HSBC, one of the biggest bank in UK with more than $600 billion in assets under management, is looking to expand to crypto. The global bank is hiring for a number of crypto roles, including a Product ...
Tag: Trustnodes
Fed Burns Half a Trillion – Trustnodes
The Federal Reserve Banks have reduced their total assets by half a trillion since April, down from $8.96 trillion to $8.47 trillion. That’s the biggest contraction ever in absolute terms, but percent...
China’s Ban of Bitcoin Mining is Now Just a Hashrate Blip – Trustnodes
China sent bitcoin’s hashrate diving in May-June 2021, while its price halved from $60,000 to $30,000. Close to two years on however, the only effect that had was that no block was found for an hour a...
Taproot Based Bitcoin NFTs Spark Controversy – Trustnodes
Bitcoin now has NFTs and they’re completely on-chain and they can be as much as 4MB of data, allowing for short videos and even the Satoshi whitepaper to be published on the blockchain. This may allow...
Web2 Giants Engage in Anti-Competitive Practices Against Web3 Says Paper – Trustnodes
Web2 giants like Amazon, Apple, Google, Facebook and Microsoft could use anti-competitive practices to prevent or delay Web3 disruption a new paper says. “Web3 depends on Web2, which creates condition...
Pakistan and Egypt at Risk of Currency Crisis – Trustnodes
Pakistan and Egypt are the latest countries to develop a monetary crisis as their currencies plunge while inflation jumps. Pakistan, a country with a GDP of $350 billion, is running out of money with ...
India’s Billionaire Showcases Digital Rupee – Trustnodes
Anand Mahindra, an Indian billionaire and a board member of the Reserve Bank of India, bought some pomegranates from a street vendor by paying with Digital Rupee. The payment itself was straight forwa...
Bahrain Property Giant Starts Accepting Bitcoin – Trustnodes
Bin Faqeeh, one of Bahrain’s biggest real estate company, has began accepting bitcoin and other crypto currencies. Ahmed Radhi, the Senior Relationship Manager at Bin Faqeeh, suggested that any crypto...
The Decade Long Anniversary of the Bitcoin ETF Denial Reveals SEC’s True Face – Trustnodes
At a time when one bitcoin cost $100 and its entire market cap stood at just $1 billion, the filing for an exchange traded fund by the Winklevoss twins caught the attention of even New York Times in 2...
DeFi Thirsty SEC Blocks TradFi Crypto IPOs – Trustnodes
The Securities and Exchanges Commission (SEC) wants our defi smart contracts, flashloans, and kids in Thailand forking dapps through token migration, to sign up with the agency. But SEC has failed to ...
Bitcoin ETFs Dominate For Gains – Trustnodes
Bitcoin ETFs have become the biggest gainers among all exchange traded funds for weekly returns. The ProShares Bitcoin Strategy ETF (BITO), the first bitcoin futures based ETF with half a billion in a...
20,000 Ethereans Participate in Danksharding Ceremony – Trustnodes
Ethereans are currently participating in the biggest ever ceremony for zk technology that will become part of an upgrade of the network itself. The Power of Tau, Trusted Setup, dank and protodank but ...
A Trillion Dollar Coin, is it Coming? – Trustnodes
Paul Krugman is for it. “Money is a social contrivance,” he said back in 2013, just months before calling bitcoin “evil” for being a social contrivance according to him. The Modern Monetary Theorists ...
Ethereum’s Ratio Dives – Trustnodes
The ping pong is back with bitcoin taking the show from ethereum, sending the ratio down by 0.005 BTC, or $114. One eth is now worth 0.072 bitcoin, down from a brief 0.078 and a somewhat stable 0.077 ...
Bitcoin Breaks Through the 200-Day Moving Average – Trustnodes
Bitcoin has crossed $23,000 and for the first time in a year, it has also risen above the 200-day moving average. That’s a widely watched long term indicator as crossing the moving average can signal ...
The Ethereum Blockchain Now Has A 3D Rendering Engine – Trustnodes
Ethereum is Turing complete, and to prove it a team has built an entire 3d rendering engine, all on-chain and based solely on smart contracts. “You’re sort of using ethereum as your own personal graph...
NYDIG Bitcoin Funds Near $1 Billion – Trustnodes
NYDIG, a branch of the Stone Ridge Asset Management, has sold close to $1 billion worth of bitcoin through its numerous funds. The biggest by far is the NYDIG Institutional Digital Asset Fund. This is...
Does Bitcoin Care About the Debt Ceiling? – Trustnodes
The US government spends far more than it takes in and much of that spending is on interest for their $31.381 trillion debt. This is up 50% since 2020 from $20 trillion, so the pandemic has cost the U...
Fidelity Fund Bought Shares in a Crypto SPAC – Trustnodes
The Fidelity Concord Street Trust, which kind of invests in everything with $11 billion in assets under management, has invested in a number of crypto related entities, though not in bitcoin or eth di...
Winklevoss Threaten to Sue DCG as Genesis Files for Bankruptcy – Trustnodes
Cameron Winklevoss, the CEO of Gemini Earn which held $950 million in Genesis, threatened to sue the Digital Currency Group (DCG) after its subsidiary filed for bankruptcy. “The decision to put Genesi...
Crypto May Overtake the Dollar Says JP Morgan – Trustnodes
JP Morgan, one of the biggest bank in the world has put down crypto as a possible challenger to the USD in its 2023 outlook report. The 2023 Long-Term Capital Market Assumptions report with a 10- to 1...
Coindesk Misreport Dips Bitcoin – Trustnodes
Coindesk irresponsibly sent bitcoin’s price diving by publishing an incomprehensible article that stated the Department of Justice was to make a major announcement in about one hour. Without providing...
Court Orders Audit of ConsenSys AG – Trustnodes
There’s an internal battle going on within ConsenSys, ethereum’s biggest development studio, concerning the transfer of the Zug based ConsenSys AG assets to the Delaware incorporated ConsenSys Softwar...
Defi Crypto Fund Raised $40 Million – Trustnodes
The Gadze Finance USD Market Neutral Crypto Yield Fund has raised $39.9 million from 70 investors since it launched in October 2021 according to a filing. The fund started out with $25 million, growin...
The Studies that Turned Bitcoin into an Asset Class – Trustnodes
Many studies have little effect except at the edges, but some studies change the world, in this case the bitcoin world. Amid tainted coverage in mainstream media and think tanks, it is academia that c...
Bitcoin in Passive Funds Near $10 Million – Trustnodes
The Emerald Finance & Banking Innovation Fund is the latest to disclose they hold bitcoin through the Grayscale Bitcoin Trust (GBTC). This is a fund that invests in “companies principally engaged ...
The Case For and Against Crypto Regulations – Trustnodes
Crypto currencies and assets may be about to enter the big league in a couple of years or maybe half a decade. It is foreseeable at this point that they could maybe reach $10 trillion, making them a m...
SEC Charges Genesis and Gemini – Trustnodes
Washington D.C., Jan. 12, 2023 — The Securities and Exchange Commission today charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to ret...
Bitcoin Ends the Longest Bear Market – Trustnodes
Bitcoin has risen above $18,000 while ethereum took $1,400, raising speculation that the bear is coming to an end, at least the worst of it. This has been the longest bear market in history, lasting 4...
Crypto Taking Gold Investors Says Analyst – Trustnodes
Some gold investors are going to crypto according to Axel Merk, President and Chief Investment Officer of Merk Investments. They recently launched the VanEck Merk Gold Trust (OUNZ) which lets investor...
White House Seeks Public Comments on Crypto Strategy – Trustnodes
The White House Office of Science and Technology Policy (OSTP) is seeking input on the whole-of-government effort to develop a crypto strategy. OSTP and the National Science Foundation are now co-chai...