Federal Reserve Digital Dollars, Think Tank Releases Plan for Roll Out

A think tank led by former CFTC officials is put forward a plan for the U.S. Federal Reserve to tokenize the dollar. Share this article A think tank released its plan on how the U.S. government should roll out a digital dollar. The digital dollar wouldn’t replace cash but instead act as a “third form of money” under control of the Federal Reserve, said to the plan. How to Launch a Tokenized Dollar The Digital Dollar Project, a partnership between the Digital Dollar Foundation and Accenture, has published a whitepaper…

Maker (MKR) Surges 45% Following Coinbase Listing

Like any other cryptocurrency that gets listed on Coinbase, Maker is rising sharply following the recent announcement. Key Takeaways Maker went up over 45% in less than an hour after Coinbase Pro revealed it will add support for it on June 8. If MKR continues to benefit from the “Coinbase Effect,” it could be poised for further gains. However, there is a major resistance wall ahead that must be broken first. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article DeFi leader…

Bitcoin Demand Skyrockets, but Overhead Resistance Holds Strong

Bitcoin is on the cusp of a major price movement as investors grow optimistic about its ability to serve as a hedge against economic uncertainty. Key Takeaways The number of long-term Bitcoin holders is growing at an exponential rate. With less sellers in the market, the flagship cryptocurrency could be poised for further advance. However, there is a major resistance barrier impeding BTC from achieving its upside potential. Share this article Retail and institutional investors flock to Bitcoin as concerns grow about the ramifications of current monetary policies by central…

US-China Tensions and Bitcoin on the Rise Again

Sino-American relations are under new stress as the U.S. government has added new sanctions due to China’s encroachment on Hong Kong. Historically, Bitcoin has helped investors navigate such tension. Key Takeaways Relations between the United States and China have degraded after the former claimed that Hong Kong is no longer an autonomous state. Chinese investors tend to flee to crypto in times of uncertainty, fearing the consequences sanctions have on local businesses. Economic factors have dramatically changed in the last few months, owing to which the same phenomenon may not…

$40 Billion Infosys Joins Matic Network as a Validator

Indian IT firm, Infosys, will assist Matic’s goals to scale the Ethereum network using Plasma. Share this article India’s most revered technology company, Infosys, will join the MATIC Network as an early validator. This marks a landmark partnership for MATIC and its goal of scaling Ethereum through Plasma.  MATIC Taps Institutional Player One of the first Binance IEOs, MATIC, has seen formidable price appreciation, rising 470% against BTC since it was listed in April 2019. Source: CoinGecko Now, the layer two scaling solution has been given a significant boost with…

Cardano Jumps as Shelley Hard Fork Release Date Is Confirmed

The Shelley upgrade for Cardano is set to roll out throughout the the next month sending investors into FOMO. Key Takeaways The head of IOHK revealed the official road map of the upcoming Shelley hard fork. Following the announcement, ADA’s price shoot up and could be aiming for mid-February’s high of $0.072. On-chain metrics reveal there is not any significant resistance level ahead of Cardano. Share this article One of the so-called “Ethereum killers,” Cardano has been posting significant gains over the last few hours after its creator announced when…

THETA’s Price Action Reveals “Free Money” Arbitrage Opportunities Across Crypto Exchanges

THETA’s price exploded after launching an upgraded version of its mainnet and bringing Google Cloud on board. Key Takeaways Theta Network skyrocketed over 390% in the past month. The token has, however, seen its price drop by 50% in the last 48 hours. THETA’s high levels of volatility presents arbitrage opportunities across different cryptocurrency exchanges. Share this article Volatility is back in the cryptocurrency market, and Theta Network has been one of the primary beneficiaries. THETA’s wild price action across multiple exchanges presents different opportunities to profit. Theta Network’s Price…

Deflation, Not Inflation, Will Unleash Bitcoin Prices

Free Report: The Federal Reserve is testing the limits of the dollar in the face of COVID-19. Fundamental data shows that these are the perfect conditions for Bitcoin to break into the mainstream. Key Takeaways COVID-19 pushed the stock market into panic, causing all assets to plummet, including gold and Bitcoin. The Federal Reserve is using every tool in its arsenal to prevent the economy from sinking. The fear isn’t inflation, it’s deflation. If the Fed fails to turn the economy around, then Congress may give it unprecedented printing and…

SEC Orders BitClave to Pay Its ICO Investors $25 Million

The blockchain search project has been shut down by the SEC and forced to pay investors $25 million. Key Takeaways BitClave has been designated an unregistered security and fined more than $25 million. Though not officially dead, BitClave has been inactive for months. Several other crypto projects have also been penalized by the SEC. Share this article BitClave, a 2017 ICO, has been ordered to pay back the proceeds from its token sale by the Securities and Exchange Commission. The project will pay back more than $25 million to 95,000…

Ether Options Open Interest Hits All-Time High

The booming BTC options market has overshadowed the rising volumes of ETH options on Deribit. Share this article While BTC options open interest broke past the $1 billion threshold, the growth in ETH options has gone unnoticed. Ether options have been making new highs every week and are closing in on $100 million of outstanding contracts. Ether Liquidity on the Move The bullish case for ETH has made headlines throughout the week, and the rise of ETH derivatives is a new addition to the list. Source: Skew Deribit’s options market…