Bitcoin traders eye key levels as US jobs shock sends BTC price past $71K

Crypto industry leaders and law experts debated the privacy implications of central bank digital currencies (CBDC) during the ‘Money Re-Imagined’ panel as part of Consensus:Distributed on May 11.Lawrence Summers, the former U.S. Treasury Secretary and former chief economist of the World Bank, argued that the current fiat monetary system exhibits issues of too much privacy,…

Weekly Bitcoin transactions and velocity hit record lows, leading one analyst to suggest that even with BTC stable at $33,000, further downside could ensue. 863 Total views 3 Total shares In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session. The…

TaxBit’s tool will allow Gemini customers to increase their tax refund. 1090 Total views 20 Total shares American cryptocurrency exchange Gemini is partnering with tax compliance firm TaxBit to help its customers treport their crypto taxes with TaxBit’s Tax Center Suite solution.Tyler Winklevoss, CEO of Gemini exchange, said that TaxBit’s software will help reduce the…

The European Union’s finance commissioner Valdis Dombrovskis has pledged to propose new rules to regulate cryptocurrencies such as Facebook’s Libra.As Reuters reports, speaking before EU lawmakers on Oct. 8, Dombrovskis stated:“Europe needs a common approach on crypto-assets such as Libra. I intend to propose new legislation on this.”Dombrovskis’s roleHaving served as Latvia’s prime minister and…

Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the world's leading financial and insurance corporations, and their subsidiary’s announcement was reported on Nov. 20 by People’s Daily, China’s official state…

The Winklevoss twins have urged attendees of the Singapore Fintech Festival to educate themselves on Bitcoin, predicting BTC’s market cap will flip that of gold. 676 Total views 7 Total shares Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s (BTC) price…

The fund is a part of a wider VCC umbrella that brings various real-world assets to the blockchain. 557 Total views 3 Total shares Leading Swiss bank UBS has launched a live pilot of a tokenized version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central

Digital music store eMusic launched its eMU token to help musicians earn more royalties. 1642 Total views 51 Total shares Pioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties.According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating…