Bitcoin saw an impressive surge on the day, climbing 400 dollars in minutes to break new 2020 highs. BTC is currently trading in the $10,300 area, equalling five months highs and up $3,000 since the start of the year. That said, Bitcoin is a slouch compared to some of the leading altcoins, with its dominance of the total market cap seeing a continuous decline.
The Chairman of the US Federal Reserve, Jerome Powell addressed the House’s Financial Services Committee on Tuesday and delivered some interesting remarks on the bank’s position when it comes to the Digital Dollar. The Fed Head, who in the past was completely dismissive on the prospects of the US rolling out its own CBDC, seems to have recognized the urgency.
The New Hampshire Democratic primary race has been decided. Bernie Sanders has taken the lead with Pete Buttigieg closely behind and other contenders who were vying for the nomination have begun to drop out - Amongst them, Crypto supporter and sphere favorite Andrew Yang who wrapped his campaign late yesterday
Brooklyn based startup consensys of Joe Lubin Fame made waves yesterday when news broke that it is in talks with JP Morgan Chase and Co. to Merge the Banks Marquee Blockchain unit Qurom with the software technology company. As per Reuters who broke the news; The deal is yet to be formalized but sources close to the matter believe it will be announced within the next six months. The News comes on the heels of Consensys announcing a downsizing in operations last week that cut about 14 percent of its workforce. Around 25 people currently work on the Quorum JP Morgan team globally, and it is unclear whether they will join ConsenSys after the merger. The largest U.S. bank by assets has also said it would use Quorum to issue a digital currency called JPMorgan Coin that is designed to make instantaneous payments using blockchain...that, of course, is a far cry from the tune the bank and Jamie Dimon sang just two years ago