Month: July 2023

Indian Supreme Court raps Union government on crypto rules delay: Report

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The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet.  The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines around cryptocurrencies. The observation from the court came amid growing instances of criminal activities involving cryptocurrencies and directed the Union government to bring on record whether it plans to set up any dedicated federal agency to investigate such crypto criminal…

Grayscale (GBTC) Urges SEC for Equal Treatment of Spot Bitcoin (BTC) ETF Applications

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Bitcoin could reach $300,000 by 2028, said Mark Yusko, Morgan Creek Capital Management founder and CEO, on CoinDesk TV’s First Mover. Yusko made the prediction while comparing bitcoin to gold. Gold is not portable or divisible, whereas bitcoin is, the CEO of the $1.6 billion asset management firm explained. “Bitcoin fixes both of these issues, and is equally scarce,” Yusko added, arguing that the digital asset could eventually catch up to the precious metal’s valuation. “The monetary value of gold is about $6 trillion, I think bitcoin can replace all…

The Agenda podcast chats with Energy Web on how to fight climate change with help of blockchain

This summer, parts of the United States are wilting under a multi-month stretch of sweltering heat and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for the first time since preindustrial times, a milestone number that the world’s countries pledged to try to remain under in the 2015 Paris Agreement.  Humanity’s continued burning of fossil fuels combined with the return of the El Niño…

Bitcoin price risks ‘major volatility’ as 10K BTC hits exchanges

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Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move…

Bitcoin Set To Accelerate As A Store Of Value In Wake Of Bank Collapses, Cathie Wood

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ARK Invest CEO and crypto proponent Cathie Wood says that Bitcoin is set to grow massively as a store of value following the recent bank collapses. She believes that Bitcoin’s stability and a huge rally in the wake of US regional banks collapsing is a major testament to the fact that Bitcoin is the future of money. Cathie Wood Remains Bullish On Bitcoin In a recent interview with Barron’s, Wood maintained that she remains bullish on digital assets and highlighted three reasons she won’t be backing down on her investments.…

LFi leads way in blockchain innovation with new technology

LFi aims to create an inclusive financial system and empower people with equal opportunities for wealth generation and financial freedom in crypto. Unleashing LFi LFi, or Layered Financial Independence, is at the forefront of the decentralized finance (defi) movement, envisioning a decentralized network that empowers wealth creation.  The core of LFi’s vision lies in inclusivity, aiming to build a financial system driven by consensus and shaped by the decentralized autonomous organization (DAO) concept.  With its blockchain infrastructure and native token, LFi is forging a path toward a more inclusive and…

Here’s how big food and beverage brands are using NFTs: Report

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Nonfungible tokens (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains displaying interest in this new asset class.  A report by ResearchAndMarkets.com states that the global food & beverage NFT market size is expected to reach USD 2,134.04 Million by 2032. These statistics have been evident as recently, Global fast-food brands, including Pizza Hut and Papa John’s, are discovering new ways to integrate NFTs into their marketing strategies.  The report states that the key supporting factors for the market are the adoption of blockchain…