Cryptocurrency Analysis and News Portal
Are cryptocurrencies a new form of money and, if so, do they threaten state power? Our friend Nic Carter has recently commented on these questions in dialogue with the Federal Reserve Bank of New York. We would like to add our perspective and thoughts on this, as we believe there is value to be
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Shocking economic data shows the U.S. economy has sunk, and real inflation has shot up. The U.S. stock market may be beginning to price in the terrible state of the real economy. Yelp released a damning report on Wednesday, revealing business closures across the U.S. have soared because of the pandemic. Meanwhile,
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Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment. Source
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Agencies from 48 states are expected to unveil a new framework today that will simplify and consolidate regulation for crypto companies. Source
Read MoreDecentralized finance, in a nutshell, promises transparency and offers beneficial terms for borrowers. DeFi platforms are supposed to build an alternative financial system for offering/receiving loans, exchanging currencies, making payments, etc. There are no banks, brokers or trusted third parties, governments are not involved, and finally, notorious middlemen are eliminated.
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Crypto custody provider BitGo has filed paperwork with New York’s financial regulator to offer its services in the state. In an announcement Tuesday, the company said it was seeking approval from the New York State Department of Financial Services (NYDFS) to act as a trust in the jurisdiction. It plans, if approved,
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The Treasury Department of New South Wales (NSW), an Australian state, is exploring regulatory reform for blockchain and other emerging technologies. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent
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Quick take:The daily Bitcoin futures trade volume is constantly decreasing. One reason for the decline could be the summer season in the Northern hemisphere providing traders with activities to do other than trading. Bitcoin is once again battling to maintain levels above $9,100. The daily trade volume of Bitcoin (BTC) futures across all
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In early June, media outlets reported that the NetWalker ransomware gang had attacked Michigan State University, or MSU. At the time, the gang threatened to leak students’ records and financial documents. The university’s officials now have said that they will not pay the ransom.According to Detroit Free Press, the unspecified
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When Patrick Nelson first ran for public office he was 25, had already founded two nanobiotechnology startups and had a deep appreciation for bitcoin. It’s that last point that gained him any media notoriety in what otherwise would have been a tame contest for a local seat of power in upstate
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