PrimeXBT Analysis: Major Market Shakeup Expected As The Dollar Readies Reversal

The dollar is weakening, leaving the global reserve currency vulnerable to being dethroned in the years ahead. For now, USD remains king. As the global reserve currency, nearly every other currency, asset, etc., trades against the dollar as its base currency pair and is what decides all global exchange rates. You want the latest news about Crypto? Then follow us on Google News! After several weeks of decline and allowing its most threatening competitors to soar in valuations, the dollar Read more …

$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week

This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020. Last Friday, Grayscale Investments filed a quarterly report with the SEC detailing that the firm’s Bitcoin Trust (GBTC) has increased significantly in value. The filing notes that the trust increased in value by over Read more …

$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week

This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020. Last Friday, Grayscale Investments filed a quarterly report with the SEC detailing that the firm’s Bitcoin Trust (GBTC) has increased significantly in value. The filing notes that the trust increased in value by over Read more …

Where Do We Go From Here?

In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked: “Who Read more …

Grayscale Bitcoin Trust Saw Surge in Investor Interest After March

The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020. According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020. The trust issued almost 90% more Read more …

Chainlink Jumps 9% on the Day Crypto Market Loses $8bn; Here’s Why

Chainlink (Ticker: LINK) rebounded from its short-term corrective downtrend on Wednesday as its price surged 9 percent on a 24-hour timeframe. The LINKUSD exchange rate established an intraday high near $14.11 on Binance exchange, up 21.95 percent from its week-to-date low. The pair’s gains appeared despite a broader sell-off in the cryptocurrency market, wherein the overall valuation fell by more than $8 billion. Chainlink chart on TradingView.com shows its bullish continuation bias. What helped the Chainlink token during the turbulent Read more …

Three Reasons Why NFT Market Is Bound to Rise and Shine

In early July 2020, the total sales of nonfungible tokens, or NFT, hit $100 million. And that is just the start. As the DeFi market reached $4 billion in locked value and leading cryptocurrencies started their rally to yearly highs, we might soon see a hockey-stick growth pattern in the NFT space. Let’s have a look at why it might be the case. Where do NFTs come from? It’s no secret that the best thing a project can do during Read more …

FXORO Review – All the Features That Have Turned Fxoro Into a Top Online Broker

Advertisment If you are thinking about signing up with an online broker to start your trading career, you must have heard the name of FXORO. This broker has created an online platform and trading system that most other brokers only dream of. If you are a trader looking for the perfect trading platform, you will not […] The post FXORO Review – All the Features That Have Turned Fxoro Into a Top Online Broker appeared first on Coindoo. You want Read more …

Crypto-Friendly British App Revolut Reportedly Tripled Losses in 2019

Revolut, a crypto-friendly trading app and one of the biggest fintechs in Europe, reportedly tripled its losses in 2019 despite growth in revenue and new customers. The London-based company reportedly posted a total loss of more than 106 million British pounds ($139 million), up from about 33 million pounds ($43 million) in 2018. Nik Storonsky, founder and CEO at Revolut, outlined that the massive losses in 2019 came despite a significant surge in customers, CNBC reports Aug. 11. “We increased Read more …

Explaining The Rudiments of a True Blockchain

For long has mankind hoped for a better means to maintain and safeguard their assets and information; one that isn’t regulated by any authority and is free and fair for all. Amazingly, Blockchain arrived and put that anticipation to bed. Blockchain in a nutshell is a mechanism for storing knowledge in a manner that allows modifying, controlling, or hacking the network, complicated or unlikely. You want the latest news about Crypto? Then follow us on Google News! It is a Read more …

Compound Rallies 35% Following YAM Farming Launch; Time for Caution?

COMP, the native token of Ethereum-based lending platform Compound, blasted through the roof on increasing bids for decentralized finance (DeFi) assets. The latest wave of buying sentiment in the DeFi market followed the launch of Yam Finance. The so-called “yield farming” project surfaced with the promise of offering an elastic supply crypto-asset called YAM as a reward for staking COMP and similar tokens. “We have employed a fork of the Compound governance module, which will ensure all updates to the Read more …

Blockchain Firm Says Banks Need DLT to Manage Identities Better

Blockchain firm HashCash Consultants claims that banks are “chief arbiters” of people’s identities, and need blockchain technology to do it better. According to an Aug. 11 announcement, “accurate identification of an individual is central to banking activities which makes them the chief arbiter of people’s identities.” Still, the current system is not without its issues: “The existing manual processes make identification time-consuming and susceptible to errors. HashCash aims to streamline the process by helping the partner bank create digital identities Read more …