Bitcoin Price Climbs $400 In 20 Minutes to Reach 2-Week High

Cryptocurrency traders suffered some $320 million of losses in liquidations over the past 24 hours, data by CoinGlass showed, as crypto prices plummeted Monday after the Securities and Exchange Commission (SEC) sued exchange giant Binance for allegedly violating securities laws.Some $289 million of long positions – traders who bet on prices to rise – were…

news Marco Polo, the trade finance blockchain network launched in 2017 by R3 and TradeIX, is moving slowly but surely toward production. The latest milestone in the 22-bank blockchain consortium’s methodical piloting process allows a third party to a trade (in this case a logistics provider) to trigger a payment to a supplier in real-time…

news Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, has backed an additional $6 million Series B round for cryptocurrency sleuthing startup Chainalysis. The investment came via the bank’s venture capital unit, MUFG Innovation Partners, Chainalysis said Tuesday. The round also saw participation from Tokyo-based investment firm Sozo Ventures. The additional funding means Chainalysis’ total…

Mar 31, 2020 at 08:00 UTCPLACE YOUR ORDERS: Investors in crypto assets, especially those who believe in the true purpose of markets, must take some comfort from the knowledge there is no way their intentions could be thwarted by a centralized decision. (Credit: Shutterstock)Crypto Markets Can Never Close, and That’s a Good ThingNoelle Acheson is…

May 28, 2020 at 17:22 UTCBlockchain Bites: BlockTower Reports Returns After Goldman Sachs Denounces BitcoinToday BlockTower Capital, a digital asset hedge fund, reported 73% returns over its lifetime, a day after Goldman Sachs said bitcoin is not an asset class. Meanwhile, Samsung and Minecraft have rolled out new blockchain integrations and Russia is mulling appending…

The increasing dominance of stablecoin tether (USDT) is bad for the wider crypto ecosystem, JPMorgan (JPM) said in a research report Thursday.The bank said it views the "increasing concentration in tether over the past year as a negative for the stablecoin universe and the crypto ecosystem more broadly.Stablecoins are facing regulatory risk across multiple jurisdictions

The "experimental" phase for the Tezos blockchain is over. On Monday morning, the Tezos Foundation will officially announce that the protocol will no longer be in a beta period, and instead be a full mainnet, launched and run by its community. The designation is admittedly largely a semantic one. Tezos launched a mainnet, or live…

The New York Times recently got hold of a trove of writings from Sam Bankman-Fried, supposedly from when he was under house arrest. While the most interesting parts are yet unreleased – like a 70-page Twitter thread reportedly offering the ex-CEO of FTX’s “side” of the business failure – there are notable quotes and details

Additional charges levied against Sam Bankman-Fried in the U.S. face an extra delay, after a Tuesday Bahamas Supreme Court judgment allowed the FTX founder to judicially review the terms of his extradition from the Caribbean.Bankman-Fried has been under the legal spotlight after the collapse of his crypto exchange in November. After originally seeking his extradition…