In a week dominated by the wave of Bitcoin and events in the cryptocurrency sphere, here are the best stories from the worlds of forex, fintech and cryptocurrency in our best segment of the week.
BTC looks like it’s headed for $ 20k – is this 2017 again?
Bitcoin broke the $ 18,000 mark earlier this week and for many analysts, the move over $ 18k seemed to signal that another major price target was just around the corner: $ 20,000.
With expert views from Clara Medalie, market analyst at digital asset data provider Kaiko, Dr Garrick Hileman, Head of Research at Blockchain.com, and Harumi Urata-Thompson, CFO of Celsius Network, Finance tycoons examined the causes of Bitcoin’s spike, its destination, and comparisons between now and the last time Bitcoin hit $ 20k in 2017.
Read the Bitcoin analysis here.
The Coinbase app goes down just as Bitcoin skyrockets
The cryptocurrency exchange’s website, Coinbase, has apparently crashed just as the price of bitcoin continues to rise towards three-year highs near $ 17,000 per coin. Coinbase users trying to access their wallet received a message stating that the site is “temporarily unavailable”.
According to a company update on Monday, Coinbase said the website and mobile apps are not loading, adding that it is “currently investigating the issue,” but no further comments have been provided.
Read more about Coinbase’s downtime here
Airbnb plans to consider cryptocurrencies and Blockchain technology
According to the prospectus filed with the United States Securities and Exchange Commission (SEC) for its IPO, Airbnb has shown interest in adopting emerging technologies, including tokenization, cryptocurrencies and other applications of blockchain technology.
The official document states that the home rental platform is open to considering technologies such as distributed ledger, artificial intelligence, augmented reality and cloud technologies for the future. In the past, Airbnb has said the company has no plans to consider bitcoin or other cryptocurrencies as a payment method.
Read more about Airbnb’s crypto plans here
HotForex announces partnership with Paris Saint-Germain
Forex and CFD broker, HotForex announced this week that it has partnered with current French football champions, Paris Saint-Germain (PSG). This is the broker’s latest partnership to expand its global sports sponsorship portfolio.
According to the press release shared with Finance Magnates, the broker will be partner of PSG for the 2020-21 season. The recent collaboration will allow HotForex to gain visibility in selected regions and on PSG’s digital platforms.
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Read more about the HotForex PSG partnership here
What happened to Facebook’s Libra? Down the rabbit hole with David Gerard
In an exclusive interview with Finance Magnates, acclaimed cryptocurrency author and commentator David Gerrard opened up the decisive change during Facebook’s Libra project.
Never one to put it mildly, David expresses his candid views on Facebook’s Libra
Read and listen to the interview with David Gerrard Libra here.
Analysis: UAE Forex traders who invest the most, followed by Asia
Finance Magnates Intelligence team reviewed cPattern’s latest July and August data, highlighting key changes.
Get all the information from the global forex markets about who is trading what and for how much.
All the geographic data examined and the results were quite surprising.
Read more about global trader analysis here.
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