Crypto asset traders and analysts are looking for positives for the crypto industry out of the newly elected leaders.
Nouriel Roubini said due to the lapses of existing digital currencies bordering on scalability and security most importantly, they cannot be the future of digital payments, but CBDCs will.
The only exception to this is if such businesses have obtained a ‘reciprocal’ license from another state that is deemed appropriate for authorization to operate cryptocurrency services in the state of New Jersey.
Just a few days after the US election is over, world pharmaceutics giant Pfizer announces that it’s COVID-19 vaccine is 90% effective. The news spread rapidly through the media and sparked a surge of the US indices.
Due to the way its consensus protocol operates, EOS is considered far more centralized than Ethereum.
The banking giant said that Bitcoin is smartly consolidating its strength against the yellow metal and emerging as a potential alternative.
Bitmax’s recent expansion to the DeFi landscape is an accurate representation of the prevailing trend of the centralized crypto exchange market.
Cred unofficially indicated that it filed for bankruptcy protection “to maximize the value of its platform for its creditors”.
Cascarilla noted that the development of the PAXG gold-backed token came as a natural fit for Paxos’ vision.
Out of the total number of crypto ATMs globally, the US has about 79%, which equals 9242 machines.
Dubai’s innovation-driven approach and friendly regulatory conditions made it favorable for Ripple to set-up up its new HQ in the financial hub. The new headquarters will let Ripple expand its operations in the Middle East and North Africa.
Bitcoin’s latest market rally has helped it surpass the market cap of some of the top companies. Another 50% of the current levels can put it above Visa, Mastercard, and JPMorgan. Veteran players from the investing world say that big companies will soon have exposure to Bitcoin.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Weekly recap.
For the time being, the DEX industry is still in its infancy. Facilitating swaps of tokens on the same blockchain is possible, but the time has come to explore the next frontier in the form of cross-chain trading.
The fate of blockchain, DeFi and crypto will only thrive if Biden appoints blockchain and crypto-centric professionals to head key positions that can impact the regulatory space needed for growth.