German Gov’t $354M BTC sell-off: Yet more volatility incoming?
The German government is ramping up its Bitcoin sell-off, preparing to offload an additional $342 million worth of BTC.
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Price analysis 10/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC
The 10-year Treasury yield in the United States rose to its highest level since 2008. Although this type of rally is usually negative for risky assets, the U.S. stock markets recovered ground after the Wall Street Journal reported that some officials of the Federal Reserve were concerned about the pace of the rate hikes and…
Shopify to accept USDC payments with Solana: Report
Solana Pay has reportedly been added to Shopify's payment solutions, giving millions of merchants access to cryptocurrencies. 217 Total views 7 Total shares E-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin (USDC)…
Market Mayhem: Bitcoin Sinks Below $3.4K, Ethereum Plummets to Double Digits
Friday, Dec. 7 — Crypto markets have today again taken a major downturn, with virtually all of the major coins by market cap seeing double digit losses. Some coins are down by over 20 percent, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) has taken a steep hit of over 11 percent on its…
Venezuela President Maduro Is Not Pro-Crypto, He Just Likes Petro
Last week, the president of Venezuela, Nicolás Maduro, appeared on national television approaching a Trezor-branded stall at a local technological fair. He seemed perplexed as to what exactly a hardware cryptocurrency wallet is supposed to do.Still, Maduro, device in hand, turned to the camera and proclaimed that cryptocurrencies — his country’s own digital currency, Petro,…
Singapore Central Bank: Concerns Over Facebook’s Libra ‘Not Trivial’
Singapore’s central bank has held discussions with Facebook about its upcoming libra cryptocurrency, Bloomberg reported on June 27.Ravi Menon, the managing director of the Monetary Authority of Singapore, reportedly acknowledged libra’s potential benefits — such as making payments cheaper or supporting the unbanked — but said the regulator needs to understand exactly how the tech giant’s system will work.As well…
Blockchain technology could be particularly beneficial for women, says WTO director general
The former foreign and finance minister of Nigeria said the G20 should be looking into blockchain solutions to close the gender gap. 598 Total views 6 Total shares Ngozi Okonjo-Iweala, the director general of the World Trade Organization and former foreign and finance minister of Nigeria, said blockchain technology could help empower unbanked and underbanked…
CME Will Not Introduce Altcoin Futures Anytime Soon, Says CEO
The Chicago Mercantile Exchange (CME) will not introduce futures on cryptocurrencies other than Bitcoin (BTC) in the near future, CME CEO Terry Duffy revealed in an interview with Bloomberg July 26. In the interview, Duffy said that the company should first evaluate and develop an approach for Bitcoin, stressing that Bitcoin futures “might have been…
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulatory scrutiny, affecting key partnerships for its operations worldwide. Crypto custodian Prime Trust filed for…