BTC price slumps to $62K as Bitcoin bulls bet on M2 money supply

The CEO of the Intercontinental Exchange (ICE) expects the firm’s digital asset platform Bakkt to launch later in 2019. The comment was made by ICE CEO Jeff Sprecher during an earnings call Thursday, Feb. 7.The call was dedicated to ICE’s financial results for Q4 and the full year of 2018. Sprecher explained that the company…

An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage" over other cryptocurrencies for the foreseeable future. 131 Total views 2 Total shares Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for centuries and…

American e-commerce giant Overstock hopes to liberalize its planned digital dividend shares trading.According to a Sept. 18 press release, Overstock is working with regulatory authorities on making its digital asset-based dividend freely tradable by non-affiliates following distribution.As such, the company will not have to put its dividend shares on the six-month holding period as required…

Miners in Russia are purportedly buying more equipment amid regulatory uncertainty. Graphic cards’ sales in Russia are surging amid an increase in remote work as well as the apparent growth in cryptocurrency mining, a new report says.According to several local retailers like Citilink and Svyaznoy, crypto mining-related sales of graphic cards in Russia notably surged…

Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs. 96 Total views 17 Total shares Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis

Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral.Uphold’s 1.7 million users can now secure loans through Salt against their holdings in Bitcoin (BTC), Ether…

Cryptocurrency data firm Nomics announced an artificial intelligence system that makes seven-day cryptocurrency price predictions. 2079 Total views 33 Total shares Cryptocurrency data firm Nomics is applying artificial intelligence to the often chaotic world of cryptocurrency trading. In an announcement on April 23, Nomics introduced an AI system that makes seven-day cryptocurrency price predictions. The firm…

As blockchain technology and the public's awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems.Despite its many applications, the original use case for Bitcoin (BTC) as a medium of exchange remains one of the most fundamental applications of blockchain technology…

A security breach has resulted in the loss of 2,675.73 XMR from Monero's community crowdfunding wallet. The cause and source of the breach remain unidentified. 319 Total views 3 Total shares A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000.The incident took place on