Franklin Templeton follows Blackrock and other financial heavyweights who have bet that the SEC may soon allow – or perhaps even be forced by the courts to allow – a spot bitcoin ETF to hit the public markets. Such a product would give everyday investors an easy means to gain exposure to the price of bitcoin in their brokerage accounts, alongside stocks and bonds. Original
Global payment giant PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (BTC). PayPal on Sept. 11 officially introduced new on and off ramps for Web3 payments, allowing users in the United States to convert their crypto to USD directly from their wallets into their PayPal balance. According to the announcement, PayPal off ramp feature is immediately available to wallets, decentralized applications and nonfungible token (NFT) marketplaces and is live on MetaMask. The new on off ramp features are designed to enable customers to…
Chainlink (LINK), the cryptocurrency known for its decentralized oracle network, has been facing a challenging period in recent days as it grapples with a persistent bearish trend. Despite some positive developments in the crypto space, LINK’s price has been on a downward trajectory, failing to capitalize on favorable news. One notable event that failed to provide the expected boost to LINK’s price was the successful completion of Swift’s experimentation with Chainlink. Swift, the interbank messaging giant, had conducted trials involving Chainlink, which created a buzz in the crypto community. However,…
Bitcoin (BTC) attempted to flip and hold $26,000 at the Sept. 12 Wall Street open as a swift BTC price rebound excited traders. BTC/USD 1-hour chart. Source: TradingView BTC price adds 5.5% in 24 hours Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency holding the majority of its 24-hour gains, which at one point totaled 5.5%. At the time of writing, $26,000 formed a focus, already flagged as an important line in the sand for Bitcoin bulls to reclaim. “There we go, range lows reclaimed. Want to see…
Bitcoin (BTC) attempted to flip and hold $26,000 at the Sep. 12 Wall Street open as a swift BTC price rebound excited traders. BTC/USD 1-hour chart. Source: TradingView BTC price adds 5.5% in 24 hours Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency holding the majority of its 24-hour gains, which at one point totaled 5.5%. At the time of writing, $26,000 formed a focus, this already flagged as an important line in the sand for Bitcoin bulls to reclaim. “There we go, range lows reclaimed. Want…
Alex explained how there are now four pillars to Bitcoin education in El Salvador, with Mi Primer Bitcoin serving as the most basic. He recently left CUBO+ to create another program called Node Nation, with the goal of installing Lightning nodes in high schools and providing highly technical classes to talented teenagers. From there, students can apply to CUBO+, a sixsix-month long program that is highly selective. Next, students who want to become core developers can apply to Chaincode Labs, the highest tier of education currently available in-country. The curriculum…
Speaking of security, we can’t ignore the stablecoin’s blacklist function. To be clear, other leading stablecoins, such as Circle’s USDC and Tether’s USDT, use a built-in blacklisting mechanism to combat hackers and criminals from accessing them. Using a blacklist is practically an industry standard. Source
Cryptocurrency exchange Binance has pledged millions of dollars in BNB (BNB) as aid relief for those affected by the large earthquake that struck Morocco on Sept. 8, causing at least 2,000 fatalities in Marrakech alone, the country’s fourth-largest city. According to a Sept. 11 announcement, Binance will airdrop up to $3 million in BNB to users identified as living in the affected areas. The earthquake was magnitude 7 on the Richter scale, which categorizes it as “major.” Changpeng Zhao, founder and CEO of Binance, called the earthquake “devastating” for the Moroccan…
Should it come to pass, tomorrow’s decline in core CPI will be welcome to policymakers, but even a 4.3% inflation rate is more than double the Fed’s 2% target. And central bankers will have a hard time claiming victory over inflation when consumers are watching prices at the pump advance with each fill-up. Source
According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report titled “Project Sela – An Accessible and Secure Retail CBDC Ecosystem” released by the two central banks and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre. Project Sela has reportedly demonstrated that CBDCs have the potential…