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Blockchain

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

Silvergate Bank accepted a whopping $2.9 billion in new deposits from new and existing digital currency customers in the fourth quarter 2020, according to an earnings report released on Wednesday. The majority of these new deposits came from crypto exchanges which deposited $1.7 billion more in cash to their accounts quarter-on-quarter. Institutional investor deposits grew […]

European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro

The European Commission and the European Central Bank (ECB) are teaming up to consider potential issues that could arise from the digital euro before a decision is made to kick off the digital currency’s development this summer. The two EU institutions now plan to cooperate on “exploring the possibility of issuing a digital euro, as […]

Ethereum’s Ether Cryptocurrency Sets New Price Record on Major Exchanges

Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has broken its previous all-time price high, according to historical data on some major exchanges. Prices surged on Tuesday to reach $1,439.33 – that’s over Bitstamp’s recorded high of $1,420. Coinbase and Bitfinex have previous record peaks listed around the same level. At press time, […]

Chainlink Hits Record High, Altcoins Rally Amid Bitcoin Consolidation

Decentralized oracle network Chainlink’s LINK token and other prominent alternative cryptocurrencies (dubbed altcoins) are charting solid gains as the crypto market leader bitcoin takes a bull breather.  LINK set a new record price of $23.68 overnight and is changing hands near $21.73 at press time, a 7.3% gain on a 24-hour basis. The previous lifetime […]

Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

The investment giant predicts CBDCs will continue gaining steam, although a “launch among Western countries seems unlikely to occur anytime soon.” Source link

3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap

The digital asset manager passed a key milestone this week. Source link

Advisers Allocating Crypto in Clients’ Portfolios Rose 49% Last Year: Survey

The number of advisers allocating to crypto in client portfolios rose from 6.3% to 9.4% in 2020. Source link

OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement

OKEx adding more swaps to its real-time settlement function that went live on Dec. 29, 2020. Source link

Valid Points: Price Dips, 60K Validators and Eth 2.0’s ‘Graffiti’ Messages

It’s been a rough start to the week for crypto investors, although numbers are starting to point upwards once again. Eyes were anxiously set on a new all-time high for ether that failed to materialize as Bitcoin miners largely pulled the price rug last weekend out from under the entire crypto market. Let us not […]

HashKey Capital Invests $5M in Decentralized Storage Project Filestar

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Chinese Bank Trials Digital Yuan Services at ATMs: Report

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Apple Suspends Parler From App Store, Amazon Kicks It Off Web Hosting Service

Apple has suspended Parler, a conservative social media service, from its App Store, saying the app’s owner hasn’t done enough to deal with threats of violence on the platform. Meanwhile, Amazon dealt the service a potential death blow by kicking it off its web hosting service, citing the same reason, BuzzFeed News reported. UPDATE (Jan. […]