Bitcoin saw a rather rapid correction at the start of the week which brought it back to the $40,000 level. This correction understandably shook up some investors in the market, who rushed to panic sell in order to avoid more losses. Once the selling began to die down, the price of the cryptocurrency has been […]
Gary Gensler dismisses role of crypto in capital markets while fielding Bitcoin ETF questions
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler spoke dismissively of spot Bitcoin ETFs in a conversation with Bloomberg on Dec. 13. Gensler’s SEC today introduced new rules that are intended to reduce risk in the U.S. Treasury market. According to Reuters, those rules will require a greater number of trades to go through […]
Weekly Update #33
MARK COLLINS & DEMETRIOS TSEAS Regulatory: France’s Société Générale issues a first digital green bond on Ethereum: On Dec 4, Société Générale(SG) announced it has issued its first digital green bond as a Security Token directly registered by SG-FORGE, a regulated subsidiary of the SG group that provides Digital Assets structuring, issuing, exchange and custody… […]
Donald Trump, FIFA and Megadeth NFTs, trading volume nears $1B: Nifty Newsletter
In this week’s newsletter, read about how nonfungible token (NFT) trading volume neared $1 billion in November, and check out new NFT releases from former United States President Donald Trump, FIFA and heavy metal band Megadeth. In other news, find out why NFT platform Enjin transferred 200 million NFTs from Ethereum to its own blockchain. […]
Technology
Technology SHIB Devs Launch Name Service in Decentralized Identity Push Shiba Inu has finally rolled out its SHIB Name Service (SNS) on its Shibarium Layer-2 network, as part of the project’s push to leave its meme coin status at the kennel. The SNS allows users to replace the typically complex blockchain addresses with straightforward, easily […]
Ripple (XRP) to Hit $1 By the end of This Month? Analysts Chip In
TL;DR Recent XRP Price Dip and Optimistic Outlook: XRP has dropped from about $0.70 to $0.60, but analysts predict it could reach new highs before the end of 2023, potentially surpassing $1.20 soon. Analyst Predictions for XRP’s Future: EGRAG CRYPTO outlines two scenarios: the “Blue Route” with XRP rising to over $1.20 and an all-time […]
Twitter User Finds Critical Bug That Could Have Wrecked Your X Account—And Gets Banned for It
Every account was just one click away from a takeover, but the person who reported it has been dropped from the bug bounty program.
El Salvador’s ‘Volcano Bond’ Gets Regulatory Approval, Aims for Launch Early Next Year
El Salvador’s groundbreaking Bitcoin (BTC) “Volcano Bonds” have received regulatory approval and are slated to roll out to the public in the first quarter of next year. The National Bitcoin Office (ONBTC) of El Salvador says the country’s Digital Assets Commission (CNAD) approved the bonds after nearly two years of delays. Pro-crypto El Salvador President […]
Bitget Announces the Listing of MultiBit (MUBI), Propelling BTC Ecosystem Development
Bitget, the top Web3 firm and cryptocurrency exchange in the world, announced MultiBit’s listing (MUBI). As the first dual-sided bridge in the industry, MultiBit is a revolutionary advancement that has been painstakingly designed to make it simple to move BRC20 and ERC20 tokens across networks. In the quest for improved cross-chain interoperability and liquidity, MultiBit […]
Key Reason Behind Latest Bitcoin (BTC) Price Surge
Bitcoin reaches a new high of $42,476. The flagship cryptocurrency is buoyed by the Federal Reserve’s signal of potential rate cuts