With the crypto and perhaps the entire financial world focused on Coinbase’s direct listing scheduled to occur today, Binance announced it will list the stock token after the Nasdaq public listing is complete. Binance to List COIN/BUSD CryptoPotato reported the latest initiative from the world’s leading crypto exchange Binance in which the company introduced zero...Read More
In an announcement on April 13, the Switzerland-based non-custodial crypto company stated that it was now fully integrated with THORChain, enabling users to trade native Bitcoin with Litecoin and Ethereum for the first time. The move is a big deal because it is the first time a decentralized exchange has enabled crypto asset swaps across...Read More
Ether could double-down on its recent bull run by surging 500% more which will take it well within a five-digit price territory, suggested a former hedge fund manager and popular crypto analyst, Teeka Tiwari. He further claimed that Ethereum could surpass bitcoin as the most valuable crypto due to the high levels of utilization. ETH...Read More
With bitcoin, ether, and more alternative coins reaching for the stars with new records in the past 24 hours, the cumulative market capitalization of all crypto assets surged to new record levels above $2.2 trillion. Interestingly, this means that the total crypto market cap exceeded that of the world’s most valuable company – Apple. Crypto...Read More
The exponential growth of bitcoin and the entire cryptocurrency sector has caught the attention of global regulators, noted Kraken’s CEO, Jesse Powell. Speaking to CNBC, the executive warned of potential crackdowns, especially after the threats coming from the US government. Regulatory Crackdowns on the Crypto Industry? The cryptocurrency industry has been on a roll since...Read More
The New York Stock Exchange (NYSE), the world’s largest stock exchange by market capitalization, has jumped on the non-fungible tokens (NFT) bandwagon, launching an NFT collection for a selected number of stocks listed on its platform. In a tweet thread on Monday (April 12, 2021), the NYSE announced it is launching the “NYSE First Trade...Read More
The number of companies filing to receive approval to launch a Bitcoin ETF in the US continues to increase with the addition of Mike Novogratz’s Galaxy Digital. If approved, the Galaxy Bitcoin ETF will trade on the NYSE Arca exchange. Based in New York, Galaxy Digital is a diversified financial services firm dedicated to the...Read More
Virtue Poker, a project backed by the blockchain mogul ConsenSys, has completed a strategic investment round of $5 million. Strategic Investment Ahead of Mainnet Launch The news comes ahead of the mainnet launch, which is scheduled to happen in May 2021. Virtue Poker is the only blockchain-based company that’s received an official license from the...Read More
MicroStrategy, a publicly-listed company spearheaded by Michael Saylor, who’s arguably one of Bitcoin’s biggest proponents, will now pay the board fees to its non-employee directors in bitcoin. According to a new filing with the United States Securities and Exchange Commission (SEC), MicroStrategy has modified the compensation arrangements for non-employee directors. Per the document, they will...Read More
By partnering with a German-based investment firm and Switzerland’s Digital Assets AG, Binance will introduce zero commission tradable stock tokens. Each new coin will represent one share of equity stock and will be fully backed by a depository portfolio of underlying securities. The first such token will be Tesla. Binance Launches Commission-Free Tradable Stock Tokens...Read More
Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The...Read More
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
The use of decentralized technologies is growing in Spain, and we are not just talking about cryptocurrencies but blockchain in general, especially for enterprise purposes. From municipalities and public universities to corporations and industries, more and more businesses are adopting the blockchain in one way or another, increasing the ecosystem’s diversity and activity. According to...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
According to legal documents republished on Scribd, law firm Roche Freedman has filed a formal complaint against Ledger and Shopify on April 6 on behalf of two lead plaintiffs. Ledger suffered a number of data breaches in 2020 and one was linked to e-commerce platform, Shopify, which hosts the company’s stores and products. Ledger admitted...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
Another major US-based cryptocurrency exchange is reportedly considering going public. Kraken revealed record-breaking Q1 numbers and is also planning an IPO – following in the footsteps of Coinbase. Coinbase is the first major US-based cryptocurrency exchange that will see its IPO later this month. As CryptoPotato reported, the company will have its shares listed on Nasdaq on...Read More
The Cardano Foundation has partnered with a goods and products platform providing digital brand protection – Scantrust – to launch a supply chain traceability and anti-counterfeit solution. The first implementation saw the light of day with a Georgian artisan wine producer. The Cardano-Wine Connection The independent Swiss non-for-profit organization behind the popular Cardano blockchain announced...Read More
Binance Smart Chain (BSC) is enjoying a steady flow of unique addresses which has also resulted in a massive surge in the daily transaction count the network is processing. BSC Transactions 200% More Than Ethereum’s Binance Smart Chain is undoubtedly one of the most popular networks amongst DeFi enthusiasts. Its capability to handle a large...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
