Cryptocurrency Analysis and News Portal
Today marks five years of the BitLicense, the controversial crypto safety rail enacted by New York State’s top financial watchdog. In half a decade only 25 licenses have been doled out, including two to a firm associated with the BitLicense’s architect, former head of the New York State Department of
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Yesterday, it came to light that crypto functionality may come to PayPal and Venmo. If true, as substantiated by three anonymous sources and indicated by an open position for a senior blockchain research engineer, 325 million users would be able to buy and sell crypto. “If it does happen, it has the potential
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Bitcoin is one of the only sources of funding available for the “pirate” science site, Sci-Hub, which is quietly engaged in war against copyrights. Despite Bitcoin’s ability to disintermediate money from politics, a new quantum computer may eventually crack its code. Here’s the story: You’re reading Blockchain Bites, the daily roundup of
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The COMP governance token is seeing massive gains (increasing more than 270% day over day, according to CryptoX’s First Mover team), as well as potential listings on Coinbase Pro and CoinFlip, a crypto ATM network. This wild, retail-driven speculation is also driving value into Compound’s smart contract. With $395 million locked up, Compound is gunning for
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The Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a report from the Drug Enforcement Administration (DEA) showing how the agency failed to properly
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The number of bitcoin whales is at its highest level since 2017, as the network adjusts its difficulty setting for the first time post-halving. Elsewhere, Canada is hiring a CBDC expert, Thailand is using a blockchain to issue bonds and Kraken is expanding into Australia. Here’s the story: You’re reading Blockchain Bites,
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Canaan Creative’s stock dipped below $2, its lowest price since the firm went public in November. Experts say demand for new mining equipment may have weakened after the Bitcoin network’s halving event in May. Meanwhile, the U.S. Air Force is using a blockchain startup to monitor its supply chain logistics, and an
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Top ShelfView From the BanksIn an investor note, JPMorgan Chase & Co. analysts noted bitcoin’s success in outperforming traditional assets in March on a volatility-adjusted basis, and also found liquidity on major bitcoin exchanges was more resilient than for traditional assets such as equities and gold. Meanwhile, Mason Privatbank Liechtenstein AG
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Top shelfDigital DollarsOn Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar is distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National
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Top shelfCBDCsThe House Financial Services Committee (FSC) Task Force on Financial Technology will convene Thursday to discuss digital currencies and other novel technologies. This includes a discussion on how FedAccounts and other digital tools might help the federal government distribute stimulus payments to help Americans suffering the economic fallout of
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