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Ethereum 2.0 Jitters End As Staking Threshold Crossed For Phase 0 Launch, Cryptocurrency Surges
Tuesday, November 24, 2020 - 2:29am | 446Ethereum’s (ETH) next version is all set to be launched in a multi-stage rollout beginning Dec. 1, as the deposit contract has reached the threshold in terms of ETH deposits for the project to commence. What Happened: As of Monday, the Ethereum 2.0 deposit contract has garnered more than 540,...
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As Bitcoin Nears $17K, A Citibank Analyst Projects $300K Levels Next Year
Tuesday, November 17, 2020 - 1:09am | 610Bitcoin traded above the $16,600 mark at press time, having tested the $16,800 level in the trailing 24-hour period. The cryptocurrency touched an all-time high of $20,089 on Dec. 17, 2017. What Happened: Citibank analyst Thomas Fitzpatrick said the apex cryptocurrency may reach $318,000...
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Bitcoin Cash, Which Split From Bitcoin, Has Split Into Two Cryptocurrencies — Again
Sunday, November 15, 2020 - 11:43pm | 470Bitcoin Cash (BCH) has split into two cryptocurrencies called Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash Node (BCHN), CoinDesk reported Sunday. What Happened: The split — called a hard fork in cryptocurrency parlance — implies the latest version of the underlying Blockchain...
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Bitcoin To See 'Minimal Resistance' On Way To $20K As It Shoots Past $16K, Analysts Say
Friday, November 13, 2020 - 2:21am | 424Bitcoin shot past the crucial psychological mark of $16,000 early Thursday, breaking a key resistance level. The apex cryptocurrency held on to the gains at press time early Friday, up 4.3% in the 24-hour trailing period. What Happened: The upward movement of the apex...
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Bitcoin Seeing Consolidation But Could Flirt With Record $20K Mark Before Christmas, Says Analyst
Wednesday, November 11, 2020 - 11:40pm | 343Bitcoin traded above $15,500 at press-time, forging a trend of consolidation before a push towards the $20,000 mark before the end of December, according to analysts. What Happened: Most major altcoins were in the red for the 24-hour period preceding press time. Ethereum (ETH) was down 0.9%...
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Bitcoin Holds, Ethereum Surges As Biden Appoints Cryptocurrency-Savvy Gary Gensler To Lead Financial Policy Transition Team
Wednesday, November 11, 2020 - 1:48am | 422Bitcoin held on to its gains above the $15,000 psychological mark, up 0.6% at press time early Wednesday, as a former public official who is considered to be cryptocurrency-savvy was appointed to lead the financial policy transition team for President-elect Joe Biden. What Happened: Former Chairman...
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Tesla, Apple, Amazon Shares Can Now Be Traded As Digital Tokens Against Cryptocurrency
Friday, October 30, 2020 - 4:52am | 402Traders on the cryptocurrency exchange desk FTX will be able to buy and sell tokenized shares of over a dozen large companies against Bitcoin and other stablecoins, CoinDesk reported Thursday. What Happened: Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com, Inc (NASDAQ: AMZN...
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PayPal's Cryptocurrency Foray Not Ideal But It's Something, Experts React
Thursday, October 22, 2020 - 4:48am | 876PayPal Holdings Inc (NASDAQ: PYPL) on Wednesday announced it is starting to offer cryptocurrency as a form of payment on its platform. The move has invited mixed reactions from veterans of the digital assets space. Not Real Bitcoin: Some experts were left unamused over what they...
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Square's $50M Bitcoin Investment Vote Of Confidence For Cryptocurrency's Future, JPMorgan Says
Tuesday, October 13, 2020 - 11:47pm | 482JPMorgan analysts said Tuesday that Square Inc’s (NYSE: SQ) recent $50 million Bitcoin investment is a marker of the potential of the cryptocurrency as an asset, CoinDesk reported Monday. What Happened: The bank’s market strategists said in a report that the Jack Dorsey-led company is...
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Fintech Focus For September 30, 2020
Tuesday, September 29, 2020 - 9:05pm | 2989Quote Of The Day: The man with a new idea is a crank, until the idea succeeds. - Mark Twain Fintech Movers: Brian Armstrong, CEO of Coinbase, took a strong stance against employee-driven corporate activism over the weekend, explaining that, going forward, his company would be “mission...
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House Bill Proposes Uniform Federal Framework, CFTC Oversight For US Cryptocurrency Exchanges
Friday, September 25, 2020 - 4:07am | 302In the latest effort to streamline cryptocurrency regulations in the U.S., House Agriculture Committee Ranking Member Michael Conaway (R-Texas) introduced new legislation on Thursday. The Digital Commodity Exchange Act of 2020 (DCEA) would consider cryptocurrencies as a unique asset class and...
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Fintech Focus For September 9, 2020
Tuesday, September 8, 2020 - 7:02pm | 2210Quote Of The Day: We have seen peak rebound. - Joachim Fels Fintech Movers: Defi is not even close to the ICO hype bubble level yet. Bubbles are usually the result of a euphoric retail crowd running ahead of itself. - Coindesk BSP pushes digital bank framework. Policygenius a fast-growing fintech...
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PayPal To Partner With Broker For Cryptocurrency Offerings On Its Platform: Report
Monday, July 20, 2020 - 5:23am | 377Paypal Holdings Inc (NASDAQ: PYPL) is reportedly partnering with New York-based cryptocurrency broker Paxos to let users on its platform purchase or sell virtual assets, according to CoinDesk. What Happened Paxos offers an API that makes it easier to sell, purchase, hold, and send...
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Goldman Sachs Investor Presentation On Bitcoin Released, Gets Crypto Community Angry
Thursday, May 28, 2020 - 7:14am | 646Goldman Sachs Group Inc. on Wednesday (NYSE: GS) published a presentation titled "U.S. Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin" ahead of an investor call. Goldman Says BTC Not An ‘Asset Class' The investment bank's views on...
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US Investors Forced Out Of Telegram Cryptocurrency Project Due To Regulatory Hurdles
Tuesday, May 5, 2020 - 9:25am | 388Telegram is looking to buy out the United States-based investors in its blockchain network immediately, CoinDesk reported Monday. US Investors Cannot Extend Investments The launch of the "Telegram Open Network" was delayed to another year after the London-based company missed the...