It’s no longer news that the mainstream financial sector is gradually warming up to Bitcoin and cryptocurrencies. Blockchain, the technology behind Bitcoin, has also proven to be a catalyst for technological innovations in different sectors. And Bitcoin has continued to conquer and surpass several benchmarks set for the top cryptocurrency. Read more…
A U.S financial services regulator is seeking to finally deny banks and other financial institutions the right to deny businesses service based on their sector of operation. A new proposed rule will finally see banks judge cryptocurrency businesses based on licensing and compliance merits. This step could be a big Read more…
It may be hedge funds, rather than retail investors, that are driving this autumn’s rally in the price of Bitcoin. And this time round, the institutional investors are buying exchange-traded products as well as the underlying cryptocurrency. A Bitcoin ETP managed by Swiss issuer 21Shares is receiving creations—the equivalent of Read more…
Jay Clayton, outgoing Chairman of the US Securities and Exchange Commission (SEC), said in an interview that Bitcoin was not a security, it was more like a stored value and a payment mechanism. In an interview with CNBC’s Squawk Box, Clayton accepted inefficiencies in the current payment mechanism and added Read more…
Bitcoin just took out another significant barrier on the way to a new all-time high. At the time of writing, BTC/USD is changing hands at $16,988 after hitting $17.081. While the cryptocurrency experts believe that the short-term downside correction is unavoidable, the long-term perspectives for the pioneer cryptocurrency remain bullish. Now that Read more…
The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all Read more…
Most analysts and investors are bullish on BTC and long-term price targets, as unreliable as they may be, often go into seven digits. Analysis from Bloomberg Intelligence, for example, sets Bitcoin forecast 2025 at $100,000 as most measures of demand and adoption support an upward trajectory for BTC. Most analysts and investors Read more…
Ethereum continues to be the poster child for why you shouldn’t fundamentally change your protocol if you want serious users. The long anticipated (and delayed) rollout of “Ethereum 2.0” is set to begin at the start of December, but there are signs there could be further setbacks, due to the complex Read more…
Brian Brooks stands as the leader of the US Office of the Comptroller of Currency, or OCC*, and was a former executive from the Coinbase exchange. Recently, the OCC has received a letter sent by multiple congress members, who have come to express concerts regarding his leadership and its heavy focus on Read more…
Israeli cybersecurity giant Check Point Software Technologies revealed a new type of ransomware, dubbed Pay2Key, that has footprints leading to Iran. The attackers have already succeeded in harming several Israeli companies, including a leading law firm and a tech company in the gaming industry. Data on the attacked companies has Read more…