The March 12 Bitcoin price crash has put its safe-haven narrative under stress, but the true stores of value are extremely static assets. The price of Bitcoin (BTC) suffered a tremendous crash on March 12, falling from almost $8,000 to stabilize at around $5,000, a loss of about 40% in the span of less than […]
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Central banks affect decentralized finance, and decentralized finance affects central banks. Which could benefit from this ideological war? Philip Coggan, a British business journalist and news correspondent who writes for The Economist, once mentioned, “Modern money is debt and debt is money.” Few would disagree with this claim. Yes, the vast majority of money circulating […]
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Bitfinex is planning to list its first cross-chain DeFi token pBTC to further push DeFi adoption and liquidity. Major crypto exchange, Bitfinex, continues to drive decentralized finance, or DeFI, adoption by announcing support for a new cross-chain DeFi solution. Bitfinex exchange plans to list pTokens (pBTC) — a new token that aims to unlock cross-chain […]
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Bitcoin is now trading at twice the price it reached during the March crash, having added 10% in one day and left stocks in the dust. Bitcoin (BTC) tested support at $7,500 on April 24 after a surprise surge saw the cryptocurrency beat out resistance and reliance on stocks. Cryptocurrency market daily overview. Source: Coin360 […]
Continue ReadingThe coronavirus pandemic is a make-or-break situation for crypto banks as many see opportunities despite the obvious setbacks. As 2020 staggers on, the scourge of the coronavirus is showing no sign of relenting any time soon. Since the reality of the pandemic took hold, it has revealed itself to be a black swan the likes […]
Continue ReadingIn a scathing attack on the world’s ailing financial system, Raoul Pal puts his faith firmly in Bitcoin and gold as the future. Bitcoin (BTC) can rally to $1 million but coronavirus means that the baby boomer generation is “fucked,” a damning new macro report concludes. Originally published to clients on March 30, the report […]
Continue ReadingBlockchain technology could help the African gold industry boost the continent’s economic growth, even during the coronavirus pandemic. Western perception of precious African resources usually tends to focus on the diamond trade. However, amid an ongoing pandemic, gold usually surfaces as both one of the most in-demand and discussed assets in the world. Historically known […]
Continue ReadingVolumes of the cryptocurrency in Argentine pesos, Bitcoin, and U.S. dollars have risen substantially since January 2018. The volume of Bitcoin (BTC) in Argentine pesos has risen exponentially since the 2018 cryptocurrency crash, as the country faces a possible default on $65 billion in foreign debt. Arcane Research posted data to Twitter on April 23 […]
Continue ReadingLegal, regulated crypto is starting to move through the Asia-Pacific region. Chainalysis announced the extension of its cooperation with South Korean crypto exchange Upbit today, aiming to provide blockchain analysis support across the Asia-Pacific region (APAC). According to the announcement, Upbit APAC will start using Chainalysis KYT (Know-Your-Transaction) to provide a safe trading environment and […]
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The Wall Street Blockchain Alliance welcomes Algorand to their team as a corporate member. The Wall Street Blockchain Alliance, or WSBA, announced on April 23 that the proof-of-stake cryptocurrency platform, Algorand, has joined their alliance as a corporate member. According to the post, Algorand is teaming up with many of the tech and finance companies […]
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