Coins

Breaking: MassMutual Insurance Firm Buys $100 Million Bitcoin ‘Insurance’

December 11th, 2020

Massachusetts Mutual Life Insurance Co., a 170-year-old insurance company has bought $100 million worth of bitcoin as the hype around the top cryptocurrency has seen many other mainstream financial giants going big in bitcoin in 2020. The bitcoin purchase made by MassMutual however stands out from the rest, primarily because as an insurance firm their…

No Pump For Filecoin (FIL) After Coinbase Listing

December 11th, 2020

During the previous crypto market bull run, altcoins would surge following a major exchange listing but that does not appear to be the case any longer as seen with Filecoin today. Decentralized data storage token Filecoin was recently listed on Coinbase, yet token prices are actually down over the past 24 hours. The Coinbase effect…

Polkastarter Announces DEX Launch Date, POLS Pumps 40 percent

December 10th, 2020

Having a blockchain network is no longer enough in today’s busy crypto industry. An automated market maker or decentralized exchange is a must and the latest to launch will be Polkastarter from Polkadot. Polkastarter is a DEX built for cross-chain token pools and auctions, with the purpose of enabling projects to raise capital on the…

Stablecoin Demand Surges as USDC Supply Surpasses $3Bn, Tether Closes on $20Bn

December 9th, 2020

The demand for digital dollars is soaring and the second-largest stablecoin in the crypto ecosystem has just reached a new circulation milestone. The Centre Consortium’s USD Coin has just surpassed 3 billion in circulation, growing by nearly 500% in 2020 according to a blog post today. The founding members of the consortium are Circle and…

Standard Chartered Launches Crypto Custodial Solution Zodia In partnership With Northern Trust

December 9th, 2020

London-based financial baking giant Standard Chartered has announced the launch of its institutional-grade crypto custodial solution on Wednesday, December 9. Dubbed as Zodia Custody, this custodial service will be a joint partnership between SC Ventures – Standard Chartered’s innovation unit – and Northern Trust, a leading asset services provider. The banking giant says that the…

Breaking: G7 Nations Raise Concerns Over Rising Crypto Adoption

December 8th, 2020

The financial heads of G7 countries met on Monday during the 12th meeting of the G7 finance officials hosted by U.S. Treasury Secretary Steven Mnuchin to talk about cryptocurrencies and their impact on the financial ecosystem. The virtual meeting was attended by the Finance Ministers and Central Bankers from these countries who strongly advocated for…

Over 1.2 Million ETH Deposited on Beacon Chain

December 8th, 2020

Staking on the Ethereum 2.0 deposit contract got off to a slow start with many predicting that it would not reach the target in time. A week after the Beacon Chain genesis, there has now been over 1.2 million ETH locked up in the deposit contract. As noted by Vitalik Buterin himself, this is 230%…

Linkswap Liquidity Pools Launched With $6 Million Staked in 6 Hours

December 7th, 2020

The decentralized Linkswap exchange has just launched a range of liquidity pools for farming its native YFL token but prices are down on the day despite $6 million being staked in the first few hours. The DeFi automated market maker for the Chainlink community was officially launched in late November amid a lot of hype…

Ripple awaits the ultimate breakout to $1 following extended consolidation

December 7th, 2020

Ripple is still trading above $0.6 after a motionless weekend session. The cross-border cryptocurrency appears to have settled for consolidation just like Bitcoin as discussed earlier in the day. Meanwhile, a breakout is expected to come into the picture as consolidation is likely to hit a tipping point in the near term. At the time…

Editorial: Is “Digital Yuan” China’s Weapon to Rule Global Markets?

December 5th, 2020

The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions have only made the contention…