Data shows that Ether price dynamics are being driven by capital flows rather than network activity growth, said CryptoQuant analyst Julio Moreno. Ethereum is seeing a growing divergence between the level of activity on the network and spot prices, suggesting that transactional activity alone isn’t driving demand for Ether. Ethereum network activity has been reaching...Continue Reading

Senator Angela Alsobrooks says she’s working on a proposal to move a key crypto bill forward, but crypto and the banks will have to compromise. A US Senate Democrat says crypto and banking lobbies will both have to accept compromises amid a new proposal to move the crypto market structure bill forward. Senator Angela Alsobrooks,...Continue Reading

Bitcoin doesn’t need to take 50% of gold’s market share to reach one million dollars per coin if one is looking into the next 10 years, argues Bitwise’s Matt Hougan. Bitcoin needs to make up just one-sixth of the global “store of value” market, currently dominated by gold, to reach $1 million per coin, argues...Continue Reading

A proposal to transfer control of Aave’s brand assets and intellectual property to its DAO failed in January, prompting renewed debate over the protocol’s long-term direction. Stani Kulechov, the founder of decentralized lending platform Aave, says decentralized autonomous organizations (DAOs) need a rethink, namely, how much tokenholders vote on as opposed to input from leaders....Continue Reading

New regulatory frameworks weren’t needed when financial infrastructure shifted from paper to electronic records, so it isn’t needed for blockchain either, argues ASIC’s Rhys Bollen. Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief...Continue Reading

Nvidia founder Jensen Huang says AI will create countless jobs as buildout for the tech has only just started and will require many more workers. Artificial intelligence won’t be the large-scale job-taker as feared, as the tech needs workers to build and then maintain the trillions of dollars worth of infrastructure for it to run,...Continue Reading

BitMEX co-founder Arthur Hayes said he will start buying Bitcoin when the US Federal Reserve eases monetary policy and starts printing money amid rising tensions in the Middle East. BitMEX co-founder Arthur Hayes, who has projected Bitcoin to hit $250,000 this year, says he’d rather wait-and-see than invest in Bitcoin at the moment, holding off...Continue Reading

US President Donald Trump’s recent comments about Iran helped trigger a Bitcoin rally, leading to an uptick in social media sentiment about Bitcoin. Social media sentiment over Bitcoin has shifted back to optimism as Bitcoin recovered to over $70,000 on Tuesday, driven by US President Donald Trump’s recent comments that the war with Iran could...Continue Reading

Ripple APAC managing director Fiona Murray said there was sufficient institutional interest in Australia to warrant the costs of acquiring an Australian Financial Services License. Crypto company Ripple said it is set to secure a key financial services license in Australia through the acquisition of an Australian payments firm, adding to an international license grab...Continue Reading