In an announcement on Feb. 17, Coinbase stated that it was opening a waiting list for customers that wish to participate in ETH 2.0 staking. “By joining the waitlist today, customers will be first in line to earn ETH2 staking rewards. Getting rewarded with different cryptocurrencies is one of our top requests.” ETH2 staking rewards...Read More
Jim Bullard, President of the St. Louis Federal Reserve, has dismissed the value proposition of Bitcoin (BTC) based on some of the oft-quoted advantages claimed by BTC proponents. Speaking to CNBC on Tuesday, Bullard remarked that the Federal Reserve viewed Bitcoin as more of a rival to gold than an actual currency. According to Bullard,...Read More
Peter Schiff, a well-known economist, gold proponent, and one of the most vocal opponents of Bitcoin, admitted that he was wrong about Bitcoin not hitting $50,000. Bitcoin’s Price Hits $50K For the First Time in History For the absolute first time since its inception, Bitcoin has hit the coveted $50,000 mark. The price has since...Read More
The United States Securities and Exchange Commission (SEC) and Ripple, the fintech company behind the third-largest cryptocurrency, XRP, have clearly stated that there will not be any settlement on the current lawsuit against Ripple prior to the official trial date. No Prospect For Settlement Both parties made this statement in a discovery letter dated February...Read More
Verge, a privacy-centric cryptocurrency, reportedly suffered an attempted 51% attack, causing a massive blockchain reorganization, which wiped off over six months of transactions. 200 Days Worth of Verge Transactions Wiped Off The issue was first revealed by Antoine Le Calvez, chief data engineer at blockchain research company Coin Metrics. Tweeting on February 15, Le Calvez...Read More
Uniswap (UNI) has become the first decentralized exchange (DEX) to reach $100 billion in cumulative trading volume as the appetite for the decentralized finance (DeFi) market continues to grow. Meanwhile, the UNI token recently set a new all-time high, with the platform now boasting about $4 billion in total value locked (TVL). Uniswap Crosses $100B...Read More
The billionaire CEO of Tesla shocked the entire crypto community on Twitter with an enticing offer he presented to major DOGE holders in his most recent engagement. Too Much Concentration He noted that the only thing hindering Dogecoin from becoming the “official currency of the internet” is its high level of concentration among a few...Read More
The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation. Institutional Interest as the Long-Awaited Sign for Crypto Regulations US Securities and Exchange Commission (SEC) commissioner Hester...Read More
A bitcoin investment worth $1,200 following the first stimulus checks sent by the US government in April 2020 would have skyrocketed by more than 600% until today to over $8,500. Although this is a spectacular growth for less than a year, the same investment put in Ether would have presented an even better ROI of...Read More
American singer, songwriter, and entrepreneur, Lindsay Lohan is the latest celebrity to openly endorse cryptocurrencies. Just three days ago, she announced the sale of her NFT, Bitcoin ‘Lightning,’ and now, it seems she is getting fascinated by the DeFi world. There appears to be a widespread bitcoin frenzy in the music scene. While Hip Hop...Read More
Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon. According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors. Sourcing people familiar with the matter, the report says...Read More
While the $1.5 billion bitcoin purchase from Tesla caught most crypto insiders and outsiders by surprise, Binance CEO Changpeng Zhao actually predicted the move over a month ago. Simultaneously, full-time BTC basher Peter Schiff was wrong (again) as he said that Elon Musk would not be “dumb enough” for such a move. CZ Was Wright...Read More
CREAM Finance, one of the more popular projects in the field of Decentralized Finance (DeFi), has been exploited. The price for its CREAM token has dropped by 30% in less than a few minutes after the news broke out. The official Twitter account of CREAM Finance revealed earlier today that the protocol has been exploited....Read More
While the US still fights the idea of an ETF tracking the performance of BTC, the Ontario Securities Commission (OSC) has approved an application from the financial services company Purpose Investments Inc. to launch such a product in several Canadian territories. The approval document reads that Purpose Investments filed the prospectus under Multilateral Instrument 11-102...Read More
In another bit of bullish news over the past few days, the CEO of one of the world’s largest social media platforms – Twitter’s Jack Dorsey, and renowned artist Jay-Z, have set up a 500 BTC trust to fund Bitcoin development with a primary initial focus on Africa and India. Shawn Corey Carter, better known...Read More
Speaking publically, Suarez thanked the city of Miami commissioners for supporting his resolution to procure a vendor to be able to offer employees the option to receive a portion of their salaries in Bitcoin. He added this allows our residents to pay for fees in Bitcoin and would also allow the city manager to cooperate...Read More
With more institutional investors indicating interest in cryptocurrencies in recent times, Bank of New York (BNY) Mellon has announced that it would be offering crypto-related services later this year. Bank of New York To Hold Bitcoin The New York oldest bank stated in The Wall Street Journal today that it will hold, issue, and transfer...Read More
A 19-year old UK resident was jailed for a drug trafficking operation. He had participated in an attempt to import ecstasy bought with Bitcoin on the Dark Web. Buying Dark Web Ecstasy with Bitcoin The 19-year-old drug dealer is to serve two years in prison after a police investigation discovered he has been dealing with...Read More
The explosive growth of Non-Fungible Tokens (NFTs) has opened up the blockchain industry to a new realm of endless possibilities. They have allowed for the existence of rare assets reminiscent of those in our conventional world, and virtual reality gamers are throwing their weight behind by splurging on these assets. An Axie Infinity gamer recently...Read More
Credit card giant Mastercard said that it would soon start supporting crypto payments on its network later in the year. Mastercard’s Merchants Soon to Accept Crypto According to a blog post by Master card on Wednesday (Feb. 10, 2021), the company revealed that would support a select number of cryptocurrencies in 2021, adding that crypto...Read More
In an effort to enter emerging markets, Amazon Inc. appears to be readying to deploy a new payments system involving “Digital and Emerging Payments (DEP)”. The project has yet to be officially announced, but Amazon has hinted at it across a series of recent job posts. “We are looking for a leader to help us...Read More
The CEO of the world’s largest digital asset manager, Grayscale, says that the demand from institutions has only accelerated in 2021. He also said that the narrative for large corporations to jump on the Bitcoin bandwagon has shifted from “why” to “why not.” Why Not Buy Bitcoin? A couple of years back, the cryptocurrency community...Read More
While Tesla’s $1.5 billion bitcoin purchase shook the world, a Reddit user also caused disturbance as it seemed that he predicted the move a month before it was announced. Giant mass media outlets like Reuters and Bloomberg picked up on the story, but the user later admitted that it was a prank, and he was...Read More
Tesla’s massive $1.5 billion BTC purchase could be too risky for other large corporations to follow, argued JPMorgan Chase & Co strategists. They reasoned with bitcoin’s volatility that could prevent more old-school investors and individuals from allocating funds in the crypto asset. Corporations May Not Follow Tesla, JPM Says Elon Musk’s electric vehicle and clean...Read More
Elon Musk, the latest billionaire to jump on the BTC bandwagon for his company, Tesla, has openly criticized a cryptocurrency wallet called Freewallet app. The executive lashed out on Twitter and urged digital asset investors to steer clear from wallets that don’t provide them with the private keys. Elon Musk’s Security Tip For Crypto Investors...Read More
Robert Ophèle, chairman of France’s financial regulatory body, the Autorité des Marchés Financiers (AMF), proposed a robust approach regarding cryptocurrecy regulations in order to encourage the growth and development of innovative projects. AMF Chairman Proposes Blockchain and DeFi Testing in Pilot Regime Speaking at the just concluded 5th Annual Conference Fintech and Regulation, Ophèle stated...Read More
The founder of DeFi Pulse, Scott Lewis, has taken it to Twitter to reveal that the founders of 1inch Exchange have been permanently banned from their spaces. In a Twitter thread shared an hour ago, the founder of the most popular DeFi monitoring resource, DeFi Pulse, has said that the founders of 1inch Exchange have...Read More
The popular Layer-2 scaling solution for the Ethereum blockchain, Matic Network, has rebranded its project to Polygon. Upon the name change, Polygon also announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. Matic Network Becomes Polygon Known as Matic Network until today, the project serves...Read More
In a document filed with the United States District Court of New Jersey, Binance dropped the lawsuit filed against Forbes in November 2020. The case was in response to Forbes’ story, where it alleged that the cryptocurrency exchange was brewing plans to exploit United States investors through a sham company. Binance, through its attorneys, Peter...Read More
The regulated stablecoin fully backed by the US dollar, Stably USD (USDS), will launch on the popular public blockchain – Tezos as a part of an ongoing collaboration between the two parties. The stablecoin issuer aims to target lower fees with the Tezos network, which recently went through an upgrade that decreased the costs by...Read More
