After growing speculation that it’s a scam within the crypto community, the recently acquired popularity project BitClout has garnered more controversy on itself. The Chief Research Officer of decentralized exchange Radar Relay, Brandon Curtis, has sent a cease-and-desist letter against the alleged founder for unlawfully using his name to profit. BitClout Caught in Wrongdoing? As...Read More
With Coinbase’s impending direct listing reportedly coming next month, reports emerge frequently indicating the impact of a crypto company going public for the industry and for the exchange itself. According to the latest estimations, Coinbase CEO Brian Armstrong could become the latest tech decabillionaire with his current stake of roughly 40 million shares. Armstrong to...Read More
Cryptocurrency derivatives exchange FTX is set to win a $135 million naming-rights deal for the sports arena belonging to the Miami-based American professional basketball team – Miami Heat. According to a recent report, the deal, which is organized by the Miami-Dade County Commission as it controls the naming-rights to the arena, will be finalized on...Read More
Major Electric Vehicle manufacturer Tesla is now accepting bitcoin payment for its vehicles. As soon as the announcement saw daylight, In a tweet thread on Wednesday (Mar. 24, 2021), Tesla CEO Elon Musk announced that customers could pay for a Tesla vehicle with bitcoin. You can now buy a Tesla with Bitcoin — Elon Musk...Read More
Following months of teasers and announcements about announcements, Uniswap has finally unveiled the specifications for its v3 upgrade. It added that the mainnet launch has been planned for May 5. The world’s leading DEX stated that it will be the most flexible and capital-efficient automated market maker ever designed. However, highly anticipated scaling solutions to...Read More
Following the recent approval of QR Capital’s Bitcoin exchange-traded fund (ETF), the Brazillian company is looking to raise $90 million to buy the bitcoin needed before trading commences. Working Towards Acquiring Bitcoin QR Capital made history after Brazil’s Securities and Exchange Commission (CVM) approved its application for a Bitcoin ETF, becoming the first of such...Read More
Attempting to improve access to DeFi interest-bearing accounts, including for individuals, businesses, professional investors, and corporations, Orbs is introducing Liquidity Nexus to act as a bridge between centralized and decentralized finance. This Liquidity-as-a-Service solution looks to make DeFi applications more available and less risky. Liquidity Nexus will provide an intuitive platform that’s simple to operate...Read More
The founder of Cardano, Charles Hoskinson, has stated that his company has seen “overwhelming demand” despite only being in the second stage of its Goguen upgrade. Currently, Cardano does not have programmability at the base layer, with no smart contracts for the moment, but this didn’t stop companies from subscribing to it, according to Hoskinson....Read More
The multi-token protocol enabling automatic market-making Balancer has partnered with the blockchain-based simulation platform for building financial models, Gauntlet. The collaboration aims to enhance returns for Balancer V2 Liquidity Providers while still keeping the funds fully non-custodial. Balancer Partners with Gauntlet to Maximize Returns In a press release shared with CryptoPotato, Balancer announced its latest...Read More
Positive news emerged for Ripple (XRP) late last week as the blockchain giant looks to get relisted on US coin exchanges. In a historic SEC lawsuit against Ripple Labs, a judge involved in the discovery process acknowledged XRP’s viability as both a currency and utility. In the same hearing, the SEC admitted that only Ripple...Read More
Less than two years after launching, OKEx Korea has decided to shut down its services to South Korea-based customers. Although the company failed to explain why, the closure comes amid new regulations imposed by South Korea towards exchanges. Earlier today, OKEx Korea published a termination notice informing that the cryptocurrency exchange will shut down its...Read More
Analytics from on-chain data provider Glassnode have revealed that smaller addresses holding 0.1 to 1 Bitcoin have surged since March 2020 when markets dumped. However, it expressed caution that the bull market could be entering its latter stages, as indicated by other on-chain metrics. #Bitcoin on-chain indicators suggest conditions are similar to the second half...Read More
With non-fungible tokens (NFTs) permeating the mainstream, TRON is doing everything it can to guide some of that attention to its network. Following a strategic collaboration between TRON and MixMarvel, the latter’s blockchain-agnostic gaming ecosystem will be bringing its tokenized gaming interface to TRON. This is intended to unlock new value for both communities, as...Read More
Without disclosing any further details, MicroStrategy’s Michael Saylor said in a recent interview that his conversations with Tesla’s Elon Musk influenced the latter to buy $1.5 billion worth of bitcoin in January. Additionally, he also noted that BTC’s revolutionary technology had caught the world by surprise, which is why so many people outside the industry...Read More
On-chain analytics provider Santiment has revealed more interesting data that could potentially serve as an indicator for another leg up in price action for Bitcoin. Activity on the network in terms of daily addresses has surged since Q2, 2020, but the bull run did not really kick in until December of the same year. The...Read More
Pakistani province plans to establish two hydroelectric-powered pilot mining farms, hoping to get further exposure to cryptocurrency adoption. Keeping up with the Global Crypto Bullish Trends The Pakistani province of Khyber Pakhtunkhwa is reportedly drafting plans to get into the cryptocurrency flow by building two hydroelectric-powered pilot mining farms. According to a recent news report, the region’s...Read More
BNY Mellon and Silicon Valley bank have injected capital amounting to $133 million in Fireblocks’ Series C funding. Fireblocks aims to expand operations and transform the financial world through the new funding. Targets Transformation Of Digital World With New Funding Digital asset custodian, Fireblocks has raised $133 million in a Series C funding. The round...Read More
TurtleDex, a decentralized Binance Smart Chain protocol, went through a rug pull. The protocol drained 9000 BNB, approximately $2.5 million. The owners immediately deleted TurtleDex’s telegram, the official website, and the Twitter page. A “rug pull” is a popular term in the DeFi space. In essence, the team behind the project pulls out the liquidity...Read More
Coinbase’s plans to go public, touted as one of the most significant events in the entire cryptocurrency industry, has been delayed until April, reads a recent Bloomberg report. Interestingly, this comes shortly after the company agreed to pay $6.5 million to the CFTC following an investigation regarding wash trading schemes. CryptoPotato reported in late 2020...Read More
On the flip side of growing bitcoin adoption, the digital asset is being used to elude taxes in Korea. The intensified effort of the country’s tax agency towards curbing the menace is yielding results, according to a recent report. Nothing is Hidden Under The Chain Last month, the Korean government finalized its decision to levy...Read More
Although Q1 2021 has a few more weeks left, it has already broken the record in terms of the most substantial inflows in cryptocurrency assets with over $4.2 billion, informed a report from CoinShares. Interestingly, Ethereum has skyrocketed in popularity among investors as it has garnered roughly 50% of the total flows in recent weeks....Read More
Just before its direct listing, Coinbase has agreed to a 6,5 million-dollar fine after the CFTC found that the exchange engaged in illegal wash trading practices. The CFTC found that Coinbase could be engaged in trading practices that provided misleading information to services like Coinmarketcap and the CME Bitcoin Real Time Index. This happened via...Read More
This was an important week in Bitcoin’s history. For the first time ever, the price reached an all-time high above $60,000. Regardless, it was an intense few days in terms of price action, and many altcoins also experienced serious volatility. It all started last weekend. On Saturday, the price started trending upwards and managed to...Read More
The founder of SkyBridge Capital and former White House Director of Communications, Anthony Scaramucci, made a somewhat surprising statement earlier today saying that Elon Musk owns about $5 billion worth of BTC personally and through his companies. Elon Musk’s electric vehicle and clean energy giant, Tesla, made the news in February when it was revealed...Read More
It appears that 2021 is the year for Bitcoin ETF approvals as yet another exchange-traded fund tracking the performance of the first-ever cryptocurrency will emerge – this time, in Brazil. The country’s Securities and Exchange Commission (CVM) has given its blessing to QR Capital’s application, and the QBTC11 product will go live on the Sao...Read More
Cardano is working on new deals that will bring millions of users into its ecosystem, said the project’s founder Charles Hoskinson. He added that his team is negotiating contracts with several African nations to enable citizens to have digital identities linked to wallets and payment systems. Millions of Users Coming on Cardano While speaking during...Read More
The Securities and Exchange Commission has put VanEck’s ETF ( Exchanged-traded fund) proposal for discussion. The institution now has a 45-day window to approve, deny, or even extend the review process to at least 240 days VanEck’s proposal was published on the SEC’s official website. Several companies and investment firms have been trying since 2017...Read More
Just a few days after news broke that Morgan Stanley will enable its institutional clients to buy bitcoin, the giant investment bank has reportedly started negotiations to purchase a stake in the largest South Korean cryptocurrency exchange – Bithumb. According to coverage from the Asian media website Naver News, Morgan Stanley is the latest prominent...Read More
They don’t come much bigger than Andreessen Horowitz, also known as A16z, which announced that it was leading a $23 million Series A round for OpenSea, a popular NFT marketplace. According to the announcement, angel investors Ron Conway, Mark Cuban, Tim Ferriss, Belinda Johnson, Naval Ravikant, Ben Silberman, and others will be joining the funding...Read More
The General Service Administration, a part of the US government, has successfully auctioned off 0.7501 bitcoins. Although the portion of sold BTC is not that impressive, what’s intriguing about this purchase is that the buyer paid a substantial 21% premium due to the high number of bidders. US Government Sells Bitcoin With a Premium The...Read More
