Tagged: bitcoin

December 14, 2021 @ 10:59 am By JD Alois  |  

Bitfinex is reporting that it has recovered 6.51458211 Bitcoin from a hack that took place over 5 years ago in 2016. Bitfinex states that this recover was completed in partnership with Poloniex, another digital asset marketplace. Bitfinex states: “Recovery Right Token (RRT) holders will have… Read More

December 13, 2021 @ 11:26 am By JD Alois  |  

CoinShares reports that $88 million flowed into digital assets last week during a time of significant volatility as Bitcoin moves lower, well off of all-time highs. CoinShares adds that while some providers experienced inflows others experienced outflows representing as much as 11% of assets under… Read More

December 12, 2021 @ 1:56 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis recently announced product support for the Lightning Network (LN), which is a Layer-2 protocol built on the Bitcoin (BTC) blockchain that enables “faster, cheaper transactions.” With Lightning, small, recurring transactions that wouldn’t be economical to carry out on the blockchain due… Read More

December 7, 2021 @ 10:20 am By Omar Faridi  |  

Phase One of the NEVM launch is now officially complete, the Syscoin team announced in a recent update. Their Bitcoin-secured Layer 1 for EVM smart contracts “reached mainnet on block 1,317,500, December 6th, 2021,” according to an update shared with Crowdfund Insider. With this upgrade… Read More

December 6, 2021 @ 9:39 am By JD Alois  |  

After hitting a new all-time high last month, Bitcoin has tanked dramatically.  In the past 30 days, Bitcoin has dropped over 20% – no fun for investors that purchased the world’s most popular crypto asset at a higher price. Yet, this type of volatility for… Read More

December 5, 2021 @ 5:41 pm By Omar Faridi  |  

Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More

December 2, 2021 @ 10:27 am By Omar Faridi  |  

Digital assets firm Kraken notes that the beauty of the Bitcoin (BTC) network is that “anyone can participate in it without permission.” However, primarily out of convenience, most Bitcoin users “don’t run nodes and instead trust third parties such as centralized exchanges and wallet providers… Read More

December 2, 2021 @ 9:50 am By JD Alois  |  

Square (NYSE:SQ) is now Block. The name change and rebranding were announced yesterday in a statement that highlighted Square’s ongoing transition from payments to multi-faceted Fintech. Square/Block was founded by Jack Dorsey, the founder of Twitter who just recently exited his CEO role at the… Read More

December 1, 2021 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has consistently denied aspiring exchange-traded products that aim to offer a Bitcoin ETF based on the spot price of the world’s most popular digital asset. Recently, a Bitcoin ETF based on Bitcoin futures was approved but this was effectively… Read More

December 1, 2021 @ 10:53 am By JD Alois  |  

Bitcoin, the world’s most popular crypto, is always a bit of a roller-coaster ride. Rocketing higher one week, only to tank the next, Bitcoin is not an asset for the faint of heart. Recently, Bitcoin hit an all-time high of almost $69,000. Within a few… Read More

November 30, 2021 @ 8:19 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (November 29) that for the week ending November 26,… Read More

November 27, 2021 @ 11:50 am By Omar Faridi  |  

Digital assets firm Gemini recently revealed that they’re pleased to confirm their support for Bitcoin Core Maintainer Michael Ford, also known as “Fanquake.” As mentioned in the update from Gemini, Michael’s sponsorship through the Gemini Opportunity Fund further supports the Fund’s mission or goal to… Read More

November 26, 2021 @ 9:21 am By Omar Faridi  |  

Sygnum Bank has confirmed that it has now onboarded VZ VermögensZentrum, an independent Swiss financial services firm that’s listed on the SIX Swiss Exchange, as the latest partner for its B2B banking solution. VZ VermögensZentrum’s partnership with Sygnum Bank enables them to “expand their offering… Read More

November 24, 2021 @ 2:20 pm By Tony Zerucha  |  

While Stripe does not currently accept cryptocurrencies as payment, the are monitoring the space and could change that policy in the future, its co-founder and president said today. Speaking at the Fintech Abu Dhabi Festival, John Collison noted his company and cryptocurrencies were founded within… Read More

November 23, 2021 @ 10:46 pm By Omar Faridi  |  

In Kraken’s last two Crypto On-Chain Digest reports (End of Summer Sale and SHOCKTOBER), they had pointed out that a supply shock, driven by long-term holders, might push Bitcoin (BTC) and Ethereum (ETH) prices considerably higher than current levels. Well, price followed through and the… Read More

November 23, 2021 @ 4:32 pm By Tony Zerucha  |  

While there is plenty of speculation as to why Bitcoin’s recent sideways movement has been happening, it is most likely a simple break in a continued bull market, Genesis head of market insights Noelle Acheson said in a research note this week. With the recent… Read More

November 22, 2021 @ 10:37 pm By JD Alois  |  

Global bank Citi (NYSE:C) is going on a crypto hiring spree, according to a report by Bloomberg. Citi is said to be hiring 100 people to support its emerging digital asset business that caters to institutional investors. Puneet Singhvi is said to have been appointed… Read More

November 22, 2021 @ 12:13 pm By Omar Faridi  |  

Canaan (NASDAQ:CAN), a provider of supercomputing solutions, has confirmed the successful delivery of more than 2,000 Avalon Miner units in Kazakhstan, “marking the commencement of joint mining operations by Canaan’s overseas-registered operating entity,” according to an update shared with CI. As mentioned in the announcement, more… Read More

November 21, 2021 @ 4:24 pm By Omar Faridi  |  

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… Read More

November 18, 2021 @ 11:25 am By Omar Faridi  |  

CoinSmart Financial Inc., which claims to be one of Canada’s leading digital asset trading platforms, has announced the launch of its mobile trading app for iOS and Android devices. The new mobile app aims to improve the onboarding, digital asset purchasing, selling, and trading process… Read More