NEW YORK – Developing digital identity infrastructure such that counterparties know who they are trading with is critical to getting large institutions involved in decentralized finance (DeFi), said Joseph Chalom, head of strategic partnerships at BlackRock, at the State of Crypto Summit held by Coinbase and the Financial Times in New York on Thursday. Source
Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next? After some brutal tests of traders’ resolve over the past seven days, the BTC price is still determined to hold familiar ground. Market participants are in “wait and see” mode as a lack of clear direction characterizes the largest cryptocurrency at the start of a new week’s trading. United States holidays mean traditional markets will only open on June 20, giving at least one day’s grace before any surprises…
Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than PetroChina’s $186 billion and not far from chipmaker AMD’s $198 billion. Being the 66th largest global tradable asset is no small feat, especially considering that the cryptocurrency is merely eight years old and does not return any kind of…
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance on June 5, alleging that the exchange was involved in the sale of unregistered securities. In its 136-page complaint, the SEC accuses Binance and its founder, Changpeng “CZ” Zhao, of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law. The claims, according to SEC Chair Gary Gensler, center on deceiving investors about risk controls, tampering with trade volumes, hiding crucial operational data, and flouting U.S. securities…
The technology known as DVT involves splitting a validator’s private key across several node operators. The goal is to increase the network’s resilience – while also protect the individual validators – by reducing single points of failure. Source
The BTC Prague event has recently highlighted that while there remain places in the world where Bitcoin (BTC) adoption is still in its early stages, many continue to be positive about how the community can onboard more BTC supporters despite the new challenges that come in. In an interview with Cointelegraph reporter Joseph Hall, pseudonymous Bitcoin developer Uncle Rockstar, the head of Bitcoin at payment platform Strike, shared his thoughts on Bitcoin adoption and his most pressing concerns within the Bitcoin ecosystem in 2023. According to the developer, the BTC Prague…
United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of its continued “war against crypto,” according to the Winklevoss twins. On June 10, co-founder of the crypto exchange Gemini, Cameron Winklevoss, tweeted the Democrats will “alienate an entire generation” of youth voters due to its war — the same voters that were crucial to winning the previous election. The @SenWarren and @GaryGensler war against crypto is going to alienate an entire generation of would-be Democrats. Winning the youth vote w/ “get…
Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some analysts attributed the bounce in Ether as a result of it not being listed as a security in either of the cases brought against Binance and Coinbase. For instance, the…
Crypto regulation has become a political debate and a turf battle between the SEC and the CFTC, the report said. Source
Teng believes Binance is “open and candid about things in the past,” pointing out the firm is still very young. Binance, which will soon celebrate its sixth birthday, started as a technology firm, Teng said, at a point in time when most jurisdictions had no regulations or proper guidance. Today, it has some 750 compliance officers, more than any other exchange, he added. Source