• pipe giant launches DeFi
    Alt coins,  Opinion,  Technology

    Pipe manufacturing giant launches a DeFi protocol: sign of a bubble or mainstream interest?

    The new protocol aims to provide “a new level of transparency and legitimacy” to the DeFi space thanks to the backing of a major steel pipe producer

    In some ways it sounds like a reverse version of New York-based beverage company Long Island Iced Tea’s December 2017 decision to rename itself Long Blockchain Corp when it began considering entering the blockchain business—a move that saw its stock jump 200%. Wenzhou, China-based xSigma, on the other hand, is sure is putting a lot of emphasis on the backing of its NASDAQ-listed pipe-making parent firm as proof of legitimacy.

  • JPMorgan Jamie Dimon unimpressed Bitcoin
    Bitcoin,  Opinion,  Regulation

    Still a skeptic: JPMorgan Chase boss Jamie Dimon says ‘Bitcoin is not my cup of tea’

    The CEO also predicts there’s trouble brewing for the cryptocurrency if its market cap gets any bigger, warning the U.S. ‘can regulate whatever they want’

    Bitcoin’s tantalizing rise to $18,000—a 13% increase in the space of a week—still isn’t enough to impress JPMorgan Chase chief executive Jamie Dimon. However, that isn’t to say that Dimon is skeptical about digital assets or the power of blockchain technology.

  • Fidelity Digital Assets addresses Bitcoin’s critics
    Bitcoin,  Commentary,  Education

    Fidelity Digital Assets addresses Bitcoin’s critics

    With Bitcoin’s price soaring along with mainstream interest from hedge fund legends and PayPal alike, FDA Research Director Ria Bhutoria takes on six main criticisms of the first cryptocurrency

    In a Nov. 13 blog post, Bhutoria said that while the conversation is not new, the rapidly growing interest in the main cryptocurrency by mainstream investors and retail-focused payment processors alike, it’s time for an update.

  • Markets report bitcoin price
    Bitcoin,  Markets Report,  Opinion

    Markets Report: Bitcoin tests $13,000 as analyst pins hopes on record monthly close

    A weaker 24 hours for Bitcoin comes as the U.S. dollar currency index makes fresh gains and gold also weakens

    Bitcoin struggled to maintain $13,000 support on October 29 as a rejection at $14,000 sparked 24 hours of downward price pressure. Data from price tickers including CoinMarketCap showed BTC/USD in a less bullish position on Thursday, briefly dipping back into the $12,000 range overnight.