Category: News

Largest Russian Bank “Sber” to Pilot Digital Currency SberCoin by 2021

Sber, the largest Russian bank has revealed its plans of working towards developing their own digital currency back in August, now the CEO of the bank Herman Gref has confirmed that they have chosen JP Morgan as their technology partner. Sber boasts of over 100 million customers and recently even dropped bank from its name […]

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Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve Into a Global Market

Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve Into a Global Market

The CEO of Blackrock, the world’s largest asset manager, said that bitcoin “can evolve into a global market.” Moreover, the cryptocurrency has a “real impact on the U.S. dollar,” making the need for the USD “less relevant.” Bitcoin Evolving Into a Global Market Blackrock CEO Larry Fink made some bullish statements about bitcoin in a […]

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New Paper: Ripple Network Doesn’t Meet Criteria To Reach Consensus

New Paper: Ripple Network Doesn’t Meet Criteria To Reach Consensus

A brand-new paper which analyzes the Ripple network concluded that the network does not reach true consensus, as its protocol “may violate safety and liveness,” and doesn’t follow the established models and algorithms for a Byzantine agreement. Report Claims XRP’s Network Is Vulnerable to Malicious Actors According to Ignacio Amores-Sesar, Christian Cachin, and Jovana Micic, […]

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65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: Survey

65% of Traders on Paypal Ready to Use Bitcoin to Pay for Goods and Services: Survey

At least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28 million stores supported by the payments company throughout the world. According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the […]

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Bitcoin (BTC) Liquidity Crisis Is Coming As Institutions Build Long Term Positions

“We are just getting started!” that’s what Grayscale director Michael Sonnenshein said two days back in an interview with CNBC. Grayscale runs one of the biggest Bitcoin Funds – Grayscale Bitcoin Trust (GBTC) – that manages over $10 billion worth of assets. Interestingly, the director’s comments soon after Guggenheim Partners filed with the SEC to […]

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Chainlink recovery hampered under $14.5 but these key support levels hold the fort

Chainlink holds above the critical support provided by the 50% Fibo in conjunction with the 100 SMA. LINK/USD could resume the uptrend as long as the price reclaims the position above $14 and holds the 50% Fibo support. Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several […]

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Bitcoin in a precarious situation: To dive to $18,000 before the final approach to $20,000

Bitcoin is on the cusp of a breakdown to $18,000 before resuming the uptrend to $20,000. On-chain metrics reveal a single bump, slightly above $19,000 that must come down to pave the way for gains to higher levels. Bitcoin appears to have a clear path to the coveted $20,000. However, attempts to break out to […]

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Chinese State-Run Media Believe BTC Price Surge Is Just ‘Hype’ While Praising Blockchain

Chinese State-Run Media Believe BTC Price Surge Is Just ‘Hype’ While Praising Blockchain

Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that the recent rally in BTC prices has no clear explanation. […]

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