Peter Schiff warns inflation is accelerating and the Fed is failing, arguing gold is poised to soar as real interest rates fall and economic instability grows. Peter Schiff Sounds Alarm on Inflation and Economic Instability Economist and gold advocate Peter Schiff has issued a stark warning about inflation, arguing that the Federal Reserve’s response is […]
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Peter Schiff Calls Gold Sell-Off a Huge Mistake—Rising Inflation ‘Very Bullish’ for Gold – Economics Bitcoin News
Story Protocol Launches to Let People to Register IP and Get Paid For It
Story Protocol launched its intellectual property-focused blockchain and associated IP token on Thursday.
The blockchain is positioned as the “world’s intellectual property network,” providing users with a way to register their IP and track how others use it. The aptly named “$IP” token, which Story announced last week, is used for transaction fees and offers users a vote in the platform’s governance system.
“Story is creating a new standard for IP, making the $61 trillion asset class programmable so IP is tracked, protected, and monetized, allowing everyone to see the upside,” the project said in a statement shared with CoinDesk.
So far, the idea seems to have had legs — at least with investors. PIP Labs, the chain’s primary developer, raised $80 million in a Series B venture funding round led by Andreessen Horowitz (a16z), bringing the project’s total funding to $140 million.
PIP has sought to position Story at the intersection of blockchain and artificial intelligence, a way for people to track and get paid for data used to train AI models.
“Without great original IP, the AI models don’t develop,” PIP Labs co-founder and CEO SY Lee told CoinDesk. Today, AI is “taking, stealing all your data without your consent,” he said.
The Story mainnet launch accompanies the first unlock event for the just-announced IP token. “Story is unlocking 25% of the initial 1 billion $IP, with 58.4% devoted to the ecosystem and community, foundation, and initial incentives,” according to the project.
Ethereum Foundation deploys $120M to DeFi apps; community celebrates
Community members celebrated as the Ethereum Foundation deployed 45,000 ETH to decentralized finance protocols Aave, Spark and Compound.
Grand Theft Crypto: Family Kidnapped for $15 Million Ransom in Chicago – Security Bitcoin News
Recently unsealed court records indicate that a family was kidnapped by a group of six individuals in Chicago last November. Kidnappers asked for a $15 million ransom in cryptocurrency before releasing the family near a dry cleaning business. Kidnappers Demand $15 Million Crypto Ransom for Release of Family in Chicago As crypto gains relevance, more […]
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Robinhood CEO says ‘innovation-friendly’ US crypto policies a ‘tailwind’ for firm’s future
Robinhood CEO Vlad Tenev said the crypto-friendly environment gaining shape in the US would be a “tailwind” for the firm’s business due to the benefits stablecoins and tokenization offer compared to the traditional financial system.
During an interview with Bloomberg TV, Tenev praised the “innovation-friendly regime,” which would boost Robinhood’s traditional and crypto businesses and other key areas of the trading platform.
He added:
“It’s great to see an innovation-friendly that is coming in that believes that the US needs to be number one in business and innovation. I think that will be good not just for Robinhood but for every industry we operate in.”
24/7 liquidity
Crypto trading became essential to Robinhood’s business, representing $358 million in transaction-based revenue, equivalent to 53% of the total.
Regarding this offer, Tenev confirmed that one way to facilitate crypto-to-fiat on and off-ramping is by using stablecoins, as this allows trading to continue without downtime.
Tenev said:
“Stablecoins solve that problem because it’s a 24/7 network that is running on software. I think that just shows you one of the advantages of crypto technology over the traditional financial system.”
He added that this also translates to regular trading, liquidity pools, and trading of traditionally illiquid private assets other than money transfers. However, Tenev also warned that stablecoins must accrue yield to compete with other methods of holding and transacting dollars.
Robinhood wants to introduce this idea to the Global Dollar Network, an open initiative anchored by the Global Dollar (USDG) that promotes stablecoin adoption globally. He explained that cash deposited in banks can accrue a 4% yield in a high-interest environment, which is not simple to experience with stablecoins.
Trillion-dollar market
Speaking to investors on Feb. 12, Tenev revealed that tokenization excites him the most about crypto and its underlying technology.
Tokenization is the process of representing a real-world asset on a blockchain, either in whole or in part. It enhances liquidity with a market live without interruptions and speeds up settlement times.
When questioned about Robinhood’s plans for tokenization in the near term, Tenev revealed his belief that tokenized private company stocks resonate best with US investors.
He shared:
“I think it’s ludicrous that customers are free, retail is free, to invest in a wide collection of memecoins and other alternative assets, but OpenAI, SpaceX, and other private companies that early backers have seen 100x, sometimes 1000x or more returns, are impermissible and are seen as too risky.”
If the blockchain industry gains regulatory clarity, allowing the connection between crypto and securities, the addressable sector will become a trillion-dollar market composed of every private and public listed equity.
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XRP Price Prediction for February 14
After a continuous price drop, XRP is on the verge of breaking out from its prolonged consolidation phase, a key resistance zone. The key reason for this bullish outlook is the price rebound across the cryptocurrency market.
XRP’s Price Momentum
With the shift in market sentiment, XRP’s price has soared by 2.50% in the past 24 hours and is currently trading near the $2.51 level. This price surge has pushed the asset close to the upper boundary of its consolidation zone at $2.54.
If market sentiment remains unchanged, there is a strong possibility that XRP could breach this prolonged hurdle and surge by 30% to reach the $3.32 level.
XRP Key Levels and Over-Leveraged Positions
Looking at the bullish outlook, intraday traders holding long positions are strongly dominating XRP, having maintained significant open positions over the past 24 hours.
Data shows that traders with long positions are over-leveraged at $2.386, where they have built $65 million worth of long positions. Meanwhile, $2.533 is another key level where traders with short positions are over-leveraged, currently holding $20 million worth of short positions.
Looking at the current XRP price in relation to the liquidation level, it appears that $20 million worth of over-leveraged positions is at risk of liquidation, as the price is near the $2.533 level. If this level gets liquidated, there is a strong possibility that XRP could easily reach its predicted level due to minor bets by short traders.
‘DOOD’ Token Revealed: Doodles’ Latest Play in the High-Stakes NFT Arena – Crypto News Bitcoin News
The non-fungible token (NFT) enterprise Doodles has unveiled plans to debut a Solana-powered digital currency, capped at roughly 10 billion units. NFT Project Doodles Sets 10 Billion ‘DOOD’ Tokens in Motion On Thursday, the brand’s X account proclaimed the arrival of *DOOD*, its official blockchain asset. “Introducing DOOD, the official token of Doodles,” the announcement […]
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Crypto landscape: ten years of growth, change, advances and retreats
Many top coin projects a decade ago have fallen off, while Bitcoin remains resilient and has made the most gains in ten years.
Foresight Ventures Listed Among 2024’s Top 5 Global Crypto VC Firms – Crypto News Bitcoin News
Foresight Ventures was recognized as one of the top five most active crypto venture capital firms globally in 2024, according to Cryptorank data. Foresight Ventures Recognized for Active Role in Crypto Funding The Singapore-based firm, Foresight Ventures, completed approximately 50 to 60 funding rounds last year, placing it among peers such as Cogitent Ventures and […]
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Coinbase (COIN) Q4 Results Were Reported on Thursday
Coinbase (COIN) topped already strong estimates for fourth quarter results, posting a 138% year-over-year gain in revenue amid the major bull move in crypto surrounding the November election of Donald Trump.
The leading U.S. crypto exchange posted fourth quarter revenue of $$2.27 billion against consensus $1.84 billion and $1.26 billion three months prior.
Adjusted earnings for the three months of of $1.3 billion topped consensus of $906.9 million.
Trading volume in the fourth quarter was $439 billion, up 185% from the year-ago level. Transaction revenue of $1.56 billion was higher by 194% year-over-year.
“Crypto’s voice was heard loud and clear in the U.S. elections, and the era of regulation via enforcement that crippled our industry in the U.S. is on its way out,” said CEO Brian Armstrong in his shareholder letter. “Our goals in 2025 are to drive revenue, drive utility, and scale our foundations.”
Shares of Coinbase are up just modestly in after-hours trading, but the stock already rallied 8.5% during the regular session today following blowout fourth quarter crypto results from Robinhood on Wednesday.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.