Joining the ranks: Bitcoin’s correlation with gold and stocks is growing
BTC used to be an uncorrelated asset, but that’s no longer the case. What can gold and stocks suggest about the crypto markets? Bitcoin (BTC) is an uncorrelated asset, or…
Chainlink Grants Program Expands to Include Social Impact Initiatives
The Chainlink Community Grant Program is expanding beyond smart contracts and blockchain projects focused on the Chainlink ecosystem Social Impact Initiatives will now be included in the Chainlink Community Grant…
Ethereum’s ‘London’ hardfork set to go live on testnets starting June 24th
Three Ethereum testnets now have a set date for the London hardfork, a key step towards a full mainnet implementation. The hotly anticipated “London” Ethereum hardfork now has a set…
Pro basketball league in Canada will offer players Bitcoin salaries
“The ability to have part of my salary go directly into an investment that I believe will appreciate greatly over the next 10-30 years is a no-brainer,” said Guelph Nighthawks…
Even Elon Musk can’t save Dogecoin from crashing another 60%, analyst asserts
The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go. If one looks at Dogecoin (DOGE)…
Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital
Mike Novogratz’s Galaxy Digital will serve as the counterparty entity for Goldman Sachs’s Bitcoin futures trading product. Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client…
Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds…
Spain’s BBVA Opens Bitcoin Trading to All Private Banking Clients in Switzerland
Spain’s second-largest bank, BBVA, is opening up its bitcoin trading and custody service to all private banking clients in Switzerland in a few days. The bank has been testing the…
Nestree Launches a Reward-Based Digital Commerce “Nestree Mall”
PRESS RELEASE. A South Korean blockchain-based community messenger “Nestree” has announced that it is launching an innovative and cutting-edge reward-based digital commerce platform called “Nestree Mall’. Nestree Mall is part…
Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report
According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed…
Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst
Bitcoin’s production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows. China’s crackdown on Bitcoin (BTC) mining may have unintended benefits…
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
The Agricultural Bank of China previously debuted digital yuan ATMs this January. China continues apace with the adoption of its central bank digital currency (CBDC) as major banks launch a…
Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients
BBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments. Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank…
Bitcoin pinned below $38K as investors stash record $756 billion with Fed
Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program. Bitcoin (BTC) suffered as investors moved a record…
City in Sichuan reportedly orders crypto miners to shut down for investigation
Crypto miners in Ya’an City have reportedly been ordered to temporarily shut down their operations. Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province…