Blockchain Explained

2024-05-16 20:25:27 QCP expects current momentum to push the bitcoin price back to all-time highs

QCP Capital today stated that it expects the price of bitcoin to ride back to the highs of $74,000 after the latest Consumer Price Index print in the United States saw risk assets surge yesterday. "We expect bullish momentum here that could take us back to the highs of 74k," the institutional-focused firm wrote in the Telegram channel QCP Broadcast, citing buy-side demand.

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2024-05-16 09:40:20 Worldcoin open-sources revamped biometric data system

Worldcoin Foundation has introduced a new system using Secure Multi-Party Computation (SMPC) for biometric template protection, developed with cryptography engineers from TACEO. The advancement has allowed the foundation to securely delete the previous iris code system. The move is part of the foundation’s effort to be more transparent after multiple countries raised concerns over its data collection practices.

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2024-05-15 21:44:56 Babylon partners with pSTAKE to launch Bitcoin liquid staking

pSTAKE Finance, backed by Binance Labs and a prominent figure in the liquid staking sector, is set to introduce a novel liquid staking solution for Bitcoin, constructed on Babylon’s framework. This development marks a significant extension of pSTAKE’s offerings beyond its initial focus area within the Cosmos network, where it first introduced liquid staking in 2021.

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2024-05-14 20:34:56 Tornado Cash developer Alexey Pertsev sentenced to 64 months: report

Tornado Cash developer Alexey Pertsev was convicted on money laundering charges. A Dutch court convicted Pertsev, 31, of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and Aug. 10, 2022, DL News reported. A three-judge panel sentenced the developer to five years and four months in prison. “Tornado Cash in its nature and functioning is a tool intended for criminals,” one of the judges overseeing the case reportedly said.

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2024-05-14 08:14:57 Crypto prime brokerage firm Falcon Labs settles with CFTC over registration violation

Crypto prime brokerage firm Falcon Labs, Ltd. settled with the U.S. Commodity Futures Trading Commission after the agency said it should have been registered, marking the first case of its kind. The CFTC issued an order against the Seychelles-based firm and subsequently settled, according to a statement released on Monday. The agency said Falcon Labs was an "intermediary facilitating its customers’ trading on various digital asset exchanges." .

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2024-05-13 20:25:01 Coinbase can't force the SEC to write new rules, SEC argues in new brief

The SEC has filed a new form arguing that Coinbase's petition to order the agency to develop a new regulatory system for crypto "from the ground up" should be denied. "The Commission’s determination that the rulemaking Coinbase seeks is currently unwarranted was both reasonable and reasonably explained," the SEC said, in a case before the U.S. Third Circuit Court of Appeals.

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2024-05-12 20:29:59 South Korea's Bitcoin Premium Narrows, Yet Remains Above Global Average

Recent figures show that despite bitcoin’s downturn in price, premiums in South Korea have diminished yet remain around $1,800 to $2,000 higher than BTC’s weighted global average price. Further metrics reveal that the South Korean won still ranks as the second most traded fiat currency against bitcoin, accounting for 2.07% of all spot bitcoin trades, only behind the U.S. dollar.

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2024-05-11 18:50:49 Crypto Custody Tech Firm Fireblocks Seeks New York-Regulated Trust Company

Cryptocurrency safekeeping specialist Fireblocks plans to establish a limited-purpose trust company under the purview of the New York Department of Financial Services (NYDFS). The New York-based company is also creating a network of licensed custodians, the Global Custodian Partner Program, which will launch this quarter with an initial group of companies based in the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.

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2024-05-11 10:01:02 Mark Cuban slams SEC's Gary Gensler, says 'crypto voters will be heard' in the 2024 election

Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump's courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. "If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the SEC," Cuban wrote on the social media platform X. "Crypto is a mainstay with younger and independent voters.".

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