Month: March 2023

An overview of fake product detection using blockchain technology

Digital identities can help in fake product detection by providing a unique and verifiable identity to each product, making it easier to track its movements through the supply chain and verify its authenticity, thereby preventing the circulation of fake products. In the modern era of e-commerce, the problem of fake products is prevalent, and it poses significant risks to both consumers and manufacturers. However, digital identities can play a crucial role in detecting and preventing fake products from entering the market. Digital identities provide a secure and reliable means to…

US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty

Most stayed put, however. It’s easy to joke about moving to Montreal but harder to actually do it, which is something many crypto companies are discovering. “The United States, overall, has the best infrastructure and support for small businesses in general,” says Kuveke, who has found it easier to do banking in the U.S. than Portugal, where he says the banks are “mind-bogglingly terrible.” And moving to another country is “not a casual process,” says Kuveke, because it involves a gauntlet of paperwork and approvals and is “many months of…

Crypto market rally stalls at the $1.2T level, but bulls are getting positioned

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After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained 0.3%, while Ether (ETH) posted modest gains of 1.6%. Total crypto market cap in USD, 12-hour. Source: TradingView One source of favorable short-term momentum is a change in the Federal…

Bitget Becomes the First Centralized Exchange To Offer Financial Transparency Through Space and Time

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March 27, 2023 – Victoria, Seychelles Bitget, the largest crypto copy trading platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will enable Bitget to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation. Bitget is the first centralized exchange to leverage a decentralized data warehouse. The trustless Space and Time platform will provide Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of…

The ‘Skull of Satoshi’ Proves Bitcoin Mining Discourse Isn’t Dead

Without getting into too much detail, the conversation about moving Bitcoin from proof-of-work to something else, like proof-of-stake (PoS), which doesn’t use much energy, is generally a nonstarter. Bitcoin will almost certainly never move away from proof-of-work. That isn’t obvious from the outside, so that’s exactly where Von Wong began his journey to understand bitcoin mining. Source

Traditional finance fears drive digital asset investment inflows to $160M

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On March 27, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital assets continue to attract investors’ attention as concerns over the stability of traditional finance (TradFi) continues to grow.  According to the latest report, investment products in digital assets experienced inflows of $160 million last week, the largest since July 2022, marking a significant reversal after six weeks of outflows totaling $408 million. The report also noted that “while the inflows came relatively late compared to the broader crypto market,” investors are increasingly…

CFTC Sues Binance for Illegal Derivatives Exchange, “Numerous Violations”

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The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against cryptocurrency exchange Binance and Changpeng Zhao, its Chief Executive Officer, for “numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The US derivatives market regulator also charged Binance for operating an illegal digital asset derivatives exchange. The agency disclosed these on Monday, noting that it filed the charges before a district court in Illinois. According to the regulator, Binance acted as “a designated contract market or swap execution facility” by processing derivatives transactions without being registered. Today…

Binance Bitcoin Trading Volume Hits Lowest Level in 8 Months Following Termination of Zero-Fee Trading

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