The 5 Biggest Trends In Cryptocurrency For 2020
These events and developments will shape the digital asset market next year.
Crypto Market Loses Over $40B in A Week
The crypto market has been experiencing a downtrend over the last week, with major cryptocurrencies being in the red.
SoFi Launches Crypto-Trading Service
In partnership with Coinbase, SoFi allows users to buy and sell bitcoin, ether, and litecoin.
Mnuchin Warns of Cryptocurrency Security Risks
Facebook's proposed Libra digital currency “could be misused by money launderers and terrorist financiers," the treasury secretary says.
Hackers Steal $32 Million in Cryptocurrency
Japanese cryptocurrency exchange Bitpoint said that $23 million of the stolen funds belonged to customers, while it owned the rest.
Facebook Unveils Libra Cryptocurrency
The project would bring a consumer-friendly version of digital currencies to smartphones around the world.
Banks Warned on Crypto-Asset Exposures
The Basel Committee on Banking Supervision said cryptocurrencies pose a litany of risks for banks, and any material holdings need to be publicly disclosed.
2019: The End of the Beginning for Blockchain?
The lofty promises of instant riches through crypto have fallen short, but the market will be better as it works through an evolutionary stage.
SEC Halts Trading in Bitcoin Tracking Products
The SEC's move highlights its "strict stance against letting ETFs tracking bitcoin and other cryptocurrencies come to market."
SEC Deals Another Setback for Bitcoin ETF
Backers of the first-ever bitcoin-related ETF have not been able to assuage SEC concerns over bitcoin fraud and price manipulation.
Central Bankers Find Flaws in Cryptocurrencies
The Bank for International Settlements says the "decentralized technology of cryptocurrencies is a poor substitute" for money backed by central banks.