Tagged: bitcoin

May 23, 2021 @ 11:33 am By Omar Faridi  |  

US Federal Reserve Chief Jerome Powell recently noted that cryptocurrencies pose significant risks to financial stability. Powell stated on Thursday (May 20, 2021) that greater regulation of crypto assets may be necessary. As reported by Reuters, the US Treasury Department cited concerns about wealthy people… Read More

May 23, 2021 @ 11:31 am By Omar Faridi  |  

Representative Mark Green, R-Tenn., recently became one of the first congressmen to profit on Dogecoin’s (DOGE) meteoric rise. Green reportedly made two purchases of DOGE of $1,000 and $15,000 each (as revealed in public disclosure forms). These digital asset investments added to Green’s extensive cryptocurrency… Read More

May 22, 2021 @ 8:51 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, notes that in China, Vice Premier Liu He, in a meeting of the Financial Stability and Development Committee, had stated on Friday (May… Read More

May 21, 2021 @ 5:54 pm By Omar Faridi  |  

Sanctions research from blockchain security firm CipherTrace reveals that over 72,000 “unique” Iranian IP addresses have been linked to over 4.5 million “unique” Bitcoin (BTC) addresses. CipherTrace notes that since monitoring sanctions-related IP usage across the Bitcoin (BTC) blockchain network, they’ve been able to identify… Read More

May 21, 2021 @ 5:50 pm By Omar Faridi  |  

Compass Mining, which claims to be the world’s first online marketplace for Bitcoin mining hardware and hosting, recently confirmed that it’s now a member of the Texas Blockchain Council (TBC). TBC was established in November of last year with the stated goal of expanding the… Read More

May 21, 2021 @ 2:16 pm By Omar Faridi  |  

Chainalysis, the blockchain analysis firm, revealed on Thursday (May 20, 2021) that it has launched Chainalysis Business Data, which is described as a “first-of-its-kind” data offering to assist digital asset exchanges and other Fintechs that provide crypto-related services. Chainalysis Business Data should allow service providers… Read More

May 21, 2021 @ 11:04 am By JD Alois  |  

Multiple reports are indicating that China continues to put the squeeze on cryptocurrency. Long ago, China officially halted crypto trading but the country has long been home to many crypto miners. In fact, according to the Cambridge Centre of Alternative Finance (CCAF)Bitcoin Mining Map, China… Read More

May 20, 2021 @ 8:49 am By JD Alois  |  

BlockFi, a top digital asset firm, made a significant distribution error yesterday when it transferred 700 Bitcoin to clients instead of sending GUSD (Gemini Dollar). In a series of Tweets, BlockFi outlined the mistake sharing that much of the crypto had been returned and they… Read More

May 19, 2021 @ 11:57 pm By Omar Faridi  |  

Bitcoin prices have come tumbling down after Tesla’s Elon Musk announced his decision to stop taking BTC payments for Tesla purchases due to environmental issues. Piplsay Research has delved into people’s opinions about digital currencies, especially given the rising levels of investment and “ever-increasing buzz”… Read More

May 19, 2021 @ 11:47 pm By Omar Faridi  |  

CITCON, the payment gateway provider that offers in-store, online, and mobile payment solutions to over 6,000 brands across the globe, has partnered with Flexa, the “pure-digital” payments network, in order to enable merchants with accepting cryptocurrencies as a payment option. Merchants connected to Citcon will… Read More

May 19, 2021 @ 8:09 am By JD Alois  |  

Bitcoin, the world’s most popular cryptocurrency, is tanking. After hitting a an all-time high of over $64,000 earlier this year, Bitcoin is now trading around $38,000 in heavy volume. Just this past week, a top fund manager at Bank of America called going long Bitcoin… Read More

May 19, 2021 @ 7:45 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 Tuesday (May 18) that for the week ending 17 May… Read More

May 18, 2021 @ 11:10 pm By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, has published their Weekly Hash Report (dated 5/17/2021). As mentioned in BitOoda‘s report, Bitcoin (BTC) “sold off 21% to $46,023 as of 5/16… Read More

May 18, 2021 @ 2:29 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics team have noted in their latest State of the Network Report that after Elon Musk helped drive the Bitcoin (BTC) price to around $60,000 (three months back), he’s now managed to send the volatile digital currency markets in the opposite… Read More

May 17, 2021 @ 11:11 am By Omar Faridi  |  

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that block 682,170 was the first “clean” block that was mined by public mining firm Marathon’s new pool. Voell writes in a detailed post from Compass, a “Bitcoin-first” company that aims… Read More

May 17, 2021 @ 7:35 am By Omar Faridi  |  

Tesla and SpaceX CEO Elon Musk, who has a net worth of almost $150 billion (second only to Amazon founder Jeff Bezos at $187 billion) at the time of writing, has clarified that Tesla has not sold any of its Bitcoin holdings. Musk confirmed in… Read More

May 16, 2021 @ 1:36 pm By Omar Faridi  |  

The team at blockchain analytics firm Elliptic revealed recently that they followed the Bitcoin (BTC) ransoms paid by Colonial Pipeline and other DarkSide ransomware victims. Dr. Tom Robinson, Co-founder and Chief Scientist at Elliptic, regularly discusses crypto forensics, investigations, compliance, and sanctions. Elliptic clients are… Read More

May 14, 2021 @ 6:38 pm By Omar Faridi  |  

Banxa, an established payment service provider (PSP) for the crypto-asset sector, has reportedly integrated its crypto-to-fiat gateway with Bancor, a liquidity protocol enabling automated cross-chain swaps and liquidity provision to various digital tokens. Through this latest integration, Bancor users will have the option to buy… Read More

May 14, 2021 @ 9:35 am By Samantha Hurst  |  

  BitcoinPoint, a UK-based Bitcoin buying platform, has quickly secured its initial £100,000 funding target through its equity crowdfunding on Crowdcube and is now nearing £200,000. The investment round has already attracted close to 400 Crowdcube investors. Founded in 2017, BitcoinPoint stated that its in-house software… Read More

May 14, 2021 @ 7:38 am By Omar Faridi  |  

Digivault, the “secure” digital asset custody business of Nasdaq listed Diginex Limited (Nasdaq: EQOS), has reportedly become the “first” stand-alone crypto custodian to receive approval from the UK Financial Conduct Authority (FCA) in order to register as a custodian wallet provider “under the Money Laundering,… Read More