The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies. A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg. There is a hidden image showing a waiting list for users...Read More
In an update to a blog post from months prior, Coinbase has withdrawn its plans to launch a USDC APY lending program on the platform in response to mounting legal pressure from regulators. Coinbase Bends to the SEC The news was quietly released this Friday when Coinbase updated its June blog post that announced an...Read More
The cross-chain DeFi protocol, pNetwork, has informed that it has become the latest victim of a security breach. By leveraging a codebase bug, the unknown perpetrator has stolen 277 bitcoins. As announced by the team behind the project, the hacker “was able to leverage a bug in our codebase and attack pBTC” on the Binance...Read More
The first nation to legally adopt bitcoin now owns 700 coins after a new purchase, updated the president of the country. This has become another “buy the dip” moment, as BTC’s price dropped to $45,000. El Salvador’s president – Nayib Bukele – took it to Twitter on September 20th to inform that the nation has...Read More
Several US state regulators have gone after the popular cryptocurrency lender Celsius Network for failing to comply with local securities laws. The project’s CEO was quick to refute the allegations, promising that all protocol services will remain unaffected for now. US State Regulators After Celsius United States watchdogs have intensified their actions against the cryptocurrency...Read More
The 24-year-old Australian national – Stefan He Qin – will spend the next 90 months in federal prison for defrauding his customers out of $90 million. The courts also ordered him to forfeit nearly $55 million from the embezzled money. The Road to Prison According to a press release from the United States Department of...Read More
Major multinational professional services company Ernst & Young (EY) announced the adoption of the Polygon protocol for the deployment of its blockchains to provide faster transactions and lower costs for its enterprise clients who transact on the Ethereum mainnet. EY Clients Can Now Access Polygon Network The “Big Four” consulting firm stated in the press...Read More
While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”....Read More
South Korean cryptocurrency exchanges that cannot meet up with the Financial Intelligence Unit (FIU) registration exercise are mandated to inform their customers before midnight today that they will be shutting down operations a week before the September 24, 2021 deadline. The affected trading platforms have been instructed not only to inform their customers that they...Read More
This week, even though tumultuous to some extent, was positive for the cryptocurrency market and Bitcoin, particularly in terms of prices. BTC managed to increase by about 2.5%, reclaiming an important level while doing so – $47.2K – an important confluence of technical indicators to consider. It’s still rather early to state it for sure,...Read More
Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including bitcoin and ether, directly from their accounts. PayPal’s Crypto Services Now Available For UK Users “We are delighted to share that all eligible customers in the UK can now buy, hold, and...Read More
With his approval ratings battered by several failures in the withdrawal from Afghanistan, Joe Biden is turning his attention to massive infrastructure spending and expanding the government’s programs to provide a social safety net for Americans who are struggling. Biden Proposes Tax Hikes to Boost Washington’s Budget If passed, Biden’s tax plan would raise the...Read More
Following the implementation of the long-anticipated Ethereum’s London hard fork on August 5, 2021, fresh data shows that more than a billion dollars worth of ETH has become unusable through a burn mechanism. Over 300k ETH Burned According to Dune Analytics, a total of 303,681.05 Ether, which is worth $1.032 billion at the time of...Read More
The ruling Democratic Party of South Korea intends to delay the upcoming taxation policy of digital assets. According to the officials, taxing bitcoin and altcoin investors still lacks proper infrastructure. Delaying The Crypto Taxation The Democratic Party of South Korea has objections in regards to the upcoming law that plans to start taxing gains made...Read More
In an announcement on Sept. 15, AMC Chief Executive Adam Aron said the firm would be expanding the number of cryptocurrencies it would accept as payment methods. The entertainment giant originally announced that it would accept Bitcoin payments on Aug. 9. Aron stated that by the time BTC payments are rolled out before the end...Read More
The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational...Read More
If the primary cryptocurrency’s mainstream adoption continues and the asset succeeds, regulators and governments will kill its progress, said Ray Dalio. At the same time, he believes most bigger countries, like China and India, have already started trying to do so. Speaking to CNBC on September 15th, the founder of Bridgewater admitted once again that...Read More
Cathie Wood has predicted that Bitcoin prices will rise tenfold to reach $500,000 in 5 years. The bold forecast came while the Ark Invest chief executive was speaking with CNBC anchor Andrew Ross Sorkin at the SALT fintech conference in New York on Sept. 13. She added that this prediction is dependent on companies and...Read More
Grayscale – the world’s largest digital asset fund based in the United States – has recently partnered with fintech investment platform iCapital to provide cryptocurrency investment strategy to the latter’s 6,700+ clients. Crypto Exposure for Wealthy Clients As reported by Globe News Wire, the partnership will be pairing iCapital’s technology and investment capabilities with Grayscale’s...Read More
The Cloud arm of the world’s largest search engine has partnered with Dapper Labs – a blockchain-based company that developed the NBA Top Shot marketplace. Google Could will provide the necessary support to help scale Dapper’s Flow blockchain. As reported by Forbes on September 14th, Google has decided to make its first steps in the...Read More
Investors’ appetite for trading non-fungible tokens (NFTs) seems to have significantly decreased after the all-time highs recorded in August. In fact, during the last three days, Ethereum-based NFT trading volumes have not surpassed $100 million, while at the end of August, they exceeded $500 million for a single day. NFT Trading Volumes Heading South According...Read More
Another Chinese province has decided to follow the example and halt cryptocurrency mining and trading. While this continues to be the ongoing trend coming from China this year, the price of bitcoin has not dumped this time, as it did during the previous set of adverse developments. One More Chinese Province Goes After Crypto The...Read More
The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future. MoneyLion Joins The Crypto Trend According to...Read More
Tesla’s CEO – Elon Musk – bought a new dog and gave him a name (Floki) – so far, nothing out of the extraordinary. But the puppy’s name has caused fluctuations in the cryptocurrency space, with recently emerging coins called Floki skyrocketing in value. The Hype Around Meme Coins and Musk’s Role It’s safe to...Read More
The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution...Read More
Coinbase announced today its intentions to hold a private offering of $1.5 billion of senior notes. The company plans to allocate the funds to product development, acquisitions, and new personnel. According to a press release dated September 13th, the largest US-based exchange will offer $1.5 billion aggregate principal amount of its senior notes due 2028...Read More
Business intelligence company MicroStrategy, spearheaded by Michael Saylor, has purchased over 5,000 bitcoin worth $242.9 million. Thus, the firm’s total BTC holdings have increased to over 114,042. MicroStrategy founder and CEO Michael Saylor announced the latest bitcoin purchase via Twitter on Monday, September 13th. According to the executive, the business intelligence firm purchased 5,050 BTC, at...Read More
The Indian government continues with its indecisive approach towards the crypto industry. A recent report claimed that the authorities plan to implement new taxation on gains from digital asset operations instead of the recently-discussed ban. Citing sources familiar with the matter, the Economic Times reported that India is contemplating taking a different approach to the...Read More
William Quigley, who co-founded stablecoin Tether (USDT), thinks non-fungible tokens (NFTs) accessible in metaverses will hit annual sales above $10 trillion. He shared his thoughts about NFTs and metaverse with Bloomberg in an interview over the week. When asked about the lush, blossoming NFT fields of 2021, Quigley said his sights are set on the...Read More
The wait is finally over. After years of researching and producing a multitude of peer-reviewed papers on the network’s structure, potential, ideas, goals, and whatnot, Cardano now has smart contracts capabilities to further bolster its ecosystem. Alonzo Mainnet Now Live As of now, Cardano saw an important hard fork go through, and Alonzo is now...Read More
