Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian economy’s exposure to the U.S. dollar amid heavy sanctions. Russia Now Has More Gold in
On June 25, 2020, the United States Securities and Exchange Commission brought suit in the Northern District of California against NAC Foundation LLC, also known as the NationalAtenCoin Foundation, and Rowland Marcus Andrade, the company’s CEO, alleging that the company had violated the federal securities laws by selling an unregistered, pre-functional version of an “Anti-Money
Paxos is teaming up with Chainlink in a bid to make its asset-backed tokens more widely available across the decentralized finance (DeFi) market. The Paxos Standard (PAX) and Paxos Gold (PAXG) tokens are now available on Chainlink’s oracle network, according to a blog post shared early with CoinDesk. Chainlink operates as background pricing and data
Risk management is a vital element of success for any trader in any market. No matter the size of the capital you’re trading with or investing in, losses are going to be inevitable, particularly in highly volatile markets like cryptocurrency. Learning how to manage risk to minimize losses is vital. Yet, it’s also necessary to
Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token holders to stake their coins. In the past month, NEAR has rallied by 107% and this raises questions on
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bulls buy Bitcoin’s $35,000 support retest as altcoins push higher
Privacy coin Firo, previously known as Zcoin, has launched the new protocol Lelantus on its mainnet. The implementation introduces “on-by-default” privacy and prompts users to anonymize their funds with the goal of ensuring transactions sent by official Firo wallets stay private. Transparent transactions will now have to be explicitly selected. It also allows for partial
Stacks, an open-source network for building smart-contract and DeFi bridges to Bitcoin (BTC), has secured several major partnerships in the wake of its mainnet launch — sending a strong signal that industry players are keen to back new use cases for BTC. The Stacks 2.0 mainnet officially launched on Thursday, bringing the promise of new
Hardcore decentralized finance (DeFi) adherents woke up today to a long-awaited sight on Coingecko’s top 100 rankings by marketcap: native tokens for popular DeFi platforms Synthetix and Aave have cracked into the top 20, an event DeFi observers have heralded as “The Great Repricing.” DeFi investors, users, and builders have long argued that the sector
Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position According to the video uploaded to the bank’s Youtube channel, Deltec’s large position in bitcoin (BTC) has brought “a lot
Bitcoin (BTC) has made significant moves already this year but altcoins are catching up. Once Bitcoin’s price starts to stabilize, the market environment becomes better for altcoins to begin their run. One of the strongest performers in 2021 is Polkadot, as this cryptocurrency has been making new all-time highs day in, day out. Polkadot’s price
Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get its own central bank digital currency right. CBDCs are the banking industry’s answer to cryptocurrency stablecoins. While they are often hosted on the blockchain, they share little in the way of
Numerous exchanges, like Bittrex, have delisted coins that have features to protect user privacy. Explanations of why they’ve done so have been vague or non-existent. It has set up clashes between the exchanges and Zcash, Monero and Dash over whether there is actually regulatory pressure to do so. There is a question that no one
Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial Solutions, started a petition urging local financial authorities to stop crypto transactions in the U.K. The petition reads: “Legislate
Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin’s price shot up by almostd 20%, to once again hover just under the $40,000 mark. During the same period, the institutional investment firm added 4,618 BTC to its portfolio at a current value of $182 million. Including last quarter’s intake
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Armed National Guardsmen are building up concentric perimeters of black barricades around the U.S. Capitol and its whole neighborhood of federal buildings in preparation for the Biden inauguration and protests against it on Wednesday.
