Cardano’s Alonzo testnet went through a hardfork yesterday. Alonzo White, as the effort is called, was successfully implemented, so let’s examine what’s next for the network. Alonzo White Hardfork Successful In a Twitter update from yesterday, IOHK revealed that the Alonzo testnet went through a successful hardfork called Alonzo White. “We’ll monitor the new network...Read More
Although numerous banking organizations have restricted their users from interacting with Binance, Visa and Mastercard have reaffirmed their belief in the world’s largest crypto exchange. With the growth of its services and popularity, Binance attracted regulatory scrutiny from various global watchdogs, as CryptoPotato explained recently. While the exchange’s attempts to enhance its compliance requirements continue...Read More
More than three years after its launch, the popular derivatives exchange has decided to enter the cryptocurrency spot market as well. The trading venue will release such services on July 15th to all customers with zero maker fees. Bybit Enters the Spot Crypto Space Established in early 2018, Bybit is a derivatives exchange offering traders...Read More
Despite his legendary status within Crypto Twitter, the creator of Dogecoin, Jackson Palmer, doesn’t tend to interact much with the community. He usually shows up, makes a statement, causes a stir, and disappears. Today, in one of his occasional rants, Palmer decided to talk about the degeneration of the crypto community and why he has...Read More
With cryptocurrencies taking center stage in the financial industry in recent months, a new survey has revealed that an increasing number of UK residents are considering adding crypto assets to their investment portfolios in the coming months. UK Adults Consider Buying Crypto The research was conducted by Ziglu, a UK-based money app, and cryptocurrency platform....Read More
The global payments giant Visa has approved the issuance of a physical debit card that will allow Australians to spend their bitcoins at local stores and leisure venues. The inovation will enable customers to make direct purchases with crypto instead of converting digital assets to fiat money. First BTC Spending Card in Australia According to...Read More
The Chairman of the Federal Reserve of the United States, Jerome Powell, said today that the country is working on a publisher’s report on digital currencies. The Fed Chair said that the incoming report would focus on digital payments “broadly.” Per his words, this also includes stablecoins, crypto-assets, and central bank digital currencies (CBDCs). We’re...Read More
The European Central Bank will start an investigation phase of a digital euro project, which will last 24 months after years of dabbling with the idea. The organization promised privacy protection and also lower energy consumption than Bitcoin. Although the idea of a central bank digital currency has floated around for years, the ECB has...Read More
By partnering with the German online retail platform comdirect, 21Shares AG will enable investors to purchase BTC and other digital assets for their savings accounts. Crypto as a Saving Option 21Shares AG, the Swiss-based investment product issuer, has partnered with the large German online brokerage – comdirect – to bring its cryptocurrency exchange-traded products, or ETPs,...Read More
Several months after greenlighting a Bitcoin ETF, Brazil’s watchdog has done the same for a product tracking the performance of the second-largest cryptocurrency – ETH. The fund will be managed by QR Asset Management. As local media reported, the CVM has given a nod of approval for the second cryptocurrency-oriented exchange-traded fund. The Ethereum ETF...Read More
Yesterday, the S&P Cryptocurrency Broad Market Digital Index (BDM) was launched by S&P Dow Jones Indices (S&P DJI). The new index is composed of multiple other subset indices. S&P DJI’s New Crypto Indices The BDM offers a general overview of how the broader cryptocurrency market is performing. At launch, it already tracks over 240 digital...Read More
In an announcement on the company blog on July 13, Coinbase stated that the Polygon Network is now available on the Coinbase Wallet mobile app and extension, and more scaling solutions are coming. Coinbase claims that more than a million of its wallet customers are using DeFi protocols such as Uniswap, Compound, and Aave, and...Read More
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 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
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
Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies. Wellbots Now Accepts BTC Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and...Read More
Gaming developers employing the services of Community Gaming will be able to take advantage of enhanced scalability through a new collaboration with the popular blockchain-based Layer 2 protocol – Polygon. Community Gaming Partners with Polygon Describing itself as an “all-in-one platform offering esports infrastructure to all key stakeholders in the industry,” Community Gaming is a...Read More
After the Bitcoin and Ethereum Trusts, Grayscale’s Digital Large Cap Fund has also filed and been approved to become an SEC-reporting product. Additionally, the largest digital asset manager has filed three more Registration Statements with the Commission. Grayscale Investments, the large cryptocurrency asset manager, filed a Registration Statement on Form 10 with the Securities and...Read More
Hive Blockchain Technologies Ltd, the cryptocurrency mining firm that went public in 2017, has purchased more than 3,000 mining devices. The machines, MicroBT WhatsMiner M30S, should increase the firm’s overall Bitcoin hash rate by nearly 50%. HIVE Buys 3,019 Miners The company announced its latest purchase in a press release on July 12th. The equipment...Read More
One of the largest financial institutions in South Korea – Woori Financial Group – will offer crypto custody services to its clients. Its banking unit – Woori Bank – will launch the initiative in a partnership with the fintech solutions provider – Coinplug Inc. Woori Bank Dives into Crypto According to a report from The...Read More
Hisham Chaudhary – a sales consultant from Leicestershire, United Kingdom – was found guilty of transferring bitcoin to the terrorist organization IS. The man will wait until September 3rd to hear his sentence. BTC Supplies for The IS The British broadcast news organization – BBC News – reported recently that a jury at the Birmingham...Read More
The Swedish resident – Roger Nils-Jonas Karlsson – pleaded guilty to luring at least 3,575 people into a fraudulent Bitcoin investment scheme. According to the investigation, he embezzled more than $16 million from his illegal actions and will spend the next 15 years in federal prison. The Pension Plans Turned out to Be a BTC...Read More
With Grayscale Bitcoin Trust (GBTC) biggest BTC unlocking event scheduled to happen in the middle of July, many market analysts and traders are worried about the potential effects of this event on bitcoin’s price and the crypto market in general. However, crypto trading firm, QCP Capital, believes the unlocking will not pose any significant threat...Read More
Approximately 8 out of 10 wealth managers and institutional investors from the US, France, Germany, the UAE, and the UK said they would enhance their crypto exposure between now and 2023. 40% of them plan to “dramatically increase their holdings.” High Hopes on Crypto A recent survey conducted by a European investment manager dedicated to...Read More
The cybersecurity firm Lookout detected numerous crypto mining scams employing hundreds of fake Android applications. The fraudulent scheme affected at least 93,000 people and stole more than $350,000 from them. Stealing Money Instead of Mining Crypto According to a recent report, the security company Lookout discovered 172 bogus Android applications meant to be used for...Read More
Nearly half of the UK residents aged between 18 and 29 admitted that their first investment was in digital assets. However, more than 50% of the youngsters used debt to purchase cryptocurrencies. Crypto is Attractive for The Young Britons A recent poll conducted by Opinium for the investment platform Interactive Investor revealed that 45% of...Read More
Crypto influencers will no longer be allowed to promote crypto projects on TikTok after the popular social network released new guidelines on Friday. TikTok Bans Crypto Ads Updating its Brand Content Policy, TikTok noted that all the following forms of financial services and products are now banned from the social media platform: cryptocurrencies, trading platforms,...Read More
