Day: March 2, 2023

IOST Token Surges after Unveiling Integration with AWS

The adoption of AWS has been described by IOST as a move to help grow the Web 3.0 world. Decentralized blockchain protocol IOST has announced its integration with Amazon Web Services (AWS) as it looks to double down on its growth in the Web 3.0 world. As the protocol unveiled AWS will help power up its ecosystem and help in enhancing its offerings as it relates to its core Web3.0 solutions. “By collaborating with AWS, IOST aims to integrate AWS Web 3.0 solutions into its ecosystem and enhance its offerings…

Most blockchain advocates haven’t even used Bitcoin

boss

Bitcoin (BTC) popularised the term blockchain. Blockchains, or “decentralized and distributed digital ledgers used to record transactions across a network of computers,” have been around for over thirty years, the household name for a blockchain is Bitcoin.  That’s despite the fact that the Genesis block was mined well over 14 years ago when George W. Bush was president and “I Gotta Feeling” by Black Eyed Peas topped the charts–Bitcoin is still top of the blocks. It’s to be expected, then, that most blockchain advocates would have used, understood or a…

Bitcoin price risks $23K rerun as Coinbase stock falls over Silvergate

boss

Bitcoin (BTC) erased early-month gains on March 2 as fresh market uncertainty erupted over solvency of crypto bank Silvergate. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price avoids Silvergate, Coinbase stock slip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,206 on Bitstamp, down around 1.5% on the day. The pair came under pressure as rumors swirled over the fate of Silvergate, which lost United States exchange Coinbase as a client in a decision the latter said came out of “an abundance of caution.” Silvergate had suffered as…

Analyst says 70% of bitcoin positions are profitable

boss

YouTube crypto analyst and stock-to-flow model creator PlanB said 70% of all bitcoin (BTC) is profitable. According to PlanB, bitcoin’s profit percentage jumped from 50% to 72% in early 2023, and the signal has persisted. Investors sold 5.5 million bitcoins In a detailed video on his YouTube channel, the analyst claimed many investors who bought BTC in 2021 at sky-high prices are mostly gone from the market. According to him, the 2021 batch of investors sold more than 5.5 million coins to new buyers for less than $20,000, mostly during…

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations – Bitcoin News

boss

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and members of the Treasury, Biden administration and the Federal Reserve “will begin to meet regularly” to discuss the topic. U.S. Treasury’s Nellie Liang Discusses Key Considerations in Developing a CBDC The undersecretary for domestic finance…

SEC Chair Gensler Says Crypto Exchanges May Not Be ‘Qualified Custodians’

boss

“The proposal takes up Congress’s 2010 provision for us to expand the custody rule to cover all of an investor’s assets, not just their funds or securities. Congress granted us new authorities to expand the custody rule in response to the financial crisis and Bernie Madoff’s frauds. The expanded custody rule would help ensure that advisers don’t inappropriately use, abuse, or lose investors’ assets,” Gensler said in his remarks. Source