After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond. China Construction Bank, the world’s second-largest bank by assets, is cooperating with Malaysian and Singaporean partners to test blockchain technology for use in the bond market. As previously reported, China […]
Continue Reading
A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data. Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze heightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, largescale buyers are still […]
Continue Reading
Amid November’s 42% Bitcoin rally, roughly 185,600 BTC that hadn’t moved in at least 12 months was transferred on-chain. The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage. According to Unchained Capital’s ‘hodlwaves’ metric, which measures the time since Bitcoin has moved on-chain, […]
Continue Reading
“I do think there are some issues that crypto raises that are not neatly solved by our existing securities laws,” said the SEC commissioner. Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname “Crypto Mom,” says the regulator may not be able to get by if […]
Continue Reading
One of the largest Bitcoin purchases in 2020 took more than five days to complete. Coinbase, the United States’ largest cryptocurrency exchange, announced that itfacilitated one of the largest institutional Bitcoin (BTC) purchases in 2020. According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin […]
Continue Reading
Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980. Gold bug and Bitcoin skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin (BTC), a much younger asset, sits close to its inflation-adjusted all-time high after […]
Continue Reading
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end. They’ll make a button blue instead of green or create rounded edges on buttons instead of square ones. They […]
Continue Reading
Whale clusters show that the key-short term support areas for Bitcoin are $16,694, $16,411 and $16,064. Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000–$18,000 level. As the price continues to decline, traders are targeting key underlying support levels to determine where traders will buy if Bitcoin (BTC) price continues to […]
Continue Reading
Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States. Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in […]
Continue Reading
Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up. Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low. The current fees of around […]
Continue Reading