Bitcoin Price Surges by 10% to $16,300 After Week-Long Slump

The bitcoin price has started to demonstrate early signs of recovery and an upward trend after experiencing a week-long slump. 10 Percent Surge Over the past 24 hours, the price of bitcoin has surged by more than 10 percent, increasing from $14,500 to $17,000 at its peak. Since then, in the past three hours, the …

Bitcoin Price Barrels Past $16,000 as Altcoins Enter Decline

The bitcoin price made a bullish leap on Friday, crossing $16,000 to reach its highest point of the year. The ripple price, meanwhile, declined nearly 11 percent as the weeklong altcoin rally appears to have hit a wall. Bolstered by a resurgent bitcoin, the total cryptocurrency market cap rose to a new all-time high above …

Central Banks Favor Digital Currencies for Interbank Settlements

“No major central bank intends to implement a retail CBDC in the near term. However, the debate about wholesale CBDCs has moved on from questions of feasibility to practical considerations,” the report read. Majority Prefers Wholesale CBDC IBM and OMFIF rested the survey on how wholesale CBDC could be developed, tested and issued on a …

Swiss Bank Helps Clients Participate in ICOs

Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and …

Shark Tank’s Kevin O’Leary Invests $100,000 in Bitcoin Investing App

For several decades, banks and financial advisors have searched for ways to get those without vast resources to invest and save their money. An early example was Bank of America’s Keep the Change program, which rounded up purchases and moved the change to savings accounts. The Need for Passive Investment A few years back, the Lawnmower …

China’s Largest Newspaper Group to Launch Blockchain Laboratory

People Capital, the venture capital arm of People’s Daily Online — the official newspaper of the Chinese Communist Party — has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large. The alliance between the companies is part of a global …

Stop Moving the Goal Posts

Earlier this month, representatives from options exchange CBOE, fund provider VanEck, and blockchain startup SolidX met with top Securities and Exchange Commission (SEC) brass, and — unsurprisingly — the group’s pending bitcoin ETF application was at the top of the agenda. Bitcoin Market Reaching Maturity In the meeting, which was held on Oct. 9, VanEck …

Binance is Legitimizing Crypto Market by Eliminating Money Laundering

Binance, the world’s largest crypto exchange, has voluntarily engaged in an initiative to eliminate money laundering on its platform. For years, despite the inherent lack of privacy measures on major public blockchain networks like Bitcoin and Ethereum that discourage the settlement of illicit transactions, a widely pushed narrative against crypto has been the suspected usage …

China’s Internet Agency Regulator Has Strict Demands For Blockchain Startups

China’s central internet regulator has issued strict rules targeting blockchain companies and entities operating in China. The Cyberspace Administration of China has published draft regulations on Friday demanding blockchain-based information service providers to register users using real names, national identification numbers, censor postings and store user data. The regulations follow an open letter posted by a Chinese student activist …