As the price of Ethereum’s native digital currency, Ether (ETH), has been showing massive strength recently, the path seems to be continuing toward new highs. Ether price ran from $220 to $445 in the previous five weeks, and this is one of the biggest surges...
Month: August 2020
Bitcoin News Roundup for Aug. 31, 2020 – CoinDesk
With bitcoin still lagging behind U.S stocks and additional tax guidance in the U.S., CoinDesk’s Markets Daily is back for your latest crypto news roundup! While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks...
Is Ethereum left and Bitcoin right? – Cointelegraph Magazine
Hacktivist Bitcoin developer Amir Taaki took aim at Ethereum co-founder Vitalik Buterin on Twitter recently for essentially writing off smart contracts inventor Nick Szabo as a right-wing crank. Taaki wrote that this sort of attitude was typical of an “Eth[ereum] culture which is about sparkling...
Robinhood, Other Online Trading Platforms Having Log-in Issues – CoinDesk
Customers reported experiencing issues logging into Robinhood, Charles Schwab and multiple other trading platforms Monday morning, according to a flurry of tweets. UPDATE (Aug. 31, 15:31 UTC): Adding comment from Charles Schwab.UPDATE (Aug. 31, 17:40 UTC): Adding comment from Robinhood after functionality was restored. Disclosure The leader...
Five CoinMarketCap Executives Depart Binance-Owned Firm – CoinDesk
Five of CoinMarketCap’s (CMC) top executives, including the interim CEO, have left the cryptocurrency-ranking website only months after the firm’s purchase by Binance. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a...
Bitcoin will hit new high ‘in near term’ as Buffett exits USD — Keiser
The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser. In his latest forecast for macro, the RT host warned that safe havens would seriously outperform fiat. Buffett, he implied, knew...
Coinbase Adds Marc Andreessen as Board Observer, Replacing Chris Dixon – CoinDesk
Coinbase has added legendary investor Marc Andreessen of venture capital firm Andreessen Horowitz and Gokul Rajaram, a DoorDash executive, to its board of directors. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by...
FTX buying Blockfolio continues consolidation trend in crypto industry
The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global cryptocurrency exchange Binance announced...
Russia’s Crypto Mining Farms Would Have to Report to Government Under Proposed Bill – CoinDesk
The Russian government wants to know what the country’s data centers are up to, and that includes cryptocurrency mining farms. The Ministry of Digital Development, Communications and Mass Media has published a proposed bill for public feedback, which firstly provides a definition of precisely what...
On quantitative easing, crypto and modern monetary theory
With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot more. Modern Monetary Theory has taken center stage, and we...