Bitcoin price attacks $5,500 as President Trump announces support for a $1 trillion COVID-19 economic stimulus package. Bitcoin’s recovery from last week’s catastrophic drop to $3,700 continued on Tuesday as the digital asset briefly topped $5,500 before pulling back below $5,400. The improvement in the crypto market’s price action appears to have received a boost…
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Leading up to its token generation, Akon’s crypto project Akoin has garnered added expertise, partnering with Delchain. Akoin, a cryptocurrency project from famous singer Akon, has joined up with blockchain financial infrastructure company Delchain. “Bahamas-based digital asset management leader Delchain, an affiliate of Deltec, has provided strategic advisory services and expertise in connection with Akoin’s…
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Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable. Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain increases logistic transparency The report…
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Sometimes, the history indeed repeats itself. In the Cryptoverse, it’s the short-term traders who have been driving the most recent sell-off. Again. As reported in October 2019, crypto market analysis firm Coin Metrics found that the bitcoin (BTC) selling pressure at the time originated from short-term traders that got this coin at prices between USD…
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The upcoming Bitcoin halving remains a major topic within the industry. What can we learn from past experience to be ready for it? There appears to be increasing anxiety in cryptocurrency markets after the prices of Bitcoin (BTC) failed to maintain above the psychological $10,000 level in February. The disappointment came less than three months…
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Bitcoin price is managing to hold above the $5K level, which has now flipped into support as a relief rally looks to be in the cards. On March 16 Bitcoin (BTC) price bounced back above the $5,000 barrier, while equity markets in the United States saw their worst day since 1987. Traditional markets closed 13%…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. DeFi news As a result of an Executive Vote held today, MKR holders have accepted USD Coin (USDC) as a new collateral asset in the Maker Protocol, says the announcement. 82%…
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An important spreadsheet has been making its way through the Cryptoverse – that of an Ethereum conference attendees who have tested positive for coronavirus – potentially as a warning to others. Popular Ethereum Community Conference (EthCC) took place from March 3 until March 5 this year in Paris, with some 600 people attending it, including…
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Major European financial institutions have jointly launched a blockchain-based platform for the investment fund industry. Major European financial institutions are jointly launching a blockchain-based platform for the investment fund industry. The system was initially incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare, which, alongside Clearstream, Credit Suisse Asset Management and Natixis Investment Managers,…
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Billionaire Tim Draper sees potential in DeFi and invests in a new DAO governance platform called DMM DAO. Tim Draper, the billionaire and Bitcoin bull who has backed Tesla, SpaceX and Coinbase, is making moves into decentralized finance. He is now investing in DeFi Money Markets DAO (DMM DAO), according to the DMM Foundation’s official…
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