Data from the New York Fed shows the U.S. is poised for financial turmoil, while bitcoin has ‘clear skies’ to an all-time high monthly close. Bitcoin (BTC) hit $13,000 again on June 10 as the 2019 bull market delivered fresh reasons to celebrate for traders and HODLers. Market visualization courtesy of Coin360 Data from Coin360 […]
Continue Reading
Indian authorities expressed concerns over Facebook’s long-awaited stablecoin Libra. India’s authorities have expressed concern over Facebook’s forthcoming stablecoin Libra, Bloomberg reported on July 8. Subhash Garg, Economic Affairs Secretary at India’s Ministry of Finance, told Bloomberg that the “design of the Facebook currency has not been fully explained. But whatever it is, it would be […]
Continue Reading
Bitmain co-founder and former CEO Wu Jihan launched his crypto-related financial services startup Matrixport today. The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8. Following reports on the initiative in early June, Bitmain co-founder and […]
Continue Reading
A new interview revealed a U-turn in sentiment on bitcoin from the asset management veteran, who previously claimed it had no value. Bitcoin (BTC) could win over veteran investor Mark Mobius if its current bull run continues, he told Bloomberg on July 7. Speaking in an interview on Bloomberg TV, Mobius, who has previously delivered […]
Continue Reading
European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin. European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin, Bloomberg reports on July 7. Per Bloomberg, Coeure argued on Sunday in Aix-en-Provence […]
Continue Reading
Jeremy Allaire, CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme, requiring a different regulatory approach. Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook’s Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg […]
Continue Reading
Gram Asia is selling Gram tokens on July 10 for $4.00 each on the cryptocurrency exchange Liquid, approximately three times the price they sold for during an ICO last year. South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token starting July 10, according to a report by Bloomberg on […]
Continue Reading
Galaxy Digital founder Mike Novogratz predicts that bitcoin still has a long way higher to go following its current “spectacular rally.” Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that bitcoin (BTC) still has a long way higher to go following its current “spectacular rally.” With BTC price circling the $11,000 at press […]
Continue Reading
Argento and LBX say their regulated product is unique in not involving fiat at any stage. Two European companies have launched what they describe as the world’s first genuine bitcoin (BTC) bond, they confirmed in a joint press release on July 3. Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to […]
Continue Reading
$515 million in Bitcoin has been spent on illegal activities in 2019, but this only accounts for 1% of total BTC transactions. Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal […]
Continue Reading