After El Salvador made history earlier this year by accepting bitcoin as a legal tender, the number of countries planning to mimic the move continues to grow. A recent report showed that Cuba’s Central Bank wants to implement rules enabling the nation to utilize digital assets legally. CryptoPotato reported in May this year when Cuba’s...Read More
With the gargantuan $1 trillion U.S. infrastructure bill in parliamentary limbo, the fate of the crypto tax proposal tacked onto it remains in question. Meanwhile, the cryptocurrency industry is getting organized with a new sense of urgency to lobby and campaign. The Senate has passed the trillion-dollar bipartisan infrastructure package without an amendment hoped for...Read More
Amid the recent boom within the NFT Industry, a new study reveals that not all of the hype around the digital assets may be legitimate and could even show signs of wash trading. Nansen’s Analysis of the Industry The non-fungible token sector took the cryptocurrency world by storm this year and quickly expanded beyond it....Read More
Recently hacked Japanese cryptocurrency exchange Liquid Global has secured a $120 million debt financing from Sam Bankman-Fried’s FTX exchange. According to an official statement by Liquid, the recent funding is part of efforts by both parties to pursue other collaborative opportunities that will contribute immensely to the global cryptocurrency ecosystem. Seth Melamed, COO of Liquid,...Read More
India’s securities and commodity market regulator, the Securities and Exchange Board of India (SEBI) has revealed intentions to increase the use cases of blockchain technology in monitoring financial instruments in the country. Indian Regulator to Adopt Blockchain Next Year In a press release published on the regulator’s official website, SEBI announced it is currently making...Read More
Digital assets continue to grow and take substantial portions of the financial markets, said Seek Capital’s managing director – Adam Proctor. As such, the family office will increase its allocation to it and hire a designated cryptocurrency analyst. By definition, a family office is a privately held company handling investment and wealth management for high-net-worth...Read More
Financial Services Commission (FSC) Chairman nominee Koh Seung-beom opined that digital assets would not work successfully as financial instruments. He went further, stating they “could not function as a real currency.” Are Digital Assets Real Money? Koh Seung-beom – nominated by the Korean President to be the next Chairman of the FSC – expressed his...Read More
The UK Financial Conduct Authority has settled all of its issues with the world’s largest cryptocurrency exchange – Binance. The regulator published an update on August 25th to clear the company’s name two months after imposing restrictions on some of its operations. Back in late June this year, the FCA issued a warning shot against...Read More
The US Securities and Exchange Commission could finally greenlight a Bitcoin futures ETF in the next two months, predicted analysts from Bloomberg. The strategists outlined the recent withdrawals for Ethereum futures ETF applications as the primary reason behind their optimism. Bitcoin Futures ETF in the US Coming Shortly? The topic of whether or not the...Read More
The Cardano Foundation has now selected Coinfirm, a leading provider of regulatory technology solutions, to deploy AML/CFT analytics for the Cardano blockchain and all associated tokens. The Importance of Blockchain Analytics The two parties announced the collaboration on August 24th. It reads that the deployment of these new analytics services will ensure that Cardano remains...Read More
While the U.S. is stagnant regarding the approval of an ETF, Europe is already moving ahead with the first Bitcoin futures launched by ETC Group, a leading provider of digital asset-backed securities. Europe’s First Bitcoin Futures According to an announcement, Eurex – Europe’s largest derivatives exchange – will list the first Bitcoin ETN (exchange-traded note)...Read More
US multinational investment banking giant Citigroup is reportedly considering trading bitcoin futures, stating that it has witnessed an increased interest in BTC from its institutional clients. CME Looking to Trade CME Bitcoin Futures According to a report by CoinDesk on Tuesday (August 24th, 2021), an anonymous source within the bank revealed that Citi is working...Read More
Palantir says it’s preparing for a black swan event with its massive gold purchase this month. Bloomberg reports the company also accepts bitcoin and gold as payment, but no one has paid in either. The Peter Thiel cloud computing company is also interested in accumulating bitcoin, Per a recently report: “The company spent $50.7 million...Read More
Originally headquartered in San Francisco, the cryptocurrency trading platform Okcoin has opened a new office in Brickell – an urban neighborhood in Miami. It aims to expand some of its services for the growing Latin American customer base within the city. Okcoin’s Hiring Initiative While the new hub only houses 10 Miami employees at present,...Read More
The US-based NASDAQ-listed business intelligence company MicroStrategy continues with its bitcoin acquisition spree, as the company recently purchased over 3,900 BTC. Consequently, the firm now holds nearly 109,000 bitcoins in total. Tweeting on Tuesday (August 24th, 2021), MicroStrategy CEO Michael Saylor revealed that the firm has added 3,907 bitcoin to its stash, bought at an...Read More
The valuation of the company has risen above $3 billion after completing the Series B round in which some of the participants included iFinex and Baillie Gifford. Blockstream aims to use the funds towards manufacturing mining chips. As reported by Canadian media on August 24th, Blockstream has further solidified its positioning as a cryptocurrency unicorn...Read More
The Switzerland-based financial institutions – Crypto Finance Group, InCore Bank, and Inacta – have selected Tezos to create on-chain digital products through a new token standard for asset tokenization. InCore Bank would also enable additional digital services with XTZ – the native cryptocurrency of the blockchain network. Tezos to Power The New Token Standard According...Read More
The President of El Salvador Nayib Bukele has revealed the structure for the upcoming implementation of the Bitcoin Law on September 7th, with the Chivo wallet app also available for download on the same day. Chivo Wallet App Comes With Zero Commission In a tweet thread on August 23rd, President Nayib Bukele said that the...Read More
Cal Athletics – the sports teams representing the University of California, Berkeley – and FTX have signed the first sponsorship between a college athletic department and a cryptocurrency platform. As part of the $17.5 million deal, the team’s home ground will change its name to FTX Field at California Memorial Stadium. At the same time,...Read More
Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said...Read More
San Francisco-based online publishing platform Substack has enabled support for bitcoin payments for subscriptions to publications through the use of the Lightning Network. Substack has collaborated with OpenNode, a bitcoin payment processor, for the BTC payment option. OpenNode made the announcement via a press release on Monday (August 23rd, 2021). With the latest development, readers...Read More
The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project. ‘Full Asset Restoration’ Begins As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message,...Read More
Tavanir – Iran’s Power Generation, Distribution, and Transmission Company – revealed that the ban on cryptocurrency mining would be lifted as early as September 22nd. The country’s authorities would allow digital asset miners to restart their operations legally, hoping to see a decline in energy consumption by the end of summer. Crypto Mining Is Back...Read More
Visa announced on August 23rd that it had spent nearly 50 ETH for a CryptoPunk non-fungible token. Thus, the US behemoth continues to showcase its support for the cryptocurrency industry. The global payments tech firm took it to Twitter on August 23rd to announce the acquisition of CryptoPunk #7610. The transaction was completed on August...Read More
The San Jose-based online payments giant PayPal is launching its cryptocurrency services in the United Kingdom less than a year after the company first introduced the feature in the United States. Eligible customers in the UK will be able to buy, sell, and hold bitcoin and other cryptocurrencies through the PayPal platform beginning this week....Read More
According to a recent research, US cryptocurrency investors have allocated on average $1,707 in such assets. 37% of them admitted they would not touch these funds even if they must cover a necessary bill or an important payment. Somewhat expectedly, the celebrity who influences most of the respondents’ crypto-related decisions is Elon Musk. Many Americans...Read More
The owner of Bitcoin mixer Helix and resident of Ohio, Larry Dean Harmon, pleaded guilty to a one-count conspiracy to launder monetary instruments. Previously, US prosecutors alleged that the Bitcoin mixer laundered over $300 million. Bitcoin Mixer Operator Pleads Guilty Harmon pleaded guilty in the United States District Court for the District of Colombia on...Read More
According to a recent survey, millennial investors have allocated 12% of their wealth in the digital asset market while xennials and generation X have respectively distributed 9.2% and 6.3%. However, those born between the late 1970s and the early 1980s have profited the most from those investments. Crypto Trends among The Generations The cryptocurrency exchange...Read More
A recent study revealed that 73% of senior executives at financial institutions fear their companies will fall behind in terms of development if they fail to adopt virtual currencies and blockchain technology. 76% believe that digital assets will replace fiat money in the next 5 to 10 years. Crypto Would Swap Physical Money The multinational...Read More
The European soccer team Philips Sport Vereningin – better known as PSV Eindhoven – has signed a partnership with a local cryptocurrency exchange. Part of the terms dictates that the club will receive the entire sponsorship in bitcoin. PSV Gets BTC The European club announced the partnership with Anycoin Direct earlier this week, highlighting that...Read More
