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Over the past week, the bitcoin price has increased nearly 8% in a steady grind higher, taking it above the psychologically important USD 6,500 level. The most interesting thing to note about the rally, however, is that it has come without any obvious fundamental drivers to point to, and despite news coverage...
The long expected Binance Decentralized Exchange is finally having its testnet live. After almost a year from its initial announcement, a lot of progress was made. Slow and steady, BUIDL way – the Binance way. As CZ stated a few months ago: “We will continue to build and increase adoption,...
Thomas Lee, the co-founder of Fundstrat Global Advisors, believes that Bitcoin (BTC) could reach $40,000 in the near future if it surpasses $10,000. The crypto bull said that during a recent interview with the CFO of BInance, Wei Zhou. Mr. Lee is one of the most optimistic analysts and...
The US-based mutual fund giant Fidelity rolled out its much-anticipated crypto custody solution. The company made a splash a year ago when it announced the launch of a separate company, dubbed Fidelity Digital Assets, with the goal to offer the very-much-needed institutional custody services and trade execution, that is, provide...
The Committee on Payments and Market Infrastructures (CPMI), hosted by the central bank of central banks, the BIS, has released a report which informs developers and market participants how wholesale digital tokens might look like. Today, wholesale payments between financial institutions are effected through central systems and payment arrangements using...
The move from fiat currencies to new central bank digital currencies appears to be gaining traction, as one of Europe’s biggest central banks admitted that (unspecified) parts of Bitcoin’s underlying technology could be used in creating a new type of currency. The paper, which was written by the Dutch National...
A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi (decentralized finance) project – marking a first for a collective of major companies for the nation. Per Aju News, the group will comprise Hancom’s blockchain and industry 4.0 arm...
BMW Korea has launched a blockchain-powered “lifestyle” platform that rewards South Korean car owners with tokens they can redeem against flight tickets and maintenance payments. Per Aju Kyungjae, BMW Korea stated that the platform, named BMW Vantage, would be "launched on the global market” after its South Korean debut. The motoring...
Changpeng Zhao, the CEO of the largest digital asset platform, Binance, suggested that he disagrees with JP Morgan’s executive Ron Karpovich. Karpovich said that banks would always be used to move funds. According to Zhao, everyone will ultimately be in crypto, even JP Morgan. Will Cryptocurrencies Reach Mass Adoption? Changpeng Zhao...
The plot is continuing to thicken in the curious case of Tron’s Justin Sun and the lunch that never happened with Warren Buffett. As previously reported, the Tron chief and Buffett, a crypto-skeptic billionaire, had been set to meet today for lunch after the former bid USD 4.56 million for...