Popular crypto trader and influencer Elliot Wainman said the market was entering DeFi mania, and gave his top picks for projects that could benefit from the attention. Source Author: Michael Lavere
JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What Read more…
Speaking during a World Economic Forum panel on “Resetting Digital Currencies,” Bank of England Governor Andrew Bailey said that no existing digital currency has the design and governance to make a lasting impact on global finance. When asked whether digital currencies had turned a corner in recent years, in terms Read more…
Janet Yellen will serve as the next Secretary of the Treasury Department following a vote Monday evening in the U.S. Senate. At press time, the ongoing vote shows Yellen with 76 votes in favor to 12 against — more than enough to secure confirmation. Yellen, who previously served as chairwoman Read more…
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world. Source Author: Nikhilesh De
The first wave of COVID-19 vaccines are rolling out globally, with an estimated 65 million doses already administered according to Bloomberg. It’s a sign of relief for many the world over, but some of the vaccines require very careful handling and storage to be viable. The first vaccine approved by Read more…
The speculations about whether Bitcoin is heading toward mainstream adoption does not seem to die down. After corporations such as Grayscale and MicroStrategy raked up more of the asset, recently, every analyst seems to have an opinion about the debate. Bitcoin even seems to be popular among Wall Street legends, Read more…
Crypto analyst and influencer Lark Davis is pulling back the curtain on the latest additions to his altcoin portfolio which he believes have the potential to make investors rich this altseason. In a new video, Davis tells his 183,000 subscribers on YouTube that he’s invested in RAMP, a decentralized finance Read more…
Vanguard said earlier that some clients were experiencing difficulty accessing their accounts on their site. Source Author: Aziz Abdel-Qader
Quick Take eToro jumped on the crypto ride early, so in many ways it was prepared for 2020. The company is soaring thanks to bitcoin’s rally, but don’t expect the rollercoaster to stop. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily Read more…
China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its Read more…
The cryptocurrency investment firm Galaxy Digital is planning new funds for Ethereum’s native coin, Ether. According to documents shared with clients, and reviewed by The Block, the firm is launching a vehicle called the Galaxy Ethereum Fund, along with two other ETH-focused funds geared toward onshore and offshore institutional investors. Read more…
In a new interview with CNBC’s Squawk Box, former Goldman Sachs CEO Lloyd Blankfein said there’s reason to be skeptical about Bitcoin. “It could work,” Blankfein told host Andrew Ross Sorkin. “But, really, at the end of the day, currency is supposed to accomplish a couple of things. It’s supposed Read more…
A leading financial website, SimpleMoneyLyfe, today released the results of the most extensive study ever conducted in the crypto industry. The study uncovers the awareness of the cryptocurrency market by ethnicity and gender, among other factors related to cryptocurrencies and the blockchain industry. After analyzing exclusive survey results and public Read more…
Bank of England Governor Andrew Bailey says a “lasting” digital currency has yet to be invented. Bailey’s comments came during a World Economic Forum panel on “Resetting Digital Currencies.” Bailey said recent innovations for payments infrastructure are here to stay, and digital currencies have a role in dismantling longstanding barriers Read more…
Ethereum saw a meteoric rally yesterday that allowed it to post some massive gains, with bulls taking full control as they sent it to fresh all-time highs The crypto is still struggling to gain enough support to hold above its previous all-time highs of $1,450, with the selling pressure above Read more…
The new account type allows traders to access higher leverage ratios, margin relief and volume rebates. Source Author: Aziz Abdel-Qader
Cryptocurrencies could one day serve as a kind of electronic store of value, according to a report penned by the Bank of Singapore’s chief economist. The report was written by chief economist Mansoor Mohi-uddin. The Bank of Singapore is a unit of Singapore’s second-largest bank OCBC. Mohi-uddin writes that cryptocurrencies Read more…
Two Austrian men have been arrested by the police in Vienna for allegedly helping former Wirecard COO Jan Marsalek to escape from the law in Belarus after masterminding a $2.4 billion corporate fraud. The two men, one who is a former senior agent in the Austrian secret service and the Read more…
On Monday, January 25, 2021, at roughly 2 a.m. (EST), the notorious old school miner from 2010 has spent another consecutive 21 decade-old block rewards with 1,050 bitcoin. This is possibly the same mining entity our newsdesk has been tracking for months. The bitcoin from 2010 moved today follows the Read more…
Ethereum only just broke its former all-time high, while Bitcoin left took that record back in 2020. However, an investment in the top-ranked altcoin at any point since the 2018 bottom, has resulted in a much higher higher ROI than an equal part USD investment in BTC. Why does this Read more…
Bitcoin has been booming as of late, but according to one investor – who wishes to remain anonymous – this isn’t the best time to buy. Anonymous Investor: Buy Bitcoin When People Aren’t Speaking About It At first glance, one can understand where these words are coming from. After all, Read more…
The Singaporean private banking arm of OCBC Bank has dismissed the chances of cryptocurrencies eventually replacing fiat currencies as a medium of exchange. However, the large institution believes that BTC and other altcoins can replace gold in terms of serving as a store of value. Cryptocurrencies: Store Of Value; Not Read more…
Bitcoin bears may be losing their grip on the market, but a strong price momentum is necessary for a correction in price. Yesterday, Bitcoin began its consolidation above the $31,000 and $32,000 support levels. The price broke a crucial bearish channel, with resistance around $32,650. Bitcoin bulls positioned themselves for Read more…
Top asset manager Grayscale Investments has donated $1 million to crypto-based think tank Coin Center. Grayscale also plans to match subsequent pledges from donors up to an additional $1 million, per an official announcement. The donate and match campaign is set to run through the end of February 2021. Grayscale’s Read more…
Deploying your machine learning (ML) models to run on a REST endpoint has never been easier. Using AWS Elastic Beanstalk and Amazon Elastic Compute Cloud (Amazon EC2) to host your endpoint and Deep Java Library (DJL) to load your deep learning models for inference makes the model deployment process extremely Read more…
Star fund manager Cathie Wood is touting Bitcoin’s strength as a hedge against inflation. In a new interview with Yahoo Finance, the CEO of ARK Invest says she expects BTC to continue to outperform gold. “I believe there is no better hedge against inflation than Bitcoin. As we know, gold Read more…
While India has had an often adversarial, murky attitude towards digital assets and cryptocurrencies, the Reserve Bank of India is currently contemplating whether there is a need for a digital version of its sovereign currency, the Rupee. Along with creating a crypto-based iteration of it, the RBI is also hypothesizing Read more…
Zaluski was also a founding member of AION, a blockchain startup in Toronto where he led a $23 million fundraising. Source Author: Aziz Abdel-Qader
Public lobbying records indicate that Coinbase spent $230,000 across 2020 to lobby the federal government on cryptocurrency policy issues. The figure, first reported by Cointelegraph’s Kollen Post, is contained in four quarterly disclosure forms. Coinbase paid lobby firm Franklin Square Group $50,000 in the first quarter of 2020 and $60,000 Read more…