Financial Industry News
Today marks the 33rd anniversary of the Black Monday on Wall Street that sent stocks setting historic records for intraday declines. Although this year already had a similar day of its own, there’s reason to believe that another collapse could happen in Bitcoin. Here are the primary factors behind what could cause the crypto market […]
Continue ReadingCentral bankers continued to evaluate the merits, or lack thereof, of a digital currency (CBDC), explaining that digital innovation has its benefits but policy considerations abound during a panel discussion hosted by the International Monetary Fund on Monday. The panel, featuring Federal Reserve Chairman Jerome Powell; Bank Negara Malaysia Governor Nor Shamsiah; Bank for International […]
Continue ReadingThe United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to issuing CBDCs. Speaking at […]
Continue ReadingMajor DeFi tokens, including UMA, Maker, and Uniswap have surged up to 22% in the past 24 hours. The decentralized finance (DeFi) market has generally rebounded following a sustained pullback. There are two main reasons behind the short-term recovery of major DeFi tokens. First, most DeFi tokens were heavily sold since September, causing most to […]
Continue ReadingThe S&P 500 rose at the start of last week, shrugging off the tail end of the previous week, and remained at a solid level until Friday to finish the week on 3.482. Contrastingly, the European and UK equity markets struggled, seeing a dip on Thursday as markets digested the impending and increasing coronavirus lockdown […]
Continue ReadingThe trial of the alleged launderer of $4 billion worth of Bitcoin (BTC), Alexander Vinnik, got underway in Paris on Oct 19. However, despite reported links to the 300,000 BTC hack of Mt. Gox in 2014, prosecutors are focusing on a €135 million ($159 million) ransomware fraud targeting French businesses and organizations between 2016 and […]
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Continue ReadingIt is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US dollar, is experiencing a sharp decline. The inverse correlation between the two stark assets is visible all over again. Only this time, the catalyst that is driving them into different directions is a Jerome Powell speech on […]
Continue ReadingFormer Coinbase counsel Hailey Lennon is joining law firm Anderson Kill. Lennon has joined Anderson Kill’s Los Angeles office as a shareholder in the Technology, Media and Distributed Systems Group. She joins a team of 10 other lawyers who practice in the crypto and blockchain space, including Stephen Palley, Preston Byrne and Bob Cornish. “Hailey’s […]
Continue ReadingBitcoin was lower, tracking what appears to be a new range between roughly $11,200 and $11,700. It’s a step up from levels that prevailed over most of September, between $10,100 and $11,000. “As the bulls push for a return to a $12,000 handle, resistance will be found just below, at $11,900,” Matt Blom, head of […]
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