A Bitcoin exchange-traded fund is something that the cryptocurrency community is looking forward to for quite some time. Unfortunately, the US Securities and Exchange Commission is not on the same page yet. The United States Securities and Exchange Commission rejected two proposals to list and trade shares of spot Bitcoin exchange-traded funds, according to Reuters. The...Read More
The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment...Read More
Yoon Suk-Yeol – a member of the Conservative party – won the South Korean presidential election. The new political leader of the East Asian country has demonstrated a pro-crypto stance. Not long ago, he vowed to increase the minimum threshold for paying capital gains tax on profits from digital asset investments. South Korea to Become...Read More
A Satoshi-era bitcoin address holding 489 coins has been activated after over 11 years. The last time a transaction occurred at the wallet was in 2010, when the BTC in it was worth $50. HODLing Over The Years or Something Else? According to the popular crypto data analytics platform Whale Alert, the bitcoin address has...Read More
The leading cryptocurrency exchange – Kraken – will give $1,000 in bitcoin to each Ukrainian citizen who opened an account on the platform before March 10th. The initiative is designed to help those in need after Russia launched its “special military operation” in the country. Kraken’s Support to Ukrainians The list of companies, trading venues,...Read More
The Major Soccer League participant Nashville SC partnered with the digital asset investment manager Valkyrie Investments. The latter vowed to pay its sponsorship fee entirely in bitcoin. The First MSL Team to Accept BTC Sponsorship Payment One of the leading American soccer teams – Nashville SC – dived in the world of crypto by signing...Read More
The third-largest Bitcoin whale, whom CryptoPotato has been tracking for quite some time, has added another $28 million worth of BTC in the past couple of days. The third-largest Bitcoin whale remains an unknown entity that hasn’t been identified. Although some speculate that it might be a cold wallet for an exchange, its activity doesn’t support this...Read More
Bitcoin’s price soared in today’s Europe early morning trading session. The cryptocurrency jumped past $41K on a leaked press release containing information on President Biden’s expected administrative order on crypto. BNN Bloomberg reported earlier today that there’s been a press release leaked on The Treasury Department’s website. The statement has since been removed, and a spokesperson...Read More
Credit Suisse – a Switzerland-based global investment bank – released a report yesterday predicting radical change to the global monetary system. Given western inflation dynamics and eastern geopolitical tensions, the firm expects a “new monetary world order” based on commodity-backed currencies to emerge – in which Bitcoin will likely benefit. Breton Woods III The analysis...Read More
The popular Canadian rapper Aubrey Drake Graham, better known as Drake, made a $275,000 bitcoin bet on a UFC fight. Unfortunately for him, Jorge Masvidal (his pick for a winner) lost the match. Betting on The Underdog Last weekend’s fight between Jorge Masvidal and Colby Covington was the main event of UFC 272. The match...Read More
Louisiana state legislature is considering a bill to facilitate crypto contributions to political campaigns. Sponsored by Republican Party Representative Mark Wright, the bill seeks to lay down a legal framework for making cryptocurrency donations to political parties and political leaders. Crypto Contribution for Political Campaigns House Bill No. 170 intends to “allow a candidate to receive...Read More
While investors disputed whether Bitcoin was a safe haven despite Russia’s assault on Ukraine, the King cryptocurrency remained around $40,000. Advertisement Ether fell 0.4 percent to $2,669. Dogecoin was down 1% at $0.125566, while Shiba Inu was up 2.4 percent at $0.00002487. Polkadot and Solana were mixed during the last 24 hours, leading cryptocurrencies lower....Read More
The cryptocurrency lending platform – BlockFi – surveyed over 1,000 American women to determine their awareness and sentiments towards the digital asset sector. Per the results, every third female plans to invest in crypto by the end of the year, while 60% said they will purchase in the next three months. Women Making Their Way...Read More
Scooter Braun – an American media mogul and the manager of Justin Bieber, Ariana Grande, and Demi Lovato – reportedly sold his luxurious property in Texas for $18.5 million worth of bitcoin. The deal marked the biggest cryptocurrency real estate transaction in the state’s history. A House in Exchange for Bitcoin Similar to other market...Read More
The crypto space is extremely volatile as huge price variations do occur every now and then. Bitcoin for an instance was speculated to hit $50,000 at the earliest while it cleared the $45,000 level. Woefully it remained for only a short while, where the bear became proactive and dragged the price below $40,000. Despite a...Read More
The global crypto market is on a quest for a moonish run. That would propel the digital assets from the industry to all-time highs. Where the crypto market’s valuation peaked at $3 trillion. Successively, folks from the crypto town have set their hopes on the star crypto Bitcoin. Which holds the potential to kickstart an...Read More
Lugano, a city in southern Switzerland, has introduced Bitcoin and Tether in addition to its own LVGA Points token as legal tender. The initiative was backed by the collaboration between Tether Operations Limited, the tech company behind the largest stablecoin by market capitalization, USDT. Tether and the City of Lugano plan to work toward the...Read More
The US food chain giant Shake Shack is reportedly offering its customers BTC as a reward for spending money at their burger chain using Cash App. Shake Shack is an American fast-casual restaurant that’s based in New York City. It has locations in multiple countries and over 6,000 employees. According to a recent report on The...Read More
Bitcoin price had recovered from the recent price slash that occurred due to the Russia-Ukraine conflict. The price had almost smashed $45,000 but failed to sustain above these levels and is currently feared to plunge below $41,000. While the bearish scenario is slowly getting intensified, yet possibilities of going parabolic are still high. However, the...Read More
Jeremy Siegel – Finance Professor at the Wharton School of the University of Pennsylvania – said the Federal Reserve needs to tighten its interest rates fast. With inflation spinning rapidly out of control, he called on the central bank to protect the dollar from devaluation, and from a possible Bitcoin “take over”. Dollar in Danger,...Read More
Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve asset the largest country by landmass controls on its own, meaning that BTC might gain traction in the days to come. BTC’s Surge Following...Read More
The government of Ukraine announced it will airdrop cryptocurrencies donated to the nation’s official wallet. Companies, non-governmental organizations, and individuals have already contributed over $30 million worth of digital assets to the country amid its ongoing war with Russia. Ukraine Has a Date for its Crypto Airdrop A few days after the launch of Russia’s...Read More
European Union lawmakers have removed a controversial paragraph that would have made all proof-of-work (PoW) based cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) illegal. Proposed Ban on PoW-Based Coins Deleted The Markets in Crypto-Assets (MiCA) framework, headed by Economic and Monetary Affairs (ECON) rapporteur – Stefan Berger – was originally scheduled for February 28....Read More
Bitcoin price briefly spiked up close to $45,000, maybe due to a huge trend reversal in a very short time. The crypto space recovered significantly since the beginning of March 2022 and turned most of the assets green. While bulls currently appear to hold the crucial support levels at $40,000, bears appear to wait for...Read More
The notorious hacker organization – Anonymous – has reportedly offered Russian troops payments in bitcoin to hand over their tanks. The group would pay more than $52,000 in BTC for each surrendered combat vehicle. BTC in Exchange for a Tank The Ukrainian side has been trying to stop the Russian invasion not only by weapons...Read More
Bitcoin trading volumes against the Russian ruble reportedly soared to the highest level in almost a year. At the same time, those employing Ukraine’s hryvnia reached October 2021 heights. The Result of the Embargoes? NATO and the EU are still standing away from a direct military conflict and vowed not to send troops to Ukraine....Read More
The geopolitical turbulence in Ukraine and Russia has maintained a cautious mood amidst challenges that could result in current instability on Monday. The Crypto Fear & Greed Index hit a new low this week, remaining in the 26/100 “worry” zone. Advertisement BTC Price Action As the price of Bitcoin went beyond $40,000, the fear of...Read More
The White House, alongside the European Commission, Canada, the United Kingdom, Germany, and Italy, announced in the late hours of Saturday evening that they would be expelling certain Russian banks from the SWIFT payment system. In a joint statement, the parties wrote that: “This will ensure that these banks are disconnected from the international financial...Read More
Jack Dorsey’s fintech startup Block (formerly known as Square) disclosed its gross profit for Q4 2021 stood at $1.18 billion, which is an increase of 47% year over year. In addition, the company’s sellers have adopted more of Square’s ecosystem over time, the firm added. Exceeding Results The American financial services and digital payments company...Read More
Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks...Read More
