U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said. Source
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Term
'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million. Source
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Bitcoin (BTC) Prices Could Face Downward Pressure in Short Term, Trader Warns
“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich said in a note to CryptoX. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.” Source
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BTC, DOGE, XRP Prices Little Changed; Traders Expect Bearish Moves in Short Term
The bitcoin (BTC) price encountered resistance at $27,400 earlier in the day, failing to break above the 50-day moving average. In the past 24 hours, ether (ETH) lost 0.2%, bnb fell 0.6% and Cardano’s ada (ADA) and dogecoin (DOGE) were little changed. Original Source
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Namesake of Ethereum's 'Danksharding' Says 'Data Availability' Too Confusing a Term
The Ethereum Foundation's Dankrad Feist says he thinks a lot of people are stumped by the term "data availability," even as the concept gains momentum in blockchain tech circles. Original Source
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PayPal’s Stablecoin Unlikely to See Significant Adoption in the Near Term: Bank of America
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said. Source
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CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale
The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin.Joe Biden
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DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum
Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model. Source
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Crypto Lending Platform Jet, Based on Solana $SOL Blockchain, Pivots to Fixed-Rate Term Lending
Even with less risk, Moreau said, Jet’s model faces some friction from big traders like market makers who have grown used to the flexibility of variable-rate products, where they can often pull their money at any time (assuming the utilization rate isn't too high, of course). With a fixed-rate product
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‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows
Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio.Altcoin portfolio underperformed Bitcoin
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