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The Future Of Money

Bitcoin Price Plunge 4% After $12K Rejection

Bitcoin is facing selling pressure at press time, having failed to move above a long-held resistance level on Tuesday. The leading cryptocurrency is currently trading near $11,390, representing a roughly 4% decline on the day, according to CoinDesk’s Bitcoin Price Index. Prices dropped by nearly $400...

Ethereum Surges 10% Overnight — Implications For Bitcoin

Ethereum has increased by over 20% further padding its 2020 gains. Ethereum has been one of the brightest stars in the current bull market for digital assets, gaining 261% in 2020 compared to 65% for bitcoin. Ethereum price The principal driver for $ETH’s growth has been...

$50 billion worth cryptocurrency moved out of China hinting at capital flight against Beijing rules

Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, according to a report by Chainalysis. Chinese citizens are only allowed to buy up to $50,000 of foreign currency a year at a financial institution. The...

Institutional investors bullish on Bitcoin’s $12,000 surge and Beyond

JPMorgan says intrinsic value of the asset jumped on halving Fundstrat, BI’s McGlone see scope for further gains ahead < Bitcoin’s recent run higher has brought out a lot of old predictions -- and some new ones -- about the future of crypto prices. The largest cryptocurrency...

With $16bn in cryptocurrency, Ripple attempts a reset

by Richard Waters San Francisco start-up Ripple can lay claim to having created one of the most valuable cryptocurrencies. Its digital tokens, known as XRP, have a total value of almost $30bn, behind only bitcoin and Ether. But, eight years after launch, Ripple is still trying...

With 60% bitcoin trading, Nigeria seen as biggest cryptocurrency market in Africa

A new report shows that Nigeria is one of the most rapidly increasing cryptocurrency markets in the world, as it stands as the biggest source of Bitcoin trading volume on the African continent. A study conducted by Blockchain.com has taken data from the trading activity...

Standard Chartered Plans Institutional Crypto Custody Solution in Q4

Standard Chartered’s venture and innovation arm has been working on a crypto custody offering for the institutional market and the first pilot could launch later this year. Alex Manson, the head of SC Ventures, confirmed to CoinDesk Monday the firm is building what he claimed...

The truth about getting rich by investing in gold, cryptocurrency and IPOs

The historic bull market that ran for nearly 11 years came to an abrupt end in February, and we're officially in a recession. That leaves you with two investing worries: Where you should invest now and whether you should pull money out of the stock...

Mastercard expands cryptocurrency program to issue cards on its network

Mastercard has expanded its cryptocurrency program to make it easier for companies in the space to issue their own payment cards. The company has signed a deal with Wirex that makes the London-based start-up the first "native" cryptocurrency platform to gain principal membership. That effectively...

Goldman bets on blockchain as future of financial markets with new head of digital assets

The bank made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned. McDermott, who is based in London, has a radical vision for markets: a future in which all...
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