TradeBlock will officially begin the process of shutting down on May 31. Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary. According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman Sachs for 15 years, will begin the shutdown of the platform by the end of the month, specifically on May 31. TradeBlock, dedicated...
Read More »Nvidia Set to Join Apple, Microsoft, Amazon in the Trillion-Dollar Market Cap Group
Due to a favorable forecast and AI adoption, Nvidia has seen explosive growth and could soon hit the trillion-dollar market cap. Nvidia Corporation (NASDAQ: NVDA) is fast approaching the trillion-dollar market cap due to its explosive stock surge. On Thursday, the chip maker’s shares jumped 26% following a robust earnings outlook and increased production scale. Nvidia’s market valuation sits at $950 billion, which is almost $200 million higher than it was at Wednesday’s close. The Santa...
Read More »Hardware Wallet Provider Trezor Sees 900% Jump in Sales amid Ledger Controversy
The controversy surrounding Ledger’s key-recovery service has boosted sales for its competitor Trezor. Besides, Trezor also addressed concerns over security and develops an auditable secure element through its sister company Tropic Square. The controversy surrounding Ledger’s recently released key-recovery service has ultimately benefitted hardware wallet competitor Trezor. Hardware wallet manufacturer Trezor recently reported a 900% surge in week-on-week sales. Recently, Ledger introduced...
Read More »Bitcoin Startup Lab Launches Program Supercharging Founders Building on Bitcoin
[PRESS RELEASE – San Francisco, United States, May 26th, 2023] Bitcoin Startup Lab, an industry-leading part-time startup training program and community for founders, is enabling the advent of the sustainable Web3 Bitcoin economy with its comprehensive mentorship-guided startup program beginning on June 24th, 2023. Bitcoin Startup Lab enables talented founders to become the champions they are meant to be by training founders with the necessary tools, skills, and knowledge...
Read More »Bitcoin als Inflationsschutz?
In den letzten Jahren hat der Begriff „Bitcoin“ die Aufmerksamkeit von Investoren, Finanzexperten und der breiten Öffentlichkeit gleichermaßen auf sich gezogen. Bitcoin, die erste und bekannteste Kryptowährung, hat sich als eine Art digitales Gold etabliert und wird oft als Absicherung gegen die Inflation betrachtet. In Zeiten wirtschaftlicher Unsicherheit und steigender Inflation erweist sich Bitcoin als eine attraktive Alternative für Anleger, die ihr Vermögen schützen wollen. Die Idee,...
Read More »Bitcoin als Absicherung gegen Dollar-Verfall?
Immer mehr Profianleger investieren in Kryptowährungen und sehen BTC als Absicherung gegen Dollar-Verfall – gleichzeitig steigt auch Anteil derer, die kein Interesse haben Geht es bei den Profi-Anlegern um Bitcoin, Ethereum & Co., dann zeigt sich dieser Tage ein ambivalentes Bild: einerseits steigt der Anteil derer, die investiert sind. Gleichzeitig geben auch immer mehr an, kein Interesse an einem Krypto-Investment zu haben, wie aus einer neuen Infografik von Block-Builders.de...
Read More »Bitcoin Cash Analysis: Risk of Fresh Drop to $105
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash price started a fresh decline below the $115 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $115 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase)....
Read More »South Korean Politicians Must Report Their Bitcoin Holdings Under New Law
South Korea’s National Assembly has officially passed a bill into law requiring lawmakers and high-ranking government officials to disclose their crypto asset holdings. The new law is a response to a recent scandal involving a politician allegedly violating campaign finance laws using cryptocurrency. The “Kim Nam-guk Prevention Law” According to a report from local news agency News1, the relevant amendments to the National Assembly Act and Public Service Ethics Act passed...
Read More »A Stablecoin Bank Run Could Pose “Systemic Risk” to the Financial System: EU Watchdog
The European Systemic Risk Board (ESRB) published a report on Thursday outlining the top 3 nightmare scenarios in which a crypto industry crisis could bleed in and pose “systemic risk” to the broader financial system. The top risk listed is a potential run on a “large reserve-backed stablecoin,” such as Tether (USDT) or USD Coin (USDC). Crypto’s Connection to TradFi In its 77-page report, the ESRB argued that as the volatile crypto industry grows, so too does its connection...
Read More »The Small Nation of Bhutan Has Been Hoarding a Lot of Crypto
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bhutan is a small country lodged between India, Nepal, and China on the continent of Asia. Its biggest claims to fame are its architecture, its vast open landscapes… and the big crypto stash that the nation has allegedly been hiding from the world all this time. Bhutan Has Been Hiding a Lot of Crypto Bhutan is...
Read More »