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  • Ex-Tether Exec Quigley Disappointed in Current Management, Urges Audits

    A co-founder of Tether, the $41 billion company behind the tether (USDT, -0.02%) stablecoin, said the company and its reserves should be audited at least quarterly, and maybe even monthly. “Every time you print a tether, you should have a dollar being added to that cash pool,” said William Quigley, who left the project in 2015 and now runs the non-fungible token (NFT) exchange WAX. “Audited once a month, once a quarter.” The comments on CoinDesk TV come after Tether last month agreed to a $18.5 million settlement with the New York Attorney General on charges of an…

    03/23/2021
  • Industry tuyere DIEM officially opened the global registration tomorrow

    According to the official;DIEM will officially go live on March 18, 2021;Open global registration , Enter a new era of π mining pool . ​ It is understood , DIEM is a new financial aggregated asset management platform based on POW+ Hotstuff hybrid consensus mechanism . The goal of DIEM is to help different types of asset managers . Whether it’s individual investors or institutional investors , Manage your portfolio safely, quickly and efficiently. Recently , DIEM has announced that it has obtained the lead investment of US $10 million from V Fund and the creation node support of the early DIEM ecological construction, and subscribed to…

    03/17/2021
  • This Blockchain Indicator Might Show Bitcoin Rally Has Legs

    Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018. The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take…

    03/16/2021
  • Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes

    “Bitcoin is now ahead of our April 2020 forecast schedule ­– to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter. The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago. Under that plan, the number of…

    03/16/2021
  • XRP Jumps as Bullish ‘Golden Cross’ Pattern Appears in Price Chart

    XRP, the digital token used in Ripple Labs’ payments network, was outperforming bitcoin and other major cryptocurrencies on Tuesday, with a longer-duration technical indicator flashing a bullish signal. The token’s price was around 48 cents at press time, up 9% on a 24-hour basis, based on CoinDesk 20 data. Other prominent cryptocurrencies such as bitcoin, ether, chainlink and litecoin were nursing moderate losses. XRP’s 50-week moving average crossed above the 100-week moving average (MA) earlier this month, confirming a pattern known in price charts as a “golden crossover” – a long-term bullish indicator. Traders and chart-reading analysts often…

    03/16/2021
  • Pressure

    Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours. Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday. Monday’s decline resulted in some $1.6 billion in derivatives bets being liquidated, second only to the record level that took place on…

    03/16/2021
  • Crypto Investor MetaKovan Announced as Buyer of $69.3M Beeple NFT

    MetaKovan, the pseudonymous founder of non-fungible token (NFT) fund Metapurse, is the proud owner of the Beeple NFT auctioned by Christie’s on Thursday for $69.3 million. “When you think of high-valued NFTs, this one is going to be pretty hard to beat,” MetaKovan said in a press release issued by the 255-year-old auction house. MetaKovan paid for Beeple’s “Everydays” in ether (ETH, -2.04%), Christie’s confirmed, beating out Tron founder Justin Sun in a last-minute bid. The final sale price was 42,329.453 ETH. Appearing on CoinDesk TV earlier Friday, Beeple (aka Mike Winkelmann) said, “I probably will keep a percentage…

    Uncategorized 03/14/2021
  • 1 million Chaingers, let the world hear your voice!

    The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…

    03/14/2021
  • Bitcoin’s 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says

    Goldman Sachs, the storied Wall Street firm, didn’t start including bitcoin in its weekly ranking of global asset-class returns until late January, when the largest cryptocurrency quietly appeared atop the chart. But since then, bitcoin (BTC, +5.54%)‘s lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened. As of March 4, bitcoin’s year-to-date return, at about 70%, was roughly double that for the next-closest competitor, the energy sector, at about 35%, according to Goldman Sachs’s latest “US Weekly Kickstart” report. The comparisons could become even more…

    03/08/2021
  • Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers

    A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…

    03/07/2021