Tagged: bitcoin

February 24, 2021 @ 9:02 am By Omar Faridi  |  

Payment company Square Inc (NYSE:SQ) has invested an additional $170 million in Bitcoin (BTC). Square and Twitter CEO Jack Dorsey confirmed on Tuesday (February 23, 2021) that it was time to “double down” on the firm’s commitment to the world’s largest digital currency (in terms… Read More

February 24, 2021 @ 8:16 am By Omar Faridi  |  

We recently connected with Markus Jun, the founder and CEO of ICON Hyperconnect Public Representative, a leading block validator for the ICON network with $20 million in total staked value, and Hyperconnector, an official accelerator partner of the ICON Foundation & ICX Station Seoul. Markus… Read More

February 24, 2021 @ 8:07 am By Omar Faridi  |  

Sunayna Tuteja, the former Managing Director, Head of Digital Assets & DLT (Blockchain, Crypto) at TD Ameritrade, has now been hired by the US Federal Reserve System as its Chief Innovation Officer. Tuteja has been a vocal supporter of Bitcoin. She claims to have gotten… Read More

February 23, 2021 @ 8:10 am By Omar Faridi  |  

US Treasury Secretary Janet Yellen stated on Monday (February 22, 2021) that Bitcoin is an “extremely inefficient” way to settle financial transactions. Yellen commented on how the digital currency’s price fell sharply (as usual) during morning trading hours, but then stayed above the $53,000 mark… Read More

February 23, 2021 @ 8:02 am By Omar Faridi  |  

There are now around 100,000 Bitcoin (BTC) addresses that are holding more than $1 million worth of the cryptocurrency. The Bitcoin and crypto-mania has helped many individuals become millionaires (many almost overnight) as the digital asset continues to attract many more new investors including major… Read More

February 22, 2021 @ 8:52 pm By Omar Faridi  |  

JP Morgan says that Bitcoin (BTC) is like an “economic side show” when compared to the emergence of many new Fintech businesses. The bank’s analysts have argued that Bitcoin is a poor hedge against the falling equity prices. The world’s leading digital currency is trading… Read More

February 22, 2021 @ 9:39 am By JD Alois  |  

HANetf, described as Europe’s first full-service white label UCITS ETF issuer, says it has topped $2 billion in assets under management (AUM) as of last week. HANetf reports that it now has an AUM of £2.22 billion – a whopping increase of 85% since the… Read More

February 22, 2021 @ 7:42 am By Omar Faridi  |  

Elon Musk’s Tesla Inc (NASDAQ:TSLA) has already made a billion dollars in profits from its fairly recent $1.5 billion Bitcoin (BTC) purchase. Notably, these dramatic gains could be substantially more than what Tesla may have made off of its car sales during 2020, according to… Read More

February 21, 2021 @ 9:40 pm By Omar Faridi  |  

The current Bitcoin (BTC) bull market has been fueling another major boom in blockchain or distributed ledger tech (DLT) startup deals. Coinbase Ventures had launched back in 2018, which was during the extended cryptocurrency bear market that lasted from early January of that year to… Read More

February 21, 2021 @ 4:58 pm By Omar Faridi  |  

Piplsay research reveals that 27% of US consumers are planning to make investments in cryptocurrency during 2021. Around 50% of Americans think that it’s now “safe” to invest in decentralized digital currencies, the survey revealed. About 57% of US-based consumers said they think major brands… Read More

February 21, 2021 @ 3:15 pm By Omar Faridi  |  

Leading crypto exchange Binance has published it Month 43 (since launching operations) report. The report from Binance includes comments on the recent Binance Coin (BNB) price action and the Binance Smart Chain (BSC), which is being more widely-adopted in the crypto space. The digital asset… Read More

February 20, 2021 @ 3:43 pm By Omar Faridi  |  

Kasasa, an financial technology and marketing services provider, has teamed up with NYDIG in order to bring Bitcoin (BTC) offerings to its diverse network of community institutions and their clients. Patrick Sells, Head of Bank Solutions at NYDIG, noted that since Kasasa‘s inception, the company… Read More

February 19, 2021 @ 3:39 pm By Omar Faridi  |  

Ledger Vault has reportedly entered into agreement with Nexo in order to secure and protect clients’ funds. Ledger Vault aims to provide institutional-grade self-custody to Nexo. Through the partnership, which was announced on February 10, 2020, the companies will be focused on providing clients with… Read More

February 19, 2021 @ 8:38 am By Omar Faridi  |  

As digital assets investing continues to become more widely adopted by institutional clients, Canada is introducing its second cryptocurrency exchange-traded-fund (ETF). The Ontario Securities Commission (OSC) has reportedly approved the second Bitcoin ETF from Evolve Funds, which has come only a few days after the… Read More

February 18, 2021 @ 1:05 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, keeps surging to all-time highs.  On Wednesday (February 17, 2021), which was just a day after the digital asset surpassed the $50,000 mark, the crypto had again set a new record above $51,000. Bitcoin is trading at around $51,490 at… Read More

February 18, 2021 @ 8:05 am By Omar Faridi  |  

Digital investment platform Robinhood stated on Wednesday (February 17, 2021) that it is planning to give its clients the option to deposit and withdraw digital currencies, including the “meme crypto” Dogecoin (DOGE). The stock trading app has become really popular with younger Millennial and Gen… Read More

February 16, 2021 @ 10:00 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), which is the owner of Netcoins (Netcoins.ca), the online digital currency brokerage that makes it convenient for Canadians to purchase, sell, and learn about cryptos, and the owner of Blockchain Intelligence Group (BIG), a developer… Read More

February 16, 2021 @ 3:59 pm By Samantha Hurst  |  

  U.S.-based cryptocurrency exchange PayBito recently announced it has been experiencing record signups after Bitcoin crosses the $40,000 mark. The latest milestone comes just weeks after PayBito announced its plans to double its workforce across multiple locations worldwide. “Owing to an enhanced crypto portfolio, PayBito experienced a… Read More

February 16, 2021 @ 11:14 am By JD Alois  |  

Microstrategy (NASD:MSTR) has announced its intent to offer $600 million in debt and use the proceeds to buy more Bitcoin. Microstrategy made headlines in a previous debt offering when the company did the same. In December, Microstrategy closed on an offering of $650 million of… Read More

February 15, 2021 @ 7:22 pm By Omar Faridi  |  

Researchers at Bloqport have confirmed that publicly-traded firms and fund managers now hold approximately $60 billion worth of Bitcoin (BTC), which is around 6% of the digital asset’s circulating supply. Publicly-traded companies and fund managers now hold around $60 billion worth of #Bitcoin, roughly 6%… Read More