Ameritrade, a popular US-based trading platform owned by Charles Schwab, and Robinhood, an American financial service company, have suspended GameStop (GME) trading following the recent controversy. Simultaneously, the former SEC Chair Jay Clayton said that the traditional financial markets need significant readjustments as they are not functioning in everyone’s best interest. Ameritrade And Robinhood Halt...Read More
To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines. As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street...Read More
With nearly 90% of investments located in its Bitcoin Trust, Grayscale could be providing new diversification products to its institutional investors. Recent filings in Delaware revealed that the company has registered for new cryptocurrency products for the privacy-oriented coin Monero and three DeFi tokens – Polkadot, Cosmos, and Aave. According to the filings made by...Read More
Guggenheim Partners CIO Scott Minerd has shared another warning of possible Bitcoin declines. The Wall Street executive predicted a massive correction, dragging the primary cryptocurrency down to $20K. He pointing out that institutional interest is not enough to stabilize BTC above $30K. Institutional Demand is Not Enough Institutional interest towards Bitcoin will not be enough...Read More
The giant social media platform Reddit has doubled-down on its blockchain and cryptocurrency involvement with a new partnership with the Ethereum Foundation. As a result, Reddit plans to utilize the Ethereum network to create larger-scale applications like the Community Points introduced last year. Reddit Doubles-Down On Blockchain CryptoPotato reported last year that the San Francisco,...Read More
The price for the popular meme coin, Dogecoin (DOGE), went flying today. The cryptocurrency skyrocketed by almost 90% in just a couple of hours after the ‘Chairman’ of the now popular Wall Street Bets group tweeted about it. About a couple of hours ago, the ‘Chairman’ of the popular Wall Street Bets group asked whether...Read More
UNI prices reached their highest ever levels of $15.50 a few hours ago according to Coingecko. The move has added 5% on the day while most other high cap crypto assets are retreating in the shadow of their big brother. UNI has now made a whopping 60% over the past seven days and almost 300%...Read More
Digital asset management outfit Arca has secured $10 million in Series A funding as the company sets out to bootstrap its expansion in the emerging fintech scene. Crypto asset management firms are also seeing increasing inflows as investor appetite for digital assets continue to grow. RRE Ventures Leads $10M Arca Funding Round Arca announced the...Read More
Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees. The Booming DeFi Space...Read More
The “Bitcoin is dead” narrative has received the support of many naysayers and doubters over the years, especially in times when the cryptocurrency’s price has fallen sharply. So far, the hundreds of such assumptions have turned out to be wrong, and recent statistics showed that the number of doubters dropped significantly in 2020, as the...Read More
Coinbase asks FinCEN to pause last year’s rulemakings for cryptocurrency businesses. Shortly after, the agency officially extended the deadline for comments by another 45 days. Crypto Regulations to Wait Major digital currency exchange Coinbase has sent a letter to the Financial Crimes Enforcement Network (FinCEN) to hold up the planned crypto regulations. The US-based venue has...Read More
On Monday, Marathon Patent Group announced that it bought 4,812.66 BTC, worth $150 million, through the New York Digital Investment Group (NYDIG). Merrick Okamoto, Marathon’s chairman & CEO, noted that the investment would help them accelerate the process of turning the company into a “facto investment choice for individuals and institutions who are seeking exposure...Read More
Venture capital coin is flowing into DeFi like never before as another trading platform hits its target for fundraising. The non-custodial Ethereum-based exchange dYdX has announced that it has raised a $10 million Series B round led by Three Arrows Capital and DeFiance Capital. New investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group,...Read More
Global regulators have always branded cryptocurrencies, especially bitcoin, as a tool for illicit activities such as money laundering and crime financing. Even the newly-confirmed US Treasury Secretary Janet Yellen recently raised concerns over the same issue. Experts like ECB President Christine Lagarde and Shark Tank’s Kevin O’Leary have also called for a unified global regulatory...Read More
Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday. An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.” As part of the settlement, fellow co-founder and rival...Read More
India is looking towards adopting blockchain technology for remote voting. This comes despite the country’s stance against cryptocurrency trading. Blockchain Technology in India’s Voting Process According to The Wire, on Monday (Jan. 25, 2020), Sunil Arora, India’s Chief Election Commissioner (CEC), announced the plans to use blockchain technology in a mock trial for remote voting....Read More
The Chicago-based company has increased its position to GBTC by about 24% from October to late December, according to a recent filing with the US Securities and Exchange Commission. The financial institution now owns 30,454 GBTC shares. Founded in 1908 in Chicago, Rothschild Investment Corporation is a registered financial brokerage, dealer, and a member of...Read More
The current frenzy in the crypto sphere has instigated arguments surrounding bitcoin’s capacity to replace fiat currency, and notable individuals in the conventional banking sector have recently expressed their opinions on the subject. Central Bank executives Weigh in on the Future of Crypto About two weeks ago, the president of the European Central Bank, Christine...Read More
Numerous large U.S. endowments from universities including Harvard, Yale, Brown University, and the University of Michigan have been buying crypto currency on exchanges according to reports. University endowments are traditionally comprised of money or other financial assets such as crypto that are donated to academic institutions. The report, featured on Bloomberg, stated that Coinbase mentioned...Read More
A recent study revealed that Bitcoin and the rest of the cryptocurrencies no longer have the bad reputation that haunted them in the past. In fact, it seems that as the years go by, the preference towards digital tokens is beginning to overtake historically favored assets such as gold and silver. SimpleMoneyLife —a site focused...Read More
The Singaporean private banking arm of OCBC Bank has dismissed the chances of cryptocurrencies eventually replacing fiat currencies as a medium of exchange. However, the large institution believes that BTC and other altcoins can replace gold in terms of serving as a store of value. Cryptocurrencies: Store Of Value; Not Medium Of Exchange Ever since...Read More
China will launch another major test for its digital currency, the digital yuan, in January. Local reports affirm that Sichuan’s capital Chengdu will be the next hotspot for the consequent tryout of the nation’s future virtual asset. The Local Government Giving Away $4.6M Worth of CBDC According to a recent media report by mobile payment network...Read More
The leading cryptocurrency asset manager, Grayscale Investments, has donated $1 million to the non-profit think tank focused on public privacy in the crypto ecosystem – Coin Center. Additionally, Grayscale has vowed to match every other donation up to $1 million through February 2021. Grayscale Donates $1M To Coin Center Based in Washington, DC, Coin Center...Read More
Several weeks after signing legislation that required Russian officials to disclose their crypto holdings, the world’s largest country by landmass has gone a step further by prohibiting them from owning any digital assets. The Ministry of Labor and Social Protection of the Russian Federation has sent a letter to civil servants regarding their cryptocurrency holdings,...Read More
Ethereum prices reached their highest ever levels during Monday morning’s Asian trading session, coming just shy of $1,500. Bigger price predictions have been made by some of the industry’s top players. A few hours ago, several exchanges including Binance reported their highest ETH prices at around $1,475 but the asset has retreated a little since...Read More
Amid the renewed anti-Bitcoin remarks ascribed to mainstream finance stakeholders, reports have emerged showing banks in Australia working in cahoots with violent South American cocaine cartels. Despite aspersions to the contrary, the crypto market continues to account for an insignificant proportion of global financial crimes. Australian Banks Funelling Dirty Money for Drug Cartels According to...Read More
Bit Digital – a NASDAQ-listed company, is to face a class-action lawsuit. A recent report by J Capital Research alleged the Bitcoin mining firm in “fake cryptocurrency business.” Impossible to Operate 22,869 Bitcoin Miners in China Bitcoin mining company Bit Digital is facing a class-action lawsuit on allegations of fraud and misleading its clients. According...Read More
Bitcoin failed to recover in the past seven days, and it marked a further decline of about 8%. This has its current price hovering around $32,000, and its dominance has declined to 64.1%. But before we take a look at what this means for the altcoin market, let’s see what happened with BTC. The cryptocurrency...Read More
NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday. According to a press release published by the company, NexTech has sold all of its BTC holdings,...Read More
Michael Saylor’s Bitcoin bet appears to be far from over as his company MicroStrategy has acquired even more BTC despite the crypto price experiencing a significant retrace over the last couple of days. MicroStrategy has added more Bitcoin to its balance sheet according to an announcement issued on Friday (Jan. 22, 2021). MicroStrategy has purchased...Read More
