Cryptocurrency News
DeFi Awaits “Rude Awakening” as Bitcoin Rallies: Ex Goldman Partner
A rally in the Bitcoin market has prompted traders to shift their capital from the booming decentralized finance sector. As of Wednesday, almost all the DeFi tokens have plunged...
Bitcoin Indicator That Predicted March’s 60% Drop Is Bearish Again
Bitcoin is seemingly stuck in no man’s land. As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every...
As Altcoins Rally, Blockstream CEO Says Bitcoin Is the Only Crypto
Even compared to Bitcoin, altcoins have done well for themselves over recent months. As one crypto data analyst observed early last month, BTC has actually underperformed small cap...
UK Bitcoin Firm to Sell $30M Stake to Financial Conglomerate SBI
London-based bitcoin firm B2C2 announced on Wednesday that it is selling stakes worth $30 million to SBI Holdings, Inc. The FCA-approved crypto business confirmed that it would provide...
Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End
The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain. The central bank now plans to deploy the platform by the end of 2020...
Federal Judge Merges Two Cases Against Ripple
Earlier this week, a federal judge ordered a case against Ripple and its CEO Bradley Garlinghouse be consolidated with a class action led by Bradley Sostack. In civil law...
French Competition Watchdog Mentions Rapid Development of Crypto Assets
The French Competition Authority, called Autorité de la concurrence, is looking for feedback from the public and fintech industry executives on the evolution of the payments industry...
JPMorgan to Pay $2.5M to Settle Crypto Fee Class Action
JPMorgan Chase Bank NA, the consumer and commercial branch of US banking giant JPMorgan, agreed to pay $2.5 million to settle a class action lawsuit. The suit is related to its...
Here’s Why a Lawyer Thinks Russia’s Cryptocurrency Ban is Unconstitutional
Recently, NewsBTC reported that Russia planned to criminalize the use of cryptocurrency, as stipulated in the latest draft bill “on digital currency.” However, Russian lawyer...
A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging
The world is experiencing the worst financial crisis in decades, but the Bitcoin market has its own route. The recent acquisitions announced by cryptocurrency exchanges give hope that...
Gold and 5 Crypto Assets Comprise New Index Listed on Bloomberg
Many gold investors are not endorsing Bitcoin as an investment option. Nevertheless, digital asset manager CoinShares launched an index that tracks gold and five crypto assets...
Study: Bitcoin’s Use in Remittances, FX Boosts Crypto Adoption in India
India is one of the fastest-growing cryptocurrency markets in the world, according to a recent report by Coinpaprika and OKEx. The trend will likely continue as the government has...