Financial Industry News
Glenn Close recently mocked the Oscars for awarding Gwenyth Paltrow Best Actress in 1999. Musical artists like The Weeknd, Justin Bieber, and Halsey criticized the Grammys for their 2021 nomination choices. The Grammys, the Oscars, and even the presidential election all have one thing in common: the power is not with the people. It’s with […]
Continue ReadingThe price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet. On Coinbase, the price of Bitcoin hit its peak at $19,891 in December 2017. The all-time high […]
Continue ReadingWhile some near-term pricing correction is likely to be expected, analysts who spoke to CoinDesk said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high. One difference from the last bull run? The current market has gained support from a new […]
Continue ReadingAfter years of delays and changes in plans, Ethereum 2.0 is finally approaching release on Dec. 1. Ethereum 2.0 Phase 0 is introducing the long-awaited mechanism of staking to the smart contract platform, in addition to launching the skeleton of a future Eth2 blockchain, the Beacon Chain. Progress in 2020 steadily picked up pace as […]
Continue ReadingToday, Bitcoin price set a new all-time high record. While that statement certainly speaks for itself, it does beg the question: what comes next? Given the fact that this hurdle was the one the entire investor class was watching, and it is now out of the way, the most logical next target could be $25,000. […]
Continue ReadingEthereum and the entire crypto market are showing immense signs of strength today This comes as investors pour money into the market at a rapid pace, with Bitcoin rapidly approaching its all-time highs This rebound comes close on the heels of a sharp selloff that led ETH to $490 and BTC to $16,400 Where the […]
Continue ReadingThe Maduro regime continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated a new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various ASIC mining equipment used to crack proof-of-work algorithms. General Lenin Herrera presented the […]
Continue ReadingU.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum (ETH) 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform. In an official blog post, Coinbase said it plans to roll out Eth2 staking, trading, and conversion services starting in early 2021. Once Eth2 is supported, […]
Continue ReadingBritish economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece, Ferguson said Sunday that the current pandemic has generally been good for cryptocurrency adoption, accelerating a “monetary revolution” around the […]
Continue ReadingBitcoin surged Monday to a new all-time-high price of $19,864, extending its year-to-date rise to an astounding 170% during a 2020 that has seen tumultuous swings in global markets. Here are five reasons why the oldest and largest cryptocurrency has pushed to new highs. 1) Some institutional investors are taking on bitcoin exposure, such as […]
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