Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH
Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours. Crypto Assets Shed $16 Billion in Two Days At the time of publication, the cryptocurrency market capitalization … Read more
China Could Roll Out Its CBDC Without Anyone Realizing
Ledger’s Glen Woo believes that China’s central bank digital currency could be deployed using existing payment rails without citizens noticing the change. Go to Source Powered by WPeMatico
Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses. Go to Source Powered by WPeMatico
BTC in Peril, Quadriga “Ponzi,” Coinbase Punished: Hodler’s Digest, June 8–14
The Bitcoin uptrend could be in peril, QuadrigaCX described as a “Ponzi scheme,” and Coinbase is punished for outages. Go to Source Powered by WPeMatico
Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization
The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. Top US Banking Regulator Is Pro-Crypto Brian Brooks recently became the new acting Comptroller of the Currency, … Read more
Ethereum Options Open Interest Soars 315% — Are Institutions Bullish?
Open interest on Ethereum options contracts surged 315% to $158 million, but are investors using derivatives for bullish or bearish positions? Go to Source Powered by WPeMatico
Revamping E-Commerce During the Rise of Stablecoins
The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat. Go to Source Powered by WPeMatico
Chinese Banks Says They Will Not Freeze Legal Crypto Accounts
Chinese banks are clarifying that they are not shutting down any legal crypto accounts. Go to Source Powered by WPeMatico
BTC Futures Volume Posts 2020 Low, ETH Open Interest Surges
Daily trade volume for Bitcoin futures contracts has dropped to a new year-to-date low. However, open interest in both BTC and Ether futures are rallying into record highs. Go to Source Powered by WPeMatico
