Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake (PoS) protocol.  Anchorage announced on Tuesday its intention to introduce ETH staking — a
0 Comments
Bitcoin (BTC) held steady at just above $20,000 after the June 29 Wall Street open as Europe’s chief banker admitted the world would “never” return to low inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Lagarde on inflation: “I don’t think we’re ever going back” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD looking nonvolatile
0 Comments
Terra’s $40-billion experiment to create a functional “algorithmic stablecoin” project has failed drastically following its collapse in May. Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week. Dead stablecoin walking To recap, UST lost its U.S. dollar peg in May following mass withdrawals from Anchor Protocol, a lending
0 Comments
Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s
0 Comments
Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart LLP. In an analysis piece published on Law360 on June 28, lawyers from Choate Hall & Stewart LLP, including Mike Gass, Diana Lloyd and Alex Bevans, noted increasing evidence that “novel
0 Comments
Your favorite trader is saying Bitcoin (BTC) bottomed. At the same time, the top on-chain indicators and analysts are citing the current price range as a “generational buy” opportunity. Meanwhile, various crypto and finance media recently reported that Bitcoin miners sending a mass of coins to exchanges are a sign that $17,600 was the capitulation
0 Comments
The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates.  As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could drop to as
0 Comments