ERC-20 token, TBTC, which lets Bitcoin holders safely copy BTC over to Ethereum and access yields from DeFi apps on Ethereum, has been launched and is ready for use on the tbtc.network, according to an announcement from the Keep Network today. According to the release, TBTC is trustless and is fully backed and matched by 1 BTC held in reserve. Meaning users can exchange 1 BTC for 1 TBTC on DeFi platforms, with the launch of this project. Moreover, TBTC …
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The U.S. Central Intelligence Agency (CIA) is showing deep interest in crypto and blockchain as it rolls out a new research and development arm dubbed as CIA Labs. The CIA says its new in-house research and development hub is a chartered member of the Federal Laboratory Consortium of Technology Transfer – a nationwide organization of more than 300 federal labs, research centers, and agencies. Under the initiative, CIA Labs will be able to collaborate with experts across industries to conduct …
The price of Bitcoin rejected the $11,100 resistance level with a steep 6% drop. Analysts tell Cointelegraph what will likely happen next. The price of Bitcoin (BTC) brutally rejected the $11,100–$11,300 resistance range with a 6% drop. Following the steep pullback, analysts remain cautiously optimistic toward BTC and the rest of the cryptocurrency market. Analysts have generally attributed the short-term fall of Bitcoin to the uncertainty around the COVID-19 pandemic. On Sept. 21, the Dow Jones Industrial Average fell by …
The Bitveno Dollar Fund is a mutual fund that allows you to conveniently invest and earn returns in US Dollars. The fund invests in US Dollar denominated securities like Sovereign Eurobonds, Corporate Eurobonds, Money Market instruments and other quoted Corporate Eurobonds. The objective is to offer you competitive returns than is obtainable from average domiciliary bank accounts. DETAILS OF THE FUND Fund Manager: Bitveno Asset Management Limited Base Currency: US Dollar & BITCOIN Nature of the Fund: Open Ended Minimum Initial …
With government agencies getting more savvy at tracing blockchain transactions, laws like the EU’s GDPR may play a role. Anti-establishment and counter-government sentiments fuelled the early days of crypto. More than a decade later, crypto is slowly moving away from its wild-west early days and into a more organized system that traditional financial institutions are reluctantly adopting. Crypto has also managed to attract the no less reluctant attention of various regulators. With reactions ranging from a complete ban on crypto …
The price of Bitcoin surged past $11,000 for the first time in 13 days as traders discuss where BTC is headed next. The price of Bitcoin (BTC) broke above $11,000 at last, after 13 days within a tight range. But this time, the market dynamic is different because Ether (ETH) and most decentralized finance tokens are declining. As Bitcoin rose to as high as $11,024 on Coinbase on Sept. 16, Ether, DeFi tokens and the majority of altcoins stayed stagnant. …
The price of Bitcoin is now at a pivotal point after a 45-day range period, as crypto traders see both strong bearish and bullish scenarios. The price of Bitcoin (BTC) has remained stagnant in the $9,300–$9,500 range for seven days with low volatility. Traders expect the top cryptocurrency to see a huge price movement in the near term. However, prominent crypto traders are divided on whether Bitcoin will see a resumption of a bearish trend by revisiting the $7,000s in …