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
According to legal documents republished on Scribd, law firm Roche Freedman has filed a formal complaint against Ledger and Shopify on April 6 on behalf of two lead plaintiffs. Ledger suffered a number of data breaches in 2020 and one was linked to e-commerce platform, Shopify, which hosts the company’s stores and products. Ledger admitted...Read More
