Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.
The new Bitfinex Borrow platform will allow users to get access to peer-to-peer lending and borrowing by putting their Bitcoin (BTC) and Ethereum (ETH) holdings as collateral.
China Construction Bank clarified that it doesn’t work with Bitcoin or any other cryptocurrency. However, it will accept bond deposits made in Bitcoin.
Although the increased volatility indicates a possible rise in Bitcoin market price, the fear and greed index pushed above 90 on the scale of 0-100 last week.
Binance, as well as a handful of non-US exchanges, has continued to come under the regulatory oversight of US regulators.
Ripple CEO Brad Garlinghouse believes that Joe Biden will take climate change issues seriously.
Stanley Druckenmiller is betting on Bitcoin against the dollar that has been depreciating in value ever since the coronavirus outbreak.
Catherine Coley said that Binance.US has successfully integrated its API with SEN and conducted tests with some of its clients.
Amber Group is reported to have a daily trading volume of between $100 to $200 million.
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.
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.