The world’s existing economies are suffering due to the COVID-19 pandemic, which has revealed the main benefits of decentralized tech and crypto. The COVID-19 pandemic has ravaged the economies of countries all around the world and is showing no signs of stopping. The overwhelming response from global governments has been to place their countries under […]
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Could Bitcoin, the world’s “digital gold,” replace physical gold in the future? As the world turns more digital, crypto’s pioneer asset Bitcoin (BTC) could take on gold’s store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm. “I see Bitcoin replacing gold as the hardest money for […]
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An MIT startup focused on providing institutions better access to crypto trading technologies, recently secured millions in funding. Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities. “It’s becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as […]
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On May 29, CME BTC contracts expire, meaning Bitcoin price could experience volatility before and after the expiry. CME Bitcoin (BTC) futures and options markets are set to mature this Friday and traders are closely watching to see how spot prices will react to this event. The contracts expire every two months and according to […]
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IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s […]
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$10,000 is edging ever closer for Bitcoin, which has gained $800 in the past few days and taken little notice of resistance levels. Bitcoin (BTC) hit $9,400 on May 28 in its latest attempt to upend a downward trend which had seen $8,640 lows just days before. Cryptocurrency market daily overview. Source: Coin360 BTC price: […]
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JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure. According to a claim by Harvard Business Review, blockchain will do to banks what the internet did to the media. When it comes to the banks and financial organizations of today, blockchain has the potential to […]
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Vitalii Antonenko is facing up to 20 years in jail for selling sensitive data after the prosecution traced his Bitcoin wallet. New York City resident Vitalii Antonenko was charged for allegedly participating in a $94 million Bitcoins-for-cards scheme, according to a May 27 statement from the United States Attorney’s Office for the District of Massachusetts. […]
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Bitcoin price closed the CME gap and made a decisive move above the $9K and $9.2K resistance as traders attempt to carve a new path to $10K. Within the past few hours Bitcoin (BTC) price managed to press through the $9,200 resistance level to $9,281. While the 2.58% gain may not be much to talk […]
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Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered. Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users. Almost a third of Revolut’s 10 million customers have traded cryptocurrency […]
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