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SOL, LUNA Surge, Bitcoin Retreats After ATH: Markets Wrap
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SOL, LUNA Surge, Bitcoin Retreats After ATH: Markets Wrap

Bitcoin is down roughly 4% on-day, trading at $60,728 SOL hiked 11%, trading at $202 Bitcoin continued to retreat as altcoins traded higher on Friday. Native tokens from Solana (SOL) and Terra (LUNA) both spiked. SOL was up almost 11%, trading at $202.71. LUNA surged 10% to $45.18, as of press time. US stocks declined...

Goldman Sachs: DeFi Has its Advantages Over Traditional Finance
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Goldman Sachs: DeFi Has its Advantages Over Traditional Finance

The narrative around DeFi has shifted from whether or not these decentralized products on the blockchain can work to how they can continue to grow in scale, the report’s authors said Since the DeFi industry has exploded, the total value locked has increased 900% from under $10 billion during the first half of 2020 to...

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Multi-Trillion-Dollar Investment Firm Pimco Is Ready To Step Into Crypto, Says CIO

A global management firm handling over $2.2 trillion in assets is ready to embrace crypto. In a new interview with CNBC, Pimco chief information officer Daniel Ivascyn says that even though cryptocurrencies have a good chance of “disrupting” the industry, the company still plans to invest in digital assets. ADVERTISEMENT   “Now we’re looking at...

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Crypto Newcomer Explodes After Abrupt Altcoin Listing on Binance

A small-cap altcoin is shooting into the stratosphere after earning support from the global crypto exchange Binance. The governance token Tranchess (CHESS) officially began trading today. ADVERTISEMENT   News of the coin’s listing triggered a 185% rise in the price of the asset – from $2.77 to $7.91. Its value has since settled to $5.09...

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Associated Press Will Utilize Chainlink To Record Real-World Data on Various Blockchains

The Associated Press (AP) is tapping decentralized oracle network Chainlink (LINK) to make its data accessible on leading blockchains. Chainlink serves as a bridge that can bring off-chain information to blockchains and smart contracts. ADVERTISEMENT   The news agency says it’s launching a Chainlink node that will enable it to supply and directly sell datasets...

Valkyrie’s BTF Trades $10m in First 5 Minutes
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Valkyrie’s BTF Trades $10m in First 5 Minutes

Valkyrie’s BTF made its Nasdaq debut Friday as the second futures-based ETF available in the US Contango and roll costs, a major concern for many analysts, are not going to be a problem, Valkyrie CIO said Three days after the ProShares Bitcoin Strategy Fund’s historic debut, Valkyrie Investments has brought the second fund of its...

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This Bitcoin Chart Is Like a ‘Cheat Code’ for Calling Top Cryptocurrency’s Trajectory, Says Crypto Analyst Justin Bennett

A closely followed strategist is eyeing price charts from the 2017 Bitcoin (BTC) bull run to see where the world’s leading crypto is heading next. Justin Bennett tells his 82,800 Twitter followers that comparing BTC’s previous peaks and valleys is “like having a cheat code.” He foresees a new all-time high of $80,000 just around...

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Global Anti-Money Laundering Body To Roll Out New Crypto Guidance Next Week – Here’s What To Expect

The Financial Action Task Force (FATF) is ready to roll out new recommendations on how governments should regulate crypto assets. The FATF is an inter-governmental agency that develops anti-money laundering standards and measures to prevent terrorism financing. ADVERTISEMENT   Speaking at a press conference, FATF president Marcus Pleyer says the new guidance will take a...