Cryptocurrency exchange Binance’s in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum’s ether.
Blockchain Bites: Canada Approves Bitcoin ETF, Options Markets Not Pricing for $100K BTC
Also: Did the CFTC “pop” the 2017 bitcoin bubble?
Money Reimagined: Narratives Wall Street Can’t Control
It used to be Wall Street dictated the big stories around finance. It’s unclear whether that’s still the case.
Blockchain Bites: DOGE Chases After GameStop, Guggenheim Doubts $30K Bitcoin
Following a tweet from “WSB Chairman” inquiring about the meme cryptocurrency, dogecoin prices went haywire.
Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.
First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop)
Risks surrounding the stablecoin tether (USDT) have been known for years, but they’re commanding fresh attention as the amount outstanding swells to $25B.
Bubbles Are Good for Bitcoin
Far from being damaging to bitcoin, bubbles help bring in new users and ultimately accelerate the project’s growth.