Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM) AUM Growing As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings...Read More
The narrative that cryptocurrencies are not used as payment methods continues to be debunked, with numerous companies enabling such transactions lately. One of the largest Canadian brokers, Matrix Mortgage Global, is the latest to introduce payments with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and some stablecoins. Mortgage Payments with Crypto Founded in...Read More
Mike Novogratz, a veteran investor, and a huge Bitcoin supporter noted the U.S. is currently in a good economic position. Still, the nation can face a major competitive disadvantage unless it engineers a digital dollar soon. The Importance Of An E-Dollar Novogratz, chief executive of digital merchant bank Galaxy Digital GLXY, underlined the value that...Read More
Caruso, one of the largest estate companies in the US, has entered the BTC space with an undisclosed investment. The organization also revealed it will begin accepting bitcoin as payment for rent following a partnership with Gemini – the cryptocurrency exchange founded by the Winklevoss twins. Pay Rent with Bitcoin Without specifying the precise amount,...Read More
This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing...Read More
The popular multi-asset DeFi platform powered by Kava Labs has optimized its network with the release of the Kava 5.1 upgrade. The company cited enhanced earnings from lending and decreased risks as the main benefits from the update. Kava 5.1 Arrives The software protocol enabling its users to utilize multiple crypto assets to borrow and...Read More
A year after the release of XAUt – a commodity-backed token pegged to gold – Bitfinex has announced the launch of a perpetual contract for the trading pair Tether Gold/Bitcoin. The new product will be settled in BTC and will offer up to 100x leverage for users. XAUt/Bitcoin Perpetual Contract on Bitfinex Launched in 2012,...Read More
America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval. According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund...Read More
Robinhood, a popular U.S. crypto brokerage app, announced that it recorded an almost six-fold increase in the number of users that traded cryptocurrency using its platform in Q1 2021. In a blog post published on Thursday (April 8, 2021), Robinhood noted that 9.5 million users carried out crypto trading via the platform in the first...Read More
Russian cryptocurrency investors have started complying with authorities to provide information about their crypto dealings and pay the stipulated taxes. According to a report by local news outlet Izvestia, several accounting and legal firms, including FTL and PwC, noted that they had recorded a surge in compliance with the tax legislation. Cryptocurrencies Are Properties The...Read More
Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer. The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in...Read More
Shortly after the oldest US-based bank entered the cryptocurrency space, so has done the second-oldest – State Street Corporation. The banking giant with $3 trillion in assets under management will allow the London-based Puremarkets to use its Currenex platform for digital asset trading. Launched by Puremarkets Ltd., Pure Digital is advertised as an “interbank marketplace...Read More
Jason William Siesser, a Missouri man, tried to buy a hazardous chemical weapon on the dark web paying for it with bitcoin. He told the potential seller that he intended to use it soon, thus killing up to 300 people. Another Purchase on the Dark Web via Bitcoin A recent example of using the primary...Read More
Data from on-chain analytics provider Glassnode has reported that Bitcoin’s average hash rate hit a new all-time high this week, crossing a daily average of 178 exahashes per second for the first time in history. Bitinfocharts confirms the record high, reporting current hashrates at 176 EH/s. It topped 150 EH/s twice in February and has...Read More
Cryptocurrency regulations across different countries continue to be a hot topic, and Spain is the latest to join in. The nation’s watchdog has asked industry participants, investors, and consumers for their opinion, and they have until April 16th to respond. Spain’s Regulator Looks for Crypto Legislation According to a report from La Informacion, The National...Read More
A week prior to its direct listing on NASDAQ, Coinbase has posted preliminary Q1 data indicating a massive increase in its userbase and revenue. The trading volume has increased by nearly 300%, the revenue is about $1.8 billion, and more than 11% of all crypto assets are stored on the platform. Coinbase’s Record-Breaking Q1 The...Read More
After releasing physically-backed exchange-traded products tracking the performance of Bitcoin (BTC) and Ethereum (ETH) earlier this year, CoinShares has expanded its portfolio with the addition of a Litecoin ETP. Litecoin ETP Arrives from CoinShares According to an announcement from April 6th, CoinShares has released another exchange-traded product tracking the performance of a cryptocurrency asset called...Read More
Bitcoin continues to dig its way into the National Basketball Association (NBA) as the Sacramento Kings have doubled down on their support. The team’s Chairman and CEO, Vivek Ranadivé, informed earlier in a Clubhouse appearance that everyone in the organization could start receiving their salaries in BTC soon. Bitcoin Dribbles into the Kings’ Salaries Based...Read More
Ripple’s CEO Brad Galinghouse has clarified his stance on bitcoin, clarifying that he has not argued for a ban against it. Nevertheless, he outlined that one transaction with BTC requires about 75 gallons of oil and noted that the entire crypto space should aim at turning bitcoin mining into a clean energy business. Garlinghouse on...Read More
Popular business intelligence and software company MicroStrategy has continued to show no signs of slowing down on its bitcoin buying spree, adding more of the asset to its portfolio at every opportunity. The company’s CEO, Michael Saylor, recently took to Twitter to announce MicroStrategy’s latest bitcoin purchase, an addition of 253 BTC, to the company’s...Read More
Bakkt, the Bitcoin futures platform launched and operated by the Intercontinental Exchange (ICE), has released its long-anticipated application. Dubbed Bakkt App, it would enable customers to interact with BTC and other crypto assets directly through the platform. Additionally, the company has partnered with several notable firms, including Best Buy and Starbucks. Bakkt App Arrives Launched...Read More
Large banking organizations and institutional investors could reinvigorate their demand for bitcoin soon, commented researchers from JP Morgan Chase & Co. They reasoned that BTC volatility levels have been decreasing in recent weeks, which could be the primary benefit for institutions. BTC’s Volatility Plays a Role for Institutions Analysts representing the giant US multinational investment...Read More
When it comes down to developing a central bank digital currency (CBDC), perhaps no country is more advanced than China. Upon carrying out several tests in recent months, the People’s Bank of China said that the interest in the innovative initiative is surging, but bitcoin could also have a vital role in that. BTC Behind...Read More
This week was undoubtedly bullish for the entire cryptocurrency market, which came inches away from $2 trillion. This happened as Bitcoin looks to reclaim $60K, Ethereum surged above $2,000, and BNB saw a brand new all-time high. In retrospect, it was up only for the entire market during the last seven days. Bitcoin started trading...Read More
Shark Tank and Dallas Mavericks billionaire co-owner Mark Cuban recently disclosed that a significant portion of his crypto holdings are stashed in bitcoin because he believes the cryptocurrency is a better store of value asset than gold. Speaking in a recent episode of the Delphi Podcast as published on CNBC, Cuban noted that of his...Read More
Tether Holdings Limited, the company behind Tether (USDT), has published a testimony yesterday from an insurance company that claims the stablecoin is “fully backed” but without disclosing what kind of assets are backing up the currency. Moore Cayman, an insurance company located in the Cayman Islands, testified for Tether, stating that the stablecoin is fully...Read More
Shortly after announcing plans to enable its institutional customers access to the first-ever cryptocurrency, Morgan Stanley has doubled down by filing documents with the SEC to allow 12 of its funds to gain BTC exposure through the Grayscale’s Bitcoin Trust or cash-settled futures. CryptoPotato reported back in February that a unit of Morgan Stanley Investment...Read More
A recent filing with the US Securities and Exchange Commission indicated that the world’s largest asset manager has indeed “started to dabble” with the primary cryptocurrency by purchasing a portion of CME’s March 2021 BTC futures that expired on March 26th. The Wall Street behemoth has expressed a pro-cryptocurrency approach for the past several months...Read More
Grayscale now holds 44.1 billion assets under management, which represents an increase of over 3 billion in just four days. As reported by CryptoPotato, Grayscale expanded its crypto-trust offerings, adding five new tokens: Chainlink (LINK), Basic Attention Token (BAT), MANA (Decentraland), Filecoin (FIL), and Livepeer (LPT). These trusts, already operational for eligible accredited investors, surged in price considerably after...Read More
Mary Rich, the investment bank’s incoming global head of digital assets for the private wealth management division, told CNBC in an exclusive interview that they will launch the service in Q2 2021. ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private...Read More
