Goldman Sachs Brings Back Bitcoin Trading Desk as the Firm Sees Crypto Market Becoming More Mature

by Kevin Helms Global investment bank Goldman Sachs has brought back its bitcoin trading desk and will start handling bitcoin futures next week. The firm is also reportedly exploring the potential for a bitcoin exchange-traded fund (ETF) and plans to provide a crypto custody service. if (!window.GrowJs) { (function () { var s = document.createElement(‘script’); s.async = true; s.type = […]

House passes COVID-19 relief bill, with $350B for state and local governments

Biden’s proposal to provide direct aid to state and local governments comes as city financial leaders are concerned about their ability to meet fiscal obligations in the coming years.Cities face a projected $90 billion budget shortfall, according to a survey released by NLC in early February. And 87% of local budget officials believe they will struggle to meet monetary obligations without further […]

Defi on Bitcoin Cash Gets a Boost- Smart Money Startup General Protocols Raises $3 Million from Investors

by Jamie Redman On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network.The company General Protocols has revealed on Monday the startup […]

Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences

by Jamie Redman Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation. On February 26, the director of the Economic and Social Research Council (ESRC) warned that bitcoin’s […]

Federal judge dismisses lawsuit against LADOT data sharing requirements

The judge’s dismissal ends an ongoing dispute between LADOT and some dockless operators in the city, especially Uber, who criticized MDS requirements for operating in Los Angeles. At the CoMotion LA conference in 2019, LADOT General Manager Seleta Reynolds said the city wanted to have a partnership with private firms, not be in disagreement. “It’s not my preference,” she said at […]

Electric cars are not enough. It's time we invest in LEVs.

The increased attention placed on electric vehicles must not leave behind two- and three-wheeled light electric vehicles, Swiftmile CEO Colin Roche writes.Colin Roche is co-founder and CEO at Swiftmile, which builds micromobility charging platforms.Recent months have seen many splashy electric vehicle (EV) headlines: Tesla continues to rise the ranks of the world’s highest-valued companies, General Motors announced its fleet will be […]

BSN and TON Labs to Provide Chinese Developer Community With Unique TON Technology

by PR Thanks to TON Labs, BSN will now be able to produce real-life applications that require a scalable backend and use cases in compliance with China’s regulatory framework while still using an inherently decentralized network to do so.China’s Blockchain-based Service Network (BSN) and TON Labs announced today that they have struck a partnership agreement to provide China’s developers […]