Yet, bitcoin's performance pales next to ether, the token of the Ethereum blockchain, which has skyrocketed about 50% over the past seven days as updates trickle in about the Merge. The Merge will shift the protocol from its current, energy-sapping proof-of-work model to
Global cryptocurrency exchange Binance is under the spotlight as a report claims it continued serving Iranian clients despite a company ban and economic sanctions against the country.According to an investigative report from Reuters, individuals inside the country continued to trade on Binance after
Ether and most major altcoins spent much of the day in the green; a crisis in confidence has put pressure on the USDT peg. Source link
In an interview with CoinDesk TV's "First Mover" program, Scott Freeman, co-founder and partner of financial services firm JST Capital, suggested the global unrest was hurting bitcoin's price, despite major buys over the past 10 days by Terra's Luna Foundation and MicroStrategy (MSTR),
"Bitcoin has cleared resistance defined by the daily cloud, and it is likely to confirm its breakout upon today's close," Katie Stockton, founder and managing partner of Fairlead Strategies, told CoinDesk in an email on Wednesday. While bitcoin traded slightly weak on Wednesday,
Avalanche, an Ethereum-rivaling smart contract blockchain, is adding a native version of USDC – the stablecoin backed by cash and liquid cash equivalents that is administered by Boston-based Circle.Bringing USDC to Avalanche should further grease the wheels of decentralized finance (DeFi) on the
This episode is sponsored by NYDIG.Download this episodeIn today’s Long Reads Sunday, NLW goes back to read excerpts from two Nic Carter pieces that seem particularly prescient today, as the U.S. weighs the opportunities and risks of stablecoins.Policymakers Shouldn’t Fear Digital Money: So
