Cryptocurrency Analysis and News Portal
The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech companies, according to a Nov. 17 Goldman Sachs report shared with CryptoX.The Digital Currency Electronic Payment (DC/EP) could be a more attractive alternative
Read More
Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked.Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours.Bitcoin’s 24-hour range: $15,971-$16,487BTC above its
Read More
Bitcoin was designed to share several key similarities with gold, but the end result was an all-digital asset
Read More
With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years. "I think in 2029, 2030, when 90% of U.S. households and people in
Read More
There's still a chance a stimulus package can be passed before the presidential election, but those chances are fading, said the U.S. president. Source
Read More
A new report from bitFlyer Japan states the exchange is now custodying more than 161.8 billion yen ($1.5 billion) on behalf of its clients, a two-year record for the company. Source
Read More
At the time of writing, XRP was trading around $0.248 having jumped approximately 6.3% in the past 24 hours.As the global crypto adoption rises amid the pandemic, major digital assets are set to rally to new all time high before the next Bitcoin halving. XRPL native coin, XRP, continues to
Read More
Klarna, the Swedish payment firm, has reportedly recorded a massive growth in the U.S. as the country continues to battle the emergence of the COVID-19.Klarna has become the biggest Fintech Unicorn in Europe after amassing over $650 million in an online equity funding round. This has taken the company’s valuation
Read More
Band Protocol was an early winner in the DeFi craze, posting massive gains throughout August based on a
Read More
The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven. The essay looks systematically at the problems of the slate of current store-of-value assets, including the U.S. dollar, oil and gold. The brothers argue why those assets have, or are starting to have, value
Read More