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Crypto
Stablecoins Like Tether Could Pose New Risks to Securities Markets, Warns Fitch
“We believe it will not directly affect the CP market due to the government-securities focus of Diem’s declared reserve allocation plan, but alternative allocation strategies remain possible and, depending on its scale, the operator may…
BTC price passes $57.4K in a fresh surge toward February resistance
Bitcoin (BTC) kept markets guessing into the Wall Street open on Oct. 11 after seeing rejection on hitting its highest since May.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price teases $58,000 February highData from…
Link Global Faces $7.1M Fine From Alberta Utilities Regulator: Report
A Vancouver-based data center and power firm could face a $7.1 million fine from the Alberta Utilities Commission (AUC) for setting up two sites in the Canadian province without permission.Link Global set up a site in Sturgeon County using…
Treasury Secretary reportedly against amending crypto language in infrastructure bill
On Wednesday of this week, several U.S. senators proposed an amendment to an infrastructure bill which would clarify language concerning crypto. Even though that proposal seemingly has the support of the white house, U.S. Treasury Secretary…
Avalanche launches upgraded bridge, prepping DApps for mainstream adoption
Avalanche (AVAX) is replacing its months-old Avalanche-Ethereum Bridge, or AEB, with the aptly named Avalanche Bridge, or AB, according to a Medium post from the company. This newer bridge is allegedly fives times cheaper than the previous…
Illusion or reality? Crypto demand either faltering or poised to charge
BlackRock is the world’s largest asset manager, so when its CEO, Larry Fink, remarked recently that he was seeing “very little in terms of investor demand” with regard to crypto and Bitcoin (BTC) based on “my last two weeks of business…
Nonfungible tokens from a legal perspective
A nonfungible token (NFT) can be both a representation of a physical or digital asset that only exists on the internet — a programmable piece of art. It provides ownership of an underlying asset, like a painting, and it can also represent a…
If this is a crypto bear market, how long can it last?
It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peakThe downturn…