Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin’s price shot up by almostd 20%, to once again hover just under the $40,000 mark. During the same period, the institutional investment firm added 4,618 BTC to its portfolio at a current value ofRead More →
One of the most interesting trends surfacing in the crypto industry today is the increasing likelihood of Bitcoin emerging as the next global reserve currency – something that Bitcoin fundamentalists have been preaching for the last decade. With the combination of transparency and decentralized trust brought on by theRead More →
Anthony Scaramucci’s multi-billion-dollar hedge fund, SkyBridge Capital, has submitted a formal application with the United States securities regulator to launch a new Bitcoin (BTC) fund. The Form D for an exempt offering appeared on the Securities and Exchange Commission’s website on Monday. The proposal lists “SkyBridge Bitcoin Fund L.P.”Read More →
What does Bitcoin’s latest hike tell us about its investors? Bitcoin has been in the news for all the right reasons lately. With 2020 drawing to a close, the coin has managed to do a repeat of the 2017 bull run and in the process, it has managed toRead More →
Only 22% of bankers and financial investigators feel confident detecting crypto-related payments, according to blockchain analytics and cryptocurrency intelligence company – CipherTrace. During a webinar on “How Cryptocurrency Intelligence Tipped the Scales in 2020 Sanctions Evasion,” over 500 attendees from various financial institutions were asked if they felt confidentRead More →
Almost 2 weeks after Ethereum 2.0 beacon chain went live, over 1.4 million ETH have been staked on the deposit contract, with 31,000 active validators and 13,000 in the activation queue. While the ensuing period since hasn’t been too development-heavy, according to some like developer Ben Edgington, ‘no news’ isRead More →
Researchers from the University of Bern have released a report claiming Ripple’s consensus protocol “ensures neither safety nor liveness.” In a blog posted yesterday from the university’s Cryptology and Data Security Research Group, researchers Christian Cachin, Amores-Sesar, and Jovana Mićić released an analysis alleging the payment firm’s consensus protocolRead More →
Bitcoin, the world’s largest cryptocurrency, is in the news again after American economist and popular crypto-critic Nouriel Roubini claimed that it had no intrinsic value, adding that BTC is heavily manipulated. Taking to Twitter on Thanksgiving Day, the crypto-skeptic, in fact, also went on to blame retail investor FOMORead More →
As the spot market once again began to consolidate, the decentralized finance [DeFi] sector has been witnessing a surge after bottoming out last week. Year.finance [YFI] has been a popular DeFi project that has been witnessing a great surge in the market over the past couple of weeks. EverRead More →
German soccer club FC Bayern Munich, which plays in the country’s Bundesliga, is entering the world of blockchain-based fantasy soccer. The Ethereum blockchain-based fantasy soccer game Sorare, which Bayern joined this week, already counts over 100 participant clubs, including high-profile names such as Paris Saint-German, Juventus, PSG, and Atletico Madrid. FC BayernRead More →
While some in the community continue to question the outcome of the US Presidential election, mainstream media outlets and the Associated Press have definitively called the race for former Vice President and current President-Elect Joe Biden. But with uncertainty out of the way, traders and analysts are now lookingRead More →
A few days ago, Bitcoin ended the month of October by closing above $13,700. This was big news since this was the highest monthly close since the historic bull run back in 2017-18. A high close at a time when Bitcoin is not massively leveraged and when exchange reservesRead More →
Less than a month after Brian Armstrong declared Coinbase should “be laser focused on achieving its mission,” he seemingly violated his own policy by tweeting a political post riddled with falsehoods… during business hours. In an Oct. 23 tweet from Armstrong’s personal account, the Coinbase CEO posted a linkRead More →
According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas. In previous cycles, whale activity coincided with significant price movements at crucialRead More →
National Police of Tenerife arrested Santiago Fuentes who is accused of defrauding up to 32,000 people in an alleged bitcoin scam, amounting to the tune of about 850 million euros (over $1 billion). The accused is the director of a called ArbiStar 2.0, which is based in Playa LasRead More →
PayPal Chief Executive Dan Schulman said the company aims to “meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.” PayPal PayPal Holdings Inc. plans to allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments.Read More →
The first governance vote for decentralized exchange (DEX) Uniswap has ended in failure, despite the proposal attracting overwhelming support of 98% of votes cast. Despite this, it fell roughly 1% short of the 40 million votes threshold needed for approval by the close of voting. The poll ended earlierRead More →
The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when itRead More →
A Bitcoin (BTC) sell-off and associated price fall are “not going to happen,” a well-known the CEO of a well-known analytics tool has said. In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to exchanges were staying low despite BTC price gains.Read More →
Bitfinex Derivatives today announced the launch of perpetual contracts for EOS, Litecoin, and Polkadot. According to a press release received by AMBCrypto, trading went live on Bitfinex on 12 October at 9:00 AM UTC. Under this offering, each contract will be promising users up to 100x leverage and willRead More →
The European Commission’s newly proposed cryptocurrency regulations pose a specific risk for the decentralized finance industry, according to industry regulatory adviser XReg Consulting. Adopted by the European Commission on Sept. 24, the proposed Markets in Crypto-Assets, or MiCA, regulations aim to strengthen consumer and investor protection in the crypto industry byRead More →
September was an eventful month for the crypto-market, to say the least, with the month seeing a major crypto-exchange hack among a host of other developments. However, despite the quarter ending as it did, Bitcoin did witness its second-best Q3 close in history. $150M drained from KuCoin: BTC downRead More →
The much-anticipated digital Euro is in the news again as a member of the Executive Board of the European Central Bank, Fabio Panetta, announced in a blog today that Europe “must prepare to introduce a digital euro to complement its cash payments.” Acceptance of a digital euro by theRead More →
Venezuela’s National Securities Regulator has approved a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country, which aims to operate globally in the face of international sanctions. Cointelegraph Espanol reports that news of the approval of Venezuela’s decentralized stock exchange was published in the country’s official gazette,Read More →
Following a $50 million capital raise and reverse merger, digital finance company Diginex’s stock has listed on the Nasdaq exchange under the ticker EQOS. Diginex is “the first Nasdaq-listed company that covers the full virtual currency ecosystem,” Diginex CEO Richard Byworth told Cointelegraph in an interview. “I think thisRead More →
