Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated. The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the...Read More
Following milestone partnerships with sports teams in Europe, ChiliZ have their eyes set on conquering the United States. The fintech platform will open a new office in one of the world’s major commercial cities, New York. ChiliZ To Set Up New York Office Maltese blockchain giant, ChiliZ is scaling up operations after securing several partnerships...Read More
A large investor in Telegram’s failed Open Network (TON) has reportedly requested $100 million in compensation from the company. Otherwise, the investor – Da Vinci Capital – has warned with taking legal actions against the messaging platform. TON Investor Demands $100M Telegram’s TON initiative was among the most widely-discussed blockchain-related projects in the past few...Read More
The meme coin that exploded in popularity recently, Dogecoin, has reached another milestone as the Bitcoin ATM provider CoinFlip decided to list the token on 1,800 cryptocurrency ATMs in the United States. Dogecoin Coming to 1,800 ATMs Started as a joke digital token inspired by Shiba Inu, Dogecoin took the world by storm in the...Read More
The growing in popularity “I changed my mind on bitcoin” club has another prominent representative. The Canadian businessman and star of Shark Tank, Kevin O’Leary, went from calling BTC garbage to allocating 3% of his portfolio in the asset. O’Leary Has Bought Bitcoin Born in Montreal, Canada, O’Leary is a popular businessman, author and is...Read More
The popular hardware wallet provider, Ledger, has added Polkadot to its wide variety of supported tokens. Additionally, Ledger will also enable users to stake DOT coins directly on the platform, thus increasing the total number of staking options to five. Ledger Adds Polkadot and DOT Staking Founded in 2014, Ledger is a digital asset wallet...Read More
Yet another attempt for a US-approved Bitcoin ETF is on the horizon coming from the Chicago Board Options Exchange (Cboe). The organization’s filing with the SEC aims to build on a previous S-1 filing initiated by VanEck. CryptoPotato reported in late 2020 that the US investment giant with about $50 billion in AUM, VanEck, has...Read More
Late on Monday, March 1, Cardano announced the successful upgrade of the network stating that it is a key milestone in its ongoing rollout. It added that the update introduces core Goguen features of native token functionality and multi-asset support. Goguen is a major upgrade stage on the Cardano roadmap which introduces smart contracts and...Read More
In a 100-page deep-dive report dubbed “Bitcoin, at the Tipping Point,” Citibank’s global perspectives and solutions team noted that the cryptocurrency could potentially “become the currency of choice for international trade.” The analysts acknowledged that the massive interest shown by several large institutional investors like Tesla, Microstrategy, and PayPal is one of the major propellants...Read More
Reports on Reuters today revealed that American multinational investment bank, Goldman Sachs, will offer bitcoin futures and non-deliverable forwards on behalf of its clients starting next week. According to sources familiar with the matter, the move is part of the bank’s effort to take advantage of the fast-growing crypto space, which is gradually becoming an...Read More
The giant social media platform Twitter has announced plans to raise $1.25 billion through a convertible senior notes offering. Although the company breached “corporate purposes” as the main reason, cryptocurrency proponents speculated if the firm could pull a MicroStrategy and allocate the funds in BTC. Twitter to Raise $1.25B According to a press release from...Read More
A few months following a Cardano integration, the DLT project Wolfram Blockchain Labs (WBL) has done the same with Tezos. As a result, developers working on blockchain analytics and computational contracts will be able to employ the Tezos network. WBL Integrates Tezos WBL is a provider of distributed ledger technology (DLT) solutions that support the...Read More
FD7 Ventures, the cryptocurrency-oriented fund that recently vowed to dispose of its BTC holdings for ADA and DOT, has set up a $250 million micro-fund focusing on investments in teams working on the ecosystems of Polkadot and Cardano. FD7 Goes to India for DOT and ADA Based in Dubai, UAE, FD7 is a crypto-oriented investment...Read More
Tether, the company issuing the most widely-used stablecoin, USDT, has revealed that it got a ransom demand for 500 BTC. The sender has threatened the company to leak documents to the public that would “harm the bitcoin ecosystem.” Tether Gets a 500 BTC Ransom Demand Tether, the issuer of the popular USDT stablecoin, took it...Read More
Futures contracts allow institutional investors to hedge against future price movements of an asset with the possibility of shorting them. Just like with Bitcoin, the Chicago Mercantile Exchange launched its products when Ethereum was trading on its way to an all-time high. It is unsurprising then that the first month of trading futures has been...Read More
What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions. Philippine Digital Asset Exchange (PDAX) suffered a flaw that led to bitcoin...Read More
The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made arguments to justify the decision, with several notable figures weighing in on the subject. Nigeria’s Vice President, Prof. Yemi Osinbajo is the latest to share...Read More
Polkadot, the interoperable blockchain protocol spearheaded by Ethereum co-founder Gavin Wood, has announced its forthcoming parachain launch. Parachains – application-specific blockchains that connect to the main network and benefit from its security and computing capacity – are viewed as the building block of Polkadot’s ecosystem. Initially, the plan was for 100 parachain slots, with an...Read More
As cryptocurrencies continue to pick up steam and encompass the features of regular asset classes, governments have likewise imposed taxes on capital gains from digital currency. South Korea is the latest country to adopt this initiative. Its Ministry of Economy and Finance said it will levy taxes on cryptocurrency profits from next year. The South...Read More
A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum. Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch...Read More
The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California,...Read More
New York City-based asset manager Stone Ridge has filed documents with the US Securities and Exchange Commission on behalf of its diversified alternatives fund to introduce BTC as the seventh investment strategy. According to the filing with the SEC, the addition will become effective on April 26th, 2021. However, it doesn’t necessarily mean that the...Read More
Dubai-based cryptocurrency investment fund currently sitting on $1 billion in AUM believes that the value of Cardano and Polkadot will be higher than that of BTC in the upcoming years. Consequently, the fund has announced plans to dispose of $750 million of its Bitcoin holdings and expand its exposure to ADA and DOT instead. Crypto...Read More
The narrative that investors should allocate 1% of their portfolio in bitcoin as a hedge has received support from strategists representing the giant US multinational investment bank – JPMorgan Chase & Co. The analysts also highlighted the evaporating liquid supply, as giant institutions and corporations are purchasing substantial quantities rather rapidly. JPM Suggest: Put 1%...Read More
Having more than $3.3 billion in Bitcoin is not enouch for Michael Sayloer, … He’s addicted to (or in love with) Bitcoin and wants more of it, the cries of alarm by many financial market analysts. Speaking as a guest on a panel at Bloomberg Crypto Summit this Thursday, Saylor assured that right now, his...Read More
In a blog post on Feb. 26 titled “Crypto goes mainstream” the retail trading app revealed that it had seen six million new customers on Robinhood Crypto so far this year. The number of new monthly customers buying from its crypto platform in 2021 is 15 times the 2020 average. “By comparison, this number peaked...Read More
After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq. CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to...Read More
In a blog post on Feb. 25 titled “Coinbase is a decentralized company, with no headquarters”, CEO Brian Armstrong stated that the firm has moved to a ‘remote first environment’. No HQ = Decentralized? He added that 52% of their employees have joined the company in a ‘post-office world’ and 95% of them have the...Read More
The head of the Bank of Korea, Lee Ju-yeol, said that Bitcoin and other major cryptocurrencies lack intrinsic value. However, he believes that all assets will continue to experience significant price fluctuations. Price Surge Because of Pro-BTC Institutional Investors? The chief of the Bank of Korea said cryptocurrencies, including Bitcoin, do not possess inherent value....Read More
The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects. The UK Should Turn To Crypto And SPACs? Born...Read More
