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The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday. Prices hit $1,454.32 â topping the previous all-time high of $1,439.33 set only last week â before settling back to $1,447.77, up more than 17% in the last 24 hours. While ETH (+4.65%) has trailed its larger cryptocurrency sibling, bitcoin (BTC,...
The "Mad Money" host picked bitcoin as one of his hedges against the specter of hyperinflation. Stock-picking personality Jim Cramer recommended the unknown Maryland-based winner of Wednesdayâs $731 million Powerball jackpot allocate 5% of his or her newfound fortune in bitcoin. âYou know what, if you won the lottery â Yes, Iâm gonna say it: 5% in bitcoin,â Cramer said...
Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate. Deposits from digital currency customers now make up nearly 16% of total deposits at New Yorkâs Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in the crypto industry now total $10 billion â twice that of California rival Silvergate Bank....
The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels earlier on Tuesday. Prices hit $1,439.33 around 12:00 UTC â thatâs a little over the previous all-time high of $1,432.88 registered on CoinDeskâs price index on Jan. 13, 2018. The digital asset rallied nearly 12% Tuesday to reach the new peak. Ether (ETH,...
Press Release for Mindsync.ai Mindsync.ai is creating an ecosystem for leveraging global expertise in AI UK-based AI platform, Mindsync, is creating a decentralized, community-driven ecosystem that allows global businesses to get their business tasks solved through AI technologies by a community of expert technologists from around the world. Artificial Intelligence (AI) has been proven to help reduce operational costs, increase...
Bitcoinâs 30% price correction was enough to give some CFOs second thoughts. Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last weekâs 30% price plunge, Bloomberg reports. Publicly traded companies such as MicroStrategy and Square Inc. have invested millions of dollars of company cash reserves in bitcoin (BTC, +4.85%) during 2020. Other...
Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency's price was around $9,300. Deltec, Tetherâs Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is...
Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action. As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by CoinDesk Research shows that as...
The United Kingdom's financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level of risk, stressing that investors should be ready to lose all their money while investing in crypto. Citing...
Large trading volumes in the bitcoin spot market are helping push prices upward to a fresh record high. Ethereum-based DeFi value locked is also setting records, with rising crypto values playing a part. Bitcoin (BTC (+3.68%)) trading around $39,143 as of 21:00 UTC (4 p.m. ET). Gaining 8.4% over the previous 24 hours. Bitcoinâs 24-hour range: $36,382-$40,324 (CoinDesk 20) BTC...