Blog: Crypto Briefing

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Author Ali Martinez, Anton Tarasov, Ashwath Balakrishnan, Chris Williams, Conor Maloney, Guest User, Liam Kelly, Lucas Outumuro, Mike Dalton, Mitchell Moos, Nivesh Rustgi, Priyeshu Garg, Sponsored, Tarang Khaitan, The Analyst Team, Vishal Chawla, Zoran Spirkovski,
Stats Has published 411 posts about cryptocurrency

Dec 03 2020

Whales Buying Litecoin as Bitcoin’s Silver Takes Aims at $100

Dec 03 2020 Published at Crypto Briefing under tags  markets trading

Litecoin has entered a period of consolidation below the $90 level after the popular altcoin staged a major technical recovery from the $64 support level. Holding this level keeps a $100 target alive and well. Litecoin Prepares for Swing LTC has enjoyed the latest bull run last month, as well as the recent...

Nexo Announces $12 Million Token Buyback

Dec 03 2020 Published at Crypto Briefing under tags  business nexo

Nexo will spend $12 million on its native token in the open market. Confirming the news in a press statement, the firm's co-founder and managing partner Antoni Trenchev said: "Nexo has had another...

Bitcoin Exchange Kraken to Fund Ethereum Projects

Dec 03 2020 Published at Crypto Briefing under tags  business

Kraken will provide funding to the Ethereum ecosystem. The San Francisco cryptocurrency exchange has pledged to match $150,000 in...

S&P Dow Jones to Launch Bitcoin Index Fund Next Year

S&P Dow Jones Indices, one of the world's most-established index providers, is expanding into cryptocurrencies. The index provider arm of U.S. finance giant S&P Global will add indices for cryptocurrencies in 2021, it was announced today. The provider will initially launch two index...

US Congress Takes “Huge Step” Back With Latest Stablecoin Ruling

Dec 03 2020 Published at Crypto Briefing under tags  congress education regulations

U.S. Congress has proposed a new bill that could hamstring privately-issued stablecoins such as USDT, USDC, PAX, and many others. And due to the popularity of these stablecoins, the...

Grayscale Follows Tesla by Splitting Ethereum Shares

Dec 03 2020 Published at Crypto Briefing under tags  markets

Crypto investment firm Grayscale has announced a share split of its Ethereum Trust Fund (ETHE), offering eight additional shares for each share currently held by shareholders. Split Will Occur in Mid-December Beginning Dec. 17, the outstanding number...

OKEx Promises Secure Private Key Backups

Dec 03 2020 Published at Crypto Briefing under tags  business

OKEx CEO Jay Hao has announced that the exchange is making its fund storage methods more secure. Hao broadcast his statement on Telegram, which was later posted to OKEx's website. OKEx Responds to October Incident On Oct. 16, OKex...

Dec 02 2020

Ampleforth Makes Surprise Expansion Beyond Ethereum

Dec 02 2020 Published at Crypto Briefing under tags  acala ampleforth business near polkadot

Ampleforth will bring its Ethereum-based stablecoin to three other blockchains, according to an announcement from the team. AMPL to Expand Within Months Within the next...

PayPal CEO Is “Bullish” on Many Cryptocurrencies

Dec 02 2020 Published at Crypto Briefing under tags  business payments paypal

Paypal CEO Dan Schulman endorsed cryptocurrency during a web summit today and expanded on his company's plans for the future. PayPal CEO Praises Crypto During the web summit, Schulman heaped praises on the advantages that cryptocurrencies bring to the world of FinTech. He...

Visa Issuing Card for USDC Payments on Ethereum

Dec 02 2020 Published at Crypto Briefing under tags  business circle usdc visa

Visa is doubling down on stablecoins. The credit card giant has announced a collaboration with Circle, the team behind the Ethereum-based token USDC. The partnership will give Visa's network of 60 million merchants access to the dollar-pegged digital currency. Visa Launches USDC Payments...

Retail Investors Are Fueling The Greatest Arbitrage Opportunity in Crypto

Dec 02 2020 Published at Crypto Briefing under tags  analysis trading

Grayscale LLC Inc. is the largest cryptocurrency asset manager globally, boasting $12 billion in assets under management (AUM). Bitcoin-backed GBTC is its leading product with $9 billion in AUM. There is a...

7 Months Later, Was Bitcoin’s Halving Priced In?

Dec 02 2020 Published at Crypto Briefing under tags  halving markets

Every four years, Bitcoin's supply is halved, making the asset twice as rare. While theories say that price should therefore double, Bitcoin analyst...

XRP Prepares for Another Leg Up, Bulls Target $1

Dec 02 2020 Published at Crypto Briefing under tags  markets trading

Ripple's XRP has paused after a massive breakout to new yearly highs. While prices remain dormant, the pressure is slowly rising for another leg up. XRP Seems Poised for Further Gains XRP has been contained within a narrow trading range for the past week....

Yearn Announces Two More DeFi Mergers

Dec 02 2020 Published at Crypto Briefing under tags  markets

Yearn Finance has merged with two DeFi projects--Akropolis and SushiSwap-- allowing investors to use those projects' earning DeFi capabilities in unison. Akropolis Adds More Options The merger between Akropolis and Yearn has benefits for users and developers on both sides of the agreement. Akropolis users...

Dec 01 2020

Facebook’s Libra Rebrands Again, This Time As “Diem”

Dec 01 2020 Published at Crypto Briefing under tags  business facebook libra

Facebook's Libra cryptocurrency project has been rebranded to "Diem" in a new strategic move. The Diem Association announced the name change on its website on Dec. 1, 2020. Diem Is More Mature Since its inception, the project has been heavily criticized by regulators because of Facebook's...

Bitcoin’s Drop to $20K Resulted in $370M of Liquidations

Dec 01 2020 Published at Crypto Briefing under tags  analysis markets

On Tuesday morning, Bitcoin attempted to break above $20,000, reaching as high as $19,900 on many exchanges. However, the breakout failed to materialize, and a quick correction to $18,000 caused $370 million in futures liquidations in less than an hour. Liquidations Total $370 Million The liquidations occurred as two distinct events, beginning at approximately 6:30 am ET. The first liquidation involved $130 million,...

BlockFi Rolls Out Bitcoin Rewards Visa Card for US Residents

Dec 01 2020 Published at Crypto Briefing under tags  business credit cards interest

Crypto lending firm BlockFi announced that it would launch a Bitcoin rewards credit card in January 2021. BlockFi's Bitcoin Visa Card The credit card will allow users to earn back 1.5% on all card purchases in Bitcoin. "For every transaction that you...

PayPal’s Bitcoin Adoption Expands PAX Stablecoin by $100 Million

Dec 01 2020 Published at Crypto Briefing under tags  adoption analysis paypal

Thanks to PayPal's partnership with Paxos, the PAX stablecoin has grown by leaps and bounds. Other top stablecoins, like USDT and USDC, are growing for much different reasons. PayPal's PAX Expansion Since the launch of Paypal's cryptocurrency trading...

Binance Launches Ethereum 2.0 Staking Rewards Today

Dec 01 2020 Published at Crypto Briefing under tags  business eth 2.0 staking

Binance users will participate in ETH 2.0 block creation, staking funds to help validate transactions on the new network, and receive rewards in return. The ETH 2.0 update will take years to implement fully, and major exchanges offering staking services are...

Coinbase Saved Micostrategy $4.25M Executing Firm’s Bitcoin Trades

Dec 01 2020 Published at Crypto Briefing under tags  business

Microstrategy added almost 40,000 Bitcoin to its balance sheet in September 2020, using Coinbase as the primary execution services partner for the purchases. The company sells business software, but under the direction of...

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