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Ever since the post-April cryptocurrency bull market, Bitcoin has been gradually consolidating its status as a store of value. This was confirmed most emphatically on July 11, when Federal Reserve chairman Jerome Powell told the U.S. Senate banking committee that investors use the cryptocurrency "as an alternative to gold." "It's...
Weiss Ratings, the first financial ratings agency that started covering bitcoin and other cryptocurrencies in January of 2018, is once again out with an updated rating for the number one cryptocurrency. Following a period of price consolidation for bitcoin, the Weiss crypto ratings team has now downgraded Bitcoin from its...
China effectively closed its door to cryptocurrencies in September 2017, when it banned cryptocurrency exchanges and initial coin offerings (ICOs). But almost two years later, is Beijing slowly starting to rethink its policy? Officially, nothing has changed. However, recent developments in the country seem to suggest that the Chinese government’s...
UnionBank of the Philippines says that has successfully completed a blockchain-based remittance transaction from Singapore to its home country – becoming the first Philippine bank ever to do so. The pilot was conducted in conjunction with the OCBC Bank in Singapore and fellow Philippines-based bank the Rural Bank of Cantilan....
Both Litecoin (LTC) and Bitcoin (BTC) have performed very positively in the last 24 hours. These two popular virtual currencies have surged 10.15% and 8% respectively. The whole cryptocurrency market is currently operating positively after a few weeks with negative returns for investors. Litecoin and Bitcoin Become Market Leaders Bitcoin and...
The Chinese government may be about to rethink its strategy towards “digital currencies,” a recent speech by the country’s former central bank governor, Zhou Xiaochuan, suggests. Zhou, who served as the governor of the People’s Bank of China (PBoC) for more than 15 years until last year, said that China...
Cryptocurrency exchanges in Canada will have to be registered with the local regulatory agency, the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC). This is according to a recent article published by the agency on July 10. Exchanges In Canada Must Be Registered The cryptocurrency market around the world continues...
During the first part of this year, Bitcoin (BTC) has been very active and it was able to gather the attention of many other investors. After a bear trend in 2018, the digital asset surged and recovered from a very negative year. Surprisingly, the digital asset followed the path...
Jesse Powell, the CEO of the recognized cryptocurrency exchange Kraken, considers that there could be a large inflow of US dollars to the cryptocurrency market. During an interview with TD Ameritrade Network, he talked about the crypto market and the controversy around Tether (USDT). Jesse Powell Considers New Funds Would...
It seems that an unknown crypto investor has paid a premium on Ethereum (ETH) when he tried to purchase shares of the Grayscale Ethereum Trust (ETHE). The investor that wanted to gain exposure to the market paid around $5,200 per ether when the digital asset is currently being traded...