Ether to breach $4K before Trump’s inauguration: Analyst
Ether has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.
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Stablecoin reserves on crypto exchanges hit new historic high of $10B
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin. 1569 Total views 11 Total shares Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges.According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on…
Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey
One third of participants see Bitcoin as the least preferable investment asset. 2157 Total views 1 Total shares Earlier this week, a Bank of America survey found that American hedge fund managers favor Bitcoin (BTC) over tech, but Goldman Sachs' poll with the Asian chief investment officers tells a different story.Goldman Sach Global Investment Research…
Over 700 Blockchain Firms Founded This Month in China, Over 26,000 In Operation
Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country.According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses…
Swan Bitcoin cancels conference amid staff reduction, mining shutdown
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.
Australia: 100% Crypto-Invested Retirement Portfolios Are Illegal
The Australian Tax Office has issued warning letters to 18,000 Self Managed Super Funds (SMSFs) for concentrating too much investment in one asset class. Under Australian law it is illegal to use more than 90% of retirement funds on a single class, such as property or cryptocurrency, as reported by local news outlet, Micky, Aug.…
Domino’s Pizza Launches $100K Bitcoin Prize Competition in France
The French unit of Domino's Pizza launched an ordering competition with a prize of $110,000 in Bitcoin (BTC) or cash.Game is active from Sept. 4 till Oct. 6According to a company’s tweet on Sept. 6, Domino's Pizza France initiated the 100,000 euro give away on the occasion of its 30th anniversary. Started on Sept. 4, the…
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
Stablecoins in the cryptocurrency market help provide USD pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors flock to more volatile assets and in bear markets, investors seek shelter in low volatility stablecoins thus increasing their market caps.On Jan. 26, the total market capitalization for…
Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain
Multinational metal and oil mining giant BHP has successfully tested blockchain in a conjoint experiment with Japanese shipping company NYK, shipping news magazine Dry Bulk reports Tuesday, Feb. 5.Sustainable biofuel company GoodFuels provided its product for the experiment, while BLOC — a developer of blockchain applications for the maritime industry — built the decentralized ecosystem…