The popular whistleblower Edward Snowden has joined the list of people believing that the Chinese ban on Bitcoin will actually benefit the cryptocurrency. He also recently wrote about BTC’s price, which is roughly 10x higher than the last time he did. The Chinese Ban is Good for Bitcoin Although the world’s most populated nation has...Read More
The interactive game Axie Infinity has attracted nearly $2 billion worth of the native token locked on its platform, which is a new record. At the same time, the price of AXS has surged to an ATH on its own following a triple-digit weekly increase. Launched less than a year ago, Axie Infinity is an...Read More
According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. Crypto to Fund Children’s Education The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia,...Read More
Mainland Chinese users of KuCoin will have to withdraw all their funds and close their accounts by the end of the year, said the exchange earlier today. This is a direct consequence of the latest crackdown from the People’s Bank of China. Citing the regulatory pressure from the Chinese authorities, KuCoin announced earlier on October...Read More
According to a recent research, 38% of Spaniards between 25 and 40 years old plan to enter the cryptocurrency market in the coming months. Moreover, 21% of the participants have already invested in bitcoin or some altcoins. Are Spaniards Flocking into Crypto? The Spanish neobank Rebellion conducted a survey to determine whether young Spaniards were...Read More
Bitcoin’s price closed in September at a lower level than it did in August. While that may sound like a negative occurrence for BTC bulls, the popular cryptocurrency analyst PlanB actually saw this happening months ago and predicted the exact closing price. Furthermore, he provided even more favorable prices for the end of October, November,...Read More
Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to...Read More
Roughly a month after getting exploited for the second time this year, Cream Finance has reported that it has recovered more than $16 million of the funds. CryptoPotato reported on August 31st this year when the decentralized finance protocol Cream Finance suffered another security breach – this time, roughly $25 million in ETH and AMP...Read More
Popular social media giant TikTok has announced that it will be venturing into the non-fungible token (NFT) space by leveraging content from some of its top creators. The short video-sharing platform, which recently crossed 1 billion global users, said its NFT collection, dubbed TikTop Top Moments, will feature content from six “culturally” important videos from...Read More
The largest US-based cryptocurrency exchange has admitted to being exploited earlier this year when hackers stole assets from approximately 6,000 users. The company vowed to reimburse all affected users. According to a copy of the letter sent to the affected customers, which was available on the website of California’s Attorney General, the exploits took place...Read More
Accesswire published a press release today claiming that Ripple had finished its battle with the SEC. Stuart Alderoty– General Counsel for Ripple– promptly responded by calling the story false. Accesswire has since removed the story from their site. What Did The Press Release Say? Though the original link has been taken down, Accesswire’s article was...Read More
It’s been a very productive week in the cryptocurrency market, but it’s safe to say that most of it was due to the volatile price action during just one of the days – Friday, October 1st. Going back, last Friday, the BTC price was hovering around $43,500, and, in fact, it stayed there for quite...Read More
Flourish – a Fintech platform geared towards Financial Advisors – has started a digital asset initiative called “Flourish Crypto.” The platform will offer accessible Bitcoin investment options to RIAs, equipped with advisor-specific compliance resources. Crypto Solutions for Investment Advisors According to a press release from GlobeNewswire, Flourish Crypto will include access to direct cryptocurrency ownership....Read More
On Sept. 30, Visa’s Global CBDC Product Lead, Catherine Gu, wrote that the company’s research and product teams are working on a new blockchain initiative called Universal Payment Channel (UPC). The cross-chain interoperability hub will connect different DLT networks to facilitate transfers of digital assets. Gu used the example of splitting a bill between friends...Read More
The digital fintech platform COTI has announced its latest products that will provide Visa debit cards and bank accounts to users. Its partner in the initiative is the financial institution Simplex. COTI’s New Services COTI (Currency Of The Internet) – a blockchain platform allowing organizations to build their own payment solutions – has expanded its...Read More
Speaking at CNBC’s Delivering Alpha conference on Sept. 29, a16z partner Katie Haun said the U.S. should look towards China for what not to do. She was referring to Beijing’s incessant crackdowns on the crypto industry and any activities related to the trade of digital currencies. In her view, financial regulators in the U.S. should...Read More
El Salvador’s state-owned digital wallet company “Chivo” will be granting citizens a discount on fuel payments. This provides greater incentives for citizens to use Bitcoin as a medium of exchange. Chivo Partners With Major Gas Companies Nayib Bukele – President of El Salvador – announced the new benefit yesterday over Twitter. The reveal was part...Read More
The Puerto Rican billionaire businessman – Orlando Bravo – believes cryptocurrencies will play a significant role in the future monetary system. He admitted that he is a bitcoin owner as he anticipates its price to surge in the following years. ‘How Could You Not Love Crypto?’ Orlando Bravo – Co-Founder and Managing Partner of Thoma...Read More
The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on...Read More
EvolveETF – a Canadian ETF provider – has just launched Canada’s first multi-cryptocurrency exchange-traded fund. The product is backed by the two largest cryptocurrencies by market cap: Bitcoin and Ethereum. Crypto Diversification in an ETF As announced this week from EvolveETF’s site, the new fund has already begun trading on the Toronto Stock Exchange (TSX)...Read More
The Tourism Authority of Thailand (TAT) plans to create a utility token called the TAT coin. To implement it in the country’s financial network, though, the state agency would need approval from the related organizations. Crypto Can Bring Back Tourists to Thailand According to a recent report by Bangkok Post, the Tourism Authority of Thailand...Read More
Chris Vermeulen – Founder and CEO of Technical Traders LTD – opined that bitcoin’s USD value would increase to $90,000 in about a year. Nonetheless, its price might plunge to $16,000 on its way to the new all-time high record. How Does The Road to The Top Look Like? In a recent interview for Kitco,...Read More
Ripple has announced the establishment of a new fund worth $250 million to support the building of non-fungible token projects on its XRP ledger. The company promised to provide artists with the necessary support. Ripple took it to Twitter earlier on September 29th to outlined its newest endeavor, which this time will focus on the...Read More
The Swiss Financial Market Supervisory Authority (FINMA) has greenlighted the Crypto Market Index Fund to be the first cryptocurrency-oriented investment vehicle operating within the country with the proper licensing. According to the Reuters report from earlier on September 29th, the Crypto Market Index Fund will be available to qualified investors only. Switzerland’s financial watchdog said...Read More
The American fintech company – Verifone – will enable cryptocurrency payment options to its clients through a collaboration with the bitcoin payment service provider – BitPay. The service will be available later this year as initially it will be introduced only in the United States. The New Crypto Opportunity According to a recent press release,...Read More
Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users, following exponential growth in the number of wallet addresses. Axie Sees Surge in Address Holders According to data provided by IntoTheBlock on Tuesday (September 28, 2021), Axie Infinity Shards (AXS) ownership is on the rise, with 17,480 address holders. This...Read More
According to a recent report, Revolut seeks approval from UK’s securities regulator to launch its exchange token. Should the initiative be greenlighted, it will start from Europe and other non-US-based locations. Citing people familiar with the matter, CoinDesk reported earlier that Revolut – a leading fintech firm – wants to release its cryptocurrency token. One...Read More
The social media giant announced earlier this week its plans to create its own metaverse with the help of multiple parties. To do so, Facebook will allocate $50 million for research and program partners. Facebook’s Swing at Metaverse The company’s announcement reads that Facebook will not rely on a single company to build the project...Read More
Morgan Stanley – the global financial services mogul – continues to increase its exposure to Bitcoin through Grayscale’s BTC trust. Morgan Stanley continues to increase its exposure to Bitcoin. As CryptoPotato reported back in August, the financial services company’s Insight Fund held 928,051 shares of Grayscale’s Bitcoin Trust. A recent filing with the United States Securities and...Read More
Layer 2 scaling solution, Celer Network, has recorded an impressive milestone, as trading volume on its recently-launched cBridge has surpassed the $200 million mark, a week after reaching $100 million. Celer’s cBridge Volume Hits $217M According to data on the Celer’s analytics webpage, the cBridge currently has a total trade volume of more than $217...Read More
