Tagged: bitcoin

March 30, 2021 @ 9:32 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet provider, trading platform and block explorer service that recently acquired an additional $300 million in capital, notes that in the crypto space, “one month can feel like an entire quarter — a lot happens.” Blockchain.com points out… Read More

March 30, 2021 @ 4:34 pm By Omar Faridi  |  

DeFiChain, a blockchain platform on the Bitcoin network that is focused on “decentralized monetary applications,” has revealed the launch of an ERC-20 standard token called DFI on the Ethereum (ETH) blockchain. As mentioned in an update shared with CI, the new ERC-20 token aims to… Read More

March 30, 2021 @ 11:00 am By Ariel Glasner and Amit Roitman  |  

President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.  The groundwork for a more active regulatory regime has been set over the course of the past decade.  Prior administrations harnessed existing enforcement… Read More

March 29, 2021 @ 10:43 am By Samantha Hurst  |  

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it has extended its Bitcoin cashback reward program to include MogoMortgage. Mogo reported that under the program its members who take out a new mortgage or refinance may earn up to $3,100 cashback deposited into… Read More

March 29, 2021 @ 9:22 am By Samantha Hurst  |  

Safello, an online cryptocurrency brokerage that is regulated as a financial institution with Finansinspektionen (Swedish FSA), announced on Monday it has acquired Rational Money AB, the company behind Bitcoin.se, a Sweden-based educational portal on cryptocurrencies. Safello claims that since 2012, Bitcoin.se has played a vital role in… Read More

March 28, 2021 @ 3:09 pm By Omar Faridi  |  

Nexo, a crypto lending platform and exchange, recently commented on how Morgan Stanley became the first major bank to offer Bitcoin (BTC) to its wealthy clients. The Nexo team also revealed how a public software firm now has $50 million worth of Ethereum (ETH) on… Read More

March 27, 2021 @ 5:23 pm By Omar Faridi  |  

Local sources in India have commented on why the government may want residents to disclose their digital currency holdings. Industry professionals in the country have pointed out that the Indian corporate affairs ministry could be looking for disclosures from firms in order to get a… Read More

March 26, 2021 @ 1:40 pm By Omar Faridi  |  

Leading social trading platform eToro (which recently announced it will go public in a SPAC deal via FinTech Acquisition Corp. V with valuation pegged at $10.4 billion), noted in an update published earlier this week that stimulus checks had turned the cryptocurrency market green –… Read More

March 25, 2021 @ 10:30 pm By Omar Faridi  |  

European digital asset manager CoinShares notes that as growing numbers of investors start taking Bitcoin (BTC) “more seriously,” it raises an important question: what would be an “appropriate” or ideal amount of Bitcoin in an investment portfolio? According to CoinShares research team, the “real answer”… Read More

March 25, 2021 @ 7:02 am By Omar Faridi  |  

Billionaire investor Ray Dalio thinks that there’s a good chance that Bitcoin, the leading digital currency, could get banned in a manner that’s somewhat similar to when the American government decided to make it illegal to privately own gold. Dalio, who’s the founder of $150… Read More

March 24, 2021 @ 4:05 pm By JD Alois  |  

Digital asset firm Arca has announced the launch of the Arca Accredited Investor (AI) Bitcoin Trust. The new investment vehicle is designed for accredited investors who see to control their own Bitcoin allocation. An accredited investor is broadly defined by an individual that earns $200,000… Read More

March 24, 2021 @ 8:23 am By JD Alois  |  

In a series of Tweets, Tesla CEO Elon Musk said consumers may now purchase a Tesla and pay with Bitcoin.   You can now buy a Tesla with Bitcoin — Elon Musk (@elonmusk) March 24, 2021 Musk went on to explain that this functionality is… Read More

March 23, 2021 @ 10:57 pm By Omar Faridi  |  

US Federal Reserve Chairperson Jerome Powell has cautioned that transacting in digital currencies such as Bitcoin can pose significant risks due to the high volatility nature of these new assets. Powell noted that virtual currencies remain highly volatile. He pointed out that Bitcoin may not… Read More

March 23, 2021 @ 12:15 pm By JD Alois  |  

Lawrence C. Lee is a top merger and acquisitions attorney operating in the Fintech sector. A partner at Baker McKenzie and based in Palo Alto, Lee was previously in-house counsel for Coinbase where he led strategic transactions and investments. More recently, Lee and his team… Read More

March 22, 2021 @ 11:37 pm By Omar Faridi  |  

The team at Casa, a Bitcoin-focused company, notes that one of the “most important” things about using Casa is that “you, and you alone” possess the private keys needed to access your crypto-assets. Casa confirms that it’s here to “do everything possible” to assist you… Read More

March 22, 2021 @ 10:55 pm By Omar Faridi  |  

The researchers at Bloqport have confirmed that only a month after launch, the first-ever Bitcoin ETF has reached $1 billion CAD in assets under management or AUM (as of March 20, 2021). Just one month after launch, the first ever #Bitcoin ETF has hit $1… Read More

March 21, 2021 @ 2:24 pm By Omar Faridi  |  

Payments company Square’s (NYSE:SQ) Cash App now allows users to complete Bitcoin payments without having to pay transaction fees. You can now instantly send bitcoin to other $cashtags for free, right from your Cash App. To celebrate, we’re giving out $1 million in BTC. To… Read More

March 21, 2021 @ 2:21 pm By Omar Faridi  |  

Researchers at Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) have published an update, titled The Future of Payments in which they look into whether Bitcoin (BTC) may offer any value to the financial system. The bank’s research team points out that Bitcoin or BTC’s market capitalization… Read More

March 18, 2021 @ 4:45 pm By JD Alois  |  

The US Federal Government is in the process of sending helicopter money around the country. Individuals may receive $1400. Families could receive more. The stimulus money (or stimy) phases out as incomes go higher. So what will Americans do with this windfall money? A recent… Read More

March 18, 2021 @ 11:44 am By JD Alois  |  

Bank of America has published a report on Bitcoin and it is swimming against the tide as the bank throws shade at the world’s most popular crypto as just a vehicle for speculation. The story has been picked up by many outlets at a time… Read More