Tagged: bitcoin

July 5, 2022 @ 2:36 pm By JD Alois  |  

Coinshares has published its weekly report which shares that there was a record amount of inflows into the new Bitcoin short product. ProShares Short Bitcoin Strategy (NYSEArca:BITI) was launched at the end of last month and is designed to provide investors a path to profit… Read More

July 3, 2022 @ 8:37 pm By Omar Faridi  |  

Coinbase Tracer, the analytics division of the digital asset firm Coinbase (NASDAQ:COIN), has reportedly committed to a contract with US Immigrations and Customs Enforcement that will allow the agency to gain access to various features and data caches. This would include historical geo tracking data… Read More

June 30, 2022 @ 12:23 pm By JD Alois  |  

Largest CFTC Enforcement Action Ever Involving Bitcoin. The Commodity Futures Trading Commission (CFTC) has announced its largest enforcement action regarding Bitcoin ever. According to the CFTC, charges have been filed in a case involving a South African individual, Cornelius Johannes Steynberg, and his organizations involving… Read More

June 30, 2022 @ 12:07 pm By JD Alois  |  

Bitcoin is bombing once again – proving if anything, that the world’s most popular digital asset is a great vehicle for volatility and swing trading. While it could be the overall slumping markets as traditional assets are lower too, or perhaps it is the fact… Read More

June 30, 2022 @ 9:26 am By JD Alois  |  

Grayscale’s most recent attempt of migrating Bitcoin-based GBTC, traded on OTC Markets, to an exchange-traded fund (ETF), has been denied. In an Order posted by the SEC yesterday, the Commission disapproved a proposed rule change that would have allows the spot Bitcoin ETF to trade… Read More

June 27, 2022 @ 9:40 pm By JD Alois  |  

Grayscale, a digital asset platform that provides access to retail investors, has posted a letter in advance of the SEC’s 240 day deadline to respond to its request to migrate Grayscale Bitcoin Trust (GBTC) to an exchange-traded fund (ETF). The letter is signed by Michael… Read More

June 21, 2022 @ 4:01 pm By JD Alois  |  

Senator Cynthia Lummis and Representative Patrick McHenry, along with several other elected representatives, have sent a letter to Michael Regan,  the Administrator ot the Environmental Protection Agency (EPA), telling the official to consider the benefits of crypto mining before considering any regulation that could impact… Read More

June 21, 2022 @ 1:24 pm By Omar Faridi  |  

Nearly all crypto tokens fall into one of two categories: Layer 1s and Layer 2s, according to an update from Chainalysis. Chainalysis writes in a report that Layer 1s are tokens “with their own blockchains, while Layer 2s are built on top of Layer 1… Read More

June 18, 2022 @ 2:45 pm By JD Alois  |  

Bitcoin, along with the broader crypto market, continues to sink lower having finally breached the $20,000 mark  – now trading at around $18,500. It was just last November that Bitcoin was hitting new all-time highs of around $68,000. Bitcoin last traded under $20K back at… Read More

June 18, 2022 @ 1:54 pm By Omar Faridi  |  

Visa (NYSE: V) has introduced Latin America’s first crypto cards, through partner firms based in Brazil and Argentina. Working cooperatively with Fintech startups and other companies in the region, Visa will reportedly issue cards that allow consumers to receive Bitcoin (BTC) cashback with each  payment… Read More

June 13, 2022 @ 8:11 am By JD Alois  |  

There is a rush for the exits in the crypto markets it seems. Yesterday, Celsius – a “new economy” digital asset platform that provides services similar to banks but with crypto, announced it was halting all withdrawals, transfers, and swaps due to the collapsing market…. Read More

June 8, 2022 @ 7:00 am By JD Alois  |  

Edge says it is launching a completely private, no KYC debit Mastercard in the US. The new card may be directly funded with Bitcoin, Bitcoin Cash, Dogecoin, Litecoin , and Dash. The announcement of the card was made at Consensus. The “confidential Mastercard” touts its… Read More

June 7, 2022 @ 4:00 pm By JD Alois  |  

The past few months have been difficult for crypto markets AND traditional securities. Both markets have flailed as inflation has rocketed higher and the Federal Reserve moves to battle rising prices by ending quantitative easing and raising interest rates. Crypto, once viewed as “digital gold”… Read More

June 5, 2022 @ 6:41 pm By Omar Faridi  |  

Prices of digital assets crashed in early May 2020, when Bitcoin (BTC) fell almost 32% from $39,500 to $27,000 within only a week. The team at Kraken asks, “Could this be the beginning of a long crypto winter?” Or do the on-chain metrics “tell a… Read More

June 3, 2022 @ 4:13 pm By JD Alois  |  

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

June 3, 2022 @ 2:46 pm By JD Alois  |  

  The state legislature of New York has approved legislation that establishes a moratorium on cryptocurrency mining operations that use proof-of-work to validate blockchain transactions. The aim is to mitigate the utilization of of electricity that can drive carbon emissions. According to the language of… Read More

June 2, 2022 @ 2:34 pm By JD Alois  |  

Gemini Trust Company is the target of an enforcement action filed by the Commodity Futures Trading Commission (CFTC). The complaint was filed in the U.S. District Court for the Southern District of New York against Gemini for making false or misleading statements of material facts… Read More

May 29, 2022 @ 4:59 pm By Omar Faridi  |  

Blockware Solutions (BWS), which claims to be an industry “leader” in blockchain infrastructure and Bitcoin mining, is pleased to form a partnership with SEVA. Blockware Solutions has initiated a large-scale 150-megawatt development “to expand its Bitcoin mining operations in SunPark, an extension of Rock Creek… Read More

May 26, 2022 @ 6:30 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE and MoonPay, the international crypto payments infrastructure provider, has announced the integration of MoonPay’s services into the ZEBEDEE app for Bitcoin gaming, “allowing gamers to top up their Bitcoin balance with credit or debit cards without ever leaving ZEBEDEE.” The worlds of… Read More

May 26, 2022 @ 1:24 am By Omar Faridi  |  

RELAI, the savings and investment app, has secured €2,159,470 in capital as part of its latest funding round. After a strong private phase, which saw €1.2m invested by the likes of Redalpine, “more than 850 investors have joined the table, contributing an additional €970,000, surpassing… Read More