Tagged: bitcoin

February 3, 2021 @ 7:53 am By Omar Faridi  |  

Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew… Read More

February 3, 2021 @ 1:12 am By Omar Faridi  |  

Lex Sokolin, CMO at blockchain firm ConsenSys and Co-Head of Fintech and DeFi at ConsenSys Codefi, recently engaged in a conversation with Ajit ‘Half Boomer’ Tripathi, the Head of Institutional Business at Aave (AAVE), a leading decentralized finance (DeFi) platform. 2/ We covered a lot of… Read More

February 2, 2021 @ 9:34 pm By Omar Faridi  |  

  Ethereum (ETH) held on digital asset exchanges recently hit a historic low. $ETH held on exchanges just hit an historic low. Over the past 30 days, 3.75M ETH worth $4.97 billion left exchanges, possibly for staking, DEXs or cold storage. pic.twitter.com/orkIrcgzRG — Bloqport (@Bloqport)… Read More

February 2, 2021 @ 4:00 pm By Lee A. Schneider  |  

  Let me start with a confession: I am not smart enough to be a tax lawyer, certainly not a US tax lawyer.  The intricacies of the US tax code defy my brain’s attempts to systematize a coherent taxonomy.  The tax code is too complex… Read More

February 1, 2021 @ 7:57 pm By Omar Faridi  |  

Cryptocurrency markets can be “insanely volatile” in both directions, however, the recent market activity felt like “something else” with everyone’s favorite memecoin, DogeCoin (DOGE) surging nearly 10x in just 24 hours (breaking into the top 10 cryptos), Anthony Sassano from EthHub confirmed. He also noted… Read More

January 31, 2021 @ 11:50 pm By Omar Faridi  |  

The Indian Parliament will reportedly be considering a government-supported bill that could place a ban on “private” cryptocurrencies during its upcoming budget session. Since the nation’s ruling party has control over both houses of Parliament, there’s a fairly good chance that the proposed bill could… Read More

January 27, 2021 @ 8:19 pm By Omar Faridi  |  

Institutional investors have been gaining more exposure to alternative assets such as Bitcoin — particularly large hedge funds. These clients are now willing to aggressively promote or defend Bitcoin’s (BTC) unpredictable and wild price fluctuations. Large publicly listed firms such as MicroStrategy believe or claim… Read More

January 25, 2021 @ 6:17 pm By Omar Faridi  |  

Sequoia Holdings, an employee-managed and owned provider of high-end software development and engineering tools, says it will allow its workers to receive part of their salary in Bitcoin (BTC), the flagship cryptocurrency. Under the program, employees at Sequoia may choose to defer a certain percentage… Read More

January 25, 2021 @ 10:43 am By Omar Faridi  |  

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More

January 24, 2021 @ 1:36 pm By Omar Faridi  |  

QCP Capital, which is one of Asia’s major digital economy traders, has noted that the “broad price puke” from January 21, 2021 (Thursday) in the cryptocurrency markets can (at least partially) be blamed on “some negative headlines” out of US President Biden’s new “crypto unfriendly”… Read More

January 24, 2021 @ 9:41 am By Omar Faridi  |  

Digital currency exchange Coinbase has reportedly managed to grow its total assets to $90 billion. Meanwhile, Coinbase Custody AUC represented over half or 50% of this total. San Francisco-based Coinbase now claims more than 43 million verified users. The exchange reportedly executed single trades surpassing… Read More

January 23, 2021 @ 3:27 pm By Omar Faridi  |  

Bitcoin focused firm Casa has announced a product update that includes upgrades to BTC transaction memos and encrypted backups. As noted in a blog post by Casa, transaction memos will allow users to label their individual Bitcoin transfers. And encrypted mobile key backups are being… Read More

January 22, 2021 @ 3:00 pm By Omar Faridi  |  

The team at LocalBitcoins, a leading peer-to-peer (P2P) Bitcoin exchange, recently shared ways to generate passive income with their affiliate program. LocalBitcoins claims that the Bitcoin (BTC) bull market is now definitely here and 2021 is on track to “become a great year” for the… Read More

January 21, 2021 @ 9:58 pm By Omar Faridi  |  

The team at Bit.com, which claims to be a secure and “high-performance” cryptocurrency derivatives exchange introduced by Matrixport, will reportedly be offering Bitcoin Cash (BCH) perpetual swaps and options. As mentioned in a release shared with Crowdfund Insider, the Bitcoin Cash option trading is scheduled… Read More

January 21, 2021 @ 8:35 pm By Omar Faridi  |  

The team at Kraken, a leading US-based digital asset exchange, notes that cryptocurrency prices have been soaring, and related innovation is “breaking ground,” while key opportunities are flourishing. According to Kraken, crypto adoption is “relentless.” The Kraken team writes that as they begin a new… Read More

January 21, 2021 @ 7:33 pm By Omar Faridi  |  

The team at BitPay, a blockchain payment technology firm that allows users to accept and send Bitcoin and other cryptocurrencies, notes that even though 2020 was a “rollercoaster of a year for the world,” digital currency remains at the “forefront” of the future of finance…. Read More

January 21, 2021 @ 9:57 am By Omar Faridi  |  

The team at Interdax, a digital assets derivatives trading platform, notes that after quite an eventful year, Bitcoin’s (BTC) price closed considerably higher than the all-time high the digital asset had set in December 2017. The new year 2021 was also kicked off with a… Read More

January 20, 2021 @ 6:34 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis notes that 2020 was an “incredible” year for Bitcoin (BTC) and the larger cryptocurrency market. Despite the devastation and socioeconomic problems resulting from the global Covid-19 pandemic, Bitcoin, the flagship digital currency, managed to shatter its previous all-time highs. The Bitcoin… Read More

January 20, 2021 @ 1:46 pm By Samantha Hurst  |  

  CoinShares, a European digital asset investment firm, announced on Tuesday the launch of a new physically-backed Bitcoin Exchange-Trade Product (ETP), CoinShares Physical Bitcoin (Ticker: BITC). According to CoinShares, BITC will be the first product released on CoinShares’ new institutional-grade ETP platform and will launch… Read More

January 20, 2021 @ 10:14 am By JD Alois  |  

As Bitcoin has rocketed to new all-time highs, it has sucked much of the oxygen out of the crypto news space. But Bitcoin’s rise has been joined by some other cryptocurrencies running higher – most importantly, the number 2 crypto Ethereum. In the last week… Read More