Although it has since grown into its own asset class, Bitcoin was initially conceived as an alternate currency to fiat. Merchant adoption and ease of access are generally seen as the two biggest hurdles on the path to true mainstream acceptance. Yet several recent announcements suggest that these obstacles could soon be surmounted, allowing Bitcoin…
Ever since their inception, cryptocurrencies and blockchain ledgers have been associated with decentralization. This feature remains one of the fundamental pillars of nearly every token, true to the original intent of Bitcoin’s creator. And while banks and other large enterprises have been relatively lukewarm towards the idea of integrating Bitcoin and other cryptocurrencies as part…
The recent rebound in Bitcoin prices coincided with a 180-degree policy shift by three of the world’s most influential central banks. Under pressure from the political arena, the Federal Reserve went from touting a hawkish position to quickly abandoning plans for additional rate hikes and also suggesting that we might enter a period of prolonged…
After months of being stuck in a bearish rut, Bitcoin has finally bounced back up this week, and in a major way. Following numerous dips and an apparent bottom at around the $3,500 level, the world’s primary cryptocurrency reversed course in February and has risen since then, breaching the $5,000 level on April 3. Many…
Crypto Custody Is Booming Many large financial institutions are entering the crypto custody space as Fidelity rolled out its Fidelity Digital Asset Services this Q1. In addition, IBM announced that its cloud platform will be used to develop a crypto custody solution using a hardware security module (HSM). Ledger, a popular hardware wallet manufacturer, also…
Apple’s ceaseless expansion has been making news recently. Despite declining iPhone sales, the tech giant shows no sign of slowing down as it prepares to launch a suite of new products. To cryptocurrency enthusiasts, the most interesting among those is likely the newly-revealed Apple Card. Although the card will resemble the bank-issued variety, the focus…
Image by FLYERDIARIES.COM / CC BY 2.0 / Cropped When it comes to freshly-minted altcoins, Coinbase’s approval clearly goes a long way. Last Wednesday, the major U.S.-based crypto exchange announced that it would be adding Stellar Lumens (XLM) to its list of available tokens, Bitcoinist reports. Although Coinbase greenlighted XLM right after the announcement, the…
The crypto custody sector is fast expanding. Until fairly recently, cryptocurrency storage options were binary: holders had to either store their coins and tokens on exchanges or on their own hardware wallet. Both choices left much to be desired for larger investors, which is why a number of high-profile companies are now offering to store…
According to a recent New York Times report, Facebook is diving into the crypto space in a direct way by creating a token of its own, reports CoinTelegraph. The report corresponds with an earlier jobs listing and suggests that Facebook hired up to 50 engineers, all of whom are working under the condition of privacy.…
A news digest of what happened in the crypto world in the past month, February 2019: Big Brands Jumping On Board JP Morgan launched its own cryptocurrency, JPM Coin, a move that surprised many given CEO Jamie Dimon’s prior opposition to cryptocurrency. Another financial giant, Nasdaq, added Bitcoin and Ethereum indices to its Global Data…
