Day: February 11, 2021

Bitcoin Hits New All-Time High as BNY Mellon Announces Crypto Custody

boss

Bitcoin set a new record highs on Thursday after BNY Mellon, America’s oldest bank, announced crypto custody for institutional clients. The cryptocurrency set a new high of $48,297 during the U.S. trading hours, surpassing the previous peak price of $48,226 registered on Tuesday, according to CoinDesk 20 data. Buyers stepped in around $46,700 after BNY Mellon said it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients. “Bitcoin is loving the BNY Mellon news. It’s a very big deal,” trader and analyst Alex Kruger…

Here's why Guggenheim is set to join the cryptocurrency craze

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Sonnenshein, managing partner at Grayscale, joins “Squawk Box” to discuss a potential $530 million investment from Guggenheim in bitcoin. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily…

XSL Labs Unveils Solutions to Redefine Digital Data Identity Security

boss

The entire innovation being churned out by the XSL Labs is based on a decentralized system and the protocol will be deploying its DApp is called ONE. ONE will help enhance the interoperability of all services that will use SDI. French-based blockchain-based digital identity startup XSL Labs is developing a digital identity solution that is set to restore power to owners of data in a decentralized manner. The solution dubbed the Secure Digital Identity (SDI) is the brainchild of Georges Tresignies, founder of the French YouTube channel Slash Coin, and…

Fintech Giant Adyen Has No Plans of Accepting Bitcoin as Payment Method

boss

The announcement from the European fintech giant comes as a surprise to many as Adyen once allowed its clients to accept bitcoin as a payment option but has now revealed they longer support the cryptocurrency. European fintech giant Adyen has revealed that it has zero interest in adding Bitcoin as a payment method after its clients asked for it. The fintech firm which processes payments for multi-million companies including Facebook, Netflix and Uber, stated that it isn’t convinced that Bitcoin can be used as a mainstream form of payment. Bitcoin’s…

Bitcoin and Ether Market Update February 11, 2021

boss

Total crypto market cap added $201 billion to its value for the period since Monday and now stands at $1,409 billion. The top ten coins are mostly in red for the last 24 hours with Binance Coin (BNB) losing 12.4 percent while Cardano (ADA) added 6.4 percent to its value. At the time of writing bitcoin (BTC) is trading at $46,262 on the Bitstamp daily chart, ether (ETH) climbed up to $1,774. BTC/USD The most valuable crypto asset corrected its price down to $38,868 on Sunday, February 7 after failing…

Polkamarkets Disrupting Prediction Markets with Its DeFi-Powered Platform

boss

Polkamarkets will enable participants to find yield through decentralized exchange, lending, farming and providing liquidity for others to use. Polkamarkets, a DeFi-powered prediction market, is introducing an innovative approach to the forecasting markets. The platform uses blockchain technology to open up the market to more people across the globe whilst providing them with alternative means of earning from their prediction of real-world events. Polkamarkets is built on the Polkadot blockchain enabling it to combine the power of DeFi and liquidity incentives to usher in a new era of forecasting. With…

New Bullish Wave in Sight for BTC and ETH after mid-February Correction

boss

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. BTC/USD BTC/USD started the trading session of 10th February at 46,505. From the start of the trading session until 05:00 UTC, the trading pair was trending down and briefly fell below 46,000 between 04:00 and 05:00 UTC. A local pullback followed the downslide, and the pair reached the local resistance level at 47,341 between 10:00 and 11:00 UTC, but was quickly driven down, closing the hour well below 47,000 in a…

Will Elon Musk’s Dogecoin Support Pay Off Investors? Bitcoin Bulls Ask Investors to Maintain Caution

boss

Popular venture capitalist Nic Carter thinks that Dogecoin doesn’t have any real value apart from being a fun cryptocurrency. Carter doesn’t agree with Musk’s suggestion of HODLing Dogecoin. Over the last week, the world’s richest man Elon Musk has showered unprecedented support to meme cryptocurrency Dogecoin. The result was DOGE price surged past $0.080 hitting its all-time high and making way to the top-ten list. With Musk’s relentless support, investors have jumped into the game with some even willing to take the DOGE price to $1. Other popular personalities like…

Amazon job postings hint at digital payments project to launch in Mexico

boss

American e-commerce giant Amazon is developing a new service that will allow its customers to shop using digital currency, according to the company’s job postings. According to an official job application on Amazon, the company is now building a tech team to enable a new digital currency service. Currently known as a “Digital and Emerging Payments,” or DEP, project, the service will initially roll out in Mexico, allowing local people to buy crypto with cash to spend digital currency while shopping. The job posting reads: “We are looking for a leader…

SEC Should Investigate Tesla CEO Elon Musk for Market Manipulations

boss

Roubini thinks the crypto industry might collapse if Tether and Bitfinex are indicted later this year.  In an interview on CoinDesk Tv, NYU economics professor Nouriel Roubini criticized the recent crypto involvement of Elon Musk while the Tesla company stacked Bitcoin, calling it market manipulation. According to Roubini, the United States Securities and Exchange Commission (SEC) should investigate Musk on market manipulation charges. Notably, Musk has in the past endorsed Bitcoin and Dogecoin through his Twitter account that has over 46 million followers. Hereby prompting a huge exodus of retail…