Tagged: bitcoin

February 15, 2022 @ 6:01 pm By JD Alois  |  

Bitcoin started 2022 at around $47,000 but it has been downhill from there. In January, BTC bounced around $33,000 representing a serious haircut for holders that entered the market at the end of 2021. Today, Bitcoin is struggling to regain its crypto-sea legs as it… Read More

February 15, 2022 @ 3:05 pm By Omar Faridi  |  

The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More

February 14, 2022 @ 10:57 am By Omar Faridi  |  

Stephen Palley. Partner, Anderson Kill. Chair, Technology, Media & Distributed Systems Group, noted that an FBI agent once told (with “false modesty to be sure”) that their biggest breaks often “come not from law enforcement genius but from mistakes by their targets.” Palley further noted… Read More

February 14, 2022 @ 9:51 am By Omar Faridi  |  

Many people have come to own and embrace crypto-assets because of a powerful sense of mission that includes: fairness and efficiency meaning a desire to see transferring money more like sending a text message — “instantaneous and low cost to all, and not something that… Read More

February 11, 2022 @ 8:46 am By Omar Faridi  |  

Bitcoin payment provider OpenNode has finalized a $20 million Series A round that was led by U.K. firm Kingsway at a $220 million valuation in order support its international  expansion. Other participants in OpenNode’s investment round include Twitter, venture capital investor Tim Draper and Avon… Read More

February 10, 2022 @ 10:32 am By Omar Faridi  |  

GMX, a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, is currently live on Avalanche. Via this integration, users are able to trade AVAX, BTC, and ETH “with up to 30x leverage, with lower risk verifiable liquidation directly… Read More

February 10, 2022 @ 8:18 am By Omar Faridi  |  

Deel, a Fintech that has been co-founded by Alex Bouaziz, has been expanding its business operations and focusing on UK-based firms. Deel, a remote worker platform, has started taking digital currency payroll payments from firms, which it then provides to working professionals wherever they might… Read More

February 9, 2022 @ 8:35 am By Omar Faridi  |  

On August 2, 2016, Bitfinex – notably one of the largest virtual currency exchanges in the world – experienced a massive security breach. In a span of fewer than two hours, around 120,000 Bitcoins (BTC) had been stolen from Bitfinex and spread across 2,075 different… Read More

February 9, 2022 @ 8:07 am By Omar Faridi  |  

The team at MoonPay notes that they are pleased to announce that they are now live with CoinGate. This integration, which has been announced after a $555 million Series A at a $3.4 billion valuation, makes it easier for CoinGate’s users to purchase Bitcoin, Ethereum,… Read More

February 8, 2022 @ 10:38 am By Omar Faridi  |  

KPMG in Canada has reportedly completed an allocation of crypto-assets to its corporate treasury, the company’s first direct investment in digital assets. The allocation includes Bitcoin (BTC) and Ethereum (ETH), as well as carbon offsets to “maintain a net-zero carbon transaction to deliver on the… Read More

February 7, 2022 @ 8:04 pm By Omar Faridi  |  

Didi Taihuttu, who is a member of “Bitcoin Family,” is reportedly settling down in Portugal, which is one of Europe’s crypto tax havens, according to a report by CNBC. Settling down in Portugal is a huge deal for the family of five (originally from Netherlands),… Read More

February 4, 2022 @ 3:20 pm By Martin Cheek  |  

The role that cryptocurrency plays in money laundering is hotly debated. Some say that the anonymity afforded by currencies like Bitcoin makes it easier for criminals to shift funds undetected, while others argue that the blockchain and it’s unchangeable, publicly visible ledger actually provide far… Read More

February 4, 2022 @ 12:47 pm By Tony Zerucha  |  

India is to tax and regulate Bitcoin and crypto after previously considering a ban, which could be the next step towards making it legal tender in the country, suspects deVere Group CEO Nigel Green. Green’s assessment comes as Indian Finance Minister Nirmala Sitharaman announced a… Read More

February 4, 2022 @ 12:17 pm By Tony Zerucha  |  

New research from GNY, a blockchain-based machine learning business, reveals that of those people who trade at least $1,000 a month in Bitcoin, 25 per cent are trading $4,000 or more.  Just 11 per cent say they trade around $1,000 a month, with 34 per… Read More

February 3, 2022 @ 9:06 am By Omar Faridi  |  

The team at digital asset firm Gemini notes that there has been a considerable decline across the wider crypto market, including Bitcoin, since the beginning of 2022. However, Gemini points out in a report shared with CI that non-fungible tokens (NFTs) are “thriving.” The update… Read More

February 2, 2022 @ 8:30 am By Omar Faridi  |  

Chivo, which claims to be the world’s first national cryptocurrency wallet, is currently operating with AlphaPoint white label infrastructure. AlphaPoint, which offers fast, scalable financial technology to institutions internationally, is helping El Salvador to provide financial services and access to Bitcoin for almost 4.5 million… Read More

January 31, 2022 @ 7:14 pm By JD Alois  |  

Last week, several Senate and House Democrats sent a letter to established crypto miners.  The letter queried miners on the negative impact on the climate due to high energy usage caused by mining crypto, like Bitcoin. The letter was signed by Senators Elizabeth Warren, Sheldon… Read More

January 31, 2022 @ 11:07 am By JD Alois  |  

Digital asset trading tanked during January, a statement that should come as no surprise to industry observers. CryptoCompare, a digital asset data provider, states that Bitcoin trading sunk by 23.3%, and Ethereum performed even worse dropping by 36.9%. This is in contrast to all-time trading… Read More

January 30, 2022 @ 12:21 pm By Omar Faridi  |  

Kazakhstan, which is reportedly the world’s second-largest miner of Bitcoin (BTC), the flagship cryptocurrency, has closed down its digital currency mining operations until the end of this month. Kazakhstan‘s State electricity provider KEGOC decided to cut off the supply to the virtual currency miners after… Read More

January 29, 2022 @ 10:46 am By Omar Faridi  |  

Paul Krugman, an American economist and public intellectual, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, has warned consumers about the volatile virtual currency markets. Krugman, a Nobel-prize-winning economist, has compared the fast-evolving cryptocurrency markets to the… Read More