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Alibaba’s Jack Ma praises the disruptive nature of digital currencies October 26, 2020
The current conservative international financial system doesn't suit young people or young economies, says Ma. Jack Ma, the now-retired founder of Alibaba Group, recently spoke to a crowd of bankers and regulators at the Bund Summit in Shanghai about the role digital currencies will likely play in the future global financial system:“Digital currency could create value […]
Michael Kapilkov
Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA October 26, 2020
Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur. Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between Bitcoin (BTC) and the S&P 500 is 0. Pomp stressed that the lack of correlation shows that Bitcoin is a […]
Rakesh Upadhyay
British fintech firm opening physical crypto bank branches in India October 26, 2020
The new venture will reportedly include 34 “physical branches and operations” in northern India. According to an Oct. 26 announcement from Cashaa, the fintech firm will be partnering with India's United Multistate Credit Cooperative Society to build a crypto-friendly financial institution called UNICAS. This new venture will reportedly include 34 “physical branches and operations” in […]
Turner Wright
Anheuser-Busch considers integrating blockchain further into its beer production line October 26, 2020
The company is testing a new blockchain pilot that would give customers the power to track their beer’s barley by the bottle. Anheuser-Busch InBev, the parent entity of Budweiser, Corona and many other beer brands, recently began to pilot a platform which lets end-customers track their malt beverages on the blockchain. This is not the first instance […]
Benjamin Pirus
The number of Bitcoin whales hit an all-time high during the latest bull run October 26, 2020
Bitcoin whales own almost 8M Bitcoin and do not appear to be in a hurry to sell. The number of Bitcoin (BTC) whales reached a new all-time high amid last week's price ascension. On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. At […]
Michael Kapilkov
McAfee continues to promote cryptocurrencies from his Spanish jail cell October 26, 2020
Cointelegraph interviews antivirus pioneer John McAfee on the state of Blockchain from his confines in Barcelona, Spain. John McAfee, an eccentric millionaire, crypto enthusiast, and anti-virus expert, was recently detained in Spain on charges of U.S. tax evasion. He also faces charges arising from a series of questionable crypto promotions, from which he allegedly profited millions […]
Benjamin Pirus
Imploding Trump Pelosi COVID-19 deal leads to 3% Bitcoin price drop October 26, 2020
Bitcoin price fell 3% as the U.S. stock market plummeted, but traders expect these two key levels to prevent a deep BTC pullback. The price of Bitcoin (BTC) dropped 3% in less than three hours as the U.S. stock market plummeted. Following the pullback, most traders are neutral or slightly bearish on the short-term trend […]
Joseph Young
Whale alert — crypto user moves $1.1B in Bitcoin October 26, 2020
An anonymous crypto holder just completed the largest dollar value Bitcoin transaction in history. With Bitcoin's price continuing to hold close to $13,000, one crypto wallet has moved more than $1 billion of the digital asset.According to on-chain data, a Bitcoin (BTC) wallet holder moved more than 88,857 BTC — worth roughly $1.15 billion — for […]
Turner Wright
Central bank digital currencies have the power to upend global finance October 26, 2020
Central bank digital currencies will fundamentally change our conceptions of money and its uses. An astonishing 80% of central banks are engaging in work around central bank digital currencies, from research to experimentation and pilot programs. A recent Bank for International Settlements, or BIS, chart demonstrates the growing interest in CBDCs by central banks, as […]
Guest Authors
Don't expect another 2017-style altseason as Ethereum continues slump vs. Bitcoin October 26, 2020
The price of Ethereum's Ether is continuing to show weakness against Bitcoin despite its latest rally above $400. While Bitcoin (BTC) is showing strength through new higher highs and making a new yearly high, Ethereum's Ether (ETH) shows weakness, particularly the ETH/BTC pair.ETH weakness is also a clear indication that most altcoins are not showing […]
Michaël van de Poppe