In the past few sessions, there were mostly positive moves in bitcoin price above the USD 6,200 pivot level. BTC/USD was able to surge above the USD 6,500 resistance and it even tested the USD 6,850 area. The price is now (08:30 UTC) consolidating above USD 6,500 and preparing for more gains. Similarly, most major…
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Bitcoin price pushed higher toward $7,000 as U.S. lawmakers agreed on a $2 trillion stimulus package aimed at fixing the damage caused by the Coronavirus pandemic. Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic…
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With trillions of dollars available for financial stimulus in the wake of the coronavirus outbreak, Binance’s CEO believes that could pump Bitcoin’s market cap to $2 trillion. After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at…
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The CFTC has released new guidelines of physical delivery of digital assets as it relates to trading. The U.S. Commodity Futures Trading Commission, or CFTC, has publicized clarity on physical digital asset delivery as it applies to traded market products. “The Commodity Futures Trading Commission today announced the Commission voted unanimously to approve final interpretive…
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According to the Coin Metrics report, stablecoins’ transfer value hit an all-time high following the crypto bloodbath on March 12. Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits. Coin Metrics, which conducts analysis of various aspects of…
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Huobi sits in second place. Binance has more than $1 billion in ERC-20-based stablecoins as of March 24. This figure surpasses a milestone that quite far ahead of second-place Huobi. Binance holds $1,007,585,549 of these stablecoins as of press time, a balance that has grown some $105,583,132 over the past seven days, according to the…
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The Bank of China has completed the basic function development of a digital Yuan and it has moved one step closer to launch its CBDC during a middle of global recession. As central banks around the world are cutting interest rates to zero and taking aggressive action against the economic recession due to the coronavirus…
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The SEC has been granted an injunction to prevent the distribution of Grams with the U.S. court saying that there would be a “near certain risk of a future harm.” A United States District Court has granted an injunction against Telegram, preventing the company from issuing its GRAM tokens at the present time. Court says…
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Trading app Robinhood is trying to win back the trust of users affected by catastrophic technical outages earlier in March. Crypto and trading app Robinhood has begun taking action to reconcile with users affected by technical problems that sidelined them during the biggest one-day point gain in the history of the Dow Jones Industrial Average.…
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Swiss crypto bank Sygnum has launched what it describes as the first CHF-backed stablecoin to be issued by a regulated financial institution. Pioneering Swiss crypto bank Sygnum unveiled a stablecoin pegged to the Swiss franc on March 20. Sygnum’s ‘DCHF’ “settlement token” is backed 1:1 by funds held with the Swiss National Bank. According to…
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