Bitcoin Steadies After Flash Crash

Bitcoin Steadies After Flash Crash

Bitcoin sell-offs plummeted on Wednesday, providing some relief to holders of the volatile cryptocurrency after a sudden crash the previous day wiping out billions of dollars of its value. The largest cryptocurrency by market capitalization is down 1.3% to settle at $4,6154.44 a piece, according to 5pm ET data from CoinDesk. It briefly fell 17% … Read more

TransUnion Brings Credit Data Checks to Crypto Lending

TransUnion Brings Credit Data Checks to Crypto Lending

Cryptocurrency lenders will be able to start checking credit reports. TransUnionAnd TRUE 0.72% One of the three largest US consumer credit reporting companies will allow consumers to give blockchain companies access to their personal credit data through security company Spring Labs’ ky0x Digital Passport. By providing this information, the companies said consumers will be able … Read more

Citadel Securities to Receive First Outside Investment

Citadel Securities to Receive First Outside Investment

Citadel Securities is set to receive its first outside investment in a deal that values ​​the e-commerce company owned by billionaire hedge fund Ken Griffin at nearly $22 billion. Venture capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion in a Chicago-based company, the company told the Wall Street Journal. … Read more

Goldman Sachs thinks bitcoin can get to $100,000. Here’s how.

Goldman Sachs thinks bitcoin can get to $100,000. Here's how.

Bitcoin is likely to take a larger market share than gold as a “store of value” thanks to broader adoption of digital assets and Bitcoin scaling solutions, according to a Tuesday report from Goldman Sachs. Cryptocurrency price could exceed $100,000 in a hypothetical scenario when Bitcoin is BTCUSD, + 1.05% Capture 50% of the “store … Read more