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U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies. Bitcoin's (BTC) negative correlation with the U.S. dollar index (DXY) has broken in recent weeks, with the top cryptocurrency struggling to gather upside traction amid continued sell-off in the greenback. The situation, however, may not last long, per one observer. The dollar index, which...
The news comes less than a month after Binance announced their plans to integrate Bit Lightning Network. Cryptocurrency exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform for BTC withdrawals and deposits. The development wasconfirmedby Binance in a July 17 blog post, where they noted thatBinance userscan now use the layer-2 scaling solution for BTC...
CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. Ripple Labs scored a victory in the United States District Court in the SouthernDistrict of New York on July 13 as Judge...
An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address. (Shutterstock) The moment finance giantBlackRock filed to create a spot bitcoin ETFin the U.S., market watchers wondered whether the world’s biggest asset manager had a...
With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes. With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes. Stablecoin use could be “stifled” by...
Binance CEO 'CZ' Brushes Off News of Top Executive Departures Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over the exchange's handling of DOJ investigations. Departures of key executive personnelfrom Binance are part of the company’s usual turnover of staff, Binance CEO...
Creditors of the crypto financial firm Genesis propose a package $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder. Gemini co-founders Tyler and Cameron Winklevoss. (Getty Images) Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a "final offer" in...
The rumors, which have set crypto Twitter ablaze, are the latest example of AI disinformation at work. The rumors, which have set crypto Twitter ablaze, are the latest example of AI disinformation at work. False rumors have again been spreading over the resignation of United States Securities and Exchange Commission (SEC) chair Gary Gensler — this time, however,artificial intelligencehas seemingly...
The refiling for the asset manager's previously-rejected fund comes about two weeks after BlackRock applied for its own spot bitcoin ETF. Fidelity Investments sign (Jonathan Weiss/Shutterstock) Asset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF. The move comes roughly two weeks afterBlackRock's (BLK) iShares unit submitted paperworkfor the iShares Bitcoin Trust, also...
Mastercard (Alina Kuptsova/Pixabay) Mastercard is setting up a testbed, dubbed the Multi-Token Network (MTN), which will begin by exploring tokenized bank deposits, and which will be available in beta mode this summer in the U.K. Raj Dhamodharan, head of crypto and blockchain at Mastercard, said a number of banks and financial institutions are being invited to participate, and the MTN...
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