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Day: April 8, 2021
Will U.S. bank State Street start trading crypto?
According to a press release, one of the most important banks in the U.S. State Street will partner with start-up Puremarkets. The cooperation will enable State Street’s Currenex, a “high performance” trading technology provider, to work with the start-up on a crypto trading platform. In parallel, the partners might explore “the digital currency trading space”. With over $3.15 trillion in assets under management and $38 assets under custody, State Street is one of the largest banks revealing participation in the crypto industry. The trading platform called Pure Digital will be,…
Bitcoin Adoption Grows Following Lightning Network’s Nodes Doubling
The mainstream adoption of Bitcoin (BTC) may soon be a reality following the Lightning Network’s nodes doubling. Bitcoin’s Scalability Issues Data from Bitcoin Visuals suggests that the number of Lightning Network nodes grew from 4,000 – 5,000 between April 2019 and April 2020 before skyrocketing to over 10,000 this month. The growth stems from the network’s onboarding of major crypto exchanges and payment apps. Bitcoin, a product of Satoshi Nakamoto’s 2008 whitepaper, was envisioned as the currency for a P2P electronic cash system. Despite the novelty of its invention, BTC…
Number Of Bitcoin Mentions In Company Earnings Reports Goes Parabolic
Among the many reasons for the ongoing bull run in Bitcoin, has been the emergence of corporations and businesses adding BTC to their company treasury reserves. The sudden increase in demand for large sums of BTC during a period of low supply has caused prices to go parabolic. Interestingly, so have the numbers of mentions in company earnings reports that reference the first ever cryptocurrency by name. Bitcoin Becomes Corporate Treasury Asset, Led By MicroStrategy CEO Michael Saylor 2020 was undeniably the year Bitcoin officially matured as an asset. Rather…
Alliance of major firms aims to reduce crypto’s carbon footprint
A group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency. In an announcement today, the Crypto Climate Accord — reportedly inspired by the 195-signatory Paris Climate Agreement — said it aims to address the “large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.” Launched by nonprofits Energy Web Foundation, the Rocky Mountain Institute, and the Alliance for Innovative Regulation, the group’s partners include high-profile firms in…
Why Cathie Wood Is BULLISH on Ethereum [$10,500 Price Target?]
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is Ethereum better than Bitcoin? Will Ethereum overtake Bitcoin? Let’s talk about which is the better investment today. 📈How I Find The Best Projects In Cryptocurrency: 👉[50% Discount Using Coupon Code – HODL] 👈 ➡️ Get 4 FREE stocks worth $21 to $3,700 – 📷 Follow me on Instagram – ➡️ Get $25 of Bitcoin Free: ➡️ Get An Extra $10 of Bitcoin Free: ➡️ How I Protect My Cryptocurrency: 00:00 Start 01:45 What Is Ethereum? 03:07 Decentralised Finance 04:16 Why I’m…
1inch, Celsius (CEL) and PancakeSwap (CAKE) rally as traders return to DeFi
Bitcoin’s (BTC) range-bound action since its breakdown at the $61,000 level has confused analysts. Some are projecting that a sharper correction could be in development while others remain steadfast in their belief that the uptrend will resume shortly. According to data from Ecoinometrics, history suggests that Bitcoin price breaks out between 300 and 350 days following a supply halving. Currently, 329 days have passed since the latest halving, and if history repeats itself Bitcoin could soon witness a breakout. Crypto market data daily view. Source: Coin360 An encouraging sign from this most…
Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data – Regulation Bitcoin News
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank Measure ‘Violates’ Privacy Rights, Says Lawyer According to Victor Castillejo, an Argentinean lawyer, the “habeas data” complaint filed argues that the Central Bank of the Argentine Republic (BCRA) decision to ask such data is illegal.…
1inch announces rebrand to ‘1inch Network,’ laying groundwork for expansion
Decentralized finance platform 1inch announced on Thursday a rebrand to “1inch Network” — a facelift designed to better reflect the current and future state of the multichain, multiprotocol platform as it continues to grow, according to 1inch co-founder Sergej Kunz. “For us it is a logical move. Me and Anton started with just an aggregation protocol at the ETHNew York hackathon in 2019 and now we have the whole ecosystem of protocols, such as: 1inch Liquidity Protocol (prev. Mooniswap), 1inch Aggregation Protocol, instant governance and the 1INCH governance/utility token,” he…
How Grayscale Bitcoin Trust at discount could change BTC
After spending the entire month of March at a loss, the downtrend in Grayscale Bitcoin Trust premium has extended. At the time of publication, the premium stands at -11.45%, near its all-time low at -14%. GBTC trading at a discount. Source: Ycharts In contrast, the Canadian Purpose Bitcoin ETF had a nearly month-long streak at record inflow levels begging April. Comparing the data, GBTC at a discount, and the growth in the BTC ETF, there is a trend in investors favoring the latter. Also the Canada Bitcoin ETF’s lifetime inflow…