IOHK CEO Charles Hoskinson has replied to critics calling Cardano a scam that has not been able to develop any smart contracts since its launch. Baseless Allegations Drive Investors Away Responding to comments made by Bankless podcast co-owner David Hoffman, Hoskinson noted that over the years, podcasters had used their platform to level baseless allegations...Read More
After four years of calling cryptocurrencies a “fraud,” American investment bank JP Morgan Chase is now actively hiring developers for Ethereum and blockchain development. The position was posted on Glassdoor, a US-based job and recruiting site. The firm is looking for developers with experience writing smart contracts, implementing business applications, and verifying cryptographic protocols on the blockchain. ...Read More
Several months after its parent company implemented cryptocurrency purchases, Venmo has done the same for its multi-million user base. The company has added four digital assets so far – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). According to a press release from today, the New York-based mobile payment service is the latest large name...Read More
Asset manager Rothschild investment Corp has acquired 265,302 shares from the Grayscale Ethereum Trust, a purchase worth $4.75 million. According to an SEC filing on April 15, the firm also bought an additional 8,000 shares of the Grayscale Bitcoin Trust (GBTC), now owning a total of 38,346 shares. Not The Rothschild You Think Rothschild Investment...Read More
The enhanced volatility in the past day caused nearly $10 billion in liquidations in less than a day as bitcoin, and all altcoins fell hard. Naturally, over 90% of the liquidated amount came from long positions. CryptoPotato reported earlier today the adverse price developments in the cryptocurrency market. Bitcoin fell by more than $9,000 in...Read More
Turkey’s government has introduced a new regulation that will prohibit cryptocurrency assets from being used as payment methods as of April 30th, citing significant risks. Nevertheless, banks are excluded from the legislation, meaning that users can still deposit the Turkish Lira on crypto exchanges through their banking accounts. Turkey’s Ban on Crypto Usage as Payment...Read More
In another step towards reducing the high fees on its blockchain, Ethereum’s latest upgrade, dubbed Berlin, has already come into effect. The hard fork arrives with four Ethereum Improvement Proposals (EIPs), but many users have complained about network errors. Berlin Hard Fork is Here for Ethereum The high utilization of the Ethereum blockchain, being the...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 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
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
Shark Tank and Dallas Mavericks billionaire co-owner Mark Cuban recently disclosed that a significant portion of his crypto holdings are stashed in bitcoin because he believes the cryptocurrency is a better store of value asset than gold. Speaking in a recent episode of the Delphi Podcast as published on CNBC, Cuban noted that of his...Read More
A global open-source hybrid blockchain protocol, eXchange inFinite (XinFin), has partnered with the enterprise software firm R3. As a result, the latter’s DLT-based platform Corda will use the XDC token as the primary settlement coin. The Bridge Between R3’s Corda and Blockchain Networks In a press release shared with CryptoPotato, both parties announced the collaboration,...Read More
Latvia’s flag air carrier, airBaltic, has reaffirmed its pro-cryptocurrency approach by enabling customers to make bookings with other digital assets, including Ether (ETH), Dogecoin (DOGE0 and Bitcoin Cash (BCH). Those tokens have joined the list of four USD-pegged stablecoins and the first-ever cryptocurrency – Bitcoin. DOGE and ETH to Be Used for Air Travel AS...Read More
Visa is to become the first large payments network to use a stablecoin as a settlement currency. By partnering with the popular cryptocurrency exchange Crypto.com, the San Francisco-headquartered giant will offer a crypto settlement system for fiat transactions based on the Ethereum blockchain. According to the announcement from earlier today, Visa has joined forces with...Read More
Leading crypto fintech startup Circle Internet Financial has announced the launch of a payment solution for the non-fungible tokens (NFTs) market. It will enable investors and content creators to make payments using credit cards and cryptocurrencies. Promoting NFT Adoption The company stated in an announcement today that it hopes the initiative would get more investors...Read More
Institutions taking profits and rising interest rates have pushed bitcoin down in the past week, said the Director of Research at Forbes Crypto – Steven Ehrlich. Simultaneously, he outlined Ethereum’s growing adoption among institutions and the role it plays behind DeFi and NFT as the main reasons why ETH has outperformed BTC last year and...Read More
The Skrill digital wallet, launched by the specialized payments platform Paysafe, will expand its presence in the US by partnering with Coinbase. The largest US-based crypto exchange will provide new cryptocurrency white label solutions to Skrill, thus enabling users from nearly 40 states to buy and sell digital assets. Skrill Partners with Coinbase Launched in...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
The US government sent another set of stimulus checks to its citizens following the most recent relief bill signed by President Joe Biden. Interestingly, two surveys asking people how they plan to utilize the funds indicated that about 10% will be allocated in cryptocurrencies. 10% of Americans to Put Stimulus in Crypto? Earlier this month,...Read More
Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms. Since then, however, the company has struggled to find new avenues of growth. Now, the company is following...Read More
The legal dispute between Ripple and the SEC continues with full force as the payment processor has requested the Commission to produce documents regarding Bitcoin and Ethereum – as they were officially deemed not to be securities. At the same time, thousands of XRP holders have asked the federal judge in charge to serve as...Read More
It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world....Read More
While some Chinese companies have purchased BTC and ETH, others, such as the social media giant Weibo, have reportedly halted the accounts of three of the largest crypto exchanges – Binance, Huobi, and OKEx. Weibo has justified its decision by outlining “abnormal practices” and breaching security risks. Weibo Targets Crypto Exchanges It may not come...Read More
Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital...Read More
Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market. This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth...Read More
The contentious Ethereum Improvement Proposal (EIP) 1559, will be included in its codebase in July this year. This became clear during the All Core Developers call today. EIP 1559: What Does it Mean for Fees? Ethereum’s Improvement Proposal 1559 is aimed at improving the overall Ethereum’s user experience when it comes to transaction fees. Typically,...Read More
The co-founder of a fraudulent ICO project that duped more than $25 million from investors, Sohrab Sharma, has received a sentence of eight years in prison for his role. The project itself, dubbed Centra Tech, was previously backed by several celebrities, including the boxing legend Floyd Mayweather and the producer DJ Khaled. Centra Tech Co-Founder...Read More
A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum. Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch...Read More
The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California,...Read More
