Cryptocurrency Analysis and News Portal
The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600.As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650.It’s a strong rally that has convinced many traders of the bull case,
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The value of stablecoins assets surpassed the $10 billion barrier gaining at least 70% in the last two months as investors prefer dollar-backed assets over Bitcoin.Stablecoins keep attracting more and more investors. On May 12, the value of stablecoins assets broke the $10 billion barrier. The value has gained by
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The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin.Most of the stablecoin growth
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Blockchain banking solution Dharma has implemented a new feature called Social Payments, allowing users to send U.S. dollars to any Twitter handle.An April 21 tweet announcing the move explained that payments can be made regardless of geographical location or whether the recipient has a Dharma account.Dharma users can make payments
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Binance is one of several large cryptocurrency firms named in a series of recent class action lawsuits. If the lawsuits go south for this global company, it could end up costing them billions of dollars.Class action is looking for new membersRoche Cyrulnik Freedman has recently brought eleven class action
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Cryptocurrency exchange Binance has opened a fiat gateway for Hong Kong dollars.Launched thanks to its partnership with Epay, Binance said on Monday that users can deposit and withdraw Hong Kong dollars from today for trading against supported cryptocurrencies. Binance already supports euros and pounds sterling through Epay, a payments provider
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CoinDesk columnist Nic Carter is a partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, MA. He is also the cofounder of Coin Metrics, a blockchain analytics startup.On May 9th, 2019, Representative Bradley Sherman, member of the House Banking Committee, made an impassioned speech in Congress about cryptocurrency. In his
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The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus
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“You get to talk to lightning nodes with dollars.”That’s how Zap CEO Jack Mallers described his lightning wallet’s new U.S. dollar clearing system in a phone interview with CoinDesk. Announced Thursday, the upgrade aims to address a number of hurdles faced by current cryptocurrency payment options.“You can download it, link
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In recent weeks, various central banks have indicated that they are exploring the possibility of issuing their own central bank digital currency, or CBDC. From Tunisia, which was at the center of false reports about the imminent launch of its own “e-Dinar” but confirmed it was studying the issue,
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