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In the summer of 2019, the 10-year minus 3-month yield curve inverted for the first time in 13 years. During the time of the inversion, Bitcoin’s price hit all-time highs for the year. The previous inversion in 2006 was followed shortly thereafter by the global economic crisis of 2008.On
Read MoreIt has been over a year since Australian computer scientist Craig Wright proclaimed himself as the inventor of Bitcoin (BTC), and the estate of his late business partner, Dave Kleiman, became clinched in litigation over the fruits of the duo’s collaboration in the inaugural years of the cryptocurrency era. The
Read MoreGrayscale’s Bitcoin Trust now reports to the United States Securities and Exchange Commission (SEC), putting it one step closer to public trading.The announcementGrayscale’s Bitcoin Trust manages investment in Bitcoin on behalf of investors, exposing them to the coin’s potential for gains while mitigating risks. The Jan. 21 announcement advertises
Read MoreEarlier today, Binance announced the launch of its Peer-to-Peer (P2P) Merchant Program, a user-oriented fiat currency trading platform. How the program worksIn the Jan. 21 press release, the crypto exchange cites increasing demand of global users and a need for higher liquidity as prods for the P2P creation. Binance CEO
Read MoreAdding to a lengthy list of departures last fall, telecom giant Vodafone has departed the Libra association, a spokesperson from Vodafone confirmed to CryptoX in an email on Jan. 21, 2020. The representative said:“Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that
Read MoreAltcoins have been stealing the show recently, as some large caps have seen tremendous surges along the field. Bitcoin Cash ABC (BCH), Bitcoin Cash SV (BSV), Dash (DASH), and Ethereum Classic (ETC) have all shown increases of more than a hundred percent recently but it is a bit premature
Read MoreJeremy Allaire, CEO of crypto payments firm Circle, projected that in the next two or three years the securitization of assets through tokenization will become much more realistic.Speaking at the World Economic Forum in Davos on Jan. 21, Allaire and Neha Narula, the director of the Digital Currency Initiative
Read MoreA Swiss government memo appears to show a softening in the nation’s stance towards Libra, the proposed digital coin led by Facebook (NASDAQ:FB), just weeks after its former president described the project as a failure. The memo, seen by Bloomberg, shows the Swiss government refusing to rule out the possibility that
Read MoreDeribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy.In a Jan. 17 blog post, Deribit clearly said that its relocation to Panama has been mainly caused
Read MoreDavos 2020 got off to a flying start with another lecture from schoolgirl Greta Thunberg who reminds us the world is on fire right now, never mind in 50 years’ time. We also heard a labored speech from President Trump about planting trees to save the world, and who also reminded us
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