Category: TRENDS IN CRYPTOS

DeFi, or “decentralized finance”, is a sector where blockchain technologies have experienced exponential growth in 2021. In just the past few months, the dollar value of DeFi activity has more than doubled, from one to two billion dollars. The Trends Journal has been reporting on the explosive potential of DeFi, in articles including “WILL BLOCKCHAIN...

$60 THOUSAND MORE LIKELY THAN $20 THOUSAND FOR BITCOIN. Senior commodities analyst at Bloomberg Intelligence, Mike McGlone, believes Bitcoin (BTC) has a greater chance of rebounding to $60,000 than falling below its present support level of around $30,000, and dropping down to $20,000. McGlone compares Bitcoin’s current price movement to the “too-cold” period of the...

Amazon’s announcement that it was on the hunt for crypto expertise, made headlines for obvious reasons last week. Any indication that the largest online retailing platform might be looking to facilitate crypto payments, had huge implications. The company issued a call for a blockchain expert in a job post, also citing desired expertise in “central...

Central banks are in a frenzy over what to do about decentralized blockchains, as they realize now just how much of a sea change they represent. The trouble for oldline powers is that “cypherpunk” talent that started the revolution has had a 10-year jump in creating their vision, and they have no intentions of ceding...

When China banished Bitcoin, it signaled more than just a crackdown against insurgent economic activity.  China’s system cannot take advantage of the decentralized blockchain revolution, because their political, and increasingly, their economic vision is directly opposed to the decentralization and autonomy literally embodied in the code of blockchain protocols. The U.S. and the western nations...

Binance, a major cryptocurrency exchange and trading platform, has come under regulatory fire from Hong Kong and Lithuanian officials, following crackdowns by Italy and the U.K. On 28 June, Britain’s market regulating agency banned the exchange from offering crypto derivatives, which it deems too risky for retail investors, and stock tokens, a Binance innovation that...

Cryptocurrencies in Europe should be overseen by the European Union’s (EU) market regulation agency, not individual nations, France has urged. Regulators across the continent are calling for tighter controls over digital money out of fears that criminal syndicates are using the $1.5-trillion crypto market to launder money and cloak drug-smuggling and other illegal activities. France...

COINBASE CEO BITES BACK AT DOGECOIN CREATOR. Brian Armstrong, the co-founder and CEO of Coinbase, a Nasdaq-listed cryptocurrency exchange, took to Twitter to reply to Dogecoin (DOGE) co-creator Jackson Palmer’s recent attack against cryptocurrencies. On Thursday, Armstrong outlined some of the most significant advantages of cryptocurrencies such as Bitcoin (BTC), emphasizing that crypto is “simply...

Following China’s ban on bitcoin mining, Nasdaq-listed BIT Digital is relocating 14,500 bitcoin ASIC miners to the United States. Following legal changes in China, the company stated in a statement on Thursday that it halted operations and has expedited its migration to North America, which began in October of last year. The majority of BIT...

Square CEO Jack Dorsey has disclosed that the company is forming a new division dedicated to developing decentralized finance (DeFi) services based on the Bitcoin network. Friday tweets by Dorsey, also the founder and CEO of Twitter, announced: Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open...