Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion.Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours. Bitcoin’s 24-hour range: $48,430.80- ...
New Emerging Markets Fund Targets Blockchain, DeFi Startups
Asset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving blockchain innovation in emerging markets.The Arcanum Emerging Technologies Fund is to be the first of a series, ...
MicroStrategy Begins Hiring for Bitcoin Data Product
MicroStrategy is moving to assemble a blockchain analytics team. It would be the first bitcoin-related software product from a company best known for CEO Michael Saylor’s whopping bet on BTC as a reserve asset.The firm, based in Tysons Corner ...
Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows
In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX).“The dollar slid back to flat on the day on Monday after a surge in bitcoin to record highs foiled the U.S ...
PayPal’s Crypto Products Coming to the UK In Months
PayPal’s buy, sell and hold crypto products are coming to the United Kingdom in a few months, the company announced during its investor day.Its launch of crypto as a funding service will go live in a few months as well, and crypto products in ...
Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico
Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico.The yet-to-be-announced project, which Amazon sketched out across a series of r ...
‘Market Battleship’: Why It’s Rigged and How DeFi Can Help
You’ve probably heard there’s a war on Wall Street right now between hedge funds and retail investors over GameStop ($GME) stock and a few others such as AMC Theaters ($AMC) and Nokia ($NOK). This new category of stocks, whose value climbed as a r ...
Bitcoin Could Rally Further as Tesla Leads Corporates on Treasury Investments
Bitcoin’s bull run may be set to intensify as the market anticipates a pick up in corporate demand prodded on by Tesla’s major investment in the cryptocurrency.“Prices can fly very high, I expect other heavyweights to follow suit,” trader and a ...
BitMEX Introduces Data Storage Framework for FATF’s Travel Rule
Crypto exchange BitMEX has published a framework of principles for how best to store additional batches of transactional provenance data, a requirement exchanges face as part of new anti-money laundering (AML) rules.In order to fall in line w ...
India May Side-Step Parliament to Push Through Crypto Bill: Report
The Indian government is reportedly planning to fast-track its proposed cryptocurrency bill using the ordinance process.Similar to an executive order in the U.S., an ordinance law is put into effect by India’s president on the recommendation of ...