Bakkt, the Bitcoin futures platform owned and operated by Intercontinental Exchange (ICE), is reportedly planning to go public after a merger with the Chicago-based blank-check company VPC Impact Acquisition Holdings. Bakkt To Go Public? By citing “people with knowledge of the matter,” Bloomberg reported the news earlier, saying that the Bitcoin futures platform is already...Read More
Bitcoin is currently trading at around $38,200 as it pulls back slightly after blasting past $40,000 during late trading on Thursday, January 7. At current prices, the asset is up 33% since the same time last week and it still doesn’t look like it is ready to correct yet. Looking at centralized exchange movements could...Read More
2021 has started off well for most of the crypto ecosystem, except for Ripple. The company is on the verge of one of the riskiest lawsuits in the history of the industry, and the pessimism surrounding its XRP token has led it into a downward spiral that is causing significant losses to those who still...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
The largest cryptocurrency asset management company, Grayscale, will see a shift in its executive leadership as founder Barry Silbert is prepared to step down to focus on other initiatives of Digital Currency Group. Announced Thursday, Grayscale will see a change in its Chief Executive Officer position. The founder of the company, Barry Silbert, who was...Read More
One of the major cryptocurrency derivatives exchanges, BitMEX, has completed the month-long process of verifying its entire user base. The development comes shortly after the platform said it would provide its clients with faster transactions via a new integration system update. 100% of Volume on the BitMEX Platform Fully Verified In a recent post, BitMEX has...Read More
A recent report fueled the rumors that the South Korean digital asset exchange Bithumb is indeed for sale by naming a potential buyer. It indicated that the Tokyo, Japan-headquartered gaming conglomerate Nexon is preparing to purchase a controlling stake in the trading platform. Numerous reports from the past several months suggested that the Asian exchange...Read More
In what is most likely a lighthearted take, billionaire investor Mark Cuban has said he would run for the US Presidency if the bitcoin price reaches $1 million per “coin.” Given the supply cap of 21 million units, BTC reaching $1 million would put the top-ranked crypto by market capitalization far eclipse gold’s $10 trillion...Read More
Another record high was registered by Bitcoin a few hours ago as it hit $37,780 for the first time according to Tradingview.com. The move has added a further 6.5% to the price over the past 24 hours and a whopping 30% over the past seven days. It is now trading way above daily moving averages...Read More
The San-Francisco-based blockchain company Ripple may still have more issues to deal with, as one of its lead investors involved in the company’s Series C funding has filed a lawsuit following the U.S. SEC’s allegations. Ripple Gets Hit From the Inside According to Bloomberg, on Tuesday (Jan. 5, 2021), Tetragon Financial Group, an investment company...Read More
The popular blockchain project Stellar has signed a Memorandum of Understanding and Cooperation with the Ministry of Digital Transformation of Ukraine to explore and develop virtual currencies and a CBDC. The native cryptocurrency has reacted with a massive surge by almost 40% a day after the announcement. Stellar And Ukraine To Work On Digital Assets...Read More
Grayscale Investments has removed XRP from its diversified public crypto fund — Grayscale Digital Large Cap Fund (DLC). The move could be yet another fallout from the current enforcement action by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Nixes XRP, Reallocates Liquidated Position According to an announcement, Grayscale revealed that it removed...Read More
Bitcoin’s price has gone on an impressive run in the last few weeks, accelerating at a parabolic rate. Despite the most recent correction, the asset is still trading somewhat solidly above the $30,000 mark, charting an impressive increase of 310% since the same time last year. Yet, Warren Buffett’s longtime partner, Charlie Munger, is still...Read More
Two more companies that could be affected by the recently proposed FinCEN crypto regulations, namely Square and Andreessen Horowitz, have confronted the legislation. Both believe that the industry requires clear rules but asserted that FinCEN has failed in its rushed attempt. Square Goes After The FinCEN Crypto Regulations CryptoPotato reported recently that the US Treasury’s...Read More
The WikiLeaks Bitcoin donation wallet has received BTC from multiple people even as a London court has denied Julian Assange’s extradition to the U.S. based on health concerns. WikiLeaks has a history of attracting BTC donations, with Assange’s plight resonating with early adopters who share libertarian ideals. WikiLeaks Bitcoin Donation Wallet Holds over $600K in...Read More
Strategists at the leading U.S. bank have been crunching the numbers and comparing Bitcoin to traditional store of value assets such as gold. Led by Nikolaos Panigirtzoglou, the analysts suggested that Bitcoin’s current market capitalization of around $580 billion would have to rise by 4.6 times to create a theoretical price of $146,000. This would...Read More
The U.S. Office of the Comptroller of the Currency (OCC) has published more crypto-friendly guidelines allowing greater participation by regulated financial institutions in the industry. US Banks Can Now Use Stablecoins and Blockchains for Settlement In a press release issued on Monday (Jan. 4, 2020), the OCC revealed its decision to allow Federally chartered banks...Read More
The crypto trading giant has set a new all-time high in 24-trading volume, exceeding $80 billion on both the spot and derivatives platforms. In total, more than $180 billion has been traded across the entire crypto market in the last 24 hours as of press time. Binance Trading Volume Records New ATH Tweeting on Monday...Read More
Three Arrows Capital, a fund management company registered and supervised by the Monetary Authority of Singapore, disclosed a massive BTC position through the Grayscale Bitcoin Trust. The firm owns over 6% of all GBTC shares, meaning a total amount of almost 37,000 bitcoins. According to a document that Three Arrows Capital filed with the US...Read More
Things are not looking great for Ripple and its XRP cryptocurrency. In a day where the total market cap managed to add a whopping $60 billion as bitcoin charts a staggering 11% increase, XRP is down 5% in the past 24 hours. In what looks like an interesting development, a group of supporters is trying...Read More
Several US Congress members and a Senator have joined Coinbase in asking the US Treasury to extend the timeframe for responses to the recently proposed crypto regulations. The lawmakers argued that the agency hadn’t provided enough time for all concerned parties to issue their feedback. US Congresspeople Ask For Crypto Regulation Extension CryptoPotato reported recently...Read More
Indian authorities have arrested a 60-year-old greetings maker for duping about 45 people in investing over $350,000 in a fraudulent cryptocurrency scheme. The accused ran the operation through a designated application and promised double-digit monthly returns. Indian Crypto Fraudster Arrested As reported by the Times of India, the local police apprehended Umesh Verma at the...Read More
The leading digital asset manager, Grayscale, has taken full advantage of the developments within the cryptocurrency field with record-breaking inflows. The company’s assets under management (AUM) have increased ten-fold throughout 2020 to above $20 billion. Grayscale’s Best Year To Date Founded in 2013, Grayscale is among the largest gateways for institutional investors to receive exposure...Read More
The Ethereum-based social network Sapien has partnered with Matic Network, Biconomy, and Torus Labs to enhance mainstream adoption of Web3 social media. The collaboration between the projects will enable gasless transactions and the automatic creation of non-custodial Ethereum wallets on the social platform. Gasless Fees On Sapien’s Ethereum Network The blockchain-based social platform describes itself...Read More
While Ripple is dealing with allegations from the U.S. Securities and Exchange Commission (SEC) concerning its XRP token, major U.S. cryptocurrency exchange Coinbase seems to be getting its own share of legal saga, as the company faces a class-action lawsuit for receiving commissions gotten from the sale of XRP tokens. Coinbase Slammed With Class Action...Read More
The 100 BTC kidnapping case in the Indian state of Karnataka continues to develop as the local police have arrested another suspect on the case. Reports say he was the one who abducted the kid in front of his home after being recruited by the mastermind of the entire operation. Progress On A 100 BTC...Read More
GreenPro Capital has announced its plans to set up a BTC Fund for investment. The firm confirms its belief that Bitcoin might be the next best thing and a truly reliable store of value. Another Believer In The Bitcoin Institutional Future GreenPro Capital Corp (NASDAQ listed as GRNQ) is among the latest corporations to express...Read More
Following the SEC charges on Ripple and numerous cryptocurrency exchanges delisting the native token, Ripple has issued another statement to confirm its belief that this is an attack on the entire industry. XRP reacted with a brief pump, but the asset’s value continues to tumble on a daily basis. Ripple’s Latest Reaction On The SEC...Read More
In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin. Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if...Read More
Although India still displays uncertainty in its approach towards cryptocurrencies, the local government is reportedly considering implementing an 18% goods and services tax on BTC transactions. With such transactions exceeding $5 billion annually, the newly proposed tax could generate additional revenue of about $1 billion. 18% Tax On BTC Transactions In India? According to the...Read More
