Bitcoin and other cryptocurrencies rose after Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. As part of a pilot program, Visa is using USD Coin to settle transactions over Ethereum, with the help of the Crypto.com platform and Anchorage, a digital-asset bank, according to a statement Monday by the San Francisco-based payments giant. Visa will offer… Source link

Hester Peirce Hester Peirce Since being appointed in 2018 by former president Donald Trump, SEC Commissioner Hester Peirce has been affectionately known as “Crypto Mom” throughout the industry. Long seen as a champion for bitcoin and crypto adoption, she is best known for sharply-worded dissents to rejected bitcoin exchange-traded fund applications that often argue for bitcoin to be treated the same way as any other type of investable asset. The implication being that her fellow… Source link

National Review Bernie’s Lost on Space Socialist Senator Bernie Sanders really wants billionaire space entrepreneur Elon Musk to stay on the ground. “Space travel is an exciting idea, but right now we need to focus on Earth and create a progressive tax system so that children don’t go hungry, people are not homeless and all Americans have healthcare. The level of inequality in America is obscene and a threat to our democracy,” Sanders recently tweeted, responding to Musk’s Twitter… Source link

Bloomberg Ships Start to Move in Canal After Ever Given Freed: Suez Update (Bloomberg) — Ships were starting to move in the Suez Canal after the dislodging of the giant Ever Given container ship cleared the key trade route for traffic.At least three vessels were on the move, according to ship-tracking data. The return of navigation will come as a relief for global trade that was under strain even before the latest crisis.There were 437 ships waiting to transit through the waterway, shipping… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

FUYANG, CHINA – MARCH 13, 2021 – A view of bitcoin, Fuyang City, Anhui Province, March 13, … [+] 2021.PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images) Barcroft Media via Getty Images Cryptocurrencies hit the big time in January, but doesn’t mean they are money. Not yet anyway. In January the cryptocurrency market hit a major milestone. The market value exceeded $1 trillion in value, with Source link

Visa Inc. headquarters in Foster City, California © 2020 Bloomberg Finance LP Visa is piloting transaction settlement in stablecoins on the ethereum blockchain.  Credit card provider Visa today announced it accepted the first settlement payment in U.S. Dollar Coin (USDC), a cryptocurrency pegged to U.S. dollar in a 1:1 ratio, from its global crypto wallet partner Crypto.com over the ethereum blockchain. This marks the launch of a pilot which would allow Crypto.com to settle a… Source link

Bitcoin (BTC) starts a new week in all-too-familiar territory with all-time highs just out of reach. After a positive weekend, the largest cryptocurrency has avoided a deeper price dip than that seen last week, and $50,000 has stuck as support. What next? Cointelegraph takes a look at five factors which may shape Bitcoin price action in the coming days. Stocks set for crunch moment Monday will form an interesting open for U.S. equities as fears mount over the impact of Friday’s $20 billion… Source link

Ethereum Ethereum fell by 1.58% on Sunday. Reversing a 0.82% gain from Saturday, Ethereum ended the week down by 5.45% to $1,686.92. A mixed start to the day saw Ethereum rise to a late morning intraday high $1,725.71 before hitting reverse. Falling short of the first major resistance level at $1,742, Ethereum slid to a late intraday low $1,662. Ethereum fell through the first major support level at $1,676 before a partial recovery to $1,680 levels. At the time of writing, Ethereum was down by… Source link

Bitcoin Bitcoin, BTC to USD, fell by 2.72% in the week ending 28th March. Reversing a 2.85% gain from the previous week, Bitcoin ended the week at $55,780.0. A mixed start to the week saw Bitcoin rise to a Monday intraweek high $58,525.0 before hitting reverse. Falling well short of the first major resistance level at $61,935, Bitcoin slid to a Thursday intraweek low $50,350.0. Bitcoin fell through the first major support level at $54,706 and the second major support level at $50,412. Steering… Source link