Day: January 17, 2023

Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption

CryptoX – Cryptocurrency Analysis and News Portal “Crypto custody is the foundational enabler for institutional adoption,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that “unlike legacy custody, crypto custody is all about securing the private key,” which makes it a more technological endeavor. Original Source The post Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption appeared first on CryptoX. CryptoX Portal

Big Eyes, UniSwap, and Near Protocol – Three Altcoins to Consider if You Desire a Great 2023, Plus How Big Eyes’ 200% Bonus Is the Hottest Thing in Crypto Now 

Place/Date: – January 17th, 2023 at 11:20 am UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin As the new year begins, crypto enthusiasts are compelled to make certain tweaks to their crypto holdings going into coming trading seasons. For the prepared ones, it would be a matter of identifying the best time to make their Christmas-funded crypto purchase.  However, for crypto investors who may find the new year has begun too quickly to have a near-accurate analysis or effect research, UniSwap (UNI), Near Protocol (NEAR),…

Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost

Several nations trying to adopt CBDCs have maintained that digital currencies should only complement cash rather than outrightly replace them. Andrew Bailey, the Bank of England (BoE) governor, has shared his thoughts on the idea of the country’s central bank digital currency (CBDC) – the digital pound. Bailey believes that there might be no need for a wholesale CBDC. According to him, his reason borders on the fact that the country already enjoys a “wholesale central bank money settlement system with a major upgrade.” Digital Pound Is Not a Priority,…

Binance Coin Forms Bearish Pattern, Fundamentals Look Strong

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In the wake of FTX’s collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust and excessive price losses. Slowly and gradually, however, investors seem to be regaining confidence in Binance. The BNB price has risen 9.3% over the last seven days, reaching $301 at press time. Although there was some positive news from Binance…

Animoca Founder Yat Siu Orchestrates Merger of CryptoSlam and Forcast.News

The combined CryptoSlam and Forkast.news entity will devise creative means to attain profitability. In a bid to further cushion the growing strain in the digital currency ecosystem, Animoca Brands Founder and Chairman, Yat Siu has engineered the merger of CryptoSlam and Forkast.News, two of the companies in its portfolio. As reported by Bloomberg, Yat Siu introduced the founder of CryptoSlam, Randy Wasinger, and Forkast.News founder Angie Lau, and got the discussions for the merger off of the ground. CryptoSlam is a platform that curates data about the Non-Fungible Token (NFT)…

Japan Pushes for Tougher Crypto Regulations

Japan is also using its position on the International Financial Stability Board to push for global regulations of the cryptocurrency industry. Japanese financial regulators have urged their counterparts globally to toughen crypto regulations, according to a Bloomberg report. The call was made by the Deputy Director-General of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase while speaking about FTX Japan. Recall that last week, the Delaware Bankruptcy court handling the FTX Bankruptcy case agreed to the sale of FTX Japan and three other assets. Following this, 41…

Bitcoin DeFi ecosystem explained

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Besides wBTC, Stacks and Rootstock, BadgerDAO, RenVM and Liquid Network promote various use cases of Bitcoin DeFi. BadgerDAO A decentralized autonomous organization (DAO) called BadgerDAO makes it possible for BTC to be utilized as collateral across various DApps. The BadgerDAO uses the Ethereum-based token BADGER for protocol governance and incentive distribution.  Users can earn income on their synthetic BTC assets using Sett Vaults, the first product offered by Badger. Users can lock up their tokenized Bitcoin in SETTs, which are pools of tokens, and let smart contracts manage their holdings…