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China has no plan to replace USD with digital yuan, former PBoC head says
14.12.2020
A former PBoC official says that his country has taken a cautious approach with the digital yuan
Bitcoin Rallies Above USD 19K Again, XRP Dumps
13.12.2020
It took less than a week for the most popular cryptocurrency, bitcoin (BTC), to return above the USD 19,000 level after it was trading close to USD 17,600 this past Friday. Meanwhile, one of the recent best performing major coins, XRP, is the only top 10 token in red today.
At the time of writing...
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
13.12.2020
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever...
MicroStrategy Secures USD 635m For Another Bitcoin Buy
11.12.2020
Today, US-based business intelligence company MicroStrategy confirmed it raised USD 650m by selling convertible senior notes due 2025 in order to buy more bitcoin (BTC).
MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately USD 634.9m, after deducting...
Business Giants Invest USD 60m in Blockchain-powered Payment Firm Chai
11.12.2020
Screenshots of the Chai app. A group of South Korean and Japanese business giants including Hanhwa Investment & Securities, SoftBank and SK have joined more established blockchain investors to complete a Series B investment round worth over USD 60m in South Korean firm Chai, the provider of...
BTC, ETH Slide Lower Despite Insurers’ USD 100m Bitcoin Buy & Ether ETF
11.12.2020
The crypto community has been buoyed as – despite sliding bitcoin (BTC) and ethereum (ETH) prices – two major breakthroughs were reached for both tokens.
At pixel time (09:03 UTC), BTC trades at USD 17,883 and is down by 3% in a day and 8% in a week, while ETH is down by almost 4% to USD 545....
Bitcoin Slides Towards USD 18K, Altcoins Gain Bearish Momentum
9.12.2020
After a long battle, bitcoin price started a bearish wave below the USD 19,000 support level. BTC broke the USD 18,500 support level and moved into a short-term bearish zone. The price is currently (05:00 UTC) down 6% and it could struggle to stay above the USD 18,000 level.
Similarly, there was...
Bitcoin, Altcoin Trading Erupted, Nearing USD 1 Trillion In November + More News
8.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
In November, total trading volume on crypto exchanges surpassed USD 900bn, according to latest report by CryptoCompare, a provider...
Huobi’s HUSD Stablecoin to Run on Nervos Blockchain
8.12.2020
China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China
MicroStrategy's Bitcoin Bet About To Surpass USD 1 Billion
8.12.2020
MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal - A Bitcoin Channel
US-based business intelligence company MicroStrategy is looking to raise up to USD 460m in order to buy more bitcoin (BTC), which would increase the value of its BTC stash to over USD 1bn (at today's...
Binance Expects Up to USD 1B In Profits This Year + More News
4.12.2020
Source: Instagram, Binance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Binance expects to have profits of USD 800m to USD 1bn this year, up from about USD 570m last year...
Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’
4.12.2020
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as...
Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve Into a Global Market
3.12.2020
The CEO of Blackrock, the world’s largest asset manager, said that bitcoin “can evolve into a global market.” Moreover, the cryptocurrency has a “real impact on the U.S. dollar,” making the need for the USD “less relevant.” Bitcoin Evolving Into a Global...
In 2021, Bitcoin To Hit USD 25K, Ether - USD 900 - Median Estimates Of Pre-rally Survey
2.12.2020
In October, when bitcoin (BTC) was still below USD 14,000 and ethereum (ETH) was fluctuating around USD 400, majority of the respondents in a survey by Kraken Intelligence, hoped that BTC will hit USD 20,000 in 2021 while ETH will at least be trading higher than the price in October. However,...
USDC issuer Centre lands Wall Street veteran David Puth as CEO
1.12.2020
The company behind USDC has added a new face that could help further institutional adoption
Bitcoin Dives As it Failed To Test USD 20,000, Altcoins Trim Gains
1.12.2020
There was a steady rise in bitcoin price above the USD 19,500 resistance. BTC even traded above USD 19,800, but it failed to surpass the USD 20,000 resistance. As a result, there was a sharp bearish reaction and the price is currently (13:00 UTC) down over USD 1,200 from today’s high.
Similarly...
Bitcoin Targets USD 20,000, Altcoins Show Strength
1.12.2020
In the past three sessions, there was a steady rise in bitcoin price above the USD 19,000 resistance. BTC surpassed the last swing high near USD 19,500 and traded to a new yearly high above USD 19,800. The price is currently (05:00 UTC) consolidating gains and it could attempt a move towards...
Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin
28.11.2020
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed...
Law Decoded: Cents and stability, Nov. 20–27
27.11.2020
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week's Law Decoded
The USD 4.2bn Question: Has China ‘Dumped’ PlusToken Bitcoin, Ethereum & Co?
27.11.2020
Source: Adobe/Александр Коликов
Crypto community members are wondering what has become of a huge stash of crypto worth a combined USD 4.2bn seized by the Chinese authorities who closed down the PlusToken crypto scam earlier this year – with some asking if the funds were already “dumped” onto...