 3-year high

Ethereum’s native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world’s leading crypto by market capitalization. The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. The pair’s price rally appeared in contrast to Ether’s 15% price drop against the U.S. dollar on Saturday, which appeared in the wake of a market-wide selloff that saw Bitcoin plunging by as much as…

Goldman Looking Into Bitcoin-Backed Lending as Jobs Report Disappoints

This episode is sponsored by NYDIG. Download this episode On this edition of “The Breakdown Weekly Recap,” NLW covers: The latest jobs report and what it means for Fed policy Comments from SEC Chair Gensler and a House crypto hearing next week The latest institutional bitcoin news from Fidelity and Goldman Sachs See also: Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam…

Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted – Altcoins Bitcoin News

The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement the stability of its stablecoin, UST. Do Kwon, head of Terraform Labs, hinted at the inclusion of a bitcoin reserve to safeguard UST’s dollar peg. LUNA Booming The recent changes in the issuance…

Without staking, institutional crypto investors cannot escape inflation

By 2021, proof-of-stake (PoS) anchored itself as the consensus mechanism of choice for new and innovative blockchains. Ethereum 2.0, Cardano, Solana, Polkadot, Terra Luna — five out of the top 10 base layer blockchains run on PoS. It’s easy to see why PoS blockchains are popular: The ability to put tokens to work — verifying transactions and earning a reward in the process — allows investors to earn a passive yield while improving the security of the blockchain network they’d invested in. While blockchains make incredible progress, the financial products…

India में बैन की आशंका से क्रैश हुआ Cryptocurrency Market, इसी सत्र में आ सकता है क्रिप्टो बैन बिल

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io भारत में बैन की आशंका से क्रैश हुआ क्रिप्टोकरेंसी मार्केट. संसद के इसी सत्र में लाया जा सकता है क्रिप्टो पर बैन का … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

ECB Paper Marks Success Factors for CBDCs, Digital Euro – Finance Bitcoin News

A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital Euro Should Be Widely Used for Payments, Not Investment In order to create a successful CBDC, a monetary authority needs to establish the digital currency as a widespread means of payment and exchange that also has a sufficient store of…

Are NFTs here to stay?

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. On Nov. 14, Tezos-based nonfungible token (NFT) marketplace Hic Et Nunc — which in Latin means “here and now” — abruptly shut down. Artists became worried about their NFTs on exhibit at the Hermitage Museum’s first-ever NFT exhibition, “Ethereal Aether” (Nov. 10 to Dec. 10), as well as Art Basel Miami’s first-ever…