Crypto Market Sentiment Remains Positive, Tether Drops

Source: Adobe/boscorelli This week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins remains positive at 6.25 out of 10, but it is slightly lower compared to the previous week’s 6.43, according to crypto market sentiment analysis site Omenics data. The top cryptocurrency – bitcoin (BTC), remains the only coin with…

MoneyGram Puts Relationship With Ripple’s XRP on Hold

Benzinga Traditional Automakers Are Making The Transition To Electric With These Ambitious EV Plans Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) have both started off the year strong, seeing double-digit gains. GM stock rose 20% from where it started at the beginning of 2021. Ford stock saw similar movement, surging up…

Silvergate: This bitcoin bank’s stock has jumped nearly 1,300% in just over a year

Shares of Silvergate Capital (SI) are up more than 120% so far this year -— and the stock has skyrocketed nearly 1,300% since going public in November 2019. Increasingly more financial services firms, such as Bank of New York Mellon (BK), Visa (V), MasterCard (MA) and BlackRock (BLK), are starting to embrace bitcoin. But arguably…

Buying Signature Bank stock gives investors cryptocurrency exposure for free, analyst says

Buying shares of Signature Bank is a cheap way to gain exposure to cryptocurrencies, such as bitcoin, according to BofA Securities analyst Ebrahim Poonawala, prompting him to raise his price target by 15%. “We believe that at the stock’s current valuation investors are getting crypto-related optionality for free,” Poonawala wrote in a note to clients….

Cointelegraph launches Markets Pro crypto intelligence platform, powered by The TIE

Cointelegraph Markets Pro, a data platform designed to level the playing field for cryptocurrency market participants, is now available to the public following a successful live testing period. The platform, which has been in development for a year, is the result of exhaustive analysis of the crypto markets and the key drivers of asset price…

Binance Blamed for Purposely Choking Ethereum’s Network – Exchanges Bitcoin News

The recent ramp higher in cryptocurrency prices has assuredly attracted its fair share of cheerleaders and detractors alike, but the reality of this climb has been a concurrent increase in network fees from rising transaction volumes. Binance is Blamed for Purposely Choking Ethereum’s Network to Drive More Users to Its Own Platform The resulting volumes…

Bitcoin bloodbath sees cryptocurrency markets tumble

Bitcoin and its crypto cousins took an almighty fall today as record highs suddenly turned into red screens across the board. The first sign of trouble heralded itself shortly after midnight as Bitcoin (BTC) – seemingly looking solid around $57,500 with robust trading volume – started to suffer engine failure and lost altitude down to…

BitFuFu Officially Endorsed by Bitmain as a Standardized Crypto Mining Platform

HONG KONG, Feb. 22, 2021 /PRNewswire/ — BitFuFu, the world’s first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry. The partnership is expected to collaborate to foster innovation in crypto mining. Bitmain will be supporting the BitFuFu platform with its mining resources, including machines, pools, and farms. BitFuFu…

View: Compelling reasons why India should let the crypto cat out of the bag

Fear of cryptos complicating monetary policy is structurally unfounded. Synopsis If cryptos lack ‘money-ness’, BharatCoin, the presumptive name for an RBI-issued digital currency, would be a natural evolution of digitisation of financial flows. India has been at the global forefront of digitisation for decades now. BharatCoin won’t replace cash. But it has the potential to…