Even though the base of the vast majority of virtual currencies is Bitcoin there are interesting applications such as, for example, the national alternative currencies.
Renaissance, which had nearly $166 billion in regulatory assets under management at the end of 2019, has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settled Bitcoin futures market.
When confidence in a currency is lost, investors turn to another currency or, say, gold. In the examples of countries that have been well shaken by the financial crisis, we can see how their population has turned to invest in Bitcoin.
The 3rd largest crypto coin on the market today, XRP, has been added to Bitcasino.
Binance community proposes the idea of a parallel blockchain to the current Binance chain, called Binance Smart Chain, which will offer better smart contract functionality.
EPAM has joined the OpenVASP association in order to help in the implementation of the FATF travel rules for cryptocurrencies and other digital assets.
Coinbase Custody has stated that it will add support for the newly announced Compound Governance protocols which aims at moving towards a decentralized finance model.
The U.S. State of Wyoming, one of the most crypto-friendly states in America, has amended its insurance code to allow domestic insurance companies to invest in digital assets like Bitcoin.
Several local industry reports suggest that China could be all set to introduce its Digital Currency Electronic Payment (DCEP) in the market by May 2020. It will initially test the use of digital currencies among its state employees.
$160.1 million of the $503.7 million raised during the first quarter of 2020 is the inflow from new investors. According to Grayscale, the source of 88% of the funds came from hedge funds and other institutional investments.
The Libra Association confirmed that it will abandon its original vision of a global stablecoin pegged on a multiple national currencies and go for many stablecoins each representing a fiat currency.
The digital yuan app would be available for download in Shenzhen, Chengdu, Suzhou, and Xiongan when the test begins.
With Bitcoin halving 2020 in just 26 days, what can we expect? Will the asset meet the overwhelming expectations or will it stay at the same price level?
Today, on Thursday, April 16th, the Ethereum price is growing steeply. The coin is generally trading at 169.70 USD.
Bitcoin price has climbed back to $7,000 after the recent fall below this level. Ethereum, meanwhile, has gained over 8% in 24 hours. ETH is trading for around $170.