The San-Francisco-based blockchain company Ripple may still have more issues to deal with, as one of its lead investors involved in the company’s Series C funding has filed a lawsuit following the U.S. SEC’s allegations. Ripple Gets Hit From the Inside According to Bloomberg, on Tuesday (Jan. 5, 2021), Tetragon Financial Group, an investment company...Read More
Macro investor Raoul Pal, CEO and Co-Founder of Real Vision Group thinks Bitcoin will soar to $1 million in roughly five years’ time. He believed that with the asset’s restricted supply, market demand will always be in Bitcoin’s favor. The former Goldman Sachs investment banker claimed that Bitcoin’s price-performance will continue to draw more interest...Read More
Blockstream’s CSO, Samson Mow, thinks that institutional investors decide to buy Bitcoin regardless of its price movements. The Bitcoin maximalist took to Twitter on 5 January to explain that entities seeking to buy the digital asset do not plan to buy BTC at a particular price. Instead, heads of such institutions plan to purchase a...Read More
A few of the market’s altcoins like Polkadot and FTX Token rose to record levels over the last few trading sessions, while Bitcoin Cash was registering a correction, one that saw the price move towards the $415-mark. Bitcoin Cash [BCH] Source: BCH/USD, TradingView A look at Bitcoin Cash’s 4-hour chart showed that the cryptocurrency was...Read More
Banks in Sweden are now concerned with regard to the country’s proposed CBDC project, the e-krona, which they believe could have a significant impact on their industry. Sweden, which is seeing a decline in the use of cash for payments, is set to finalize a decision on whether to pursue its CBDC, the e-krona, by...Read More
The popular blockchain project Stellar has signed a Memorandum of Understanding and Cooperation with the Ministry of Digital Transformation of Ukraine to explore and develop virtual currencies and a CBDC. The native cryptocurrency has reacted with a massive surge by almost 40% a day after the announcement. Stellar And Ukraine To Work On Digital Assets...Read More
The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million. That is close to 88.6% of the total supply. Now, even though each token is worth close to $31k, understanding the state of liquidity gives a better perspective of its value. According to Glassnode’s latest report, illiquidity is on a rise in...Read More
Justin Sun, Founder and CEO of TRON, recently took to Twitter to dispel rumors that Tron was in the middle of extensive regulatory scrutiny in the United States and China. According to Sun, neither the TRON Foundation nor BitTorrent has received any notice of regulatory proceedings from any regulatory agency, with the exec adding, “We...Read More
Some of the market’s altcoins like Monero and Dash failed to recoup their losses after Bittrex’s delisting announcement last week. However, XMR and DASH weren’t the only ones as Ethereum Classic too projected a southbound move as the market bears sought control of the prices. Monero [XMR] Source: XMR/USD, TradingView Monero seemed to be reeling...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
The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeFi TVL in dollars amounted to $18.3 billion, at press time, according to DeFi pulse. Image Source: DeFi Pulse Although Bitcoin attracted several major...Read More
After Bitcoin retraced some of its gains over the last 24 hours, altcoins like BAT and Zcash followed suit and suspended their own northbound movement, entering a consolidation phase on the price charts. Finally, Litecoin was projected to move slightly lower on the charts too. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin picked up steadily on...Read More
Crypto asset manager Grayscale announced today that it has removed XRP from its digital large-cap fund, in the wake of US Securities and Exchange Commission accusing Ripple and co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over $1.3 billion through an unregistered “securities offering.” The firm stated that it had sold all XRP...Read More
How the times have changed. And apparently, so has The Financial Times. Consider this – A recent edition of the mainstream paper had Bitcoin take precedence and dominate the front page. The headline read, “High flyer: Bitcoin value tops $30,000.” Now, while the article does sound catchy and pretty, one must remember that FT wasn’t always...Read More
Popular crypto-exchange FTX is in the news today after it listed $GBTC, $ETHE, and $BITW Spot and Futures. These are tokenized versions of Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Bitwise Index (BITW). The listing of these particular tokenized spot positions on FTX represents the first time a centralized exchange has carried out...Read More
There was a strong surge in Ethereum price above the $900 and $1,000 levels. ETH price broke the $1,100 level and settled well above the 100 hourly simple moving average. A new multi-month high was formed near $1,160 before the price corrected lower sharply. The main resistance is now forming near $1,120, above which, ether price might rally significantly....Read More
BitFarms, a publicly-listed Bitcoin mining operation in Canada, has raised funds amounting to CAD $20 million from U.S-based institutional investors in its latest investment round. According to a press release shared with AMB Crypto, the company entered into subscription agreements with certain institutional investors via a private placement comprised of 8,888,889 common shares, along with...Read More
Bitcoin’s price has gone on an impressive run in the last few weeks, accelerating at a parabolic rate. Despite the most recent correction, the asset is still trading somewhat solidly above the $30,000 mark, charting an impressive increase of 310% since the same time last year. Yet, Warren Buffett’s longtime partner, Charlie Munger, is still...Read More
Popular American VC firm Andreessen Horowitz, more commonly known as a16z, is in the news today after it filed a response urging FinCEN to withdraw its proposed rule or at the very least, extend the comment period attached to it. The comment period should be extended so that FinCEN “can engage in a meaningful consultation...Read More
Two more companies that could be affected by the recently proposed FinCEN crypto regulations, namely Square and Andreessen Horowitz, have confronted the legislation. Both believe that the industry requires clear rules but asserted that FinCEN has failed in its rushed attempt. Square Goes After The FinCEN Crypto Regulations CryptoPotato reported recently that the US Treasury’s...Read More
[Featured Content] Crypto.com has recently announced Crossfire, a dry run of its Mainnet. It’s aimed at stress-testing the network in a real-world and practical environment ahead of the public release. This marks an important milestone and is essentially the final step in the preparation for the mainnet launch. Having said this, Crypto.com invites users to...Read More
[Featured Content] The field of decentralized finance (DeFi) continues to expand, dismissing a lot of speculative notions that last year’s advance was a bubble-like move. According to data from DeFi Pulse, the total value locked in various DeFi protocols exceeds $17.8 billion – an increase that continues in the new year of 2021. Leading the...Read More
On the back of consistent price surges over the last week, it seemed that Bitcoin, Ethereum, and the rest of the market were finally registering some corrections on the charts. However, that wasn’t to last as the larger crypto-market hiked after the U.S Treasury’s Office of the Comptroller of the Currency (OCC) issued an interpretive...Read More
The WikiLeaks Bitcoin donation wallet has received BTC from multiple people even as a London court has denied Julian Assange’s extradition to the U.S. based on health concerns. WikiLeaks has a history of attracting BTC donations, with Assange’s plight resonating with early adopters who share libertarian ideals. WikiLeaks Bitcoin Donation Wallet Holds over $600K in...Read More
Strategists at the leading U.S. bank have been crunching the numbers and comparing Bitcoin to traditional store of value assets such as gold. Led by Nikolaos Panigirtzoglou, the analysts suggested that Bitcoin’s current market capitalization of around $580 billion would have to rise by 4.6 times to create a theoretical price of $146,000. This would...Read More
The U.S. Office of the Comptroller of the Currency (OCC) has published more crypto-friendly guidelines allowing greater participation by regulated financial institutions in the industry. US Banks Can Now Use Stablecoins and Blockchains for Settlement In a press release issued on Monday (Jan. 4, 2020), the OCC revealed its decision to allow Federally chartered banks...Read More
