Crypto news

Jeff Currie – the global head of commodities research at Goldman Sachs – believes that the idea of bitcoin serving as the digital form of gold is a little misguided. In fact, he claims bitcoin is more of an alternative to copper. Jeff Currie Thinks the Idea of BTC as Digital Gold Is a Little Off For many years, we have heard the argument that bitcoin is “digital gold.” That it is a hedge tool and a store of wealth like gold is and can potentially protect one’s wealth...

According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community. Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of the original 524,000 ETH threshold, which was the minimum needed to move forward with the staking process. There are currently 27,132 “unique depositors,” and 152,000...

Changpeng Zhao – the CEO of Binance, arguably the largest and most popular cryptocurrency exchange by daily trading volume – has called out Elon Musk over his alleged lack of willingness to accept bitcoin payments for Tesla-based goods and services. Elon Musk Has Attracted Some Backlash from Zhao It appears Zhao has issues with Musk’s recent words regarding the mining process behind bitcoin. While Tesla was initially set to accept bitcoin as a method of payment, Musk...

The skyrocketing demand towards cryptocurrency assets has pushed the veteran US exchange Kraken to release a mobile application in the country. In another development coming from American exchanges, Coinbase integrated its debit card with Apple Pay and Google Pay. Kraken Mobile App Arrives in the US Founded almost a decade ago, Kraken is among the latest and most popular digital asset trading platforms. The firm’s latest expansion initiative comes through a mobile application...

Guggenheim Partners may invest in Bitcoin and other cryptocurrency assets through its latest fund called Guggenheim Active Allocation Fund. A recent filing with the Securities and Exchange Commission revealed the giant’s plans to receive the exposure through cash-settled derivatives instruments. CryptoPotato reported last year Guggenheim’s filing in which the behemoth sought SEC approval to allocate up to $500 million in bitcoin through its Macro Opportunities Fund. The large...

Electronic IDentification (eID) geht am DACH-Markt an den Start Electronic IDentification, der Spezialist und Marktführer für asynchrone Remote-Video-Identifikationslösungen richtet seinen Fokus auf den DACH-Raum und weitet seine Geschäftsaktivitäten nun dort aus. Der Markt für digitale Onboarding-, KYC- und Identitätsprüfungsdienste ist sehr ausgereift, dynamisch und im Finanzdienstleistungssektor besonders umworben. Allerdings sind die...

Tron price formed a base above the $0.0550 level and corrected higher against the US Dollar. TRX price is now trading nicely above $0.0700 and the 55 simple moving average (4-hours). There was a break above a crucial contracting triangle with resistance near $0.0740 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a steady increase towards the $0.0950 and $0.1000 levels in the near term. TRON price is showing positive signs above $0.0700 against...

Bitcoin price started trading in a range above the $34,000 zone against the US Dollar. The price is now trading below the $37,000 zone and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $37,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a major increase if there is a clear break above $39,000 and $40,000. Bitcoin price is attempting an upside break above...

Bitcoin is continuing to suffer as of late. The world’s number one digital currency by market cap has fallen into the darkest realms of the financial space and has lost about $30,000 from its previous all-time high of roughly $64,000, which it achieved in mid-April. Nevertheless, there are many people that stand by the asset, including NFL player Tom Brady. Tom Brady Sure Likes His Crypto In a recent interview, the star quarterback – formerly of the New England Patriots...

A convenience store chain known as Sheetz says that it will be working with Flexa – a digital payment network – to permit bitcoin and cryptocurrency payments at all its locations in the United States. Sheetz Says “Yes” to Crypto Payments Sheetz is a chain that operates primarily on the east coast and in the Midwest. Presently, it boasts more than 620 stores in states such as Pennsylvania, North Carolina, Ohio, and West Virginia. The currencies that people will be able to...