Bitcoin (BTC) halted its latest rally on Thursday, falling 5% to $39,600 as traders adopted a cautious stance before U.S. inflation data that is expected to show a massive spike in consumer prices through February. Most top altcoins also fell in line with the token.
Basketball superstar Lebron James has filed four trademark applications for “LEBRON JAMES”, “LEBRON”, “CHOSEN1”, and “KING JAMES”, which is indicative of his intention to enter the metaverse.
Streaming giant Netflix has unveiled the trailer for a new crypto crime documentary that will dive into one of the messiest Bitcoin tales to date.
Wall Street banking giant Goldman Sachs is looking to further expand its crypto derivatives offerings. As per the Bloomberg report, Goldman is currently looking to explore over-the-counter bilateral crypto options.
“Trading with synthetics on THORChain has half the swap fees, making swaps cheaper, cheap gas fees, and faster for traders. You can do near-instant trades at a high volume,” said developer Chad Barraford.
According to reports, the state of Colorado will become the first state to accept cryptocurrency for tax payments after Governor Polis signed the Digital Token Act. There are plans to potentially expand the new payment method into other areas, including license fees. After the acceptance, the crypto would be converted into dollars before being deposited into state accounts.
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has made some gloomy predictions about the economy and the future of cryptocurrency. Besides warning that we are in the biggest bubble in world history, Kiyosaki has predicted that the government will seize all cryptocurrencies.
In the wake of increasing regulatory scrutiny, Binance has sought to diversify its revenue streams and increase crypto adoption further by acquiring traditional companies in “every economic sector.”