Category: Latest news

[ad_1] The Bank for International Settlements (BIS) said crypto and DeFi have highlighted “tokenization’s promise,” but ultimately, crypto is a “flawed system” that cannot become the “future of money.” The global watchdog made the statement in its 2023 Annual Economic Report published on June 20, which claimed that the global financial system is on the…

[ad_1] NEAR Protocol’s Blockchain Operating System (BOS) is a novel approach to the world of web3 that looks at the entire blockchain ecosystem and attempts to create a framework to abstract “janky” usability and complex user journeys. Originally announced in October 2022 and followed by the launch of the first gateway in May 2023, the BOS…

[ad_1] Bitcoin (BTC) miner Iris Energy IREN shares have jumped by nearly 20% following news of its planned 9.1 exahashes/second (EH/s) expansion. Data from Nasdaq shows that miner shares rose to $4.09 from $3.53 during early trading hours of June 20. Expansion plans According to a July 20 press statement, Iris plans to expand its…

[ad_1] Uniswap founder Hayden Adams said the U.S. has not been “very thoughtful or very good” in its approach to regulating the crypto industry, which is “a little bit sad and unfortunate.” Adams made the comments during an appearance on the Unchained podcast on June 20. He said that many countries in the world are…

[ad_1] Despite its recent resurgence to regain the 200-week moving average (WMA), Bitcoin’s price has remained within a tight trading range for the past week. BlackRock’s announcement of integrating Bitcoin into their ETF portfolios and Bitwise’s refiling for a Bitcoin spot ETF are significant news that could potentially move Bitcoin’s price. Furthermore, whispers of a…

[ad_1] Quick Take The recent announcement of BlackRock’s intention to launch a spot Exchange-Traded Fund (ETF) has stirred up debate among cryptocurrency enthusiasts. Previously in March, Grayscale had expressed apprehension regarding the transformation of GBTC into an ETF. The firm’s attempt to establish its own ETF was unsuccessful, leading to a pending decision by Washington…

[ad_1] Cardano recently released Node 8.1.1, which is expected to enhance the performance of Cardano’s network, especially for stake pool operators (SPO.) The upgrade, released to Cardano’s mainnet on June 19, offers significant improvements in epoch boundary performance and corrects previous concerns with P2P/DNS. The Cardano GitHub states, “All SPOs are strongly encouraged to update.”…

[ad_1] EDX Markets, a non-custodial cryptocurrency exchange backed by Citadel Securities, Fidelity Investments, and Charles Schwab, is live as of today, June 20. EDX differentiates itself from traditional crypto exchanges by not directly catering to retail investors as it focuses on institutional traders. Additionally, trading access is via API and does not offer a front-end…

[ad_1] The rapid development and wide range of capabilities of generative AI will usher in a new era of productivity, transforming various business sectors, according to a recent McKinsey report. Whereas standard AI has typically focused on detecting patterns, making decisions, and data analysis, generative AI refers to programs that create content, including text, audio,…

[ad_1] Quick Take Bitcoin is currently trading between 111DMA ($26.9k) and 200 WMA ($26.4k). According to Glassnode, The 111-Day Simple Moving Average, when used within the Pi-Top Oscillator, captures short-mid term market momentum. The 200-Week Simple Moving Average (200WMA) provides a tool for capturing the baseline momentum of a classic 4-year Bitcoin Cycle. A similar…