Month: August 2022

Anthony Scaramucci explains why he bought more bitcoin and ethereum

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Anthony Scaramucci, Skybridge Capital founder, joins CNBC’s ‘Squawk Box’ to explain why he thinks crypto investors should stay disciplined as bitcoin hits its lowest level since late 2020. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith…

Voyager Digital reportedly had deep ties with SBF-owned Alameda Research

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Voyager Digital, the crypto lending firm that went bust due to the crypto contagion initiated by Three Arrow Capital’s (3AC) insolvency is currently fighting its bankruptcy court battle. The court proceedings and financial documents have shown a deep relation between the crypto lending firm and Sam Bankman Fried-owned Alameda Research. Alameda is a quantitative trading firm that was also one of many borrowers from Voyager and reportedly owed $370 million. However, within weeks of 3AC’s downfall, Alameda moved from a borrower to a lender and offered a $500 million bailout…

Over $600K Vanishes From DeFi Project Blur Finance; Developers Disappear

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More Than $600K Vanishes From DeFi Project Blur Finance as Developers Disappear

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Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.  The report noted that the worldwide blockchain in banking and financial services market size is anticipated to hit $1.89 billion this year from $1.17 billion recorded in 2021.   As a result, recording a compound annual growth rate (CAGR) of 61.9%. The report added: “The blockchain in banking and financial services market is expected to reach $12.39 billion in 2026 at a CAGR…

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

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The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch of a research program to explore the benefits of issuing a central bank digital currency (CBDC) for the country’s economy. The project, expected to take about a year, will be realized together with the Digital…

Blockchain Identity Management Market to Hit $17.81B by 2030

The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR). An analysis of the blockchain identity management market indicated that a compound annual growth rate (CAGR) of 56.6% would be recorded during the forecast period between 2022 and 2030.   The report noted: “Market expansion is predicted to be aided via the expansion of governmental initiatives for the blockchain technology development in both developed & emerging nations.” The need for digitization…