The fear among many is that there will be a repeat of the colossal market crash that occurred after similar futures products were first launched by the massive exchange for Bitcoin in December 2017. Futures effectively allow institutional traders to short the asset, and considering Ethereum is hovering around its all-time high, this is quite...Read More
This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day. Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days,...Read More
The world’s leading payment processor, Visa, has announced a partnership with First Boulevard – a digital neobank that is focused on building generational wealth for the Black Community. The aim of this collaboration is to pilot Visa’s new suite of cryptocurrency API’s that will enable the company’s customers to purchase, custody, and to trade digital...Read More
Bitcoin failed to recover in the past seven days, and it marked a further decline of about 8%. This has its current price hovering around $32,000, and its dominance has declined to 64.1%. But before we take a look at what this means for the altcoin market, let’s see what happened with BTC. The cryptocurrency...Read More
The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC). BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the...Read More
This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months. Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went...Read More
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether. With this in mind, below is a comprehensive summary of what happened and what to...Read More
Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump. Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it. The History Of Trump’s Social Media Bans...Read More
The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more. Bitcoin For Corporation Coming In February The company’s founder...Read More
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets. In case someone loses their private keys (essentially a password for the wallet), this could...Read More
Over the past seven days, Bitcoin gained more than $11,000 to break above the coveted mark of $40,000. Meanwhile, the entire cryptocurrency market cap surged above $1 trillion for the first time in history. The week started off with bitcoin’s price trading around $29,000, but no one was expecting what happened next. Day after day,...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
Grayscale Investments has removed XRP from its diversified public crypto fund — Grayscale Digital Large Cap Fund (DLC). The move could be yet another fallout from the current enforcement action by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Nixes XRP, Reallocates Liquidated Position According to an announcement, Grayscale revealed that it removed...Read More
In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin. Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if...Read More
The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering. CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field –...Read More
Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors. According to an SEC document on...Read More
A user on crypto twitter going by the handle ‘Jimmy McShill’ [@JimmyMcShill] posted screenshots of files that have been uploaded to forums purportedly contacting the ‘full database’ of Ledger customer’s emails, phone numbers, and addresses; ⚠️⚠️ Uhh shiit! A hacker is dumping the full @Ledger database dump for free on raidforums! Emails, phone numbers and...Read More
This was the week the entire cryptocurrency community has been waiting for. Bitcoin finally broke $20,000, setting a fresh new all-time high. But it was far from being done yet. After breaching the coveted $20,000 mark, BTC went on a rampage, taking down one target after another. Before the run was finally calmed down, the...Read More
With bitcoin climbing to new all-time highs, the cryptocurrency has garnered the attention of centralized financial institutions. Goldman Sachs Group Inc. offered its views on the market and said that BTC’s rise shouldn’t threaten gold’s position as the inflation hedge of choice as both assets can coexist. Bitcoin And Gold Can Coexist Ever since bitcoin’s...Read More
On December 18, Coinbase Global announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC). The announcement cites Form S-1 which is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any company or security that meets...Read More
Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC. UK Asset Manager Replaces Gold With BTC The...Read More
Approximately a month before leaving the White House, President Donald Trump is reportedly considering pardoning Silk Road founder Ross Ulbricht, who’s serving a double life sentence plus 40 years. This happens as the “free Ross” campaign has picked up steam, with many new people signing the online petition to release him from prison. Trump To...Read More
Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps. CryptoPotato reported in October that the Tokyo District Court had issued...Read More
The personal address of Hugh Karp, the founder of the Ethereum-based insurance provider Nexus Mutual, has been drained for over $8 million worth of the NXM token by an already registered user. Despite the attack, Nexus Mutual has reassured that the customers’ funds are safe. Nexus Mutual Founder Drained For $8M In NXM The popular...Read More
While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000. Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%. During the week, BTC managed to...Read More
A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform. DBS Digital Assets Officially Announced CryptoPotato reported in...Read More
XRP holders are eligible for the upcoming SPARK token airdrop. Below is everything you need to know about it and the exchanges that have announced support for it. The XRP community is getting excited about the SPARK (FLR) token airdrop as the date draws near. Only users who hold XRP are eligible for the airdrop,...Read More
The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia. Launching a Cryptocurrency Custody Business for Institutional Investors According to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial...Read More
According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030. Square Invests $10 Million As a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which...Read More
Following a weekend dip into mid-$18K territory, Bitcoin prices have recovered to top $19K once again and are currently trading just below $19,300. A range-bound channel appears to have formed in this range as the asset fails to top the psychological $20K barrier. It’s highest price as recorded by Tradingview.com was a touch over $19,900...Read More
