Tagged: bitcoin

May 12, 2022 @ 10:54 pm By JD Alois  |  

The past few weeks have been tough for investors. Both traditional markets and crypto markets have been battered. Expectations for much higher interest rates, aiming to mitigate crushing inflation, means the pain is here to stay – at least for a while. Regarding stock markets,… Read More

May 9, 2022 @ 9:11 pm By JD Alois  |  

Genesis, a HNW and institutional crypto prime brokerage, has distributed its April report on digital asset markets and it is rough. According to Genesis, Bitcoin delivered its worst April on record, with a drop of approximately 18%. Of course, we are part way through May… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 8, 2022 @ 4:45 pm By JD Alois  |  

Senator Elizabeth Warren and Senator Tina Smith have sent a letter to Abigail Johnson, CEO of Fidelity Investments, taking her to task for allowing investors to include Bitcoin in their retirement accounts. Late last month, Fidelity announced the move claiming its workplace Digital Assets Account… Read More

May 6, 2022 @ 10:06 am By JD Alois  |  

Bitcoin, once pitched as a non-correlated asset to more traditional markets appears to be chasing the NYSE and NASDAQ lower. Public markets tanked yesterday, as the Dow lost over 1,000 points, and the NASDAQ Composite dumped almost 5%, becoming the single worst day for markets… Read More

May 4, 2022 @ 3:34 pm By JD Alois  |  

As was widely anticipated, the Federal Reserve raised its benchmark rate by 50 basis points. Simultaneously, the Fed said it would be significantly reduce its balance sheet as it battles fast-rising inflation. The increase was the largest increase since 2000. In the Federal Open Market… Read More

May 3, 2022 @ 10:12 am By Omar Faridi  |  

Ukraine and Russia lead the list of countries “with higher crypto adoption rates, with 12.73% and nearly 12%, respectively,” according to an update from DappRadar. DeFi transactions in Q1 hit the lowest levels since February 2021, “while the 116 million NFT transactions across all blockchains… Read More

April 28, 2022 @ 8:29 am By Omar Faridi  |  

21Shares AG, which claims to be the largest issuer of cryptocurrency exchange traded products (ETPs), has announced the listing of the 21Shares ByteTree BOLD ETP (BOLD) on the SIX Swiss Exchange, the “world’s first” ETP that combines Bitcoin and Gold. BOLD has been developed “in… Read More

April 27, 2022 @ 10:53 am By JD Alois  |  

Blockmetrix, a Dallas-based Bitcoin mining operation, says it has raised $25 million in debt financing to acquire crypto mining computers. The funding was provided by BankProv, a crypto-friendly commercial bank, and CrossTower. The money is said to be an upgrade from an initial $5 million… Read More

April 26, 2022 @ 10:32 am By JD Alois  |  

Fidelity has long had an interest in the emerging digital asset sector and today the company is taking it a step further by enabling users of its service to hold Bitcoin in 401K retirement plans. Fidelity’s workplace Digital Assets Account (DAA) is said to be… Read More

April 26, 2022 @ 9:00 am By Omar Faridi  |  

Compass Mining , which claims to be the first and largest online marketplace for Bitcoin mining hardware, hosting, and reselling, recently revealed the release of their Home Mining Guide, which “details information on set up, maintenance, repair, and research for home bitcoin mining.” As it exists, there are many “knowledge… Read More

April 21, 2022 @ 8:48 pm By Omar Faridi  |  

21Shares AG, a Swiss-based issuer of crypto Exchange Traded Products (ETPs), and the leading ETF provider, ETF Securities have “launched two funds that offer simple, cost-effective and direct access to cryptocurrency investments.” ETFS 21Shares Bitcoin ETF is “the first Australian ETF to invest directly in… Read More

April 19, 2022 @ 11:17 pm By Omar Faridi  |  

Impervious Technologies Inc. is pleased to confirm the close of their seed financing round, with participation from Bitcoin and privacy-focused investors including CoinShares, NYDIG, Trammell Venture Partners, Fundamental Labs, Strategic Cyber Ventures, TEN-31 and others “to scale the Peer-to-Peer (P2P) internet standard.” As noted in… Read More

April 19, 2022 @ 8:34 am By Omar Faridi  |  

CipherTrace, a Mastercard Company, has reported a significant increase in the number of payments “made to ransomware groups in 2021.” The growth in this criminal enterprise “is so large that the first six months of 2021 saw payments that matched the whole of 2020.” With… Read More

April 18, 2022 @ 10:47 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE and mobile gaming studio Fumb Games recently announced the release of Bitcoin Miner, which is “an idle mobile game that pays players real Bitcoin for managing a simulated crypto mining business.” The game represents “an interesting fusion of gaming and Fintech, as… Read More

April 16, 2022 @ 11:51 am By Omar Faridi  |  

Gemini, a digital currency platform to buy, sell, earn, and store crypto, recently announced that the Gemini Credit CardTM is now available “in all 50 U.S. states.” Cardholders can “earn up to 3% crypto back on dining+, 2% crypto back on groceries, and 1% crypto… Read More

April 14, 2022 @ 2:43 pm By Omar Faridi  |  

  Quontic Bank announced that it has introduced the “first-ever” tap-to-pay mobile payment ring to the US market. Quontic is an “innovative,” “digital-first,” and “customer centric” bank on a mission “to redefine how a bank and its customers conduct business.” Steve Schnall, CEO and Founder… Read More

April 12, 2022 @ 5:17 pm By Omar Faridi  |  

According to a Nasdaq survey of 500 financial advisors who are “currently or considering allocating to crypto,” 72% of advisors would be “more likely to invest client assets in crypto if a spot ETF product were offered in the United States.” Among advisors already investing… Read More

April 10, 2022 @ 6:34 pm By Omar Faridi  |  

Strike, which claims to be the leading virtual payments platform built on Bitcoin’s Lightning Network, recently announced its integration with Shopify, unlocking the ability for eligible U.S. Shopify merchants “to receive bitcoin payments from customers globally as U.S. dollars.” Jack Mallers, founder and CEO of… Read More

April 6, 2022 @ 11:57 am By JD Alois  |  

Yesterday, the U.S. Department of the Treasury sanctioned dark web marketplace Hydra Market, labeling it a pernicious site for malicious cybercrime services, dangerous drugs, ransomware, and other illicit activity. Hydra Market is said to be based in Russia. Also sanctioned, Garantex is a crypto exchange… Read More