Day: January 13, 2021

President-elect Joe Biden to Name Gary Gensler as New SEC Boss

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Despite his exposure to the potentials inherent in cryptocurrencies, many people are divided on the probable approach of Gary Gensler if he is finally affirmed as the new boss of the Securities and Exchange Commission. The United States president-elect Joe Biden is expected to name Gary Gensler, a Washington financial technocrat as the next Chairman of the United States Securities and Exchange Commission (SEC). Gensler’s pronouncement as the new SEC boss is expected to be made known in the coming days according to a Reuters report citing sources close to…

Checkout.com Raises $450M in Series C Funding

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The Checkout.com Series C funding was led by Tiger Global Management. Checkout.com closed a $450 million Series C round to reach a $15 billion valuation. The cloud-based payments technology company was founded in London in 2012. It focuses on a lot of payment-related functions like approving and processing payments and fraud detection and prevention. It works with e-commerce giants like Farfetch, Mango, Victoria’s Secret, L’Occitane and The Hut Group. Checkout.com endeavors to make its product as customizable as possible to enable clients to integrate it seamlessly into their product. In…

Winklevoss’ Gemini Would Back New Bitcoin ETF Application in Canada

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A prospectus for a new bitcoin exchange-traded fund (ETF) has been filed with the Ontario Securities Commission in Canada. Arxnovum Investments Inc filed documents for the “Arxnovum Bitcoin ETF” on Monday. The ETF is planned to be listed on the Toronto Stock Exchange (TSX) under the ticker “BIT.U.”  The manager behind the ETF application is Shaun Cumby, CEO of Arxnovum Investments. Previously, Cumby held the position of CIO at 3iq Corp – the Canada-based digital asset manager behind the launch of the Bitcoin Fund (TSX:QBTC.U), called the world’s first regulated…

GM Stock Rises 6% As General Motors Unveils Plan to Launch All-Electric Van and Flying Cars

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General Motors is accelerating the development of all-electric vans produced by its new business unit BrightDrop. On the other hand, the company has also revealed its ambitions to bring flying car taxis into the market. On Tuesday, January 12, shares of General Motors Company (NYSE: GM) hit a five-year record high as the Detroit automaker made interesting announcements. General Motors plans to launch an all-electric delivery van EV600 by the end of this year. Thus, GM stock closed 6.29% higher at $47.82 on Tuesday. After hitting a low under $20…

14K TARGET?!!! BITCOIN DUMP Is Here?!!! ⚠️ Crypto Crash TA Today/ BTC Cryptocurrency Price News Now

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Price Dump Target Analysis & Crypto Crash News! 👍 THUMBS UP & SUBSCRIBE NOW + 🔔! *** VIP PRIVATE TRADE ALERTS – *** ******* VIP ELITE TRADE ALERTS ******* ************** 2020 VIP ELITE INFO:************** 🚨 VIP PRIVATE TRADE ALERTS – ************** Is the Bitcoin (BTC) price potentially going to dump/crash further, in my opinion?! Let’s discuss this live today and some cryptocurrency trading technical analysis (TA) + speculative price prediction(s) target + current 2020 market news for cryptos in today’s video/live…

Bitcoin (BTC) on Path to Maturity, Institutional Participation Is Still Little

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The head of commodity research at Goldman Sachs said that Bitcoin (BTC) is certaintly attaining more maturity as an asset class. However, he adds that more institutional money needs to flow into BTC to gain price stability. After the recent Bitcoin bull run, Wall Street banking giant Goldman Sachs has agreed that BTC is on the path to maturity. Goldman Sachs head of commodity research Jeff Curie spoke to CNBC on BTC during a recent interview with the media house. However, despite signs of financial maturity in Bitcoin, the institutional…

US Navy awards $1.5M jet fighter contract to blockchain project

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SIMBA Chain, a cloud-based smart contract platform, has been tasked with revamping the supply chain of the United States military after it received a $1.5 million grant from the U.S. Office of Navy Research. The project will be responsible for developing a blockchain-based solution to enable demand sensing for critical military weaponry parts. Demand sensing is a forecasting technique used in supply chain logistics that processes information in real-time to accurately predict demand ahead of time. Work will reportedly focus on constructing a use case centered on the Boeing F/A-18…

General Electric (GE) Stock vs Bitcoin: What Is to Invest?

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On key earnings and sales metrics, GE stock earned a poor EPS Rating of 11 out of 99. However, the stock still has strong, rising institutional support. Therefore, some experts recommend considering investing in GE stock instead of buying Bitcoin. Bitcoin (BTC) is seeing its correction after hitting new records, with its current price of $34,059. Bitcoin’s volatility is spiking, while its average transaction fees have scaled to their highest since 2018, around $13.82. Bitcoin trading volume has surged to an all-time high in most exchanges led by the top…

DeFi Tokens SNX, COMP and MKR Show Stability as BTC Sees New Retracement

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DeFi tokens are on the rise as the Office of the Comptroller of the Currency (OCC) is considering the possibility to grant banking charters to the growing number of DeFi projects. The ongoing sentiment around the cryptocurrency ecosystem appears to be stronger around decentralized finance (DeFi) tokens. Bitcoin (BTC) which began its ongoing price retracement on Monday, January 11th, has continued to smear the confidence of traders on the need to hold onto the premier digital currency in a bid to watch new price growths above the last all-time high…