The world’s leading cryptocurrency exchange Binance has launched a “European-style” Vanilla Bitcoin Options contracts priced and settled in Tether (USDT) aimed at institutional and advanced investors. European-style BTC Options on Binance The Malta-based cryptocurrency exchange announced the latest addition to its portfolio of digital asset products in a press release shared with CryptoPotato. The announcement...Read More
The US Senate has approved a new stimulus package worth nearly $900 billion, including $300 billion for small businesses and direct payments of up to $600 for American adults. With the total economic relief amount surpassing $3 trillion since the start of the COVID-19 pandemic, the question remains if these developments are inadvertent promotion for...Read More
The Canada-based financial technology company Mogo plans to make an initial corporate investment of over $1 million in bitcoin and increase the amount next year. The crypto-friendly fintech firm has joined the recent trend of sizeable corporations that allocate funds in BTC. Mogo To Allocate 1.5% Of Its Assets In BTC The Vancouver-based fintech company...Read More
Former presidential candidate, member of the United States Democratic Party, Andrew Yang, has filed paperwork to run in the upcoming 2021 New York mayoral race. Yang has previously called for more transparent and uniform regulation around cryptocurrency. Andrew Yang to Run for New York City Mayor in 2021 Earlier this year, Yang’s bid to the...Read More
In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family. 100 BTC for The Son of A Crypto Investor An eight-year-old boy...Read More
Following the impressive list of institutional investors who have put their funds into bitcoin in 2020, it appears that more big names are showing interest in the number one crypto asset, after a global investments firm filed with the U.S. SEC to launch a bitcoin fund for accredited investors. According to an SEC document on...Read More
The Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) has granted permission to FV Bank to provide custody services for cryptocurrency assets such as Ethereum and Bitcoin. The institution plans to integrate the new service into its digital banking platform as of early 2021. FV Bank Granted Permission To Be A Crypto Custodian...Read More
Analysts from the US multinational investment bank JPMorgan Chase & Co have doubled-down on their belief that institutional inflows towards bitcoin are crucial for the asset’s price. They warned that if their purchases decline, the cryptocurrency could head towards a violent correction. JPMorgan Confirms: Institutions Are Key For Bitcoin While most financial assets have suffered...Read More
Bitcoin has become a part of the mainstream media. A few years ago, it was odd to tweet about the most famous cryptocurrency publicly. However, during the previous months, a growing number of the world’s most influential figures and companies discuss Bitcoin. Elon Musk is considered a veteran fan of Bitcoin and the other cryptocurrencies,...Read More
The digital asset trading venue has reportedly doubled-down on its endeavors for its planned stock market listing. The US multinational investment bank Goldman Sachs, which has a somewhat controversial history with the cryptocurrency industry, will lead the preparations. CryptoPotato reported recently that the exchange had confidentially submitted a draft registration statement with the US Securities...Read More
This was the week the entire cryptocurrency community has been waiting for. Bitcoin finally broke $20,000, setting a fresh new all-time high. But it was far from being done yet. After breaching the coveted $20,000 mark, BTC went on a rampage, taking down one target after another. Before the run was finally calmed down, the...Read More
With bitcoin climbing to new all-time highs, the cryptocurrency has garnered the attention of centralized financial institutions. Goldman Sachs Group Inc. offered its views on the market and said that BTC’s rise shouldn’t threaten gold’s position as the inflation hedge of choice as both assets can coexist. Bitcoin And Gold Can Coexist Ever since bitcoin’s...Read More
With bitcoin marching to new all-time highs and dragging most alternative coins higher as well, the assets under management for the leading crypto manager Grayscale jumped to nearly $14 billion. This is a 7-fold increase for the company whose managing director categorized 2020 as the “coming of age story for the asset class.” Bitcoin Breaking...Read More
The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
With Bitcoin clocking $21,000 for the first time in history, one Wall Street investor is saying the top-ranked crypto by market capitalization should be worth a lot more. Bitcoin at $400,000, Says Guggenheim’s CIO In a phone interview with Bloomberg TV on Wednesday (Dec. 15), Scott Minerd, chief investment officer at Guggenheim, said Bitcoin should...Read More
Binance and Coinbase, two of the leading cryptocurrency exchanges, experienced technical issues in the past few hours, and users were unable to log in. The problems coincided with bitcoin breaking into uncharted territory above $20,000 for the first time. Bitcoin’s Surge Causes Issues On Binance and Coinbase As CryptoPotato reported earlier today, the primary cryptocurrency...Read More
Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC. UK Asset Manager Replaces Gold With BTC The...Read More
Approximately a month before leaving the White House, President Donald Trump is reportedly considering pardoning Silk Road founder Ross Ulbricht, who’s serving a double life sentence plus 40 years. This happens as the “free Ross” campaign has picked up steam, with many new people signing the online petition to release him from prison. Trump To...Read More
After a threat of a lawsuit for displaying Bitcoin scams, The Guardian Australia launched an investigation to determine the nature of the increasing number of similar fraudulent activities. It concluded that there’s a group of fraudsters operating a massive global enterprise based in Moscow, Russia. Global BTC Scam Organization Revealed CryptoPotato reported in early October...Read More
Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps. CryptoPotato reported in October that the Tokyo District Court had issued...Read More
One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important Updates Since Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will...Read More
CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion. Record-Breaking Weeks For Institutional Money In Crypto By citing data from...Read More
While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000. Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%. During the week, BTC managed to...Read More
The NASDAQ-listed business intelligence company has surpassed its previous plans to offer $400 million in convertible notes. Instead, the firm announced today that it has raised $650 million via a senior convertible notes offering and asserted that the proceeds with be invested in bitcoin. The official announcement reads that “the aggregate principal amount of the...Read More
A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform. DBS Digital Assets Officially Announced CryptoPotato reported in...Read More
Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’? The US Dollar Has Been The Global Reserve Currency For 100 Years Now Ruchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his...Read More
The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia. Launching a Cryptocurrency Custody Business for Institutional Investors According to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial...Read More
According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030. Square Invests $10 Million As a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which...Read More
Following a weekend dip into mid-$18K territory, Bitcoin prices have recovered to top $19K once again and are currently trading just below $19,300. A range-bound channel appears to have formed in this range as the asset fails to top the psychological $20K barrier. It’s highest price as recorded by Tradingview.com was a touch over $19,900...Read More
