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Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive. The report concludes that Bitcoin is set for a breakout with a target at the $13,000 resistance. Although this perspective...
Switzerlandâs InCore Bank AG has become the first financial institution in the country to offer banking services to Kraken clients. Announced Thursday, the move means clients located in the EU will be able to fund their accounts using Single Euro Payments Area (SEPA) deposits â the payment integration project the EU designed to simplify euro bank transfers. The companies said...
Salvatore Palella is often credited as the man who brought electric scooters to Italy. Less known is his attempt to bring ride-sharing to the blockchain. In June 2019, Italian Minister of Transportation Danilo Toninelli granted a decree to allow micro-mobility businesses to operate in cities that decided to participate in an e-scooter trial, at Palellaâs urging. Thatâs the story the...
Malcolm Campbell-Verduyn is assistant professor of International Political Economy at the University of Groningen in the Netherlands. He is editor of the book Bitcoin and Beyond. Moritz HĂŒtten is researcher on blockchains and the future of work at Darmstadt Business School, in Germany. The Travel Rule officially extends to âvirtual asset services providersâ (VASPs) this month. It requires that VASPs,...
Telegram will pay $18.5 million and notify the U.S. Securities and Exchange Commission (SEC) if it plans to issue any sort of digital currency in the next three years in a proposed settlement with the securities regulator, a court filing revealed Thursday. The settlement, which was reached on June 11 and effectively ends a six-month court fight with the agency,...
The suicide of a 20-year-old Robinhood trader should be a wake-up call for cryptocurrency exchanges that put revenue above customer protection, said a U.S. exec at one of the worldâs largest such venues. Many exchanges were designed to encourage users to trade as frequently as possible, often with money they donât have, and resembled casinos more than responsible trading platforms,...
Economists with the New York Federal Reserve do not think bitcoin is a new kind of money. Bitcoin, the decentralized, permissionless, trustless digital value system that an anonymous programmer created over a decade ago is âjust another example of fiat money,â said Michael Lee and Antoine Martin in a Thursday blog post. âBitcoin may be money, but it is not...
President Donald Trump ordered Treasury Secretary Steve Mnuchin to focus on a clampdown on bitcoin over negotiating a trade with China, former national security adviser John Bolton reportedly claims. In a terse exchange about imposing sanctions and tariffs with China, Trump reportedly told Mnuchin: âDonât be a trade negotiator,â ordering him instead to: âGo after bitcoin [for fraud].â âIf you...
Deloitte: 39% of Companies Worldwide Now Have Blockchain in Production A survey by Deloitte shows blockchain is increasingly becoming a priority among companies with a broad understanding of it. Find a full eport by the link below
Bitcoin proved itself a resilient asset, if not a stable or useful currency, during Marchâs global financial meltdown, according to analysts at one of the worldâs largest investment banks. In a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairly uncorrelated asset to one whose...
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