The British police confiscated £180 million or about $250 million worth of digital assets as part of a thorough investigation for money laundering. The operation was marked as the largest seizure ever executed in the United Kingdom. Breaking The Record According to a recent Reuters report, the Met’s Economic Crime Command made one of the...Read More
A few weeks after the initial filing with the US Securities and Exchange Commission, Capital Group’s allocation in MicroStrategy has become official. The giant financial firm with over $2 trillion in AUM has bought nearly 1,000,000 shares in the business intelligence company holding more than 100,000 bitcoins on its balance sheet. The financial services company...Read More
The native token of Synthetix, SNX, increased in value once the protocol’s Layer-2 debut was announced. In the previous ten days, the price of (SNX) has risen by +87.4 percent. The most recent increase of 25% occurred over the weekend, following the team’s announcement that it would launch on Optimism this month. For Ethereum, this...Read More
[PRESS RELEASE – Stockholm, Sweden, 13th July 2021] Qtum, an open-source public blockchain platform, has partnered with Travala.com, the leading cryptocurrency-friendly travel booking gateway. With such a move, Qtum is offering yet another onramp for QTUM token holders to capture value through new real-world applications. The partnership aims to continue promoting cryptocurrency adoption with over...Read More
The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The announcement from Grayscale states that as of October 1st, 2021, BNY Mellon will become an official partner...Read More
With the London hard fork just around the corner, Ethereum price appears to be in trouble. The launch of the EIP-1559 upgrade is also approaching, yet the coin’s price remains in the bearish zone. The cryptocurrency ETH/USD struck a high above $2400 last week, but it has now reversed lower from that peak on July...Read More
[PRESS RELEASE – Please Read Disclaimer] The recent crypto market is generally in a period of adjustment. Many altcoins follow the price of Bitcoin, and the trend of ups and downs is roughly the same. In such circumstances, trading altcoins is also a good opportunity, though the price of them is not as valued as...Read More
The digital arm of financial services giant Fidelity Investments is working towards boosting its workforce by 70% in response to increasing institutional demand for cryptocurrency. In an interview with Bloomberg on Monday (July 12th, 2021), the President of Fidelity Digital Assets, Tom Jessop, revealed that apart from hedge funds and family offices, retirement funds and...Read More
On-chain analytics provider, Glassnode, has detailed the current state of the Bitcoin network which appears to be fundamentally strong, despite the lethargic price action. Labeling it an “impressively quiet week” the company confirmed that volatility is diminishing as BTC remained range bound between roughly $34,900 and $32,500. “It is starting to feel like the calm...Read More
China’s crackdown on cryptocurrency mining has wreaked havoc on the Bitcoin mining industry, but some are looking to turn the crisis into business opportunities by offering profitable and sustainable alternatives in more cryptocurrency-friendly locations. The search for alternative sustainable Bitcoin mining solutions intensified after Tesla CEO Elon Musk announced that his company would stop accepting...Read More
