Crypto 24 / 7 News

Oct 3, 2020 at 13:00 UTC Updated Oct 3, 2020 at 13:23 UTC
(Drew Angerer/Getty Images News) ‘The Fed Meetings Are a Dead Spectator Sport’ – Best of The Breakdown September 2020
A monthly recap featuring conversations with Luke Gromen, Raoul Pal, Tavi Costa, Sven Henrich, Corey Hoffstein and Michael Saylor.
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This episode is sponsored by Crypto.com , Nexo.io and Elliptic.co .
A recap of September, which NLW calls a transitional month between the post-lockdown excitement of the summer and the growing macro insecurity around second wave fears and election volatility.
Featuring some of the most interesting insights from our guests, including: Luke Gromen on the four options for countries that can’t pay their debts Tavi Costa on the Fed’s new “mandate” to keep asset prices high Raoul Pal on why “monetary policy is over” Sven Henrich on the ever-weakening economic cycle Corey Hoffstein on the fundamental supply-demand mismatch that exacerbates exogenous shocks Michael Saylor on why he moved his company’s cash reserves to bitcoin
For more episodes and free early access before our regular 3 p.m.Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.Share this: US Treasury Secretary Mnunchin Says G7 in Agreement on Libra, Cryptocurrencies news Treasury Secretary Steve Mnuchin said his executive agency was in line with other financial ministries of the Group of Seven (G7) regarding Facebook’s leap into cryptocurrencies.

“There was a clear agreement from all G7 finance ministers and central bank governors that Libra in particular raises some very significant concerns, and cryptocurrencies more broadly,” adding,… Bitcoin Price Hits 8-Month High Close to $7K markets View Bitcoin printed an eight-month high of $6,964 earlier today.Further strengthening the long-term bullish bias is a bull cross of the 100- and 200-day moving averages (MAs) – the first since July 2015.A sustained move toward the next resistance at $7,411 (September 2018 high) could be preceded by a price pullback, as… Building for Bulls, Bears and the Crypto Revolution opinion Taylor Monahan is the founder and CEO of MyCrypto, a free, open-source interface for interacting with the blockchain.The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.

Last year, I ended my 2017 Year in Review piece with the following statement: “Those who change the world don’t always set out to do… CME Open Interest for Bitcoin Futures Up 100% Since Start of 2020 Jan 20, 2020 at 18:48 UTCUpdated Jan 20, 2020 at 18:49 UTCOpen interest in bitcoin futures listed on the Chicago Mercantile Exchange (CME) have doubled in the first few days of the year, as noted by data analytics firm Skew.About $235 million worth of positions (5,329 contracts) were open on the CME on Jan.17… 2,000 More US Grocery Stores Enable Bitcoin Buying at Coinstar Machines news Supermarket kiosk chain Coinstar is expanding the footprint of its bitcoin-buying service to more than 2,000 locations in 19 different states.The service, through a partnership with blockchain startup Coinme that offers individuals the ability to convert cash into bitcoin, has expanded from an initial 70 machines to some 2,100 different kiosks, Coinme announced… Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost Jun 5, 2020 at 08:13 UTCUpdated Jun 5, 2020 at 08:15 UTCFederal Reserve of Philadelphia (Credit: Shutterstock/Bumble Dee)Central bank digital currencies might one day replace commercial banks.But that comes with risks, according to new research from the Federal Reserve of Philadelphia.The 32-page research paper – titled “Central Bank Digital Currency: Central Banking for… Medici-Backed Bitsy Launches User-Friendly Crypto Wallet Blockchain startup Bitsy wants to help build out the bridge between cryptocurrencies and fiat money.To that end, the company announced a new crypto wallet Friday, one aimed at providing a simplified, user-friendly experience.CEO Ann-Marie Hopkins told CoinDesk that the wallet will allow users to buy some amount of cryptocurrency, such as bitcoin, and ensure… ConsenSys Pitch Deck Forecasts $100 Million Burn Rate for 2019 news ConsenSys believes it can become a valuable company, provided it can get through the next year.As The Information first reported Monday, the company is seeking approximately $200 million in new investment.

However, ConsenSys also projects $152 million in expenses in 2019, with $52 million in revenue, for an estimated $100 million cash burn,… Abra’s Blockchain App to Let Users Invest in Fractions of Stocks, ETFs news U.S.-based crypto startup Abra is adding a new feature to its blockchain-based app that will allow global users to buy portions of traditional investment instruments.Announcing the news on Wednesday, Abra said the app will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks, exchange-traded funds (ETFs).The app… .