Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies. Wellbots Now Accepts BTC Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and...Read More
CryptoPotato had the opportunity to host a discussion with Lennix Lai – the Financial Markets Director at OKEx. Established in 2017, OKEx is one of the leading cryptocurrency exchanges in the world by means of trading volume and is also a big player in China. We took the opportunity to discuss, first hand, what’s currently...Read More
Gaming developers employing the services of Community Gaming will be able to take advantage of enhanced scalability through a new collaboration with the popular blockchain-based Layer 2 protocol – Polygon. Community Gaming Partners with Polygon Describing itself as an “all-in-one platform offering esports infrastructure to all key stakeholders in the industry,” Community Gaming is a...Read More
After the Bitcoin and Ethereum Trusts, Grayscale’s Digital Large Cap Fund has also filed and been approved to become an SEC-reporting product. Additionally, the largest digital asset manager has filed three more Registration Statements with the Commission. Grayscale Investments, the large cryptocurrency asset manager, filed a Registration Statement on Form 10 with the Securities and...Read More
Hive Blockchain Technologies Ltd, the cryptocurrency mining firm that went public in 2017, has purchased more than 3,000 mining devices. The machines, MicroBT WhatsMiner M30S, should increase the firm’s overall Bitcoin hash rate by nearly 50%. HIVE Buys 3,019 Miners The company announced its latest purchase in a press release on July 12th. The equipment...Read More
One of the largest financial institutions in South Korea – Woori Financial Group – will offer crypto custody services to its clients. Its banking unit – Woori Bank – will launch the initiative in a partnership with the fintech solutions provider – Coinplug Inc. Woori Bank Dives into Crypto According to a report from The...Read More
Hisham Chaudhary – a sales consultant from Leicestershire, United Kingdom – was found guilty of transferring bitcoin to the terrorist organization IS. The man will wait until September 3rd to hear his sentence. BTC Supplies for The IS The British broadcast news organization – BBC News – reported recently that a jury at the Birmingham...Read More
The Swedish resident – Roger Nils-Jonas Karlsson – pleaded guilty to luring at least 3,575 people into a fraudulent Bitcoin investment scheme. According to the investigation, he embezzled more than $16 million from his illegal actions and will spend the next 15 years in federal prison. The Pension Plans Turned out to Be a BTC...Read More
With Grayscale Bitcoin Trust (GBTC) biggest BTC unlocking event scheduled to happen in the middle of July, many market analysts and traders are worried about the potential effects of this event on bitcoin’s price and the crypto market in general. However, crypto trading firm, QCP Capital, believes the unlocking will not pose any significant threat...Read More
Approximately 8 out of 10 wealth managers and institutional investors from the US, France, Germany, the UAE, and the UK said they would enhance their crypto exposure between now and 2023. 40% of them plan to “dramatically increase their holdings.” High Hopes on Crypto A recent survey conducted by a European investment manager dedicated to...Read More
The cybersecurity firm Lookout detected numerous crypto mining scams employing hundreds of fake Android applications. The fraudulent scheme affected at least 93,000 people and stole more than $350,000 from them. Stealing Money Instead of Mining Crypto According to a recent report, the security company Lookout discovered 172 bogus Android applications meant to be used for...Read More
Nearly half of the UK residents aged between 18 and 29 admitted that their first investment was in digital assets. However, more than 50% of the youngsters used debt to purchase cryptocurrencies. Crypto is Attractive for The Young Britons A recent poll conducted by Opinium for the investment platform Interactive Investor revealed that 45% of...Read More
Crypto influencers will no longer be allowed to promote crypto projects on TikTok after the popular social network released new guidelines on Friday. TikTok Bans Crypto Ads Updating its Brand Content Policy, TikTok noted that all the following forms of financial services and products are now banned from the social media platform: cryptocurrencies, trading platforms,...Read More
The European Union is set to launch a new agency to take severe measures on money laundering across its borders. Cryptocurrencies have the ability to take part in illicit financial operations as well, and the new department will put them under its scope of regulations. Crypto Under The Radar of the EU According to a...Read More
Bitcoin failed to produce any notable gains over the past week, and the same can be said about the entire cryptocurrency market. It appears that the most recent regulatory clampdown in China and talks of legislation in other countries continue to take their toll. At the time of this writing, BTC is trading at around...Read More
Bullish Global, the cryptocurrency company operating under the hat of the blockchain software firm Block.one, has revealed plans to go public on the New York Stock Exchange (NYSE). Bullish made the announcement via a press release on Friday (July 9th, 2021). According to the publication, the firm plans to go public via a merger with...Read More
The newly launched cryptocurrency Baby Doge Coin will make its debut on NASCAR this Saturday. The professional racer Brandon Brown will drive his No. 68 Chevrolet Camaro, branded with the asset’s symbol. Baby Doge on the Runway The fans of the recently launched digital asset – Baby Doge Coin – will have the chance to...Read More
Tesla’s CEO Elon Musk believes transactions costs and speeds using bitcoin and ether are expensive and slow at the base layer. Instead, he indicated that the meme coin that started as a joke – Dogecoin – could serve as a solution as it minimizes the fees. The popular cryptocurrency YouTuber Matt Wallace, lately focusing on...Read More
A month after dabbling with the idea of developing a BTC hardware wallet, Square’s Jesse Dorogusker said the company has decided to do it. He outlined the community’s engagement as the primary reason behind the firm’s decision. CryptoPotato reported in early June when Jack Dorsey, the CEO of Square and a prominent Bitcoin bull, said...Read More
Just a few months after bashing bitcoin for its enhanced volatility and supposed impracticality, Bank of America has reportedly set up a new designated research team to look into digital assets. Citing an internal memo, Bloomberg reported earlier that the giant US multinational investment bank is the next in line to join the cryptocurrency bandwagon....Read More
Global fintech firm and developer of the USDC stablecoin, Circle, has revealed that it will be going public on the New York Stock Exchange (NYSE) via a new business alliance. According to an official announcement today, Circle has partnered with Concord Acquisition Corp, a publicly traded special purpose acquisition company (SPAC) with more than $276...Read More
After the US regulator postponed its decision about VanEck’s BTC ETF attempt, the watchdog has done the same with the application filed by Anthony Scaramucci’s SkyBridge Capital. CryptoPotato reported earlier this year when the global investment company based in NYC, SkyBridge Capital, filed with the SEC to launch a Bitcoin ETF. Should the product be...Read More
Barely two days since the launch of ShibaSwap, a DeFi platform coming from the popular Ethereum-based meme project, Shiba Inu, more than $1.5 billion worth of assets have been locked on the exchange. ShibaSwap Records $1.5 in TVL As with many DeFi projects, ShibaSwap also introduced a yield farming program that allows users to stake...Read More
Fan Yifei – a deputy governor of China’s central bank – expressed concerns that digital currencies, particularly stablecoins, could negatively impact the global financial system. Furthermore, he described the assets as “speculation tools.” PBoC Is ‘Quite Worried’ In a recent interview, the ex-Chairman of Shanghai Bank and a current deputy governor of the People’s Bank...Read More
Seoul’s Central Customs has started investigating 33 people involved in illegal overseas cryptocurrency transactions worth 1.69 trillion won or roughly $1.5 billion. The authorities have already fined 15 individuals and started prosecuting 14 of them. The remaining 4 suspects will be a subject of further investigation. IIlegal Transfers for Around $1.5B The daily newspaper in...Read More
In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities. Alchemy Integrates Polygon The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network. ...Read More
Guests of the Pavilions Hotels & Resorts can now pay for their accommodation with over 40 cryptocurrencies, including BTC and ETH. The service will be available from today – July 7th. An Exotic Adventure in Exchange for Crypto According to a recent press release, The Pavilions Hotels & Resorts partnered up with the cryptocurrency trading...Read More
While a slew of DeFi tokens are surging in value, the ‘Dogecoin Killer’ Shiba Inu has topped the Ethereum network in terms of gas usage, suggesting a strong connection between the two. Shiba Swap and the ensuing DeFi Wave Earlier yesterday, SHIB (the official Twitter account for the SHIBA ecosystem) announced that Shiba Swap had...Read More
Shortly after announcing a collaboration with Formula 1, CryptoCom has become an official partner of the Ultimate Fighting Championship. As a result, the popular exchange’s branding will appear on the fighters’ kit. According to a press release shared with CryptoPotato, the giant sports brand UFC has agreed to a fight kit deal with the cryptocurrency...Read More
The Knesset, Israel’s unicameral legislative body, could become the world’s first government entity to employ blockchain technology, and more specifically – NFTs. The incoming President Isaac Herzog will reportedly receive an NFT of the original oath signed by his late father – the nation’s sixth President. Born in 1960, Isaac Herzog is the President-elect of...Read More
