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Bitcoin Tops $38K for First Time, a Day After Racing Past $36K, $37K

Bitcoin Tops $38K for First Time, a Day After Racing Past $36K, $37K

The leading cryptocurrency hit a new-all time high of $38,286.65, before settling down to $36,004.99, up 5.93% over the last 24 hours.

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The Interchange: Crypto is now a trillion dollar asset class. What now?

Quick Take

  • No surprise, digital asset investors have never been more bullish as crypto clears $1 trillion in total value for the first time ever

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DeFi aggregator Furucombo raises $1.85 million in seed funding

Decentralized finance (DeFi) aggregator Furucombo has raised $1.85 million in seed funding.

The post DeFi aggregator Furucombo raises $1.85 million in seed funding appeared first on The Block.

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Org Chart: The Diem Association

Quick Take

  • The Facebook-backed Diem Association hopes to launch its stablecoin payment project sometime this year, awaiting regulatory approval
  • Diem has made a spree of strategic executive hires to emphasize the Diem Association’s independence from Facebook.
  • The Block has mapped out the Diem Association’s organizational structure and has highlighted the leadership of each of these compartments, including past work experience.

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CME Becomes Biggest Bitcoin Futures Exchange as Institutional Interest Rises

Chicago Mercantile Exchange now tops the list of the biggest bitcoin futures trading platforms, accounting for nearly 20% of all open interest.

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Record Expected Ether-Bitcoin Volatility Points to Altcoin Season Ahead: Analyst

Peaking implied volatility spreads suggest the emphasis in the markets will shift to ether and other alternative currencies in the short term.

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Coronavirus Vaccines Certified With VeChain’s Blockchain Tech in Cyprus

The medical certification app was developed by VeChain and I-Dante last May.

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FiCAS’ Actively Managed Crypto ETP Gets Green Light for European Expansion

The first actively managed crypto ETP, the BTCA was launched in Switzerland last July.

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South Korean gaming giant Nexon is preparing to acquire crypto exchange Bithumb for about $460 million: Report

South Korean gaming giant Nexon is reportedly preparing to acquire Bithumb, the country’s biggest cryptocurrency exchange, for nearly $460 million.

The post South Korean gaming giant Nexon is preparing to acquire crypto exchange Bithumb for about $460 million: Report appeared first on The Block.

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Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay’s parent, and Tencent Holdings, […]

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