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Silvergate Bank, an American financial institution that was one of the first to support cryptocurrency-focused clients, reported a record quarter on Monday. In its earnings report pertaining to Q3 2020, Silvergate revealed that it added $586 million worth of deposits from cryptocurrency companies over this past quarter, making it the
On the morning of October 16th, digital asset exchange OKEx suddenly froze withdrawals from the platform. The exchange announced at the time that one of its "private key holders" was currently "cooperating with a public security bureau" due to ongoing investigations. Due to said investigations, which
If Bitcoin sits above $13,873 at the end of October, it will print its highest monthly candle close in history. On a monthly candle chart, each candle represents one month of trading activity. Hence, a monthly chart typically covers years of trading activity on a single log chart, depicting
News • Bitcoin • Oct 26, 2020If Bitcoin sits above $13,873 at the end of October, it will print its highest monthly candle close in history. On a monthly candle chart, each candle represents one month of trading activity. Hence, a monthly chart typically covers years of trading activity on a single log chart, depicting
News • Bitcoin • Oct 26, 2020Silvergate Bank, an American financial institution that was one of the first to support cryptocurrency-focused clients, reported a record quarter on Monday. In its earnings report pertaining to Q3 2020, Silvergate revealed that it added $586 million worth of deposits from cryptocurrency companies over this past quarter, making it the
News • Bitcoin • Oct 26, 2020On the morning of October 16th, digital asset exchange OKEx suddenly froze withdrawals from the platform. The exchange announced at the time that one of its "private key holders" was currently "cooperating with a public security bureau" due to ongoing investigations. Due to said investigations, which
News • Bitcoin • Oct 26, 2020Over the past two months, institutional Bitcoin adoption has begun to skyrocket as the U.S. dollar continues to lose traction against other foreign currencies. MicroStrategy was the first to make headlines in August. The business services company deployed $250 million, then an additional $175 million into Bitcoin over the
News • Bitcoin • Oct 26, 2020Last week, peer-to-peer Bitcoin trading platform Hodl Hodl unveiled Lend, a Bitcoin-centric lending platform promising to recast Bitcoin's lending sector by scrapping fiat, KYC, and custody. Capitalizing on the rise of decentralized finance (DeFi), Lend opts for a peer-to-peer, non-custodial paradigm, in which users can collateralize bitcoin to
News • Bitcoin • Oct 25, 2020"This is a lie," was the first thing Stuart Hoegner, General Counsel at Tether, had to say about an article published on Saturday by Bitcoin SV-affiliated publication Coingeek. The cause for Hoegner's outrage is the latest in dozens of courtroom reports from Bitcoin SV (BSV) creator
News • Bitcoin • Oct 24, 2020As Bitcoin experiences rapidly increasing institutional interest, Bitcoin companies may soon find themselves wooed by legacy finance and technology companies, anticipates Galaxy Digital CEO Mike Novogratz. In an interview with Bloomberg Technology on Friday, Novogratz predicted that within a year's time, major credit card companies such as VISA,
News • Bitcoin • Oct 23, 2020Data released by the Federal Reserve on Thursday has shown a new all-time high in the central bank's balance sheet. The U.S. monetary authority now holds $7.177 trillion worth of assets—from exchange-traded funds and Treasuries to mortgage-backed securities and credit facilities. $7.177 trillion is
News • Bitcoin • Oct 22, 2020