Archblock (previoustly TrustToken), the company behind the U.S. dollar-backed TrueUSD (TUSD) stablecoin, uses Chainlink to prove that each of its TUSD tokens is backed by a dollar in reserves. Instead of self-attesting to its reserves, it reports them to Chainlink’s oracles via The Network Firm, a third-party accountant. Source
Valkyrie Digital Assets refiled its application for a spot bitcoin exchange traded fund (ETF) with the U.S. Securities and Exchange Commission, joining asset managers including BlackRock and Fidelity in taking another stab at the process. Original
When the leaders of the American Revolution signed the Declaration of Independence on July 4, 1776, they had no guarantee of victory. The battle for independence was underway, and their prospects were uncertain. Despite occasional victories, these audacious freedom fighters were grossly outnumbered and had difficulty retaining volunteer soldiers. Their commitment to the cause of freedom was their only fighting chance. Cryptocurrency as an open-source software industry is in a similar predicament. The United States Securities and Exchange Commission and banking regulators are trying to dismantle this budding industry, brandishing…
There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa. For instance, the DXY index dropped from 103.0 on Jan. 2017 to a 92.6 low on Aug. 2017, while Bitcoin rallied from $1,000 to $4,930 in the same period. But is there enough evidence to justify a bull run similar to 2016–17, as some analysts are arguing? But is there enough evidence to justify a…
This is the culmination of a yearslong effort in the U.K. government to create new rules to govern cryptocurrency business within its borders. As such, it represents something of a departure for the U.K. from its usual approach to crypto asset regulation. Historically, Britain’s financial regulators have not had the power to regulate – and thus have avoided regulating – crypto-assets such as Bitcoin, Ethereum, Cardano, or Cosmos in their capacity as investments, at least in the same manner that they regulated TradFi instruments such as securities. This differs significantly…
Bitcoin (BTC) miners emit a lot of heat. Some miners use that heat to warm swimming pools, dehydrate meat to make beef jerky or even dry out timber at a Swedish hydropower Bitcoin farm. In Ireland, the “Bitcoin Farmer” joked that he hangs out laundry to dry in front of his Bitcoin miner. S9 #bitcoin beef jerky pic.twitter.com/Fyc3lz98kQ — ₿usiness Cat (@_business_cat) August 12, 2022 Miner heat is not new to the Bitcoin industry. In the early days of Bitcoin, enthusiasts would mine the cryptocurrency with their everyday computers, leading…
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“Financial freedom means different things to different people,” Zamyatin explained. “For some, it means that they can hedge against fiat by buying bitcoin and just holding it, but not everybody earns and has enough capital to be able to just put something aside and use it as an investment. There’s a lot of people globally who see bitcoin as access to a financial system,” he added. Original
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) outperformed other popular financial instruments and markets, including NASDAQ and the S&P 500, during the first half of 2023. Amidst regulatory uncertainties across various jurisdictions, gloomy market conditions brought about by the FTX scandal of 2022, and other high-profile bankruptcies, the latest research data show that bitcoin (BTC), the world’s leading cryptocurrency outperformed other financial vehicles during the first half of 2023. Data shows that in the first half of 2023, Bitcoin increased by…
“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal. De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet. Ben De Waal. (Supplied) Thanks to her upbringing in a “Bitcoin family” that has largely abandoned fiat currency, Sam is now a Bitcoin ambassador wunderkind nicknamed The Bitcoin Kid. De Waal himself discovered Bitcoin “around 2010” and…