A Solution to China’s Pharma Woes Might Be a Blockchain Away

U.K.'s Finance Minister Jeremy Hunt on Tuesday agreed to have his ministry discuss banking troubles faced by crypto companies in the country with lawmakers focused on the issue.In line with Prime Minister Rishi Sunak's plans to turn the country into a hub for crypto, the U.K. introduced and passed legislation that recognizes crypto and stablecoins

“The time has come,” stated Fed chairman Jerome Powell back in August at the Jackson Hole central bank symposium. Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which was slightly more than markets had priced in before the FOMC meeting. In other words, the Fed

Jamie Crawley is a CoinDesk news reporter based in London.Odsy Network, a layer 1 blockchain, raised $7.5 million to fund development of decentralized crypto wallets.The funding round valued the firm at $250 million and was led by Blockchange Ventures with the participation of firms including Rubik Ventures, Node Capital and FalconX, according to an emailed…

Bitcoin’s rally faded on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high.The cryptocurrency is up about 5% over the past week, compared with a 3% rise in ether over the same period.Despite a short-term pullback, some analysts are maintaining upward price targets for both BTC and ETH over the…

Apr 29, 2020 at 11:50 UTCBitcoin Rises Above $8.1K as Bulls Eye April Gain for Fifth Year RunningBitcoin's price jumped above $8,100 on Wednesday, making an April gain for the fifth consecutive year all but certain. The top cryptocurrency by market capitalization rose to $8,191 at 11:15 UTC, its highest level since March 10, according…

Apr 15, 2020 at 17:32 UTCUpdated Apr 15, 2020 at 17:33 UTCBlockchain Bites: DLT’s Great Leap Forward, Bitcoin Horders and a16z’s New FundChina is taking charge in the digitization of the world economy. Yesterday, it revealed a testing environment for its DC/EP central bank digital currency (CBDC), which may one day supplant physical cash in…

Today on Markets Daily we're taking a break from our quick-hit news roundup format for a brief discussion about the U.S. election in the age of bitcoin with CoinDesk features editor Ben Schiller and privacy-beat reporter Benjamin Powers.For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts,…

news Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license…

Oct 12, 2020 at 16:34 UTCMonero (XMR) 1-year chart, Oct. 12, 2020.Major privacy-focused cryptocurrencies jumped on Monday, with monero (XMR), the biggest of the lot, extending its impressive recent run to two-year highs. The move came after a group of countries jointly called for “back doors” into encryption software. That backdoor access potentially diminishes the…