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Weekly News

Celsius CEO Alex Mashinsky Interview: UST Depeg, Bear Markets, DAOs

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

The first time we interviewed Alex Mashinsky was in July 2018 in the heart of a bear market. Bitcoin was about $6,500. The Celsius app was about to launch.  The…

Continue ReadingCelsius CEO Alex Mashinsky Interview: UST Depeg, Bear Markets, DAOs

JPMorgan trials blockchain for collateral settlement in after-hours trading

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

“What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” stated JPMorgan’s global head of trading services Ben Challice. Multinational investment bank JPMorgan Chase & Co…

Continue ReadingJPMorgan trials blockchain for collateral settlement in after-hours trading

Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.” Bill Miller…

Continue ReadingBillionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

ETH dropped below a key support in its USD/BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal. The cryptocurrency market was hit with…

Continue ReadingFalling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

Brainard tells House committee about potential role of CBDC, future of stablecoins

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system. United States Federal Reserve vice chair Lael Brainard submitted…

Continue ReadingBrainard tells House committee about potential role of CBDC, future of stablecoins

‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said. Tether’s decision to launch a new digital asset pegged to the Mexican peso will be…

Continue Reading‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino

Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

  • Post author:admin
  • Post published:May 27, 2022
  • Post category:Weekly overview

SOL price can preserve the bullish bias, however, as its two multi-month support levels converge for the first time. Solana (SOL) dropped on May 26, continuing its decline from the…

Continue ReadingSpooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why
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