Category: TRENDS IN CRYPTOS

A new survey of institutions is signaling a big increase in crypto investing in 2022, despite current uncertainties in the market. According to a recent study by European investment firm Nickel Digital Asset Management, as many as 62 percent of worldwide institutional investors with no current exposure to cryptocurrencies plan to make their first investments...

CHINA SEES CRYPTOS AS EXISTENTIAL THREAT. There China was again last Thursday night, trying to smother Bitcoin. The People’s Bank of China (PBoC), the country’s central bank, declared all digital currency operations unlawful. Specifically, it stated: “[Cryptocurrency] services providing trading, order matching, token issuance, and derivatives for virtual currencies are absolutely banned. “Overseas virtual currency...

The Securities and Exchange Commision not only has no case, they have no clue. So said Ripple (XRP) CEO Brad Garlinghouse in a series of Tweets this weekend criticizing an SEC lawsuit that could figure big in whether the cryptosphere continues to flourish in the U.S.. Garlinghouse said the SEC’s lack of clarity with regard...

Lightning wallets, which overcome Bitcoin transaction speed and cost problems, were officially rolled out for Twitter users last week. The integration of the Strike bitcoin Lightning Wallet allows users to send and receive bitcoin, and is meant to spur crypto-typing for popular users who post on the social platform. Twitter’s move gave a boost to...

HEDGE FUND OPENS DEDICATED CRYPTO DIVISION. Hedge fund Brevan Howard has established a dedicated division to “significantly expand” its investments in digital assets. The London-based fund, with more than $20 billion under management, has hired Colleen Sullivan, founder and former CEO of crypto firm CMT Digital, to run its new BH Digital unit. The fund...

GENSLER TELLS CONGRESS “WE CAN DO BETTER.” U.S. inflation numbers continued to skyrocket, as members of Congress were still horse-trading this past week for district pay-offs in return for votes on a monstrous 3.5 trillion Infrastructure bill. The Fed’s money printing has forced Americans to try to stay ahead of the game with riskier plays...

What happens when you take Ethereum’s Smart Contract abilities, add Monero’s privacy, and roll it out on a platform that has the scalability and interoperability of blockchain networks like Cosmos? You might say it’s a Secret. Or more specifically the Secret Network, a web3 based crypto project that enables users to engage in DeFi (decentralized...

Is the U.S. government and Federal Reserve further along in development of a CBDC (Central Bank Digital Currency) than they’re publicly admitting? Project New Dawn might provide some clues. The initiative describes itself as an independent effort to develop a practical technical and regulatory pathway to an official U.S. CBDC: “The mission is to lead...

Switzerland, traditionally the world’s banking center, last week authorized its SIX stock exchange to create the SIX Digital Exchange, or SDX. The exchange will offer a single, blockchain-based venue through which traders and investors can buy, sell, and store digital tokens under “the highest Swiss standards of oversight and regulation,” promised Finma, the Swiss financial...

VOLATILE CRYPTO NEWS CENTERED AROUND EL SALVADOR. One of the biggest crypto stories over the past two weeks was another run and bust of Bitcoin Ether and other cryptos, all tied around September 6th. That was the day El Salvador officially rolled out its acceptance of Bitcoin as legal tender. After wallowing for several months...