Tagged: bitcoin

October 25, 2019 @ 4:04 pm By JD Alois  |  

Bitcoin is on a tear today rising in value by over 14% in the last few hours. Earlier this week, on the day Mark Zuckerberg took a shellacking from the US House Financial Services Committee, Bitcoin dumped 8%. While the trip to the House of… Read More

October 25, 2019 @ 1:55 pm By Omar Faridi  |  

Galaxy Digital Asset Management, a division of the full service, digital assets merchant bank Galaxy Digital LP, is reportedly planning to introduce two new Bitcoin (BTC) funds in November 2019. Galaxy will be offering the crypto funds to accredited investors so that they can get… Read More

October 24, 2019 @ 7:14 pm By Cali Haan  |  

Cash App, a mobile payments app developed by Square (NYSE:SQ) that allows peers to transmit money between cellphones, make retail payments, and cash out via credit card, “Cash Card” or ATM, has added stock trading as a feature. The development was announced October 24th on… Read More

October 24, 2019 @ 2:23 pm By JD Alois  |  

Announced during the CFTC Fintech Forward 2019 today, digital asset exchange Bakkt will start offering Bitcoin options beginning this December. Kelly Loeffler,  Chief Executive Officer of Bakkt, revealed the news during a panel discussion on “Re-imagining Markets: What Digitization Means … for Transactions, Custody, and… Read More

October 23, 2019 @ 4:18 pm By JD Alois  |  

During a 6 + hour hearing today, Mark Zuckerberg defended both Libra and Facebook in general in front of the influential House Financial Services Committee. During the day shares in Facebook (NASDAQ:FB) rose by over 2% as the market rose overall but also, perhaps, boosted… Read More

October 20, 2019 @ 12:24 pm By Omar Faridi  |  

Bittrex International, the Malta-based international division of the US-headquartered digital asset exchange Bittrex, will reportedly halt operations in Venezuela and 30 other nations. Bittrex’s management sent an email to its Venezuelan customers, noting that the exchange operator would suspend accounts and trading access to the… Read More

October 16, 2019 @ 10:25 pm By Omar Faridi  |  

Earlier this month, DrawBridge Lending (dba DBL Digital), a digital asset lending, borrowing and investment management firm, partnered with Kingdom Trust, a qualified custodian providing a self-directed IRA incorporating several digital assets with property and traditional asset investments. DBL Digital and Kingdom Trust aim to… Read More

October 16, 2019 @ 3:14 pm By Omar Faridi  |  

CipherTrace, the leading provider of cryptocurrency intelligence and blockchain security, announced on October 15 the launch of a comprehensive virtual asset tracing capability.  According to a press release shared with Crowdfund Insider, CipherTrace customers can trace Bitcoin (BTC) transactions and over 700 digital tokens following… Read More

October 16, 2019 @ 8:47 am By Omar Faridi  |  

Digital Currency Group (DCG) subsidiary Grayscale Investments, the largest institutional holder of Bitcoin (BTC), has published its Digital Asset Investment Report for third quarter 2019. The firm’s report highlights its record-breaking quarter. During Q3 2019, Grayscale attracted $254.9 million into its investment products, which is… Read More

October 11, 2019 @ 1:53 am By Cali Haan  |  

Following a confirmation from CEO Changpeng Zhao (CZ) on Twitter yesterday that the Binance cryptocurrency exchange will soon allow customers to their trading accounts using Alipay and WeChat, Alipay has tweeted to deny Zhao’s announcement, stating: “NO, you cannot…There’re several reports about @Alipay being used for… Read More

October 10, 2019 @ 7:50 pm By Cali Haan  |  

Besides injections of Tethers and high-profile proclamations of imminent six-figure Bitcoin valuations, rumours of institutional money shortly avalanching into crypto also fuelled Bitcoin’s parabolic bull run in late 2017. Similar claims of institutional crypto thirst were in the media made this summer, and a price… Read More

October 10, 2019 @ 2:52 pm By Cali Haan  |  

In a 112-page order, the US Securities and Exchange Commission (SEC) has rejected NYSE Arca’s request for a rule change to allow the company to sell a “Bitwise” Bitcoin ETF to retail traders. The proposal is believed to be the last remaining request for a… Read More

October 4, 2019 @ 12:05 pm By Omar Faridi  |  

BayernLB (Bavarian State Bank), a publicly regulated bank in Munich, Germany, recently published a report that analyzes the claim made by some investors that Bitcoin is outperforming gold. The report states that the “hardness” of an asset in the traditional commodities market is determined using… Read More

October 1, 2019 @ 9:22 am By Omar Faridi  |  

WEG Bank AG, a German bank that’s partly owned by blockchain-related organizations Nimiq, TokenPay, and the Litecoin Foundation, is reportedly preparing to accept cryptocurrency transactions on behalf of its clients next year.  WEG Bank AG CEO Matthias von Hauff said that the bank’s program is… Read More

September 30, 2019 @ 11:08 pm By Cali Haan  |  

Crypto whales holding large numbers of physical bitcoins may be timing big sell-offs to coincide with when their bitcoin futures contracts come due, researchers at Arcane Crypto claim. Timed or coordinated sell-offs drop the price of bitcoins, allowing the same traders to cheaply deliver on… Read More

September 30, 2019 @ 10:39 pm By Omar Faridi  |  

Los Angeles-based Wave Financial has introduced a cryptocurrency derivatives-based yield fund, called the Wave Bitcoin (BTC) Income and Growth Digital Fund. The fund will issue tokens based on cryptographic technologies that are similar to those used for issuing and transferring blockchain-based currencies, according to a… Read More

September 30, 2019 @ 1:33 pm By JD Alois  |  

The U.S. Commodity Futures Trading Commission (CFTC) has charged Jon Barry Thompson of Easton, Pennsylvania, with fraud. Thompson allegedly “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoin worth over $7 million.” The CFTC’s complaint alleges that Thompson… Read More

September 28, 2019 @ 3:48 pm By Omar Faridi  |  

IOVLabs, the parent company behind RSK’s open-source Bitcoin smart contract network, announced on September 27 its acquisition of Taringa, a Spanish-language social media network. IOVLabs has reportedly set aside $5 million in assets for developing products for Taringa, according to a release. The company’s management… Read More

September 27, 2019 @ 3:46 am By Omar Faridi  |  

The Lightning Network (LN)-compatible Fold App, which lets users purchase clothes and various other items and receive Bitcoin-back rewards, has added support for fiat currencies after completing its first investment round as an independent startup. The company recently spun out of crypto venture studio Thesis… Read More

September 25, 2019 @ 8:34 am By JD Alois  |  

SoFi CEO Anthony Noto visited the studios of CNBC today and during his interview he announced that SoFi will now allow its users to purchase and trade cryptocurrencies. Specifically, Bitcoin, Litecoin and Ethereum – three of the most popular virtual currencies. Noto stated, “cryptocurrency was the… Read More