Bitcoin Price Sinks $6% From Weekend Highs As Election Day Approaches
Bitcoin price set a new higher high this weekend at over $14,000 and closed the highest monthly candle
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The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months
Stocks, oil, even gold are down on fears of resumed COVID-19 lockdowns, but bitcoin hodlers are keeping the faith. Source
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JPMorgan’s stablecoin finally sees commercial light of day
A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase's in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments.According to a report on Oct. 27, this real-world proof that the technology is increasing efficiency and reducing costs has bolstered the megabank's
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Grayscale Added $300M Digital Assets to Its Portfolio During the Last Day
The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release
Filecoin, a decentralized storage network launched by Protocol Labs, is off to a rocky start after a strike by miners just one day after its highly anticipated miannet launch on Oct. 15. Five of its largest miners turned off their machines to protest the project’s “unfair” economic model that requires a
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Filecoin Settles Near $40 After Wild Opening Day of Trading
Filecoin popped then dropped in an erratic first day of trading. Source
Read MoreDeFi market cap drops 25% in one day
The decentralized finance (DeFi) bubble continues to deflate, with crypto market data firm Sentiment reporting a 25% crash in the market capitalization of DeFi assets during yesterday alone.In a blog post published Oct. 8, Santiment estimated that daily DeFi token trade volumes have fallen by 30% combined, while recent market
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First Mover: Day in the Life of a Yield Farmer Means Part-Time Gig, Full-Time Risk
One is a Grammy Award-winning musician with lots of spare time. Another is a software engineer with nowhere to go during the pandemic. There’s also an editor for a data site and a fund manager who invests in digital assets. What these people have in common is an obscure side gig
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After Battery Day Letdown, Democrats Offer Hope for Tesla Investors
Tesla’s stock has dropped by over 10% since Battery Day.There remains one more quarterly report before the year ends.Democrats could provide the catalyst that Tesla investors need.The hype surrounding the Tesla Battery Day event did not live up to expectations. There was no million-mile battery as had been speculated. Additionally,
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Analysts Expect a Historic Battery Day, but Tesla Bulls Should Be Wary
Analysts at Deutsche Bank and Credit Suisse have raised Tesla’s target price in anticipation of Battery Day.Elon Musk has not missed a single opportunity to pump expectations about the event.Tesla bulls are brimming with excitement, but it could all end in tears if they haven’t learned from the past.Tesla’s stock
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