Bitcoin is proving a difficult trade on December 21 as a new week begins with instant volatility after new all-time highs over $24,000. After setting records across exchanges at the weekend, Bitcoin is feeling pressure as Wall St. opens for Monday trading.
Markets Report: Bitcoin seals a week of compression as bulls demand $9,400 close
An increasingly narrow price compression zone is due for disruption, but influential price factors mean Bitcoin is stuck just north of $9,000
Bitcoin is ending its latest week’s trading just inches from where it began on Monday, as a major breakout evades the market. Despite fluctuations throughout the week, Bitcoin price performance failed to inspire traders, with a narrow trading corridor characterizing the market.
U.K. regulator sees need for speed in Coronavirus blockchain solutions
The U.K.’s Financial Conduct Authority is moving up plans to create a digital sandbox, making it easier and safer for blockchain firms to experiment with projects and platforms tackling the COVID-19 pandemic.
The United Kingdom’s Financial Conduct Authority has sped up plans to launch a blockchain-focused digital sandbox in response to the coronavirus pandemic. The regulatory body invited innovative firms that are devising ways to tackle the challenges caused by COVID-19 to step up before applications open this summer.
Perianne Boring: COVID-19 will spur global blockchain adoption
The founder and president of the Chamber of Digital Commerce said the stresses the pandemic is putting on global supply chains will accelerate the acceptance and use of digital ledgers
The COVID-19 crisis will spur global adoption of blockchain, Chamber of Digital Commerce founder and president Perianne Boring predicted. “We’re seeing all kinds of critical systems being stress tested and cracking under the current demands," she said.