February 2020 | Page 30 of 132 | Last Cryptocurrency News Feed

Former Wall Street Executive Announces The First Cryptocurrency Friendly Bank In The U.S.

The U.S. state of Wyoming is leading the way in blockchain and cryptocurrency adoption in the country with a new cryptocurrency-native bank. A former Wall Street veteran, Caitlin Long, announced the Avanti Bank, saying that it will be active in early 2021. The First U.S. Crypto-Friendly Bank Long, who previously helped the state of Wyoming…

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Russian Smelting Giant Nornickel Launches Metal Tokenization Platform for Testing

Feb 25, 2020 at 10:00 UTCUpdated Feb 25, 2020 at 10:13 UTCHOT COMMODITY? The first batch of tokens issued on Atomyze will be backed by palladium, cobalt and copper mined by Moscow-based Nornickel. (Image: Shutterstock)Nornickel, the Russian mining and smelting giant, has taken another step toward the issuance of tokens backed by metals on Atomyze,…

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Crypto-Friendly Banking App Now One of Europe’s Most Valuable Fintechs

United Kingdom-based digital bank Revolut has raised $500 million in a fresh funding round and tripled its valuation to hit $5.5 billion. This, as the Financial Times reported on Feb. 25, makes the crypto-supporting app one of Europe’s most valuable fintech firms.Since late 2017, Revolut’s app has enabled its users to complete transactions in cryptocurrencies…

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Germany’s Second Largest Exchange Boerse Stuttgart Lists Short Bitcoin ETP

Investors looking to short Bitcoin (BTC) have a new option in Germany. On Feb. 25, Boerse Stuttgart — the country’s second-largest stock exchange — announced the listing of an exchange-traded product (ETP) that is inversely correlated to the cryptocurrency’s price swings.Hedging against all scenariosThe inverse ETP is issued by crypto fund manager 21Shares, formerly known…

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Billionaire Investor Tim Draper Quit Stocks for Bitcoin 6 Months Ago

Tim Draper now holds “a lot” of his portfolio in Bitcoin (BTC) after pulling his wealth out of public stock markets six months ago.Speaking to CNBC on Feb. 24, the VC investor and serial Bitcoin proponent revealed that he had significantly added to his crypto holdings since last year. Draper: “Uber drivers were day trading”“It’s a…

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Blockchain Proves Warren Buffet Holds Crypto Gift, Says Justin Sun

Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ. Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said that he does not own crypto and derided its supposed lack of purpose: “I don’t own any cryptocurrency. I never will […] You can’t do…

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Bitcoin Price Analysis: After $600 Plunge In 48 Hours, Bitcoin Is Facing Huge Critical Support Area

And the volatility continues: The past three weeks for Bitcoin’s price were very volatile. While the coin reached its new year’s high at $10,500, the fluctuations to both sides refuse to calm down over the past days. On our recent Bitcoin price analysis, we mentioned that Bitcoin was surging $300 intraday (towards the $10,000) and…

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Singapore’s Court of Appeals Rules Quoine Exchange in Breach of Contract in Landmark Crypto Case

Feb 25, 2020 at 08:00 UTCCourt gavel image via ShutterstockSingapore’s Court of Appeals Rules Quoine Exchange in Breach of Contract in Landmark Crypto CaseSingapore's Court of Appeals has ruled against digital currency exchange Quoine on Monday in a landmark case relating to a breach of contract that saw the platform unlawfully reverse seven trades.The Straits…

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Lightning Solves Bitcoin’s Speed Problem, But Watch Out for Fraudsters

Feb 25, 2020 at 05:00 UTCLightning image via ShutterstockLightning Solves Bitcoin’s Speed Problem, But Watch Out for FraudstersJ.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. I don't know about you, but the thing…

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Crypto Exchanges Need Common Messaging to Comply With Travel Rule

Feb 25, 2020 at 03:39 UTCLeah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia.Done right, international standards are something we can take for granted. Very few have been caught marveling at the magic of withdrawing cash from an ATM that…