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Wall Street Indices End The Week With Gains Seen On BTC, ETH and XRP

Wall Street Indices End The Week With Gains Seen On BTC, ETH and XRP

Wall Street Indices including the Dow Jones, S&P 500, and the Nasdaq Composite closed higher on Friday alongside BTC, ETH, and XRP. Technical analysis was used.

COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow

COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow

The Federal Reserve is accelerating towards digital payments technology as the COVID-19 pandemic has highlighted the need to provide faster methods of relief. The United States central bank has announced the development of its own platform—FedNow.

Coinbase and Binance.US Will Support Flare Network's Spark Token Airdrop, Ripple's XRP Price Could Dip

Coinbase and Binance.US Will Support Flare Network's Spark Token Airdrop, Ripple's XRP Price Could Dip

Crypto exchanges Coinbase and Binance US have lent support for the Flare Network's Spark Token airdrop sending XRP price slightly higher.

Swiss Regulator Issues Banking Licenses to Two Blockchain Firms

Swiss Regulator Issues Banking Licenses to Two Blockchain Firms

The Financial Market Supervisory Authority (FINMA) in Switzerland has issued banking and securities dealers’ licenses to two new blockchain companies.

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

United States Commissioner of the Commodities and Futures Trading Commission (CFTC), Brian Quintenz spoke about the current and future regulation in Fintech at the Singapore Fintech Festival held last week.

AAVE Price Analysis: AAVE Fails To Sustain Support At $200

AAVE Price Analysis: AAVE Fails To Sustain Support At $200

Aave price has dropped below the $200 support level it has held for days. Technical indicators show that more imminent dips are likely.

CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers

CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers

In a survey conducted by The Economist and Crypto.com, it found that consumers generally had more trust in central bank digital currencies (CBDCs), rather than decentralized cryptocurrencies.

DAppstore Creator Decenternet’s Spyce Token to be Listed on BW Exchange November 22nd

DAppstore Creator Decenternet’s Spyce Token to be Listed on BW Exchange November 22nd

Decenternet has created a marketplace for decentralized applications (dApp store) and a decentralized web browser. The token accompanying this new online ecosystem will be called Spyce. The BW Exchange plans on listing the Spyce token on November 22nd, 2019.

Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain

Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain

A collaboration between the major car manufacturers, Mercedes Benz and Circular, a Blockchain Startup to carry out a combined program which would be for the purpose of tracing the emissions of carbon in the cobalt supply chain.

Tesla Shares Plummet as Bitcoin Sinks to $50,000

Tesla Shares Plummet as Bitcoin Sinks to $50,000

Tesla’s shares have plummeted by around 3.8%, following a massive sell-off wave that overtook tech stocks and the cryptocurrency market.

Crypto Whales Moving BTC to Exchanges Sees Bitcoin Price Bounce at $17,250

Crypto Whales Moving BTC to Exchanges Sees Bitcoin Price Bounce at $17,250

The Bitcoin price corrected fell and bounced at $17,250 as crypto whales moved their BTC to exchanges, presumably to cash in as BTC approached a new all-time high of $20,000.

Hedge Funds Were Net Short Bitcoin Futures Coming Into the Crash

Hedge Funds Were Net Short Bitcoin Futures Coming Into the Crash

According to the Block, hedge funds were inordinately short CME bitcoin futures compared to their peers the past week. So much so that net short positions among the hedge funds trading the product were at an all-time high the past two weeks.

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