Day: February 13, 2020

Wells Fargo Joins Elliptic’s Series B Investment Round

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Wells Fargo Strategic Capital, the venture arm of the fourth-largest bank in the U.S., is contributing $5 million to Elliptic’s Series B funding round. According to a Feb. 13 press release, the investment will help the company build products for large financial institutions. The latest investment brings Elliptic’s Series B raise to more than $28 million. Previous investors include Japan’s SBI Group and Santander InnoVentures, an investment branch of the Spanish bank.  The additional resources will be used to fuel Elliptic’s expansion in Asia. Additionally, the company hopes to accelerate…

Bitcoin and Cryptocurrency Are ‘Like a Giant Garbage Dumpster,’ Says Minneapolis Federal Reserve President

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The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that all that’s emerging from the crypto world “is burning garbage.” Also read: Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger Bitcoin and Crypto ‘a Giant Garbage Dumpster’ Minneapolis Federal Reserve President Neel Kashkari talked about cryptocurrencies, including bitcoin, at a Town Hall…

Bitcoin’s Intense Rally to Continue Once it Breaks This Key Level

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Last updated:February 19, 2020 Bitcoin’s 2020 uptrend has been unwavering, with the crypto posting steady gains without ever incurring any notable pullback throughout the course of this rally. Overnight, however, the crypto experienced some intense volatility that appeared to be bear’s attempt at invalidating Bitcoin’s bullish market structure by pushing the cryptocurrency below $10,000. Bulls have been able to defend this key level, however, leading analysts to note that BTC could be poised for an imminent break above $10,400, which is a key near-term resistance that has been halting its…

Ether Futures Volume Highest Since June 2019

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As its price rose to seven-month highs on Wednesday, the aggregate daily volume in ether futures exceeded $4.5 billion for the first time since June 27, 2019. Volumes have risen sharply over the past three weeks from $750 million to above $4.5 billion, according to data from Skew Markets. During that time, ether’s (ETH) price rallied by nearly 70 percent, from $160 to $280.  The surge in trading volumes and prices shows renewed interest in ether and alternative cryptocurrencies in general, as a large amount of altcoins are built on…

Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet

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Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network. The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month old, given that the document in question was published in December 2019. Bank Asia’s logo is present on a page showing examples of RippleNet users, alongside Santander, American Express, MoneyGram, Send Friend, Standard Chartered, SABB and SBI Group. The LinkedIn profile of the bank’s head of…

LeBron James Doing Big Things Both on and off the Court

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LeBron James dropped his 12th triple-double of the season as the LA Lakers beat the Nuggets 120-116. The Lakers look like hot favorites for the NBA championship heading into the all-star break. Off the court, James helped change the lives of nearly 200 students with free college tuition. Man, what a week for both LeBron James and the LA Lakers. The Akron, Ohio-born forward continues to amaze fans on the basketball court. Even at 35 years old. Watching James and Anthony Davis do their job is often a thing of…

Does Colin Kaepernick Not Realize It’s Obvious He’s Lying?

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Former 49ers quarterback Colin Kaepernick says he’s ready and waiting to get back to doing what he does best. Play football. The Nevada native hasn’t thrown a ball professionally since the 2016 season. Kaepernick’s claims about wanting to get back to football don’t quite measure up with his actions. Let’s get one thing straight. Colin Kaepernick is an NFL-caliber quarterback. Pro scouts who saw him throw the ball in November say he’s still got an elite arm. Kaepernick is once again making noises about returning to the NFL. But something…

Here’s How to Inspect Bitcoin’s Next (Likely) Major Upgrade Yourself

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As the bitcoin community gears up for its next likely major code upgrade, students of the cryptocurrency have an opportunity to inspect the changes themselves, with help from core developers. The weekly Bitcoin Core review club has started guiding users through the proposed Taproot/Schnorr code, designed to improve privacy and scalability and boost smart-contract usage for the largest crypto by market cap. Bitcoin’s (BTC) code is open-source, so anyone can scan proposed changes. Reviewing code is one of the best ways new contributors can dip their toes into the complex…

Here’s How to Inspect Bitcoin’s Next (Likely) Major Upgrade Yourself

boss

As the bitcoin community gears up for its next likely major code upgrade, students of the cryptocurrency have an opportunity to inspect the changes themselves, with help from core developers. The weekly Bitcoin Core review club has started guiding users through the proposed Taproot/Schnorr code, designed to improve privacy and scalability and boost smart-contract usage for the largest crypto by market cap. Bitcoin’s (BTC) code is open-source, so anyone can scan proposed changes. Reviewing code is one of the best ways new contributors can dip their toes into the complex…