Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing Bitcoin faster than the tokens can be mined. Grayscale Investments has purchased almost half a billion dollars in Bitcoin since the May block reward halving, and this week bought BTC around three times faster than miners could produce blocks. According […]
Continue Reading
Bitcoin price recovered from its drop below $9K but traders expect increased volatility ahead of Friday’s $1.06 billion BTC options expiry. Since briefly tumbling below $9,000 on June 24, Bitcoin (BTC), the top-ranked digital asset on CoinMarketCap recovered today to trade in the $9,300 range again. The swift recovery occurred as traders continue to anxiously […]
Continue Reading
Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering. On June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bitcoin itself — with conducting a fraudulent […]
Continue Reading
Crypto prices on the secondary market may depend on how much information is given to stakeholders says fintech researchers. Researchers suggest that utility token issuers should provide basic levels of transparency to the public before listing on exchanges. They say that doing so may increase stakeholder confidence and attract new market participants. This is the […]
Continue Reading
As Libra and COVID-19 give a push to CBDCs, some projects are looking to dethrone the main international currency. As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a […]
Continue Reading
Roger Ver says that Bitcoin.com’s forum closure announcement was premature, but the closure alert is still on the website. Roger Ver, executive chairman of major cryptocurrency website, Bitcoin.com, now says that Bitcoin.com’s forum closure announcement was premature. Yesterday, Bitcoin.com’s forum abruptly dropped an alert about the upcoming closure of the forum on July 23. Posted […]
Continue Reading
A new service from Uphold allows crypto holders in Latin America to invest in Amazon, Google, or Tesla for as little as 10,000 Satoshis. On June 25, Uphold announced that they will allow users in Latin America to use cryptocurrency to acquire fractional ownership of the world’s leading companies. Uphold supports dozens of cryptocurrencies, including […]
Continue Reading
Regions of the world with fast-growing economic potential and young populations, such as India and Africa, will become leaders in crypto adoption. Beyond rapidly changing how we create, store and transfer value, cryptocurrencies are accelerating financial inclusion in a way that traditional financial institutions have either been unwilling or unable to. Yet crypto’s possibilities go […]
Continue Reading
The S&P 500 is in danger of a major crash in the event of a daily close below 3,000 points, warns Tone Vays as data shows Bitcoin is 95% correlated. Bitcoin (BTC) being 95% correlated with the S&P 500 may haunt traders this week as one analyst warned a 400-point crash could soon hit. In […]
Continue Reading
Russia’s blockchain vote, powered by Bitfury, is off to a shaky start. Russia’s blockchain-based voting system for the Constitutional amendments is off to a rocky start after going live earlier today, according to local media reports. E-voting, scheduled to take place from June 25 to June 30 for residents of Moscow and Nizhniy Novgorod, is […]
Continue Reading