Downfall in crypto over poor CPI readings causes above $250 million in futures losses

    Bitcoin and Ether fell below recent support levels in the past 24 hours – BTC fell about 9%, while ETH dropped 6% – which caused over $250 million in liquidations. The crypto market drop followed the decline in US stocks after higher-than-expected inflation readings for August. According to data, futures tracking Bitcoin lost upwards of…

    SEBA Bank Launches Ethereum Staking to Enable Institutional Access to Staking Economy
    14 Sep 2022

    Platform addresses market demand for institutional-grade digital asset yield and staking services Staking services will enable institutions to earn rewards on the USD 190 billion market cap Ethereum blockchain Launch broadens access to sustainable crypto investment products, as Ethereum reduces energy consumption by estimated 99.95% Zug, Switzerland – 12 September 2022 SEBA Bank, a leading…

    KKR puts part of its $491 billion Private Equity fund on Avalanche blockchain
    14 Sep 2022

    US investment firm KKR & Co. has made its Health Care Strategic Growth Fund available on the Avalanche blockchain. The firm hopes that a tokenized fund will increase accessibility to individual investors. As The Wall Street Journal reported, investment giant KKR, which had $471 billion in assets under management at the end of 2021, is…

    Bitcoin should change … Slowly

    Reconsidering the first cryptocurrency’s slow-and-steady approach to development, as Ethereum’s “Merge” nears – writes Chris Castiglione on CoinDesk. Bitcoin is slow to change. Transaction speeds are too slow for a global payment system. The community is reluctant to embrace novelty. And the rate of new innovation, in comparison to nearly every other blockchain, is tortoise-like….