The fifth-largest commercial bank in the United States, U.S. Bank, announced this week that the Minneapolis lender completed a transaction using a stablecoin it issued itself on the public Stellar blockchain. U.S. Bank Takes Its Own Stablecoin Onto a Public Blockchain The banking industry is very much involved with blockchain and stablecoins these days, and […]
Amid what seems like an endless stream of hacks, data breaches, exploits and bugs, one software flaw quietly wiped out a third of a bitcoin fund’s backing, and somehow went unnoticed for two months. Nomic Bug Leaves Alloyed BTC With a 36% Backing Hole According to the decentralized exchange (DEX) platform Osmosis, a software flaw […]
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Bitcoin slid below $77,000 to a daily low of $76,651 following a hotter-than-expected 0.4% monthly rise in the U.S. Producer Price Index. PPI Surprise Sparks Sell-Off Bitcoin’s price slid below $77,000 Thursday after the U.S. Bureau of Labor Statistics released data showing a 0.4% monthly increase in the U.S. Producer Price Index. Though largely expected, […]
Nasdaq Ventures has agreed to invest $100 million in Kraken parent Payward as the companies deepen a partnership designed to move traditional stocks onto blockchain networks and build markets that can operate beyond conventional trading hours. The investment, announced Sept. 10, adds financial backing to a relationship Nasdaq and Payward established in March. Bloomberg, citing […]
On Wednesday, Consensys Software Inc. announced plans to split into two independent companies, with consumer wallet platform Metamask breaking away from Consensys, which will remain focused on protocols and institutional infrastructure. Metamask Breaks Away as Lubin Takes the Helm Consensys Executive Chairman Joe Lubin said the company spent more than a decade helping build the […]
Despite a $6 billion long-term debt buyback by the U.S. Treasury, bitcoin experienced a volatile yet ultimately flat trading session, swinging between $78,095 and $79,650 before settling near $78,600. Volatile Trading and Middle East Conflict Bitcoin experienced another volatile trading period as it swung from just over $78,700 to $79,600, even as reports suggested that […]