Bitcoin News Roundup for April 16, 2020

Bitcoin's (BTC) price surpassed $7,000 early on Tuesday after 20 days stuck in a narrow range below $6,800. The worlds largest cryptocurrency by market capitalization first moved past the $7,000 mark soon after 10:00 UTC today after trading sideways for nearly three weeks. As traders of bitcoin have come to realize, periods of low volatility often come…

Nov 12, 2020 at 3:05 p.m. UTCAlipay Logo (Shutterstock)How Ant’s Suspended IPO Is Related to China’s Digital YuanAnt Group’s suspended initial public offering (IPO) has shed further light on a possible motivation behind China’s digital yuan. The Chinese government appears to view the payments giant as a destabilizing force to China’s economy, and the digital…

Jan 11, 2021 at 7:25 p.m. UTCNew York (Gareth Lowndes/Shutterstock)NYDIG Acquires Digital Assets DataCryptocurrency investments company NYDIG said Monday it acquired Digital Assets Data, a move that will pad the asset manager’s crypto research and analytics offerings for its institutional base.Digital Asset Data’s co-founders, brothers Mike and Ryan Alfred will join NYDIG, the companies said.…

Launched in 2017, Cardano is billed as a third-generation blockchain (following Bitcoin and Ethereum as the first and second generations, respectively) that aims to directly compete with Ethereum and other decentralized application platforms as a more scalable, secure and efficient alternative.Decentralized applications are similar to applications on a smartphone. However, the main difference is dapps…

We only find out if something is anti-fragile when it either breaks or evolves from adversity; decentralized finance (DeFi) has been through a lot, but it has never been broken. Instead, it established itself as a Darwinian sandbox for battle-testing new and old concepts in finance, economics, governance and property rights for the digital economy.But

Payments giant Mastercard has released a platform that allows central banks to test how proposed central bank digital currencies (CBDCs) would work in real life. Mastercard announced Wednesday it had launched a virtual testing environment that can simulate issuance, distribution, and exchange of CBDCs between banks and financial service providers, as well as end-consumers purchasing…

The venture capital arm of StepStone Group (STEP), a global private markets firm with $138 billion in assets under management, has raised a combined $96.54 million for two versions of a blockchain-focused private equity fund, according to filings with the U.S. Securities and Exchange Commission. The existence of the funds were revealed in disclosures last…

news The U.S. state of Vermont is launching a blockchain pilot project for the captive insurance industry. The state government announced Friday that the Office of the Vermont Secretary of State and the Vermont Department of Financial Regulation have signed a memorandum of understanding to conduct the pilot that will examine the tech’s potential in…

Stablecoin wallet Rpay has secured a license from the U.S. Office of Foreign Asset Control (OFAC) allowing it to continue operating in Venezuela without breaking sanctions on the Latin American country.According to Rpay, OFAC granted “a license that does not absolve Rpay of its compliance duties, but does eliminate the growing compliance risk,” so the…