Approximately 8 out of 10 wealth managers and institutional investors from the US, France, Germany, the UAE, and the UK said they would enhance their crypto exposure between now and 2023. 40% of them plan to “dramatically increase their holdings.” High Hopes on Crypto A recent survey conducted by a European investment manager dedicated to...Read More
The European Union is set to launch a new agency to take severe measures on money laundering across its borders. Cryptocurrencies have the ability to take part in illicit financial operations as well, and the new department will put them under its scope of regulations. Crypto Under The Radar of the EU According to a...Read More
Bitcoin failed to produce any notable gains over the past week, and the same can be said about the entire cryptocurrency market. It appears that the most recent regulatory clampdown in China and talks of legislation in other countries continue to take their toll. At the time of this writing, BTC is trading at around...Read More
The newly launched cryptocurrency Baby Doge Coin will make its debut on NASCAR this Saturday. The professional racer Brandon Brown will drive his No. 68 Chevrolet Camaro, branded with the asset’s symbol. Baby Doge on the Runway The fans of the recently launched digital asset – Baby Doge Coin – will have the chance to...Read More
Tesla’s CEO Elon Musk believes transactions costs and speeds using bitcoin and ether are expensive and slow at the base layer. Instead, he indicated that the meme coin that started as a joke – Dogecoin – could serve as a solution as it minimizes the fees. The popular cryptocurrency YouTuber Matt Wallace, lately focusing on...Read More
A month after dabbling with the idea of developing a BTC hardware wallet, Square’s Jesse Dorogusker said the company has decided to do it. He outlined the community’s engagement as the primary reason behind the firm’s decision. CryptoPotato reported in early June when Jack Dorsey, the CEO of Square and a prominent Bitcoin bull, said...Read More
Just a few months after bashing bitcoin for its enhanced volatility and supposed impracticality, Bank of America has reportedly set up a new designated research team to look into digital assets. Citing an internal memo, Bloomberg reported earlier that the giant US multinational investment bank is the next in line to join the cryptocurrency bandwagon....Read More
Global fintech firm and developer of the USDC stablecoin, Circle, has revealed that it will be going public on the New York Stock Exchange (NYSE) via a new business alliance. According to an official announcement today, Circle has partnered with Concord Acquisition Corp, a publicly traded special purpose acquisition company (SPAC) with more than $276...Read More
After the US regulator postponed its decision about VanEck’s BTC ETF attempt, the watchdog has done the same with the application filed by Anthony Scaramucci’s SkyBridge Capital. CryptoPotato reported earlier this year when the global investment company based in NYC, SkyBridge Capital, filed with the SEC to launch a Bitcoin ETF. Should the product be...Read More
Barely two days since the launch of ShibaSwap, a DeFi platform coming from the popular Ethereum-based meme project, Shiba Inu, more than $1.5 billion worth of assets have been locked on the exchange. ShibaSwap Records $1.5 in TVL As with many DeFi projects, ShibaSwap also introduced a yield farming program that allows users to stake...Read More
Fan Yifei – a deputy governor of China’s central bank – expressed concerns that digital currencies, particularly stablecoins, could negatively impact the global financial system. Furthermore, he described the assets as “speculation tools.” PBoC Is ‘Quite Worried’ In a recent interview, the ex-Chairman of Shanghai Bank and a current deputy governor of the People’s Bank...Read More
Seoul’s Central Customs has started investigating 33 people involved in illegal overseas cryptocurrency transactions worth 1.69 trillion won or roughly $1.5 billion. The authorities have already fined 15 individuals and started prosecuting 14 of them. The remaining 4 suspects will be a subject of further investigation. IIlegal Transfers for Around $1.5B The daily newspaper in...Read More
In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities. Alchemy Integrates Polygon The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network. ...Read More
Guests of the Pavilions Hotels & Resorts can now pay for their accommodation with over 40 cryptocurrencies, including BTC and ETH. The service will be available from today – July 7th. An Exotic Adventure in Exchange for Crypto According to a recent press release, The Pavilions Hotels & Resorts partnered up with the cryptocurrency trading...Read More
Shortly after announcing a collaboration with Formula 1, CryptoCom has become an official partner of the Ultimate Fighting Championship. As a result, the popular exchange’s branding will appear on the fighters’ kit. According to a press release shared with CryptoPotato, the giant sports brand UFC has agreed to a fight kit deal with the cryptocurrency...Read More
The Knesset, Israel’s unicameral legislative body, could become the world’s first government entity to employ blockchain technology, and more specifically – NFTs. The incoming President Isaac Herzog will reportedly receive an NFT of the original oath signed by his late father – the nation’s sixth President. Born in 1960, Isaac Herzog is the President-elect of...Read More
A Maltese man is currently facing several charges alleging that he had fraudulently taken about $700,000 worth of crypto from his drinking companion. According to a Tuesday report by a local media outlet, several police officers testified against the suspect during the hearing of the case which took place before magistrate Donatella Frendo Dimech. He...Read More
The world’s leading cryptocurrency exchange has announced the hiring of Jonathan Farnell as the company’s new Director of Compliance. This comes as the firm faces enhanced regulatory scrutiny among multiple jurisdictions, including the UK. In a press release shared with CryptoPotato, Binance asserted that Farnell will be its new Director of Compliance to “help develop...Read More
Bitcoin investors have halted depositing their assets onto cryptocurrency exchanges and have actually started to withdraw substantial quantities, says on-chain data. Furthermore, it showed that most of the withdrawals came from retail investors, but whales and institutions have also accumulated BTC lately. Exchange Withdrawals to Early Highs Data from CryptoQuant highlighted the recent trends in...Read More
Despite the most recent downturn in the entire cryptocurrency market, a London-based asset manager is reportedly considering investing in digital assets. According to a report from the Financial Times from today, Marshall Wace, a London-based asset management company with over $55 billion in AUM, considers a foray into the cryptocurrency market. Citing people familiar with...Read More
European digital asset manager, CoinShares International Limited, has recently announced that it will be acquiring Elwood Technologies’ Exchange-traded Fund (ETF) index business for $17 million. In an official blog post, CoinShares revealed that the deal will be finalized in the second week of July and will settle via an equity swap, through the issuance of...Read More
The People’s Bank of China has shut down a local firm suspected of providing various software services to cryptocurrency businesses. As it happened during previous negative actions, the price of bitcoin fell rapidly after the news broke. In the latest statement on the matter, China’s central bank has closed down a firm called Beijing Tongdao...Read More
The Swiss banking giant UBS sounded a note of caution to its customers that regulatory crackdowns can pop the “bubble-like” crypto markets. Furthermore, they said bitcoin might become an unsuitable option for professional investors. Beware of Popping The Bubble In a recent note, the multinational investment bank – UBS Group AG – warned its clients...Read More
Following another drop to around $33,000, bitcoin has bounced off and neared $35,000 once again. The alternative coins, especially some connected to the DeFi sector, have seen more substantial gains, with Uniswap rising 11% and Aave and Compound jumping by more than 20%. DeFi Coins Surge by Double-Digits After marking minor losses yesterday, most of...Read More
The investment firm IBC Group, which has significant cryptocurrency mining operations in China, announced its intentions to close down all its Bitcoin and Ethereum mining facilities throughout the country. Instead, the organization plans to move its workers to Canada, the USA, the UAE, Kazakhstan, Iceland, and numerous South American nations. IBC Group Leaves China As...Read More
An ex-Cryptopia staffer admitted he stole nearly NZ$250,000 or about $170,000. He pleaded guilty on two charges – theft by a person in a special relationship and theft of more than NZ$1,000. How Did The Crime Occur? A former employee of the non-functional New Zealand cryptocurrency exchange, Cryptopia, confessed to stealing about $170,000 worth of...Read More
The number of ether coins held on exchanges continues to decrease and has reached its lowest position in more than two years. This comes as the tokens sent to the ETH 2.0 contract reached a new all-time high of over six million. ETH on Exchanges Down to a 2.5Y Low According to data from CryptoQuant,...Read More
Although Dogecoin’s popularity might be declining lately, other copycats continue to garner people’s attention, especially in the USA. CoinMarketCap’s stats show that tokens like Doge Killer, Baby Doge Coin, and Shiba Inu were among the most trending ones last week in the States, while Bitcoin and Ethereum were down the list. What Do Americans Look...Read More
Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong...Read More
On-chain data analysis firm Santiment reported that whales purchased 60,000 BTC in one day, making it the biggest daily accumulation this year. Bitcoin whales, in this context, are those big investors and institutions holding between 100 to 10,000 bitcoins in a single address. According to Santiment, these addresses currently hold a combined 9.12M bitcoins –...Read More
