Cryptocurrency Analysis and News Portal
Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last week’s 30% price plunge, Bloomberg reports.But given the return of bitcoin’s infamous price volatility – which saw the largest cryptocurrency’s price drop thousands below its peak of $41,900 set on Jan. – the
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A side effect of the Fed's medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies. Source
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A new PwC report claims blockchain technology can add $1.7 trillion to the global economy by 2030, with the Asian continent standing to benefit the most. Source
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U.S. Securities and Exchange Commissioner (SEC) Hester Peirce, well known for her pro-cryptocurrencies views, said increased interest in the space will necessarily force the regulatory body to shift toward a more accommodating stance, according to a recent interview with Cryptox. Source
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Rep. Soto and Rep. Schweikert call for recognizing blockchain signatures as legal instruments in their new bill. Source
Read MoreBlockchain platform Polkadot (DOT) is the latest to invest back into its developer community with the launch of the Polkadot treasury. Run by community-elected council members, the pool will fund as many new community projects as possible.The treasury has already received multiple proposals related to infrastructure development, operations projects, and
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Hedge fund manager Arca is stepping up its campaign to overhaul Gnosis, claiming the decentralized exchange and prediction market platform has deviated from its original mission. The post describes Gnosis’ $12.5 million 2017 token sale (which valued the project at $300 million) as an “interest-free loan.” After borrowing the money, the
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Frances Coppola, a CryptoX columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. The Federal Reserve has just announced a change
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Cryptocurrency traders yawned at one of the year’s biggest news stories for bitcoin, with prices barely budging as the digital-asset industry became a primary victim of this week’s massive hack on Twitter accounts. The notoriously volatile bitcoin slid just 0.8% to about $9,100 on Thursday after slipping a meager 0.7% on Wednesday
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Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas.In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices
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