Cryptocurrency Analysis and News Portal
Happy Martin Luther King Jr. Day to our U.S. readers! A former Canadian prime minister said bitcoin could become a global reserve currency, Goldman Sachs is reportedly looking to get into the crypto custody business and MetLife is bullish on CBDCs. Top shelfGoldman Sachs jumping in?Its crypto custody plans will be
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Bitcoin is in the red today, following yesterday evening’s announcement of President-elect Joe Biden’s $1.9 trillion stimulus plan.Top shelfStakeholders stakeThe bitcoin exchange-traded product (ETP) from ETC Group (recently launched on Switzerland’s SIX stock exchange, though it trades elsewhere) has seen volumes far above all the other 1,800 ETPs listed on
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Bitcoin is booming again as crypto-bull Brian Brooks pushes through his “open access” banking rules before stepping down as the top U.S. banking regulator.Top shelfGoing public?The Winklevoss twins are considering taking Gemini Trust, the cryptocurrency exchange and custodian founded in 2014, public, according to a Bloomberg interview. “We are definitely
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Hello. Analysts are reporting gloomy short-term projections for bitcoin as the U.S. Labor Department reports muted inflation over 2020. Here’s the story:Top shelfInstitutional productsA new, physically backed bitcoin exchange-traded product (ETP) has hit the SIX stock exchange in Switzerland. Developed by ETC Group, this is the 34th bitcoin ETP on
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Bitcoin’s price is bouncing back, having found a floor of around $30,000 to stand on. Meanwhile, the number of active bitcoin addresses and transaction volumes has climbed above peaks set in 2017.Also, content moderation decisions from Amazon, Shopify and Twitter following the Capitol riots in Washington, D.C., on Jan. 6 have
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Bitcoin shaved off a clean 20% in trading early Monday, having failed to establish itself above $40,000. The index of all the crypto assets came down with it, with analysts calling the decline a healthy correction for an overheated market.“Hefty spot selling against an over-levered market caused the price drop,”
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Ripple tried to settle with the SEC before the watchdog’s XRP-related lawsuit. The “bitcoin rich list” has more names than ever. Grayscale reports an uptick in interest from pension funds and Coinbase makes an acquisition to beef up its institutional bitcoin offerings. It has been a huge news day, so
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One bitcoin is now worth more than $39,000 as the value of all cryptos passes $1 trillion.Top shelfInstitutions are buyingThe Chicago Mercantile Exchange (CME) is now the largest bitcoin futures trading platform, with some $2.1 billion in outstanding contracts, according to data site Skew. CME is frequently cited as a
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Hello. A late night interpretative letter from the Office of the Comptroller of the Currency (OCC), the U.S.’ federal banking regulator, saying banks can act as stablecoin nodes was the juice needed to push bitcoin out of the doldrums. JPMorgan analysts see a future where 1 BTC could trade hands
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Bitcoin topped $34,000 for the first time this weekend and has since seen a double-digital correction in price. The cryptocurrency’s most recent rally came as the Bitcoin network celebrated its 12th Genesis Block day, on Jan. 3 – the anniversary of when the first bitcoin block was mined in 2009.Top
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