Tether pours $775M into video-sharing platform Rumble
Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.
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Misleading crypto narratives continue, driven by 'sensationalist' sentiment
A crypto analyst says inaccurate narratives still circulate in the cryptocurrency market, mainly based on skewed information rather than onchain data to back it up. “Beware of misinformation. Despite the data, misleading narratives persist,” CryptoQuant contributor “Onchained,” said in a March 22 market report. “Such claims often lack onchain validation and are driven by sensationalist

FC Barcelona Fan Token Sees Impressive Volume on First Day
FC Barcelona’s Fan Token has generated nearly $2.5 million in trade volume in less than one day of trade. 2036 Total views 18 Total shares In its first day of trading, the fan token for Spanish soccer team FC Barcelona (BAR) has seen trading volume that almost doubled the $1.3 million raised in the crypto…

UK Bitcoin Miner Eyes 240% Capacity Boost With New $10M Hardware Order
United Kingdom-based mining firm Argo Blockchain has doubled its order of new cryptocurrency miners as it eyes “significant expansion” of its capacities.An Oct. 30 report from Proactive Investors revealed that the firm — which is listed on the main market of the London Stock Exchange — is poised to increase its current hash power by…

JP Morgan Identifies Three Companies Whose Stock Could Benefit From Blockchain
Investment bank and financial services firm J.P. Morgan Chase has identified three public companies whose stock it believes will benefit from their applications of blockchain technology, CNBC reported Nov. 8.In a note to clients, J.P. Morgan reportedly forecast that IT companies will deploy blockchain in the same way that many firms claim to benefit from…

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability
The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having…

What Canada’s new Liberal PM Mark Carney means for crypto
Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency. Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over

MakerDAO Community to Vote on Upgrades, Conduct Debt Auction
MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project's first-ever Debt Auction. According to Maker (MKR), the vote will decide on needed modifications that were identified during the fallout from the recent crypto…

Bitcoin could drop 20% if moves stay tied with M2 money supply: Analyst
An analyst says Bitcoin’s correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree.