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Bitcoin Rally Here to Stay – Or Fleeting?  

PYMNTS

Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

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Bitcoin Daily: US Banks Eye Third-Party Custodians For Crypto Investors; UK FinTech Cashaa To Launch Crypto Bank In India

PYMNTS

number of big crypto custodians like Anchorage, Coinbase, and a number of others, have been contacted by banks about whether they’d be willing to be like the third-party custody providers for national banks whose customers want to invest in bitcoin,” he said, according to CoinDesk. “Well, what I have heard.a UNICAS is a project of U.K.

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PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)

PYMNTS

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Wanted: Big Backers And Government Support.

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Bitcoin Daily: Bitcoin Sheds $20 Billion Off Market Cap; Gibralter-Based FinTech Launches Tokenized Securities Platform

PYMNTS

That means assets that aren’t acquired by means of exchanging them for payment, and which are used on a “fully operative network” for a “consumptive purchase.” Bitcoin saw a drop-off in value on Saturday (May 9) as it tried and failed numerous times to break past the $10,000 range.

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Bitcoin Daily: Bitcoin Kiosks At The Supermarket, tZERO To Launch Next Week

PYMNTS

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily.

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Cryptocurrency Exchange BitFlyer Seeks to Connect World’s Largest Bitcoin Investors

Bank Innovation

cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. Japan is the largest bitcoin trading market in the world, about 50% of it happens in there; the U.S. is the second biggest market,” Bartek Ringwelski, chief operating officer […].

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms, and will aim to make financial matters more accessible and offer a better, cheaper tracking system. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

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