Cryptocurrencies have so far become more than just a passing fad. These assets represent the future of global finance and money, and they are on a significant rise that can’t possibly be denied. Since January, Bitcoin alone has risen by almost 100 percent. The asset has broken its previous all-time record high of $20,000, and...Read More
WeWork, one of the leading flexible workspace providers in the world, is jumping on the cryptocurrency bandwagon. A new release shared by Reuters revealed that WeWork would begin accepting select cryptocurrencies for payments. In a detailed blog post, WeWork also revealed that it will work with BitPay to process payments and will accept Bitcoin, Ethereum, USDC, and...Read More
With Bitcoin (BTC) gaining widespread adoption globally, the United States government is reportedly in the early stages of developing regulatory guidelines for the popular cryptocurrency and the entire crypto industry. Sources familiar with the matter told FOX Business’ Charlie Gasparino that the upcoming regulation, which will focus on crypto infrastructure and taxation, is being led...Read More
Several months after its parent company implemented cryptocurrency purchases, Venmo has done the same for its multi-million user base. The company has added four digital assets so far – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). According to a press release from today, the New York-based mobile payment service is the latest large name...Read More
According to on-chain analytics provider Glassnode, it is customary for Bitcoin markets to flush out excess leverage and that is exactly what has happened over the past few days. A large number of traders increased their leverage exposure in anticipation of the Coinbase direct listing last week. This increase the risk of a long squeeze...Read More
Asset manager Rothschild investment Corp has acquired 265,302 shares from the Grayscale Ethereum Trust, a purchase worth $4.75 million. According to an SEC filing on April 15, the firm also bought an additional 8,000 shares of the Grayscale Bitcoin Trust (GBTC), now owning a total of 38,346 shares. Not The Rothschild You Think Rothschild Investment...Read More
Jubilant Foodworks, the organization that operates the franchise of Domino’s Pizza in India and several other countries, have reportedly experienced a significant data breach. The hackers offer to sell sensitive information on the dark web, and they asked for a payment of 10 bitcoins. A Security Breach at Domino’s India According to a recent report,...Read More
TIME Magazine has doubled down on its cryptocurrency endeavors by enabling bitcoin and other assets to be used as a form of payment for digital subscriptions. The innovation comes a few weeks after the New York City-based magazine partnered with Grayscale to produce educational crypto videos and be paid in BTC. TIME Readers to Purchase...Read More
China is a country well-known for its support toward the ‘blockchain not bitcoin’ narrative. The country attempted to clamp down on cryptocurrencies more than once, but it appears that it’s now softening its stance, even taking a somewhat positive approach towards Bitcoin. Bitcoin as an Alternative Investment Tool Speaking at the Boao Forum for Asia...Read More
Bitcoin dumped 12.5% in a matter of hours over the weekend sliding from $61,450 in late trading on Saturday to bottom out at $53,750 the following day according to Tradingview. Monday morning Asian trading has seen the asset recover somewhat but analysts are looking at what may have caused the cascade that resulted in $10...Read More
Chinese police officers have confiscated nearly $4 million in various cryptocurrencies after a raid against several developers that operated a decentralized gambling app built on the EOS blockchain. $3.8 Million in Crypto Seized After receiving tips of suspected illegal activity involving the developers of the dApp called Biggame, the Jiangsu police department opened an investigation....Read More
This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value...Read More
It should be no surprise that more traditional corporations join the crypto fever by investing in bitcoin or adopting blockchain technology. Brevan Howard, a European hedge fund, is the latest asset manager to join the movement. Bloomberg reported that the asset manager is preparing to invest $84,000,000 in digital assets, representing 1.5% of its $5.6...Read More
Ripple’s CTO, David Schwartz, has been gradually offloading his bitcoin position for years and is currently left with about 2% of his entire stack. During a recent Twitter threat, he outlined the significance of taking profits while blasting the narrative that investors can’t lose money if they don’t sell during a bear market. Ripple’s CTO...Read More
Speaking at a conference with several crypto-friendly corporations, PayPal’s CEO Dan Schulman revealed that the company is looking to expand its crypto-services as digital currencies take a leading role in the financial system. Schulman joined the “2021 Blockchain 50 Symposium: Crypto Goes Corporate“, together with dozens of executives from the technological and financial space, including...Read More
Top-tier digital assets manager Grayscale has seen an increase in the value of its total AUM (Assets Under Management) to above $50 billion as bitcoin’s price marked a new all-time high recently. The Grayscale Bitcoin Trust (GBTC) is now worth over $41 billion, while the Ethereum Trust (ETHE) holds over $7.4 billion. The Road to...Read More
Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus...Read More
The exponential growth of bitcoin and the entire cryptocurrency sector has caught the attention of global regulators, noted Kraken’s CEO, Jesse Powell. Speaking to CNBC, the executive warned of potential crackdowns, especially after the threats coming from the US government. Regulatory Crackdowns on the Crypto Industry? The cryptocurrency industry has been on a roll since...Read More
The number of companies filing to receive approval to launch a Bitcoin ETF in the US continues to increase with the addition of Mike Novogratz’s Galaxy Digital. If approved, the Galaxy Bitcoin ETF will trade on the NYSE Arca exchange. Based in New York, Galaxy Digital is a diversified financial services firm dedicated to the...Read More
Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The...Read More
Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM) AUM Growing As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings...Read More
The narrative that cryptocurrencies are not used as payment methods continues to be debunked, with numerous companies enabling such transactions lately. One of the largest Canadian brokers, Matrix Mortgage Global, is the latest to introduce payments with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and some stablecoins. Mortgage Payments with Crypto Founded in...Read More
Mike Novogratz, a veteran investor, and a huge Bitcoin supporter noted the U.S. is currently in a good economic position. Still, the nation can face a major competitive disadvantage unless it engineers a digital dollar soon. The Importance Of An E-Dollar Novogratz, chief executive of digital merchant bank Galaxy Digital GLXY, underlined the value that...Read More
Caruso, one of the largest estate companies in the US, has entered the BTC space with an undisclosed investment. The organization also revealed it will begin accepting bitcoin as payment for rent following a partnership with Gemini – the cryptocurrency exchange founded by the Winklevoss twins. Pay Rent with Bitcoin Without specifying the precise amount,...Read More
This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing...Read More
The popular multi-asset DeFi platform powered by Kava Labs has optimized its network with the release of the Kava 5.1 upgrade. The company cited enhanced earnings from lending and decreased risks as the main benefits from the update. Kava 5.1 Arrives The software protocol enabling its users to utilize multiple crypto assets to borrow and...Read More
A year after the release of XAUt – a commodity-backed token pegged to gold – Bitfinex has announced the launch of a perpetual contract for the trading pair Tether Gold/Bitcoin. The new product will be settled in BTC and will offer up to 100x leverage for users. XAUt/Bitcoin Perpetual Contract on Bitfinex Launched in 2012,...Read More
America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval. According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund...Read More
Robinhood, a popular U.S. crypto brokerage app, announced that it recorded an almost six-fold increase in the number of users that traded cryptocurrency using its platform in Q1 2021. In a blog post published on Thursday (April 8, 2021), Robinhood noted that 9.5 million users carried out crypto trading via the platform in the first...Read More
Russian cryptocurrency investors have started complying with authorities to provide information about their crypto dealings and pay the stipulated taxes. According to a report by local news outlet Izvestia, several accounting and legal firms, including FTL and PwC, noted that they had recorded a surge in compliance with the tax legislation. Cryptocurrencies Are Properties The...Read More
