As MicroStrategy stock slumps, Michael Saylor remains confident Bitcoin holdings will cover a potential margin-call on BTC-backed loans. MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans. The American business intelligence and software giant made headlines in 2021 with a…
Read more
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to Proof-of-Work and other crypto mining operations.…
Read more
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to the volatility on commodities markets brought on by the Russian invasion of Ukraine, the spread of the…
Read more
Stocks and altcoin prices bounced as the sell-off in BTC took a pause, but analysts continue to warn that further downside could occur shortly. The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9…
Read more
Bitcoin (BTC) and the broader crypto market went into a sharp selloff over the past day, led lower by a de-pegging of the partially BTC-backed stablecoin terraUSD (UST) and a falling risk sentiment globally…. Read More: Bitcoin & Crypto Selloff: Liquidations, Extreme Fear, Eyes on MicroStrategy, and Possible Support Levels Read more »Pay, Trade, Buy…
Read more
Bitcoin price declined heavily and tested the USD 30,000 support. BTC is currently (11:48 UTC) correcting losses near USD 31,700, but the bears are active near the USD 32,000 zone. A close above USD 32,000 and USD 32,500 might start a stronger increase. BTC is down almost 4% in a day and 18% in…
Read more
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S. given the growth of the market. United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a “consistent federal framework” on stablecoins to address risks to…
Read more
NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help create a Martian metaverse experience. The challenge will include various tasks, including designing several key environments for Martian astronauts, which will be rendered using Epic Games’ Unreal Engine 5 to provide a realistic…
Read more
PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews.
Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this work with VeritaTrust represents their very first grant awarded since the inception of this program.
…
Read more
The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said…. Read More: Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas – IMF Read…
Read more
