Latest from Will Canny
Citi: Ethereum’s Merge Will Have Several Consequences for the Blockchain
Ethereum will probably become deflationary as token issuance decreases while the burn mechanism is maintained, the bank said.
Bank of America Says Blockchains Have Intrinsic Value, Citing Transaction Fees
The bank's report, however, noted that the fees on the Bitcoin and Ethereum chains have fallen this year.
BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position
Binance Smart Chain, Tron, Avalanche and Solana have taken market share from Ethereum thanks to their greater scalability and lower transaction fees.
Jefferies Downgrades MicroStrategy to 'Underperform;' Shares Slump
The company holds 129,200 bitcoins, which translates into a $1 billion unrealized loss on its investment due to the fall in the BTC price, a report says.
Decentralized Music Streaming Service Audius Shifts Balance of Power, Says Bank of America
Audius moves “power, profits, control and governance from record labels and centralized [platforms] to artists and fans,” the report says.
Citi Says Crypto Contagion Appears to Have Ceased
Stablecoin outflows have been stemmed and outflows from ETFs have also stabilized, the report said.
Crypto Payments Firm BCB Group Hires Deputy CEO to Expand Internationally
Noah Sharp joins from Paysafe, where he was employed as chief banking officer.
Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources
Copper’s Series C round will value the company around $2 billion, according to two sources. The firm sought a $3 billion valuation in November.
Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
If all newly issued bitcoin were immediately sold on the market each day, it would equate to only 900 BTC of selling pressure, the report said.
Bank of America Customers’ Crypto Activity Slowed as Market Slid
Almost 70% of the U.S. population hasn't invested in or isn't interested in investing in cryptocurrencies, the bank said.
