2022 looks to be a transformative year for the cryptocurrency ecosystem as the focus on interoperability between siloed blockchain networks comes to the forefront and a multitude of projects announce plans to interconnect their platforms with other protocols. One sector of the crypto ecosystem that will play a vital role in ensuring smooth communication and interaction between … [Read more...] about Oracle tokens turn bullish as blockchain projects focus on interoperability
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What the Fed’s ‘Hawkish’ Turn Means for Bitcoin
This episode is sponsored by NYDIG.Download this episodeYesterday in the wake of the FOMC meeting, the Federal Reserve signaled a hawkish turn. Asset purchases will be tapered at twice the speed, and the Fed is now anticipating three rate hikes next year. So why, in the wake of all that, are risk assets going up, and five-year inflation expectations climbing?See also: Bitcoin … [Read more...] about What the Fed’s ‘Hawkish’ Turn Means for Bitcoin
Kazakhstan could turn to nuclear power to keep its Bitcoin mining industry running
As per Nikkei Asia, Kazakhstan’s president Kassym-Jomart Tokayev has suggested building a nuclear plant to sustain Bitcoin mining in a bid to support the profitable crypto mining activities in the nation “Looking into the future, we will have to make an unpopular decision about the construction of a nuclear power plant,” said Tokayev in a bankers meeting held in Almaty last … [Read more...] about Kazakhstan could turn to nuclear power to keep its Bitcoin mining industry running
Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Decentralized finance (DeFi) is fast becoming a preferred avenue to hedge smaller cryptocurrencies beyond bitcoin (BTC) and ether (ETH), as leading centralized derivative exchanges like the Chicago Mercantile Exchange and Deribit remain fixated on the two market leaders.Singapore-based QCP Capital, an early investor in the dominant centralized crypto options exchange Deribit … [Read more...] about Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Southeast Asian financial institutions turn to the Ethereum blockchain
Blockchain innovation is surging throughout Southeast Asia, as the region is home to a number of fintech firms and global crypto companies. In particular, Singapore has become one of the world’s most crypto-friendly countries. This was recently highlighted in a report conducted by crypto exchange Gemini, which found that 67% of 4,348 respondents currently own crypto. The report … [Read more...] about Southeast Asian financial institutions turn to the Ethereum blockchain