Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now. The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good...Read More
Faced with growing currency devaluation, institutions are adopting bitcoin as a store of value. Bridgewater Associates’ founder, Ray Dalio, has set aside his skepticism for bitcoin to explore this possibility. Dalio Applauds Bitcoin In a recent newsletter, he expressed his admiration for Bitcoin, stating that its longevity is “an amazing accomplishment.” “To have invented a...Read More
Popular blockchain company, Blockstream has purchased $25 million worth of MicroBT’s WhatsMiner M30s Bitcoin mining hardware. Blockstream stated in an announcement that it plans to deploy the hardware across its various mining facilities located in the United States and Canada. A Top Secret Mining Facility Furthermore, Blockstream disclosed that it would allocate some of the...Read More
The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) of its Class A common stock. The firm expects the Form S-1 filed with the US Securities and Exchange Commission to become effective after the Commission completes its review. Coinbase Aims For Direct Public Listing CryptoPotato reported in December that...Read More
The Government of India seems to have resumed its efforts to ban cryptocurrencies after a lull in a political and legal battle. The latest move by politicians came this week when they revealed a bill that could put any activity related to cryptocurrencies in checkmate. If Cryptocurrencies Are Legal, a Law Can Make Them Illegal...Read More
The Grayscale Ethereum Trust, which offers its institutional and accredited investors to take advantage of private placements on several occasions throughout the year, has reopened the initiative of its shares. Grayscale announced resuming the Ethereum Trust private placement earlier, thus enabling accredited investors to allocate funds into the company’s product following the second-largest cryptocurrency. Private...Read More
The veteran U.S. cryptocurrency exchange, Bittrex Global, has recently announced that it will now start offering the tokenized stocks that have been delisted from several trading platforms like Robinhood following the GameStop saga. According to a Friday report, the exchange has decided to list tokenized stocks for Gamestop (GME), AMC Entertainment (AMC), Nokia, BlackBerry, and...Read More
Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself. Bitcoin is Still Untested During a recent interview, BlackRock founder and CEO Larry Fink expressed his...Read More
The off-chain decentralized computation platform Cartesi has launched a layer-2 solution to work on top of the Ethereum blockchain. The so-called Optimistic Rollups aims to decrease the high transaction fees by orders of magnitude and support scaling by taking computational demands off-chain. Cartesi’s Optimistic Rollups For The ETH Network The Ethereum network, arguably the most...Read More
The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.” Robinhood’s Restrictions Reach Crypto Following the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred...Read More
After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem. CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed...Read More
Upon announcing its Q4 2020 results, the large NASDAQ-listed business intelligence company MicroStrategy vowed to continue with investing excess cash in bitcoin. Furthermore, Michael Saylor’s firm plans to explore other approaches that will enable it to allocate even more funds in BTC. MicroStrategy’s To Buy Even More BTC? Described as the “largest independent publicly-traded business...Read More
The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price for bitcoin skyrocketed. Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio. As a result, the price for the cryptocurrency has skyrocketed above $34K gaining...Read More
Blockfolio has long been a favorite for crypto traders as it provides a handy place to track their assets, trades, and profits (or losses) over time. The app has a reported user base of around 6 million so it has a good head start over rivals. It is also launching with zero fees which will...Read More
Ameritrade, a popular US-based trading platform owned by Charles Schwab, and Robinhood, an American financial service company, have suspended GameStop (GME) trading following the recent controversy. Simultaneously, the former SEC Chair Jay Clayton said that the traditional financial markets need significant readjustments as they are not functioning in everyone’s best interest. Ameritrade And Robinhood Halt...Read More
To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines. As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street...Read More
With nearly 90% of investments located in its Bitcoin Trust, Grayscale could be providing new diversification products to its institutional investors. Recent filings in Delaware revealed that the company has registered for new cryptocurrency products for the privacy-oriented coin Monero and three DeFi tokens – Polkadot, Cosmos, and Aave. According to the filings made by...Read More
Guggenheim Partners CIO Scott Minerd has shared another warning of possible Bitcoin declines. The Wall Street executive predicted a massive correction, dragging the primary cryptocurrency down to $20K. He pointing out that institutional interest is not enough to stabilize BTC above $30K. Institutional Demand is Not Enough Institutional interest towards Bitcoin will not be enough...Read More
The giant social media platform Reddit has doubled-down on its blockchain and cryptocurrency involvement with a new partnership with the Ethereum Foundation. As a result, Reddit plans to utilize the Ethereum network to create larger-scale applications like the Community Points introduced last year. Reddit Doubles-Down On Blockchain CryptoPotato reported last year that the San Francisco,...Read More
The price for the popular meme coin, Dogecoin (DOGE), went flying today. The cryptocurrency skyrocketed by almost 90% in just a couple of hours after the ‘Chairman’ of the now popular Wall Street Bets group tweeted about it. About a couple of hours ago, the ‘Chairman’ of the popular Wall Street Bets group asked whether...Read More
UNI prices reached their highest ever levels of $15.50 a few hours ago according to Coingecko. The move has added 5% on the day while most other high cap crypto assets are retreating in the shadow of their big brother. UNI has now made a whopping 60% over the past seven days and almost 300%...Read More
Digital asset management outfit Arca has secured $10 million in Series A funding as the company sets out to bootstrap its expansion in the emerging fintech scene. Crypto asset management firms are also seeing increasing inflows as investor appetite for digital assets continue to grow. RRE Ventures Leads $10M Arca Funding Round Arca announced the...Read More
Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees. The Booming DeFi Space...Read More
The “Bitcoin is dead” narrative has received the support of many naysayers and doubters over the years, especially in times when the cryptocurrency’s price has fallen sharply. So far, the hundreds of such assumptions have turned out to be wrong, and recent statistics showed that the number of doubters dropped significantly in 2020, as the...Read More
Coinbase asks FinCEN to pause last year’s rulemakings for cryptocurrency businesses. Shortly after, the agency officially extended the deadline for comments by another 45 days. Crypto Regulations to Wait Major digital currency exchange Coinbase has sent a letter to the Financial Crimes Enforcement Network (FinCEN) to hold up the planned crypto regulations. The US-based venue has...Read More
On Monday, Marathon Patent Group announced that it bought 4,812.66 BTC, worth $150 million, through the New York Digital Investment Group (NYDIG). Merrick Okamoto, Marathon’s chairman & CEO, noted that the investment would help them accelerate the process of turning the company into a “facto investment choice for individuals and institutions who are seeking exposure...Read More
Venture capital coin is flowing into DeFi like never before as another trading platform hits its target for fundraising. The non-custodial Ethereum-based exchange dYdX has announced that it has raised a $10 million Series B round led by Three Arrows Capital and DeFiance Capital. New investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group,...Read More
Global regulators have always branded cryptocurrencies, especially bitcoin, as a tool for illicit activities such as money laundering and crime financing. Even the newly-confirmed US Treasury Secretary Janet Yellen recently raised concerns over the same issue. Experts like ECB President Christine Lagarde and Shark Tank’s Kevin O’Leary have also called for a unified global regulatory...Read More
Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday. An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.” As part of the settlement, fellow co-founder and rival...Read More
India is looking towards adopting blockchain technology for remote voting. This comes despite the country’s stance against cryptocurrency trading. Blockchain Technology in India’s Voting Process According to The Wire, on Monday (Jan. 25, 2020), Sunil Arora, India’s Chief Election Commissioner (CEC), announced the plans to use blockchain technology in a mock trial for remote voting....Read More
