Cryptocurrency

The United States Federal Reserve Chair Jerome Powell said on Monday that it is more important for the US to get it a digital currency right than to just be first in the field. “We do think it’s more important to get it right than to be first and getting …

Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million which represents about 1% of Square’s total assets as of the end Q2 of 2020. “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which …

The number of Ethereum transactions on blockchain recorded its all-time daily high on Thursday, Coin Telegraph reported. Daily transactions reached 1.406 million yesterday, as shown by data from Etherscan.

Europe needs to address the challenges imposed by private sector global digital assets, warned the Governor of the Bank of France, Coin Telegraph reported. “We in Europe face urgent and strategic choices on payments that will have implications for our financial sovereignty for decades to come.” “Our European ecosystem has …

Bitcoin is maintaining most of its gains on Thursday, as it is currently trading up by 1.6% at $10,422.8. Earlier today, the world’s biggest digital currency was trading above $10.475 briefly, before giving up some of its gains as it faces strong resistance. Meanwhile, the Ethereum surged by 5.3% to …

Stablecoins and cryptocurrencies must be well regulated by market authorities, according to remarks by the Bank of England (BoE) Governor, Andrew Bailey, on Thursday. The comments, picked up by Reuters, showed a call for regulators to keep up with market developments in the digital payment domain. “If stablecoins are to …

Bitcoin surged on Monday to its highest level in more than a year, expanding its 2020 gains since the beginning of the COVID-19 crisis. The cryptocurrency increased by more than 4% to $12,424, its highest level since July 2019. Year-to-date (YTD), the price of the digital currency has increased by …

The average fee for Ethereum transaction increased to a new record high of $7.50, Coin Telegraph reported. The rise in fees is attributed to increased interaction with stablecoins on the Ethereum network. Ethereum rose by around 2.47% during the past 24 hours, as it is now trading at $394.68.

The cryptocurrency, Bitcoin, has been dropping since the beginning of Thursday’s session and trading at a drop of about 0.61%, or nearly $ 70, to reach 11,680, down from the $ 11,814 levels reached the beginning of the Asian session. It is possible that Bitcoin’s increase in price during the …

Electric Capital venture fund raised $110 million from university endowments and other nonprofits to invest in cryptocurrencies, Bloomberg reported. The company has started with investing $35 million in cryptocurrencies like Bitcoin and Ethereum and blockchain projects. However, it seems the focus this time will be directed towards other crypto assets. …