Tagged: alex adelman

Coinbase Shares Rise as Bitcoin Nears New Highs

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, saw its shares rocket higher almost 17% yesterday, nearing 52-week highs. The rally is poised to continue today as in pre-market trading, shares are up by almost 7% – which means Coinbase may open at over… Read More

Bitcoin at $50,000

Bitcoin (BTC) traded above $50,000 today for the first time in a long time. Not since the end of 2021 has Bitcoin traded above this key mark – topping $64000 – its all time high. Bitcoin is the most popular crypto and the only one… Read More

The SEC Approves Bitcoin ETFs

After a false start yesterday, the Securities and Exchange Commission has filed an Order granting approval for eleven spot Bitcoin ETFs to trade on national exchanges. According to the document: “NYSE Arca proposes to list and trade shares of (1) the Grayscale Bitcoin Trust3 and… Read More

Bitcoin Starts 2024 at Over $45,000

The Bitcoin bull is back, it seems. Bitcoin (BTC), the most popular crypto in the world, is currently trading at just under $46,000. Bitcoin’s market cap is almost $900 billion. This is below its all-time high, which was in late 2021, when Bitcoin traded around… Read More

Bitcoin Tops $40,000 in Anticipation of ETF Approval,

Bitcoin has experienced a resurgence in interest in anticipation of a possible Exchange Traded Fund (ETF) approval as multiple firms are poised to move quickly and offer a spot ETF if approved by the Securities and Exchange Commission (SEC). While the SEC has long battled… Read More

Bitcoin Tops $33,000 as Expectations Rise a BTC ETF is Coming Soon

Bitcoin has increased by over 18% today, now trading at over $33,000. Just yesterday, Bitcoin was trading under $30,000. Bitcoin has always been a volatile digital asset that gyrated quickly in price – sometimes without an apparent catalyst. The most popular crypto in the world… Read More

Lolli, Enclave CEOs Comment on Ripple – XRP Ruling

The court ruling on the SEC v. Ripple – XRP case has generated renewed hope that the SEC will have to back away from its current regulation-by-enforcement approach when it comes to digital assets. CI has received multiple comments from industry insiders and digital asset… Read More

Bitcoin Tops $30K as Bulls Return to Favorite Crypto

Bitcoin (BTC) has regained a certain amount of luster in recent days.  In the past 24 hours, Bitcoin has risen from over $27,000 to now topping $30K. Much of this crypto exuberance is due to the announcement that BlackRock had filed to launch a Bitcoin… Read More

BlackRock Subsidiary Files S-1 for Bitcoin ETF

BlackRock subsidiary iShares has filed an S-1 registration statement for a Bitcoin-based exchange-traded fund (ETF). The iShares Bitcoin Trust aims to reflect the performance of the price of Bitcoin, similar to the other ETFs that have attempted to do the same. To quote the registration… Read More

As Fear of Bank Contagion Rises, So Does Bitcoin as Top Digital Asset Shines in Volatile Environment

While US Secretary of the Treasury Janet Yellen claims the situation is stabilizing – not everyone in the banking sector is as certain.  Typically considered a mundane sector of finance and investing, US banks have tanked as everyone became aware of problematic balance sheets. While… Read More

Lolli Founder Comments on Brazil Approving Legislation Regulating Crypto

Yesterday, the Brazilian President signed into law a framework for regulated crypto. Law 14,478/22 determines the guidelines for regulating the provision of virtual asset services. Digital assets deemed to be securities will be regulated by the Brazilian Securities and Exchange Commission. Another entity will regulate… Read More

Crypto Calamity: Comments on FTX Disaster – “FTX has irrevocably changed the crypto ecosystem”

Perspective on the FTX disaster has been filtering in as more details surface. Below are several recently received observations from various industry insiders. Alex Adelman, CEO & Co-founder of Lolli – a Bitcoin rewards app, says the implosion of FTX has “irrevocably changed the crypto… Read More

Lolli Turns Any Credit Card into a Bitcoin Rewards Card

Bitcoin reward app Lolli says its new version app on iOS and Android will incorporate “Lolli Card Boosts” – a feature designed to allow users to earn up to 10%  in Bitcoin rewards for in-store purchases. Lolli explains that with Boosts, anyone’s credit or debit… Read More

Lolli CEO Slams New York’s Crypto Mining Ban

The New York state legislature has approved a bill that would commence a moratorium on crypto mining operations. The bill was designed as an attempt to mitigate emissions caused by crypto mining which tends to be an energy-intensive process as servers compete to create and… Read More

Bitcoin Rewards Company Lolli Inks StubHub Deal

Bitcoin rewards company Lolli today announced a partnership with StubHub. It will give users the ability to earn up to six per cent bitcoin back on tickets for sporting events, theatre and concerts. StubHub will join more than 1,000 other retailers offering bitcoin rewards with… Read More

Bitcoin Rewards Firm Lolli Raises $10 Million Series A

Bitcoin rewards startup Lolli has closed on a $10 million Series A funding round, according to a note from the company. The funding was led by Acrew Capital with participation from Banana Capital, Up North Management, and Animal Capital. Investments included the backing from social… Read More

Bucking the Tide: Shopify Joins Libra Consortium

In a release today, Shopify announced that it had joined the Libra Association, the entity in charge of launching Facebook’s proposed non-sovereign digital currency. Shopify appears to have ignored the trend where multiple members have exited the consortium as it has become more apparent that… Read More

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