The Acala Foundation has recently announced the launch of its decentralized exchange (DEX), Karura Swap on the Kusama and Polkadot ecosystem, with its so-called “first trustless trading pair” KSM/KAR already available for trading. Over $3.4M in TLV In a Friday announcement, Acala noted that the KSM/KAR pair currently has over $3 million in Total Value...Read More
Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future. Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call. During the call, Jack Dorsey discussed many...Read More
Major bitcoin ATM operator Bitcoin Depot has inked a long-term partnership deal with convenience store chain Circle K to install Bitcoin kiosks in the United States and Canada. Bitcoin Depot and Circle K Partner to Install Bitcoin ATMs Bitcoin Depot announced the deal via a press release on Thursday (July 22, 2021). According to the...Read More
Retail wealth clients at American banking giant JPMorgan Chase & Co have been given access to several cryptocurrency products, including Grayscale Bitcoin Trust (GBTC). The move makes the bank the first major financial institution in the United States to do so. JPMorgan Approves Five Crypto Funds The bank issued a memo to its financial advisors...Read More
Trevor George Smith Jr., better known for his stage name Busta Rhymes, is now officially a Bitcoin holder. He broke the news in a tweet following yesterday’s discussion between Elon Musk, Jack Dorsey, and Cathie Wood. CryptoPotato reported earlier in July that Busta Rhymes is looking into the cryptocurrency market. It took him less than a...Read More
Wyre, a blockchain payments provider, announced today that developers around the world are now able to provide USDC stablecoin to customers in the Polygon ecosystem. The feature was made possible through a partnership with Polygon. Wyre Integrates With Polygon Wyre said in a press release shared with CryptoPotato that the integration of its Checkout API...Read More
Tether, the company behind the biggest stablecoin by means of total market cap – USDT – has announced that CREAM Finance has become the first DeFi protocol to support their Euro-pegged EURt token. According to a recent press release, CREAM Finance – a well-known DeFi protocol, has become the first to integrate Tether’s EURt stablecoin...Read More
Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a...Read More
Foreign virtual asset services providers (VASPs), including cryptocurrency exchanges operating in South Korea, have until September 24th, 2021, to register with the local regulator. Otherwise, they risk being blocked from providing services to Koreans, said the Financial Services Commission. Crypto Exchanges Might be Blocked in Korea? As reported by CryptoPotato earlier this year, the Asian...Read More
While the world worries about the fall of Bitcoin prices, billionaires are increasingly enamored with the cryptocurrency. A recent Goldman Sachs study revealed that at least 45% of family offices are interested in investing large amounts of money in cryptocurrencies. Family offices are firms in charge of managing the money of billionaires such as Amazon’s...Read More
Elon Musk and Jack Dorsey finally had their face-to-face talk about Bitcoin at “The B Word” event today. Joined by Cathie Wood and moderated by Steve Lee, their long-awaited talk was largely bullish all around – including on Bitcoins energy use, which Elon says he is now more optimistic about. The three began by citing...Read More
The world’s largest NFT marketplace, OpenSea has recently raised $100 million from industry investors in a recently-concluded Series B funding round led by leading American venture capital firm, Andreessen Horowitz. Making NFT Trading Accessible to More Users In an official press release published Wednesday, OpenSea noted that it will use the funds to expand its...Read More
Core Scientific, a digital asset mining firm, aims to be the next company from the crypto space in line to become publicly traded at a $4.3 billion evaluation. Instead of an IPO, Core will merge with a SPAC called Power & Digital Infrastructure Acquisition Corp. As reported on July 21st, Core Scientific, a crypto miner...Read More
The Bank of New York Mellon Corporation and State Street Corporation joined four other institutions in backing the digital asset exchange Pure Digital. Furthermore, America’s oldest banking organization plans to expand its crypto offerings to clients. BNY Mellon Diving Deeper into Crypto According to a recent Financial Times report, one of the largest custodian banks...Read More
The latest retracement that drove bitcoin to sub-$30,000 levels has not deterred Cathie Wood’s investment management company ARK Invest. The firm has bought more than 140,000 additional shares of the Grayscale Bitcoin Trust in a day for its ARK Next Generation Internet ETF. ARK Investment Bought the Bitcoin Dip? The price of the primary cryptocurrency...Read More
Hong Kong-based cryptocurrency derivatives platform FTX has made history after raising a record $900 million in Series B funding. According to a report by Forbes on Tuesday (July 20th, 2021), more than 60 investors were involved in the funding round in what is described as the largest fundraiser in the crypto space. Some of the...Read More
New data from Cambridge University shows that the geography of Bitcoin mining has drastically changed over the last six months in the wake of China’s massive crackdown. CNBC has been gathering the opinions of industry experts to get their take on the great miner migration and how it has altered the environmental impact of the...Read More
The Securities and Exchange Commission obtained a temporary restraining order on a mother-son duo that embezzled more than $12 million from at least 277 investors. Throughout the years, the 86-year-old woman and her 54-year-old son promised to generate income for their clients via investing in securities and cryptocurrencies but instead swindled the funds for themselves....Read More
According to a recent survey, 7 out of 10 institutional investors asserted that they expect to purchase digital assets sometime in the future. What’s more, over half of the participants revealed they already have invested in cryptocurrencies. Institutional Investors Love Virtual Currencies A survey conducted by the financial services provider – Fidelity Digital Assets –...Read More
According to a fresh release, companies that transfer BTC or other cryptocurrencies must collect information about the senders and recipients if proposed EU regulations come into force. In a bid to end anonymous cryptocurrency wallets, the Europoean Commission has proposed a law that would require companies that transfer BTC and other cryptos to collect information...Read More
NFT ecosystem provider and creator of the ERC-1155 token standard, Enjin, has recently joined the United Nations Global Compact, a global organization that supports businesses working to adopt Sustainable Development Goals (SDGs). First NFT Platform to Join the UN Global Compact In a press release shared with CryptoPotato, Enjin revealed that it would join the...Read More
Circle, the blockchain company behind the second-most popular stablecoin USDC, has partnered with the US multinational financial services giant – Mastercard. Both parties aim to facilitate crypto-to-fiat conversions and test using USDC as a settlement option. The partnership, announced by Circle on July 20th, will result in launching a pilot program that will assist both...Read More
The popular digital asset exchange CryptoCom has introduced a new testnet of its EVN chain called Cronos. The project is the company’s DeFi-oriented child aiming to scale the ecosystem by enabling developers to port apps from Ethereum and EVM-compatible chains. CryptoCom Announces Cronos According to the press release shared with CryptoPotato, the Ethereum Virtual Machine...Read More
BlockFi, the centralized trading and lending digital asset firm, has received a letter from the New Jersey Bureau of Securities ordering the company to stop accepting new local clients from July 22nd. BlockFi’s CEO, Zac Prince, confirmed the development and said they are working with regulators to “help them understand our products.” Citing a draft...Read More
Marsha Blackburn, Roger Wicker, and Cynthia Lummis have urged the U.S. Olympic Committee to forbid any usage of China’s central bank digital currency (CBDC) at next year’s event in Beijing. The lawmakers expressed concern over spying and espionage in a letter to Susanne Lyons, board chair of the U.S. Olympic Committee, on Monday, according to...Read More
In its amended initial public filing (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC), Popular stock trading platform Robinhood revealed that it is expecting its revenue to drop in Q3 2021 as a result of the cool-off in the trading activity of the cryptocurrency market. Robinhood Expecting Drop in Revenue With Robinhood planning...Read More
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has revealed that it is launching a new NFT-focused arm, dubbed Polygon Studios. Polygon Launches Gaming and NFT Arm In an official press release shared with CryptoPotato, Polygon noted that the new division will be focused on growing the global Blockchain Gaming and NFT industry,...Read More
Grayscale announced the release of its latest product called Decentralized Finance (DeFi) Fund to enable institutional investors to receive exposure to assets from that particular space. Some of the tokens represented in the fund will be Uniswap (UNI), Aave (AAVE), and Compound (COMP). Launched in 2013, Grayscale has become the largest digital asset manager with...Read More
Although the US Securities and Exchange Commission has failed to approve even a single BTC ETF application, the Grayscale CEO believes it’s a matter of “when, not a matter of if.” In a recent interview, Michael Sonnenshein also outlined that the current price correction has allowed long-term investors to accumulate more portions. BTC ETF: A...Read More
One of the most highly anticipated events in the Binance community is the quarterly burn of BInance Coin (BNB). This time around, the company burned almost $400 million worth of it. Binance, the world’s leading exchange by means of trading volume, has completed the 16th quarterly burn of BNB. According to the company, the entire...Read More
