The Central Banks of Australia, Malaysia, Singapore and South Africa, along with the Bank for International Settlements Innovation Hub, are set to jointly pilot central bank digital currencies (CBDCs) for international settlements.The pilot aims to use multiple CBDCs to allow direct transactions between institutions to improve the speed, cost and […]
Jack Dorsey, the American billionaire who is the co-founder and CEO of microblogging platform Twitter and the CEO of payments solutions provider Square, says he intends to build a decentralized exchange for Bitcoin. Square was founded in February 2009, or just one month after Bitcoin’s initial release. The three co-founders are Jack […]
Business services provider Zventus has launched a blockchain lab for the financial services industry, specifically focused on modernizing the mortgage sector. The new Mortgage Blockchain Lab will focus on developing new products, services, and solutions to enhance the loan process. Zventus’ core competencies is combined with blockchain innovations to make […]
Shares of Chinese electric-vehicle maker Li Auto Inc. (LI) are down more than 4% Monday morning despite reporting narrower adjusted loss in the second quarter. Adjusted loss was $10.1 million or 65.1 million in the second quarter compared with RMB159.2 million last year. Adjusted loss per ADS was $0.01 or […]
The managing director of investment advisory firm Midas Touch Consulting Florian Grummes has revealed he believes the price of bitcoin will surge to $100,000 within six months after undergoing a period that could see it drop to a $25,000 low. During an interview with Kitco News, Grummes noted that the […]
Is Bitcoin’s downward correction below $50,000 nothing to worry about? Bitcoin’s Downward Correction Below $50,000 Shines Light On One Intense Metric The primary digital currency Bitcoin has stalled since hitting $50,000 five days ago. Market players were anticipating the breakout to $50,000 and although it was attained, Bitcoin lost momentum […]
Eric Balchunas and James Seyffart – Bloomberg’s in-house ETF analysts – on Tuesday published an investor note that predicts that a Bitcoin ETF approval may likely arrive in October. They suggest that the recent Ethereum futures ETF withdrawal that ProShares and VanEck made could be an indicator that things are […]
Constellation Network has been awarded a SBIR Phase II USAF Contract by the U.S. Air Force to provide end-to-end blockchain-powered security to the Department of Defense (DoD) for big data sharing with commercial partners. Constellation Network, a decentralized network and blockchain ecosystem, applyies its blockchain protocol Hypergraph Transfer Protocol (HGTP) […]
Bloomberg’s Mike McGlone has reckoned that he is dovish on Bitcoin for the second half of 2021. The senior commodity strategist at Bloomberg made the call asserting that if the U.S. treasury 30-year yield sustained below 2%, Bitcoin and Gold and long bonds would in response bolster. Treasury yields refer […]
American banking giant Citigroup has filed an application to start trading BTC futures with Chicago Mercantile Exchange (CME), CoinDesk reports. According to sources familiar with the matter, Citigroup is awaiting approval from the regulator. The source added that the decision was driven by an influx of demand for exposure to bitcoin […]
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