Tagged: bitcoin

Payments Firm Square Reports $875 Million in Bitcoin (BTC) Revenue via Cash App during Q2 2020

Payments company Square (NYSE:SQ) reported on August 4, 2020, that it generated $875 million in Bitcoin (BTC) related revenue through the company’s popular Cash App service during Q2 2020. Overall, Square reported a big beat topping analyst expectations. The jump was driven in part from… Read More

Alex Mashinsky from Celsius Network Argues that the Ethereum based Lending Platform Is Better than its DeFi Competitors

Alex Mashinsky, the founder of several notable startups such as Arbinet, VoiceSmart, GroundLink, and currently the CEO at the Celsius Network, an Ethereum-based lending platform, notes that Celsius is a member organization. He explains during an interview featured on Bloxlive.tv that the company’s job is… Read More

Compliant Cryptocurrency Derivatives Exchanges Accounted for Only 1% of the Trading Volume of the Sector During Q2 2020 with $21.62 Billion in Reported Volume

The overall performance of the nascent cryptocurrency market during Q2 2020 was not as good as it was when compared to the previous quarter. According to Token Insight, the main reason for the relatively poor performance this past quarter may be attributed to very little… Read More

CoolBitX Partners with Payment Processor BitPay to Support Cryptocurrency Purchases Directly from Hardware Wallet

Blockchain security firm CoolBitX is focused on developing the infrastructure to bridge the gap between mainstream financial institutions and the nascent crypto-asset sector. On July 30, 2020, CoolBitX revealed that it has teamed up with BitPay, the leading provider of cryptocurrency payment services. As mentioned… Read More

Crypto Markets are Plagued with Manipulation, “Endless” Wash Trading, but Industry Execs are Confident about H2 2020 Performance: Report

The digital asset trading market did not perform as well during Q2 2020 when compared to Q1 2020, according to an industry research report from Token Insight. According to the report, the relatively poor performance of the crypto market during Q2 2020 may be attributed… Read More

$5.7 Billion+ Cryptocurrency related Scam, Plus Token, Targeting Millions of Investors, Leads to Over 100 Arrests

Authorities in China have reportedly arrested 27 suspects who are allegedly responsible for conducting one of the largest cryptocurrency related scams, which is now well-known as the Plus Token Ponzi scheme. The arrests were made following extensive investigations by local agencies including China’s Ministry of… Read More

P2P Bitcoin Marketplace Paxful Reveals that Russians are Turning to Cash and BTC Due to Economic Uncertainty Resulting from COVID-19

Peer to peer Bitcoin marketplace, Paxful claims that there’s now a growing interest in the use of P2P Bitcoin (BTC) trading platforms in Russia. According to a release shared with Crowdfund Insider, many Russians have been turning to cash and BTC during these times of… Read More

Chainalysis Introduces New Website, Market Intel, which gives Digital Asset Managers and Regulators Access to Meaningful Insight about Crypto Activity

Leading blockchain analysis firm, Chainalysis, which recently secured $49 million in capital through a Series B round, announced on July 27, 2020, that it has launched Market Intel, its newly designed website for asset managers and regulatory agencies. The new site may be used to… Read More

Singapore based Digital Asset Firm Matrixport to Launch Bit.com, a Crypto Derivatives Exchange

Singapore-based Matrixport, a company that aims to serve as a gateway to the digital economy where users can trade, custody, invest, and borrow digital assets through a single, unified platform, has launched Bit.com, a cryptocurrency derivatives exchange. Founded in February 2019, Matrixport describes itself as… Read More

Digital Asset Investment App Provider Abra Launches Interest Accounts Offering Up to 9% Interest per Annum on Deposits

Abra, the provider of a digital asset investing app, revealed on July 28, 2020, that it has launched new Abra Interest Accounts that offer investors an opportunity to earn as much as 9% interest p.a. on their crypto deposits and certain USD backed stablecoins. As… Read More

Digital Asset Exchange OKEx Introduces Daily Options Trading for Cryptocurrencies, Adds Support for Synthetix (SNX), a DeFi Protocol

Crypto-asset exchange OKEx, which offers spot and derivatives trading with digital currencies, recently added three more expiration dates to its options trading. They include options trades that may be settled daily, after every two-day period, and monthly. OKEx had already been offering weekly, bi-weekly, quarterly… Read More

Sky Guo, Founding Member at OMFIF Digital Monetary Policy Institute, Explains why Interoperability Is an Important Aspect of Central Bank Digital Currencies, or CBDCs

  We recently caught up with Sky Guo, a founding member at the OMFIF Digital Monetary Institute, the global central banking think tank that assists policymakers with understanding central bank digital currencies (CBDCs). Guo, who’s also the founder of Cypherium, which focuses on enabling interoperability… Read More

NULS, a Microservices-based Blockchain for Enterprises, Completes Phase 1 of its Nerve Network, a Decentralized Digital Asset Service

NULS, a modular microservices-based blockchain network for enterprise software development, has introduced a formal strategy that aims to bridge into the decentralized financial (DeFi) sector of Ethereum (ETH). The new strategy aims to take advantage of the rising public interest in the DeFi space. NULs… Read More

More than 7.1 Million Bitcoin (BTC) Investors in the US haven’t Allocated the Digital Asset to their Retirement Accounts, Kingdom Trust CEO Reveals

Ryan Radloff, CEO at Kingdom Trust, an independent qualified digital asset custodian that’s regulated by the South Dakota Division of Banking, has confirmed that most US residents don’t hold any Bitcoin (BTC) in their retirement accounts. Radloff, whose comments came during a recent interview with… Read More

Ontario Securities Commission Settles with Coinsquare Executives Regarding Inflated Trading Volumes: 90% of the reported trading volume had no economic substance

The Ontario Securities Commission (OSC) has approved a settlement agreement with Coinsquare Ltd., a top crypto exchange based in Canada. According to the OSC, Coinsquare executives  Cole Diamond, Virgile Rostand and Felix Mazer have settled allegations of market manipulation on the Coinsquare platform that mislead… Read More

ShapeShift Announces New Bitcoin Mobile App

  ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, announced on Wednesday the launch of its Bitcoin mobile app. According to ShapeShift, the app allows users to buy, trade, and transfer digital assets such as Bitcoin and Ehtereum without using… Read More

Bitcoin Point-of-Sale Provider DigitalMint Announces Partnership With Finance Service Software Company Answers, Etc.

  DigitalMint, a U.S.-based Bitcoin point-of-sale provider, announced on Monday it has formed a partnership with Answers, Etc., a financial services software provider. DigitalMint reported that by integrating with Answers, Etc.’s financial service center point-of-sale system, Tier3, the collaboration will provide a “simple” way for… Read More

Bitcoin and Other Blockchain Networks May Not be Decentralized as Recent Cloudflare Outage led to Lower BTC Transaction Confirmations

San Francisco-based Cloudflare, a web-infrastructure and website-security firm, offering content-delivery-network services, DDoS mitigation, Internet security, and distributed DNS services, experienced downtime again on July 17, 2020. Whenever Cloudflare goes down or has some other type of technical difficulties, it immediately affects millions of websites that… Read More

Explosive DeFi Growth Reported, after Cryptocurrencies Crashed on Black Thursday just like Traditional Financial Markets

The first half of 2020 has been negatively impacted by the global COVID-19 outbreak, including the nascent Bitcoin (BTC) and the alternative asset sector. Several blockchain and crypto firms such as TAGZ, an Australian digital currency exchange, and investment company Adaptive Capital have been forced… Read More

Malaysian Securities Commission Warns that Operating a Crypto ATM without Authorization May Result in 10 Years Prison Sentence and Heavy Fines

The Securities Commission Malaysia (SC) recently warned local consumers and businesses against the usage of Cryptocurrency Automatic Teller Machines (Crypto ATMs). Crypto ATMs are machines that let individuals purchase and sell digital assets through cash, debit or credit cards or electronic wallets. These machines have… Read More

Send this to a friend