Bloomberg Intelligence senior commodity strategist Mike McGlone, who previously said bitcoin could drop to $10,000, is reiterating his call that bitcoin could still fall below that level, an outlook several market analysts said would require an extreme macroeconomic shock. In an interview with EllioTrades, McGlone said the crypto bear market may not be over and…
Wells Fargo (WFC), one of the largest U.S. banks overseeing $1.7 trillion in assets, has filed a trademark application for a new digital asset-focused platform branded as WFUSD, signaling that the bank is pushing deeper into crypto and blockchain. According to a Tuesday filing for the United States Patent and Trademark Office (USPTO), WFUSD would…
After retreating back to the $69,000 area during early U.S. morning hours Wednesday, bitcoin BTC$70,566.07 has quickly spiked to nearly $71,000. Other crypto assets, including ether (ETH), solana (SOL) and XRP, saw the same sharp moves higher. The gains appeared to come as crude oil quickly reversed most of its session’s large gains, dropping $3…
Foundry Digital, one of largest Bitcoin mining pools by hashrate, said it plans to introduce a zcash (ZEC) mining pool by next month, expanding beyond BTC and bringing a large institutional operator into the privacy-focused network. With the new pool, Foundry aims to offer zcash miners a U.S.-based platform designed around compliance checks, reporting standards…
Mastercard has launched a new Crypto Partner Program that brings together more than 85 companies from across the digital asset and payments industries, an effort to link blockchain technology more directly with the infrastructure that underpins global commerce. The program includes crypto exchanges, blockchain developers, fintech firms and banks such as Binance, Circle, Ripple, Gemini,…
Bitcoin BTC$69,558.65 traded at $69,500 mid-morning in Europe after giving up Tuesday’s gains following a rejection at $71,750. The largest cryptocurrency dropped 0.55% since midnight UTC, a loss dwarfed by several altcoins, with zcash (ZEC) and aave AAVE$109.87 falling by 4.5% and 2.1%, respectively. Gold and the dollar are little changed, while U.S. stock index…
Next week could prove pivotal for markets, including bitcoin, as seven major central banks, including the powerful Federal Reserve, announce rate decisions amid war-driven oil price gains that threaten to reignite inflation in the global economy. The week’s packed economic calendar includes the Reserve Bank of Australia (RBA) rate decision on March 17, followed by…
Since the emergence of ChatGPT and chatbots, the artificial intelligence (AI) hype has evolved into “agentic payments,” billed as the next wave of internet commerce in which humans won’t be transacting. It will be AI agents paying each other: The idea is simple: build automated payment rails using AI agents that traditional firms like credit…
Bitcoin BTC$69,951.35 touched $71,612 on Tuesday evening before settling back to $70,036 by Wednesday’s Asian session, as oil price slide revved up risk sentiment. A key catalyst was a Wall Street Journal report that the International Energy Agency had proposed the largest crude reserve release in its history, exceeding the 182 million barrels released in…
Ripple announced plans on Wednesday to secure an Australian Financial Services License through the proposed acquisition of BC Payments Australia Pty Ltd, per a release shared with CoinDesk. The acquisition, which is still subject to completion, would allow Ripple to offer its full payments stack in Australia, covering onboarding, compliance, funding, foreign exchange, liquidity management,…
