As the number of underbanked people continues to increase, Tala has partnered with Visa to onboard several individuals who do not have access to basic financial services into the crypto economy. Announcing the move in a press release yesterday, Tala partnered with Stellar Development Foundation (SDF) and popular stablecoin issuer, Circle, for the project. Under...Read More
Mike Novogratz, in a research report, stated that Dogecoin is “the most honest shitcoin”, calling it a “store of value” for young people wishing to express a “little bit of a middle finger to the system”. Dogecoin’s Recent Price Action DOGE has entered a steep and stunning climb during the past few months, going from...Read More
In an announcement on May 5, the leading provider of crypto financial intelligence, Coin Metrics, stated that it had concluded a Series B funding round of $15 million. In addition to Goldman, which added Bitcoin to its returns report last month, investors included some big names in crypto venture capital such as Castle Island Ventures,...Read More
The South Korean cryptocurrency exchange platform V Global was accused of luring 40,000 people into illicit multi-level deceit. The entire scheme amounts to more than 1.7 million won, which equals $1.5 billion. The Investigation As reported by the Korean officials, the police raided many places in the country related to a virtual cryptocurrency exchange, and...Read More
Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by...Read More
The cryptocurrency space continues to expand beyond its borders as Grayscale has partnered with the professional American football team, the New York Giants. As a result, the largest crypto asset manager will become the “Presenting Sponsor” of the NFL team’s charity foundation. The four-time NFL champions announced the collaboration with Grayscale earlier today in a...Read More
Crypto custody firm New York Digital Investment Group said that soon US banks would have the opportunity to buy, hold and sell BTC through their existing accounts. NYDIG also added that it would launch other services such as benefits paid in the cryptocurrency and a new type of bank account, which gives dividends in BTC....Read More
Galaxy Digital Holdings, the cryptocurrency-focused financial services company ran by Michael Novogratz, has agreed to purchase the digital asset custodian BitGo. Both parties commented that the acquisition aims to enhance institutional investors’ crypto experience. Founded in 2013, BitGo is a digital asset trust and security company headquartered in California. In the following eight years, the...Read More
May 5 is the day that Uniswap announced for the launch of its latest version 3 upgrade. The new version will introduce a number of new features targeting capital efficiency. Layer 2 scaling is not included in this upgrade but will be launched soon according to Uniswap Labs. Some of the upgrades in version 3...Read More
People’s Bank of China and Alibaba Group’s affiliate Ant Group have joined forces to create a platform supporting the central bank digital currency. According to Global Times, PBoC has been working together with Ant and Tencent for the last three years on developing the e-CNY. A Move Towards e-CNY VOA News announced on May 3rd...Read More
The head of Binance, Changpeng Zhao, recently gave his comments on the two largest cryptocurrencies – BTC and ETH. According to him, people nowadays need alternative coins for the new type of transactions, which may drive the price of ether up. CZ also predicted that many central bank digital currencies would be very different than...Read More
Major online marketing platform eBay has revealed that it is considering accepting cryptocurrency as a payment method while also exploring the non-fungible tokens (NFT) industry. eBay Mulling Adding Crypto Payment Option Speaking in a CNBC interview on Monday (May 3, 2021), eBay CEO Jamie Iannone stated that the e-commerce giant is looking at adding other...Read More
Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal...Read More
Popular cryptocurrency exchange Bitstamp has announced that it will be expanding its United States operations, following a groundbreaking feat recorded in the country in the first four months of the year. Massive Growth in Q1 Highlighting its achievements within the period, Bitstamp said in a press release shared with CryptoPotato today that new customer signups...Read More
With the impending taxation of cryptocurrency gains in South Korea, a recent poll showed that most citizens are in favor of such a rule. When it came down to age, though, the younger generations were significantly less opened to the idea of getting taxed for their crypto trading. South Koreans Support Crypto Taxation The East...Read More
The popular cryptocurrency wallet MetaMask warned its customers of a new phishing bot that attempts to get their seed phrases. According to the team, the fraud tries to lead users to a so-called ”instant support” portal where they are prompted to enter information into a Google Docs form. The New Scam MetaMask – a project...Read More
The Binance Smart Chain powered DEX has surged in popularity in recent months as DeFi newbies flock to the platform to avoid paying heavy gas fees on Ethereum. Figures from on-chain data providers indicate that the record figures for BSC and PancakeSwap have indeed surpassed that of the Ethereum network, despite its record price high...Read More
While urging investors to treat bitcoin and other cryptocurrencies with caution, Deutsche Bank’s CIO, Christian Nolting, said the industry is “here to stay.” However, the executive sees the impending launch of CBDCs as a major threat to bitcoin in terms of serving as a currency. Instead, he outlined the asset’s similarities to gold and its...Read More
WisdomTree Investments, a NY-based fund manager, has launched a physically-backed Ethereum ETP on two European stock exchanges through its local subsidiaries. This becomes the organization’s second crypto-related ETP released in the past month, after an exchange-traded product following the performance of Bitcoin. WisdomTree’s ETH ETP Live in Europe Headquartered in New York, WisdomTree Investments is...Read More
As the bull market rages on, it’s easy to get caught up in success stories. However, it’s paramount to know that it’s not all rainbow and butterflies – losses happen, and they hurt, especially if you’re not prepared or overtrade. An investor tweeted about how he lost his entire $185k portfolio in just 3 weeks....Read More
Legendary stock market investors Warren Buffet and Charlie Munger spoke at Berkshire Hathaway’s annual meeting, talking briefly about cryptocurrencies and the effects of the new trading era on the global psyche. Buffett’s Thoughts and Munger’s Rant Warren Buffett expressed his displeasure at people who treated markets like a casino, claiming that it encouraged a gambling...Read More
Choosing stock of gold mining companies instead of shares of firms investing in bitcoin has caused an underperformance for BNY Mellon’s tech-focused funds. The giant US bank outlined MicroStrategy – the company owning over 90,000 bitcoins – as the biggest missed opportunity. BNY Mellon’s Funds Performance In recent filings with the US Securities and Exchange...Read More
Following a trial against the recently arrested suspects connected to the infamous Thodex crypto exchange, a Turkish court has sent six people to jail. The brother and the sister of the company’s CEO, who reportedly escaped with $2 billion of users’ funds, were among them. Actual Jail for Six Suspects The $2 billion crypto scandal...Read More
The National Project Management Agency of the Presidency of the Republic of Uzbekistan, or NAFT, published plans to remove some of the crypto restrictions in the country. The government agency proposed to allow local residents to purchase digital assets for both domestic and foreign currency inside the former Soviet republic. Will Crypto Return in Uzbekistan?...Read More
Shortly after Coinbase became a publicly-traded company, some of its long-term backers sold their portions and netted significant profits. Such is the case with Union Square Ventures and the Intercontinental Exchange, as both pocketed more than $1 billion. ICE Sell Off Coinbase Shares CryptoPotato reported in mid-April the significant milestone in the entire cryptocurrency industry...Read More
Coinbase is to purchase the UK-based crypto resource firm Skew to enhance its efforts for providing real-time actionable data analytics to traders and institutions. Both parties said that Skew’s platform will be integrated with Coinbase Prime. Founded in 2018 in London, UK, Skew is a cryptocurrency-oriented data analytics company providing investors with “modern, credible, and...Read More
IOHK and World Mobile have teamed up on an initiative that will use Cardano’s blockchain to create digital identities, mobile internet connection, and financial acceptance to communities in Tanzania. Tanzania To Benefit From Cardano The continent of Africa, consisting of 1.3 billion people, has a huge problem with Internet connection. As revealed, more than half...Read More
Ethereum prices hit another all-time high of $2,800 in late trading on April 29 according to Tradingview. It has built upon a move that has added 14% to ETH prices since the same time last Friday. According to Santiment, the gap between the two assets in terms of market share is now tighter than ever....Read More
U.S. regulators are looking for ways to organize and adapt their laws to the rapidly changing world of cryptocurrencies. A bill to create a joint force between the SEC and CFTC to better understand and regulate cryptocurrencies has already been passed in the House and is ready to be introduced in the Senate. The Eliminate...Read More
The Federal Service in the USA arrested a Russian-Swedish citizen Roman Sterlingov on suspicion of laundering nearly $336M in bitcoin for the last 10 years. The criminal will appear in court and face three charges – money laundering, money laundering without authorization, and unlicensed money transmission. The Fraud Over The Last 10 Years According to...Read More
