Popular mobile payments platform Square announced today that it has agreed to acquire Australian financial technology company Afterpay via a multi-billion recommended court-approved “Scheme of Arrangement.” Square to Acquire Afterpay for $29B The Jack Dorsey-led company said the deal would see it acquire all of Afterpay’s issued shares for $29 billion (A$39 billion) based on...Read More
Though the Justice Department declined to comment for the article, Bloomberg was able to report last week that the DOJ is investigating U.S. banks and the backers of popular stablecoin USDT. There is some ongoing speculation about how this might affect bitcoin’s price. What’s Supposedly Going on With Tether and the DOJ? The Justice Department...Read More
According to a new law coming into effect next week, some German investment funds will be able to hold up to 20% in digital assets. This comes amid growing demand from various institutions towards the industry. Germany’s Next Crypto Move As per a Bloomberg report from July 30th, Spezialfonds – German investment funds with fixed...Read More
The multi-asset investment platform, eToro, which plans to go public later this year, has listed Shiba Inu (SHIB). The company argued that the decision came following substantial demand from customers. Founded in 2006, eToro is an Israeli social trading and multi-asset brokerage company with offices in several European countries, the US, and Australia. The firm...Read More
The financial institution Wealthfront announced it would expand its menu of digital asset investments by including Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). Additionally, the company would provide more solutions to its customers with cryptocurrencies different than BTC and ETH. Wealthfront Customers Can Now Invest in GBTC and ETHE The California-based investment provider...Read More
GoldenTree Asset Management, a US asset management giant with $45B in AUM, has reportedly purchased portions of the primary cryptocurrency. The move aims to diversify some of the organization’s already existing strategies. Founded over two decades ago, GoldenTree is an asset manager headquartered in New York City with offices in numerous other important financial cities...Read More
As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem. To maintain their importance in this industry, payment processors like Mastercard and Visa intend to use their large client base and international reach to attract both government and private entities when they are testing their...Read More
Leading cryptocurrency exchange Binance has completed the integration of Polygon mainnet to support deposits and withdrawals of the mainnet token of the Ethereum-scaling network. Binance Now Supports MATC Mainnet Token According to a press release shared with CryptoPotato on Friday, Binance users will now be able to make deposits and withdrawals with the MATIC mainnet token. ...Read More
The NASDAQ-listed software giant MicroStrategy has seen a total impairment loss of nearly $700 million in Q2 2021 from its massive bitcoin investments. As this is only on paper, though, the company pledged to double down on its BTC strategy and continue to accumulate more. MicroStrategy’s Q2 BTC Impairment Loss Michael Saylor’s brainchild has become...Read More
BTC’s recent 9 daily candle streak to the upside has been very impressive. We have been tracking the third-largest BTC whale wallet and found interesting activity and signals. The whale entity, at one point, held over 116,841 BTC. Its current total BTC holdings stand at 113,841. The recent sales from this address since April 2021...Read More
Investing in a meme coin like Dogecoin is like putting your funds on red or black in a casino, said the popular investor – Kevin O’Leary. He went even further in a recent interview, indicating that it has no inherent value and should be classified as pure speculation. O’Leary: Dogecoin is Pure Speculation The meme...Read More
The world’s leading cryptocurrency exchange has announced that it will cease providing futures and derivatives products in three European countries. Users from the Netherlands, Italy, and Germany have three months to close their positions. According to an announcement from July 30th, customers from the aforementioned countries cannot open new futures accounts on Binance with “immediate...Read More
According to data from on-chain analytics provider Glassnode, Bitcoin exchange balances have dropped to the lowest levels since the deep crypto winter of late 2018. Market analyst, Will Clemente, has observed the metric noting there have been two more large outflows over the past 24 hours. “Two massive outflows today: one worth 23,530 BTC this...Read More
The American lawmakers proposed new cryptocurrency taxation that would raise nearly $28 billion in extra tax revenue. As part of it, digital asset investors in the US would have to report transactions that exceed $10,000 to the International Revenue Service. The Senate Aims to Collect More Taxes According to a recent Bloomberg report, the American...Read More
It seems the number of crypto users has doubled since January 21 this year, according to research on global crypto adoption by Crypto.com. The report gathered information from 24 leading crypto exchanges using on-chain data based on various parameters —identifying over 220 million users by the end of June. February and May were the months when the...Read More
The International Monetary Fund opined that risks and costs outweigh the potential benefits of digital assets. They can also be highly volatile, and thus their implementation as national currencies is not suitable for now. Cryptocurrencies Are Not Related to The Real Economy The International Monetary Fund (IMF) warned in a recent publishment that digital assets...Read More
The American financial institution State Street Corporation will reportedly start offering digital assets services for its private-fund clients. The bank’s partner in the move is the back-office crypto-focused technology company – Lukka Inc. State Street Dives Deeper into Crypto According to a recent Bloomberg report, the leading US bank – State Street Corporation – is...Read More
PayPal will reportedly take another step in its cryptocurrency endeavors and roll out a “super app wallet” for its American users. The company will launch the upgraded version in the upcoming months. Additional Crypto Capabilities for PayPal Clients The Chief Executive Officer of the company – Dan Schulman – revealed during PayPal’s Q2 2021 Earnings...Read More
The Vice President of Ghana – Dr. Mahamudu Bawumia – opined that embracing cryptocurrencies would be beneficial for the trade sector on the African continent. He believes that digitization is the tool that will help the economies to revive again after the devastating consequences of the COVID-19 pandemic. Digital Currencies Can Improve Trade During the...Read More
The popular multi-purpose cryptocurrency application, Blockfolio, has now officially rebranded to FTX. The change will have no impact on the customer user experience. As reported by CryptoPotato last August, the cryptocurrency derivatives exchange FTX acquired Blockfolio in a deal worth $150 million. The two companies are taking their partnership a step further, as the popular multi-purpose application...Read More
One of the largest industrial-scale Bitcoin mining operators globally, Genesis Digital Assets, made the announcement on July 28. The firm stated that it had secured a $125 million round of equity funding to support “aggressive expansion plans.” The round comes from the U.K.-based private equity fund Kingsway Capital. The fund is focused on frontier emerging...Read More
Although he made his fortune trading penny stocks and manipulating the markets, Jordan Belfort, the trader who inspired the iconic movie “The Wolf of Wall Street,” is currently not very happy with a lot of what’s going on with the crypto industry. In a recent interview he explained in detail what excites him and what...Read More
During the first half of 2021, the ETH volume surged by more than 1,400% totaling $1.4 trillion, while BTC’s increased by 489%, reaching a total of $2.1 trillion. ETH Beats BTC for The First Time Coinbase took data from 20 trading venues and released a report, where it informed that Ether’s trading volume spiked by...Read More
It’s been two months since Ethereum’s co-founder Vitalik Buterin shocked the entire crypto community with his $1 billion Shibu Inu (SHIB) donation to the COVID-Crypto Fund in India. However, cashing this in revealed to be troublesome, according to the fund’s creator. Only $20M Have Been Disbursed But to date, only an infinitesimal portion of the...Read More
Saber, a cross-chain stablecoin and wrapped tokens exchange built on the Solana protocol, recently announced that it had raised $7.7 million in a just-concluded seed funding round led by Race Capital. Saber Secures Funding From Industry Investors Other venture capital firms that participated in the equity funding round include Jump Capital, Multicoin Capital, Chamath Palihapitiya’s...Read More
On July 26, Democrat senator Elizabeth Warren sent a letter to U.S. Treasury Secretary Janet Yellen asking for greater regulation for cryptocurrencies. If she had her own way, they would be banned outright. At a July 27 hearing of the Senate Banking Committee labeled “Cryptocurrencies: What are they good for?”, Warren continued to lambaste digital...Read More
Developer’s of the privacy token Monero (XMR) have found a bug that breaks its transaction privacy, according to recent tweets on Monday. The official Monero Twitter account warned users of a “rather significant bug” in the Decoy system. The bug was at first discovered by software developer Justin Berman when he found out that if...Read More
In an effort to drive crypto adoption in the United States, Dash, an open source cryptocurrency forked from the Bitcoin protocol, has recently launched a retail savings app dubbed DashDirect. Dash Launches DashDirect Savings App In its official announcement today, Dash revealed that the new app will allow DASH holders to spend their coins at...Read More
Global payment giant Mastercard has introduced a new Start Path startup engagement program for cryptocurrency and blockchain companies, with the aim of improving innovation and increasing crypto adoption. Seven Crypto and Blockchain Companies Join Startup Program In a press release on Tuesday (July 27, 2021) Mastercard revealed that seven cryptocurrency and blockchain startups have joined...Read More
To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs. Solana Unveils Hackathon with Over $80k in Prizes In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3...Read More
