May 2022 / 130 posts found
El Salvador’s crypto-loving president is hosting the Davos for Bitcoin with more than 40 countries represented
Bitcoin Davos for Bitcoin hosted by El Salvador’s president kicks off with more than 40 countries attending | Fortune You need to enable JavaScript to view this site. Read More
CEO of cryptocurrency exchange FTX believes that Bitcoin has no future as a payments network
TL;DR: Sam Bankman-Fried said that he doesn’t believe Bitcoin can work as a payments network, criticizing the high energy costs of its proof-of-work algorithm and claiming it can’t sustain millions of transactions per second. He does, however, think that it has potential as a store of value. In a Monday interview, crypto billionaire Sam Bankman-Fried said that he doesn’t see a future for Bitcoin as a payments network. Bankman-Fried is the founder and CEO of FTX, one of the most popular cryptocurrency exchanges in the world. The thirty-year-old billionaire criticized Bitcoin’s underlying proof-of-work system, used to verify transactions, for its […]
Goldman Sachs, Barclays Bank invest in London Based Bitcoin and Crypto Trading Platform of Elwood Technologies
Bitcoin Summary: Goldman Sachs and Barclays Bank have invested in Elwood Technologies The two banks made the investment during a funding round together with Dawn Capital, the venture divisions of German lender Commerzbank and Galaxy Digital The funding round was worth $70 million at a $500 million valuation The traditional banking institutions of Goldman Sachs and Barclays Bank have invested in the London-based Bitcoin and crypto trading platform of Elwood Technologies. According to a report by the Financial Times, the two banks invested in the company during a funding round that was also participated by Dawn Capital, the venture divisions […]
Kraken Daily Market Report for May 15 2022
Overview Daily spot trading volume: $472.2 million, 30 day average spot: $1.02 billion. Total futures notional: $120.9 million. The top five traded coins were, respectively, Tether (+0%), Bitcoin (+4.1%), Ethereum (+4.4%), USDC (0%), and Solana (+12%). Strong returns from Melon (+29%), Moonbean (+15%), and PStake (+26). May 15, 2022 $472.2M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9988 ↑0.02% $127.0M BTC $31296. ↑4.1% $107.1M ETH $2143.2 ↑4.4% $70.1M USDC $0.9999 ↑0.0% $31.7M SOL $58.64 ↑12% $22.8M ADA $0.5974 ↑11% $17.3M…
Bitcoin Rejected at $30K, TRON and Polkadot Spike 4% (Weekend Watch)
Bitcoin After yesterday’s brief price surge to $31,000, bitcoin stalled and retraced back to below $30,000. Most altcoins are also slightly in the red today, except for TRON and Polkadot, both of which are up by around 4%. Bitcoin Bitcoin Failed at $31K No other word can explain what transpired last week better than “massacre.” Bitcoin stood close to $40,000 on May 5 before the bears took complete control over the market and pushed it south hard. At first, BTC lost $4,000 in a day before the negative market sentiment brought it down to $33,000 and later to $30,000. However, […]