The price of Bitcoin abruptly dropped to $8,600 in less than five minutes on June 1, and top crypto traders are split on the direction it will go. The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely […]
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Why and how to shift your business toward a decentralized system architecture amid the global COVID-19 pandemic. The ongoing global COVID-19 pandemic has upended businesses around the world, forcing companies to retool their organizations to weather one of the worst disruptions to the global economy in decades. In the face of unpredictability, both decentralization in […]
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Decentralized finance still has a few issues to overcome, but new solutions are emerging, which may help bring this technology to a wider audience. Is the missing link interoperability? It’s commonly agreed that one of the major catalysts for DeFi adoption is interoperability — the ability for every tool, smart contract and DApp to interact […]
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Members of Crypto Twitter are speculating the busiest exchange in the U.S. may be intentionally crashing its site during volatile times. Coinbase has gone offline four times in the last three months during major Bitcoin (BTC) price moves and furious users unable to access their portfolios are demanding answers. On June 1, when Bitcoin rallied […]
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Ripple continues to expand its presence in Brazil, holding a meeting with officials at the country’s central bank. Ripple, the company associated with the XRP cryptocurrency, had a closed-door meeting with the central bank of Brazil on May 30 to discuss “institutional matters”. According to the financial institution’s website, its president Roberto Campos Neto had […]
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Blockstream has launched an initiative intended to connect developers building on its Liquid sidechain with Bitcoin-focused investors and entrepreneurs. Blockstream, the firm behind the Bitcoin (BTC) sidechains Liquid and Lightning Network, has launched its “Liquid Ventures Initiative,” which seeks to connect developers looking to build on the commercial sidechain with crypto investors. The announcement follows […]
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The CEO of Kingdom Trust, a regulated custodian managing over $13 billion in assets, believes a generational shift will soon open the $28 trillion retirement industry to Bitcoin. In an interview with Cointelegraph, Ryan Radloff, the CEO of the crypto-friendly $13 billion custodian Kingdom Trust, asserted that a “generational change” will soon open the $28 […]
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The global regulatory landscape is tightening for crypto ATM operators. Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of […]
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The extreme volatility of the past 24 hours has seen $230 million in both longs and shorts liquidated on BitMEX. The recent volatility in the Bitcoin (BTC) markets has left both bulls and bears facing significant liquidations, with almost $223 million in 24-hour margin calls on leading derivatives exchange BitMEX being evenly spread between BTC […]
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The Ethereum co-founder says the crypto community needs to get with the times. Ethereum co-founder Vitalik Buterin says the current financial crisis is very different to the 2008 Global Financial Crisis that Bitcoin emerged from — and that the crypto community needs to adjust its thinking accordingly. Writing in a Twitter thread on June 2, […]
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