Day: July 11, 2024

Bitcoin, crypto market to rebound in August, JPMorgan says

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JPMorgan says the crypto market will see a decent bounce starting in August, but has reduced the year-to-date net flows from $12 billion to $8 billion. Analysts at the bank shared the new forecast for crypto in a research note, suggesting the crypto market should see liquidations begin to subside this month.  The bullish projection from the Wall Street giant comes as crypto markets continue to hover in the red after a particularly brutal June. Bitcoin price, which reached highs of $73,000 in March, retreated heavily last month amid sell-off…

U.S. SEC Commissioner Grilled on Bitcoin (BTC) ETFs as Senators Weigh Regulator Nominees

The committee also heard testimony Thursday from Christy Goldsmith Romero, the member of the Commodity Futures Trading Commission (CFTC) who President Joe Biden tapped to chair the Federal Deposit Insurance Corp.; Kristin Johnson, another CFTC commissioner, to be the Treasury Department’s assistant secretary for financial institutions; and Hawaii Insurance Commissioner Gordon Ito to be a Member of the Financial Stability Oversight Council. Source

Coinbase Launches New Wallet Web App to Streamline Onchain Activity

San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various wallets and chains. Coinbase Unveils Web App to Bolster […] Source CryptoX Portal

How Digital Collectibles Are Shaping Athlete Legacies

This digital approach allows athletes to capitalize on their fame and achievements in perpetuity, ensuring they benefit financially from their legacy. NFTs not only democratize the auction process by eliminating intermediaries but also provide athletes with ongoing opportunities to monetize their career highlights, memorabilia, and unique digital content directly to fans. Tiger Woods, Khabib Nurmagomedov, Stephen Curry, Micah Johnson, Son Heung Min, Rafael Nadal, Lionel Messi, Tony Hawk, Tom Brady, Usain Bolt, Wayne Gretzky are just a few examples of athletes who have officially licensed NFT collections. Source

Cryptocurrency is Not the Paradigm Shift You’re Thinking About – SuperCryptoNews

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Did you hear? Donald Trump will speak at the Bitcoin 2024 conference. The Republican Party put crypto on its electoral platform. Not too shabby. Another US presidential candidate, Robert F Kennedy, Jr, said he’d use blockchain to improve the government and offered Bitcoin as a currency option. That’s nice to know, but doesn’t that defeat the purpose? Why would you use blockchain technology to manage a centralized entity? You only need blockchains to manage entities that don’t share a common database or business process. Why does it matter whether the…

Animoca Brands Sets Up Validator on Core Blockchain to Enhance Security and Decentralization

Animoca Brands Launches Validator on Core Blockchain Core, a Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. This move underscores Animoca Brands’ belief in Core blockchain’s potential and a commitment to supporting the Core network’s security and decentralization, according to Animoca Brands. Role of Validators Validators are essential components of a blockchain network. They verify and validate transactions, maintain the ledger’s accuracy, and contribute to the network’s overall security. By becoming a validator, Animoca…

How Did the E-remittance Exchange Pilot Succeed?

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The Business Payments Coalition’s E-remittance Exchange Pilot, running from September 2023 to June 2024, demonstrated that electronic remittance information could be exchanged automatically between businesses. This success was largely due to the development and testing of a new e-remittance data model that standardizes the formatting and exchange of remittance information. By proving the viability of this model, the pilot showed that automation in B2B payments is not only possible but highly beneficial. What Are the Immediate Benefits for Businesses? The immediate benefits for businesses adopting the new e-remittance data model…