The head of Binance, Changpeng Zhao, recently gave his comments on the two largest cryptocurrencies – BTC and ETH. According to him, people nowadays need alternative coins for the new type of transactions, which may drive the price of ether up. CZ also predicted that many central bank digital currencies would be very different than...Read More
Major online marketing platform eBay has revealed that it is considering accepting cryptocurrency as a payment method while also exploring the non-fungible tokens (NFT) industry. eBay Mulling Adding Crypto Payment Option Speaking in a CNBC interview on Monday (May 3, 2021), eBay CEO Jamie Iannone stated that the e-commerce giant is looking at adding other...Read More
S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index (a combination of Bitcoin and Ethereum) will allow retail traders to easily gain exposure to these two behemoth cryptocurrencies. A Long-Awaited Move People have been waiting for a traditional finance product that...Read More
Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal...Read More
Popular cryptocurrency exchange Bitstamp has announced that it will be expanding its United States operations, following a groundbreaking feat recorded in the country in the first four months of the year. Massive Growth in Q1 Highlighting its achievements within the period, Bitstamp said in a press release shared with CryptoPotato today that new customer signups...Read More
With the impending taxation of cryptocurrency gains in South Korea, a recent poll showed that most citizens are in favor of such a rule. When it came down to age, though, the younger generations were significantly less opened to the idea of getting taxed for their crypto trading. South Koreans Support Crypto Taxation The East...Read More
The popular cryptocurrency wallet MetaMask warned its customers of a new phishing bot that attempts to get their seed phrases. According to the team, the fraud tries to lead users to a so-called ”instant support” portal where they are prompted to enter information into a Google Docs form. The New Scam MetaMask – a project...Read More
The Binance Smart Chain powered DEX has surged in popularity in recent months as DeFi newbies flock to the platform to avoid paying heavy gas fees on Ethereum. Figures from on-chain data providers indicate that the record figures for BSC and PancakeSwap have indeed surpassed that of the Ethereum network, despite its record price high...Read More
While urging investors to treat bitcoin and other cryptocurrencies with caution, Deutsche Bank’s CIO, Christian Nolting, said the industry is “here to stay.” However, the executive sees the impending launch of CBDCs as a major threat to bitcoin in terms of serving as a currency. Instead, he outlined the asset’s similarities to gold and its...Read More
WisdomTree Investments, a NY-based fund manager, has launched a physically-backed Ethereum ETP on two European stock exchanges through its local subsidiaries. This becomes the organization’s second crypto-related ETP released in the past month, after an exchange-traded product following the performance of Bitcoin. WisdomTree’s ETH ETP Live in Europe Headquartered in New York, WisdomTree Investments is...Read More
As the bull market rages on, it’s easy to get caught up in success stories. However, it’s paramount to know that it’s not all rainbow and butterflies – losses happen, and they hurt, especially if you’re not prepared or overtrade. An investor tweeted about how he lost his entire $185k portfolio in just 3 weeks....Read More
Legendary stock market investors Warren Buffet and Charlie Munger spoke at Berkshire Hathaway’s annual meeting, talking briefly about cryptocurrencies and the effects of the new trading era on the global psyche. Buffett’s Thoughts and Munger’s Rant Warren Buffett expressed his displeasure at people who treated markets like a casino, claiming that it encouraged a gambling...Read More
Choosing stock of gold mining companies instead of shares of firms investing in bitcoin has caused an underperformance for BNY Mellon’s tech-focused funds. The giant US bank outlined MicroStrategy – the company owning over 90,000 bitcoins – as the biggest missed opportunity. BNY Mellon’s Funds Performance In recent filings with the US Securities and Exchange...Read More
Following a trial against the recently arrested suspects connected to the infamous Thodex crypto exchange, a Turkish court has sent six people to jail. The brother and the sister of the company’s CEO, who reportedly escaped with $2 billion of users’ funds, were among them. Actual Jail for Six Suspects The $2 billion crypto scandal...Read More
The National Project Management Agency of the Presidency of the Republic of Uzbekistan, or NAFT, published plans to remove some of the crypto restrictions in the country. The government agency proposed to allow local residents to purchase digital assets for both domestic and foreign currency inside the former Soviet republic. Will Crypto Return in Uzbekistan?...Read More
Shortly after Coinbase became a publicly-traded company, some of its long-term backers sold their portions and netted significant profits. Such is the case with Union Square Ventures and the Intercontinental Exchange, as both pocketed more than $1 billion. ICE Sell Off Coinbase Shares CryptoPotato reported in mid-April the significant milestone in the entire cryptocurrency industry...Read More
The past week has been overall very favorable for the cryptocurrency market. The total capitalization grew to $2.15 trillion, which is a 17% increase. Most of it came from altcoins, however. At the time of this writing, bitcoin’s price trades at around $56,000 following a quick spike. It’s up 9% on the week and managed...Read More
Coinbase is to purchase the UK-based crypto resource firm Skew to enhance its efforts for providing real-time actionable data analytics to traders and institutions. Both parties said that Skew’s platform will be integrated with Coinbase Prime. Founded in 2018 in London, UK, Skew is a cryptocurrency-oriented data analytics company providing investors with “modern, credible, and...Read More
IOHK and World Mobile have teamed up on an initiative that will use Cardano’s blockchain to create digital identities, mobile internet connection, and financial acceptance to communities in Tanzania. Tanzania To Benefit From Cardano The continent of Africa, consisting of 1.3 billion people, has a huge problem with Internet connection. As revealed, more than half...Read More
Ethereum prices hit another all-time high of $2,800 in late trading on April 29 according to Tradingview. It has built upon a move that has added 14% to ETH prices since the same time last Friday. According to Santiment, the gap between the two assets in terms of market share is now tighter than ever....Read More
U.S. regulators are looking for ways to organize and adapt their laws to the rapidly changing world of cryptocurrencies. A bill to create a joint force between the SEC and CFTC to better understand and regulate cryptocurrencies has already been passed in the House and is ready to be introduced in the Senate. The Eliminate...Read More
The Federal Service in the USA arrested a Russian-Swedish citizen Roman Sterlingov on suspicion of laundering nearly $336M in bitcoin for the last 10 years. The criminal will appear in court and face three charges – money laundering, money laundering without authorization, and unlicensed money transmission. The Fraud Over The Last 10 Years According to...Read More
An anonymous buyer purchased a signed football card of Tom Brady for about $1.68M worth of LTC at an auction presented by Goldin Auctions. The company revealed that this is the most expensive item to be paid in cryptocurrency since it started accepting such payments. LTC in Exchange for a Football Card Cryptocurrencies have intertwined...Read More
During Visa’s Q2 2021 earnings call, the company showed interest in fully integrating a cryptocurrency payment system into its current infrastructure, with several interesting elements that would push the boundaries of the bridge between legacy finance and the crypto world as we know it. Most notably, Visa’s CEO Alfred Kelly stated that the company viewed...Read More
Despite Ethereum’s increasing price, the Canadian TV personality and well-known investor Kevin O’Leary predicted ”it’s always going to be N.2” to Bitcoin. Mr. Wanderful also opined that the first-ever cryptocurrency will serve as gold, while ETH will be silver. Ethereum’s Rally vs. O’Leary’s Forecast The second-largest cryptocurrency has been blooming recently. Its price reached an...Read More
Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm. During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity...Read More
In a note to investors on April 27, analysts at U.S. banking giant JPMorgan appear to have turned extremely bullish on Ethereum, noting that it has beaten its big brother in terms of gains this year. In April so far, Ethereum has made 45% to current levels whereas Bitcoin, which has seen market dominance slump...Read More
Germany’s Financial Supervisory Authority is investigating Binance for its offering of tokenized shares and is already holding a preliminary opinion that doesn’t look too encouraging for the world’s leading crypto exchange. According to a legal opinion published on its official website, the Bundesanstalt für Finanzdienstleistungsaufsicht —or simply BaFin— considers that Binance would be violating securities...Read More
The United States Securities and Exchange Commission (SEC) that had put the VanEck Bitcoin ETF proposal up for discussion in March has made a filing confirming that the decision will be delayed for a 45 day period. The Implications of a Bitcoin ETF As of now, the Grayscale Bitcoin Trust holds a virtual monopoly when...Read More
Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has recently launched a $100 million fund intended to improve the accessibility of the decentralized finance (DeFi) space to more users. According to a press release shared with CryptoPotato, the fund, known as “#DeFiforAll,” is geared toward effectively introducing millions of users to the various...Read More
