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Weekly News

BTC price rejects at $23K as US dollar declines from fresh 20-year highs

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

The Fed rate hike does not offer much relief as a downtrend in stocks resumes, dragging Bitcoin with it. Bitcoin (BTC) ran out of steam near $23,000 on June 16…

Continue ReadingBTC price rejects at $23K as US dollar declines from fresh 20-year highs

Soulbound Tokens: Social credit system or spark for global adoption?

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Ethereum co-founder Vitalik Buterins Soulbound Token proposal for a robust identity and reputation system has stirred up the crypto community.Soulbound Tokens or SBTs are non-transferable, non-financialized tokens tied to a…

Continue ReadingSoulbound Tokens: Social credit system or spark for global adoption?

US Air Force taps SIMBA Chain to develop budgeting and accounting system

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers.…

Continue ReadingUS Air Force taps SIMBA Chain to develop budgeting and accounting system

Regulations and exchange delistings put future of private cryptocurrencies in doubt

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete. The core principles of cryptocurrency…

Continue ReadingRegulations and exchange delistings put future of private cryptocurrencies in doubt

Banking uses 56 times more energy than Bitcoin: Valuechain report

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Analysis of Bitcoin’s proof-of-work and the Lightning Network exposes the banking system as energy-hungry, demonstrating that Bitcoin is better for the planet. Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency…

Continue ReadingBanking uses 56 times more energy than Bitcoin: Valuechain report

Bank of Russia backs cross-border crypto payments vs. domestic trade

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said. Russia’s central bank governor Elvira…

Continue ReadingBank of Russia backs cross-border crypto payments vs. domestic trade

Ethereum sell-off resumes with ETH price risking another 25% decline in June

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Ethereum's native token Ether (ETH) slumped on June 16, suggesting that its relief rally,…

Continue ReadingEthereum sell-off resumes with ETH price risking another 25% decline in June
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