Joining a list of Bitcoin skeptics Professor of applied economics at John Hopkins University, John Hanke argued that Bitcoin’s continued rally was driven entirely by a herd of speculators. According to reports, Hanke highlighted that Bitcoin’s fundamental value is zero because it doesn’t pay interest like most fiat monies. According to him, “Bitcoin doesn’t payContinue reading “Will Bitcoin fall to zero after a “death spiral”, this economist thinks so”

According to Cardano Founder Charles Hoskinson, there is room for more than one smart contract platform in the market. In a recent interview, Hoskinson said, “ I think there’s definitely room in the marketplace for several strong protocols.” Highlighting the co-existence of several big tech companies, such as Google, Apple, and Microsoft, he said thatContinue reading “Ethereum, Polkadot and Cardano can all co-exist says Hoskinson”

Vice-Chairman of Berkshire Hathaway and billionaire investor Charlie Munger remains unimpressed with Bitcoin’s recent rally past $50,000. In a recent interview with the Daily Journal, Munger said he couldn’t decide what was worse – Tesla potentially reaching a $1 trillion fully diluted enterprise value or Bitcoin hitting $50,000. He said, “I can’t decide the orderContinue reading “Bitcoin is an ‘artificial substitute for gold’ acc. Berkshire Hathaway’s Charlie Munger”

California-based credit network Trustline plans to release a new stablecoin that will be deployed on the Flare Network and issued on the XRP Ledger. The new crypto-stablecoin called Aurei will be pegged to the U.S Dollar, according to a proposal shared by Trusline. According to the said proposal, Aurei will be minted through a smartContinue reading “XRP, LTC, DOGE holders might soon be able to create ‘stable tokens’ on Flare”

According to CEO Cathie Wood, ARK Invest remains “very positive on Bitcoin,” despite the world’s largest cryptocurrency falling by over 15% on the price charts. In a recent interview, Wood called the said price drop “a healthy correction,” adding that no market is straight up and everyone should know that. The exec also went onContinue reading “ARK Invest remains ‘positive on Bitcoin,’ despite ‘healthy corrections:’ CEO Wood”

In yet another legal victory for the crypto-industry, a New York District Court Judge has ruled in favor of on-chain liquidity protocol Bancor in a lawsuit that has been raging since April 2020. Judge Alvin Hellerstein granted a motion to dismiss a lawsuit against Bancor, one alleging unregistered securities offerings worth $153 million. The caseContinue reading “NYC court dismisses lawsuit against Bancor alleging securities law violation”

In what is yet another development that highlights the value attached to cryptocurrencies by institutions, Square Inc. announced today that it has purchased another $170 million worth of Bitcoin, taking its total cash equivalents in the digital asset to five percent. “Why are we doing this? We believe the Internet needs a native currency andContinue reading “Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase”

Vitalik Buterin doesn’t appear to be concerned about miners leaving the Ethereum network or a potential 51% attack. According to comments made recently on a popular Chinese forum, the Ethereum Co-Founder asserted that the risk of miners forking the chain isn’t high. “If some miners leave, new ones can come. If the miners attack 51%,Continue reading “Ethereum: Here’s Buterin’s take on the prospect of miners leaving”

Cardano is expected to see many significant upgrades over the next 60 to 90 days, according to Cardano Founder Charles Hoskinson. In an interview with Financial Fox, Hoskinson revealed that within the next two to three months, a lot of “smart contract stuff” will hit the network. The IOHK exec also disclosed that over theContinue reading “Cardano’s Hoskinson: Lots of ‘smart contract stuff’ planned for next 2-3 months”

A few days after Bitcoin’s market cap surged past $1 trillion, it’s back to square one for the market’s leading cryptocurrency. On the back of a 17% price drop on the charts, the cryptocurrency’s market cap fell below the aforementioned level again, with the same observed to be hovering around the $900 billion-mark, at pressContinue reading “Bitcoin’s market cap below $1 trillion after ‘craziest day in BTC Futures history’”

Ripple has ensured that it has a home, regardless of the outcome of the ongoing trial with the SEC, according to attorney Jesse Hynes. In a recent Twitter thread, Hynes, a partner at Hynes Law Group, claimed that win or lose, Ripple and XRP will not cease to exist. His assertions followed a recent filing thatContinue reading “Why Wyoming will be good for Ripple and XRP”

Bitcoin has been in the spotlight of late as its recent price highs have drawn in more investors from across the globe. Commenting on Bitcoin’s growth and its significance, Adam Traidman, CEO of crypto wallet company BRD noted, “What’s really interesting about cryptocurrency and Bitcoin is that it’s a very global type of movement” DrawingContinue reading “Why retail adoption of Bitcoin may be a challenge at $55,000”