Tagged: bitcoin

May 25, 2022 @ 2:51 pm By Omar Faridi  |  

Mercado Bitcoin, which claims to be the largest exchange in Latin America, has teamed up with the Stellar Development Foundation (SDF) in order to develop one of the nine projects selected for the LIFT Challenge Real Digital, “a collaborative environment carried out by the Central… Read More

May 24, 2022 @ 12:47 pm By JD Alois  |  

Noelle Acheson, Head of Market Insights at Genesis, has distributed some perspective on why crypto correlations spike during times of “uncertainty.” Markets have been in a tumble – both crypto and traditional markets have retrenched as fears of a looming recession along with Giga high… Read More

May 22, 2022 @ 10:47 pm By Omar Faridi  |  

StoneX Markets LLC, a subsidiary of StoneX Group Inc., a provider of execution, post-trade settlement, clearing and custody services across asset classes and markets worldwide, has announced that it successfully “executed and settled its first cash-settled BTC/USD swap.” The counterparty to the trade was one… Read More

May 21, 2022 @ 2:17 am By Omar Faridi  |  

flatexDEGIRO AG, which claims to be Europe’s largest and “fastest-growing” retail online broker and Boerse Stuttgart Group, Europe’s sixth largest exchange group, recently announced the signing of a Memorandum of Understanding (MoU) on a partnership in crypto trading. This will “give flatexDEGIRO customers direct access… Read More

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