Bloomberg panelists agreed to one point that Bitcoin is the head-turner during the times of global uncertainty or events like recission.
The chairman of the U.S. Commodities and Futures Trading Commission has some doubts about whether Facebook’s Libra can be viewed as a commodity or a security.
Regulators in Singapore are considering the option of approving the launch of cryptocurrency-based derivatives on selected platforms in the country.
Binance is exploring India. It has made its first major acquisition in the country as it has bought WazirX, an Indian crypto exchange.
The crypto market keeps declining.
The recent Bitcoin price plunge could start to put weak miners out of business heading into the halving which does not go well with HODLers since capitulating miners usher in a major bitcoin dump.
Establishing a new $200 million fund, Roger Ver hopes to push Bitcoin Cash into the forefront of smart contract development sidestepping Bitcoin and Ethereum in the process.
Michael Novogratz’s crypto merchant bank Galaxy Digital is launching two Bitcoin (BTC) funds, targeting people between the ages of 50 and 80. The new funds aim to bring “the wealth of America.”
China continues to dominate the FinTech development with its three companies place in the top-ten. Alibaba’s payments wing Ant Financial tops the KPMG FinTech100 rankings.
CryptoCompare releases its cryptocurrency exchange report, which standards have been changed a great deal since the first rankings report released in June 2019, so there’re quite a few surprises.
Cryptocurrency compliance startup TRM Labs, which emerged from YCombinator, raises $4.2 Million in funding from various investors including Paypal Ventures.
Cryptocurrency company Fidelity Digital Assets won a trading license from the New York State Department of Financial Services. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.
The United Kingdom jurisdiction taskforce confirmed in a statement by Sir Geoffrey Vos that crypto-assets will be recognized as tradeable property while smart contracts are enforceable under English law.
Bitcoin price is below support levels of $8,340 and $8,200 versus the USD. The price is close to the $8,000 key support zone, where bulls could take a shot.
Fresh decline in the market is considered by some to expose Bitcoin price to a potential return to $7,400. In contrast, other analysts suggested that BTC’s recent trading into a falling wedge is a bullish pattern.