This was the week the entire cryptocurrency community has been waiting for. Bitcoin finally broke $20,000, setting a fresh new all-time high. But it was far from being done yet. After breaching the coveted $20,000 mark, BTC went on a rampage, taking down one target after another. Before the run was finally calmed down, the...Read More
A live stream from a People’s Court in Beijing revealed that Bitmain recorded a loss of about $60 million in 2019, according to the firm’s lawyer. The court hearing was about a labor dispute between former Bitmain employee – Mao Zhengqing and three others – with Beijing Bitmain Technology. In the lawsuit, the former employees...Read More
Bitcoin’s recent performance on the price charts had a corresponding effect on the rest of the crypto-market. Many of the market’s alts, including the likes of EOS, Ethereum Classic, and Zcash, surged as BTC climbed to breach one resistance level after another. However, such correlation also had the opposite effect, something evidenced by the fact...Read More
According to a new report, Coinbase has approached investment banking company, Goldman Sachs, to manage its IPO. Just yesterday Coinbase had said that it had “confidentially submitted” a draft registration statement with the United States Securities and Exchange Commission. The crypto company expected the draft of the “Form S-1” to become effective after the SEC...Read More
Hey! you know Tron is one of the most sought after currencies in the crypto world. Before you invest in Tron, Read this complete guide on the Tron coin. What is the future of Tron? Is it safe to invest in Tron? Check out these detailed predictions and forecasts of Tron. One of the cryptocurrencies...Read More
In a recent interview, Mizuho Securities analyst, Dan Dolev said that nearly 20% of PayPal users have started trading Bitcoin using the payment giant’s latest services. The Japanese investment banking firm surveyed about 400 PayPal users and found that 50% of them reported increased engagement with PayPal’s new bitcoin services. According to this survey, bitcoin...Read More
Alongside Bitcoin reaching a new all-time high above $20k, Ethereum continued to gain a new high valuation for 2020. Ethereum crossed its previous local top at $637, registering a new high at $676. While at press time, it was down to $644, there is a sense of optimism regarding a possible move upwards. Ethereum 4-hour...Read More
Ever since the DeFi craze kicked-off this summer, the ecosystem has only grown in size with more protocols expanding their use cases, and even some interesting mergers aimed to make the space more interoperable. A particularly popular segment of DeFi is its lending protocols that have captured a significant part of the market. However, currently...Read More
United States Department of the Treasury’s Financial Crimes Enforcement Network (FINCEN) has posted two new job roles and expected to employ strategic policy officers for crypto. According to the posting, the job entails “sensitive and complex tasks” and: Assignments related to virtual currency, cryptocurrency, and emerging technology-related including the issuance of advisories and other guidance...Read More
Bitcoin’s market dominance was on display over the past 10 days after the larger crypto-market rallied on the back of BTC’s performance on the price charts. Thanks to the high correlation most of the market’s alts share with BTC, the former, by and large, pumped. Despite some degree of corrections setting in, at the time...Read More
2020 is drawing to a close and is leaving us with another important milestone. On 16th December, Bitcoin reached a new all-time high in the charts, registering a valuation above $20,000. At press time, it was as high at $23,200 but surprisingly certain attributes of Bitcoin failed to register many distinctive changes. While the price...Read More
Binance has announced support for Binance Vietnamese Dong [BVND], a BEP2 stablecoin pegged to the Vietnamese Dong [VND]. BVND will be available for direct purchase and redemption at a 1BVND = 1 VND rate. The announcement added: “Binance will list Binance VND (BVND) and open trading for BUSD/BVND and USDT/BVND trading pairs at 2020/12/18 12:00...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The performance of Binance Coin has been impressive for its investors as it was returning around 97% year-to-date. Along with the value of Bitcoin reaching new highs, BNB has been witnessing a sharp rise...Read More
Ripple’s Chief Technology Officer [CTO], David Schwartz had announced an upgrade to the XRP Ledger [XRPL] back in November. Schwartz has now shared the first results of the major performance optimization of the ledger. Calling the results “incredibly encouraging” Ripple’s CTO spoke about combining different performance optimizations proposed by various software engineers. The CTO added...Read More
Cryptocurrency exchange Bitfinex announced the launch of a new product offering on its P2P lending platform, Bitfinex Borrow, according to a press release shared with AMBCrypto. Bitfinex Borrow will now offer Bitcoin (BTC) and Ethereum (ETH) personal loans, which will enable users to obtain loans in BTC and ETH. Borrowers can use US Dollars (USD),...Read More
With bitcoin climbing to new all-time highs, the cryptocurrency has garnered the attention of centralized financial institutions. Goldman Sachs Group Inc. offered its views on the market and said that BTC’s rise shouldn’t threaten gold’s position as the inflation hedge of choice as both assets can coexist. Bitcoin And Gold Can Coexist Ever since bitcoin’s...Read More
Tornado.Cash announced the launch of a new governance proposal wherein users will gain governance rights through the TORN Token. The Torn token is an ERC-20 compatible token with a fixed supply that governs Tornado.Cash. TORN holders can make proposals and vote to change the protocol via governance. However, the protocol stated that TORN is not...Read More
These are bullish times for the cryptocurrency market. Not only is Bitcoin, the world’s largest cryptocurrency, breaching new ATHs by the day, but the altcoin market is reciprocating as well, with the market’s top alts all recording significant gains on the charts. Cardano, IOTA, and DigiByte were few of the alts to note a price...Read More
The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack. $7.7M Taken In A Flash Loan Attack The significant growth of the DeFi space that...Read More
Omni Futures LLC has received significant interest since its recent founding and is starting series A funding from additional investors for a new project, Omni II, to develop additional infrastructure in cryptocurrency mining. According to Ali Farhat, Managing Director of Omni Futures, “Overwhelming interest in a new proprietary mining technology has shown a demand for...Read More
Global trade finance bank, Euro Exim is working with Ripple to connect banks, payment providers, and digital asset exchanges via RippleNet. Euro Exim is a class A International Banking Financial institution incorporated under the revised laws of St. Lucia, which authorizes it to conduct business with third parties across industries worldwide. The bank has implemented...Read More
Ethereum remains one of the top cryptocurrencies in the blockchain ecosystem. The smarts contracts front runner is presently the second most popular cryptocurrency behind bitcoin. Today, with respect to market sentiments and various discrepancies on Eth price predictions, we submit our unreserved opinion about future Eth price and what circumstances may aid the process. Table...Read More
Let’s have a look at what do Influencers feel! CPH on BTC Bull Run: Bitcoin is in the sweet spot and looks bullish for the future. Indian banks to offer Crypto Services across its 34 branches. Loan against Crypto was unheard! The Adoption is coming. Irrespective of the bank size, Cryptocurrency getting adopted is a...Read More
On December 18, Coinbase Global announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC). The announcement cites Form S-1 which is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any company or security that meets...Read More
More than a year after joining forces with Ripple, Adam Holmes, CEO of U.S.-based money transfer giant, MoneyGram, told CNN in an interview today that the partnership has evolved and is pushing boundaries. In June 2019, the companies announced a strategic partnership that would see Ripple shell out a $50 million capital commitment to MoneyGram....Read More
