Tagged: bitcoin

March 23, 2020 @ 11:15 am By Omar Faridi  |  

Indian authorities have arrested a woman who allegedly stole 64 Bitcoins (BTC), valued at around $380,000 (at time of writing), from a company where she had been working. Ayushi Jain, a 26-year-old woman, had reportedly been employed at Bitcipher Labs, a Bengaluru-headquartered firm. As confirmed… Read More

March 23, 2020 @ 7:32 am By Omar Faridi  |  

The Italian Red Cross is reportedly looking for Bitcoin (BTC) donations in order to buy critical medical equipment and supplies. The organization’s first cryptocurrency fundraiser managed to achieve its target within three days after its launch. On March 12, 2020, Italy’s Red Cross introduced a… Read More

March 21, 2020 @ 10:59 am By Omar Faridi  |  

Digital asset hedge fund Adaptive Capital is reportedly closing down its operations. Adaptive Capital was a self-described “multi-strategy cryptocurrency hedge fund with a deep focus on on-chain analytics.” The hedge fund predicted that crypto-assets would become a major macro asset class and on-chain analysis of… Read More

March 20, 2020 @ 6:34 pm By Omar Faridi  |  

Singapore-headquartered digital asset exchange Phemex announced on March 17, 2020, that it will be offering a proprietary perpetual contract, which is reportedly pegged on gold and settled in nominal US dollars. According to a press release shared with Crowdfund Insider: “Each contract is worth 0.001… Read More

March 20, 2020 @ 7:47 am By Omar Faridi  |  

Cryptocurrency adoption is steadily increasing and the coronavirus (COVID-19) pandemic appears to have motivated or influenced Italy’s Banca Sella to introduce a Bitcoin (BTC) trading service. The BTC trading may be performed through Banca Sella’s Hype exchange platform, with the bank serving as a trusted… Read More

March 19, 2020 @ 11:45 am By Omar Faridi  |  

US-based CoinZoom, a regulated digital asset exchange, has announced the official launch of its crypto trading platform and its company Visa card. Users will now be able to purchase, sell, and spend a wide range of cryptocurrencies via CoinZoom’s exchange platform. According to a press… Read More

March 19, 2020 @ 9:05 am By Omar Faridi  |  

Digital asset exchange Binance has introduced peer-to-peer (P2P) cryptocurrency trading options which support five major Latin American fiat currencies. Traders that use Binance’s P2P exchange will be able to purchase and sell digital currencies directly with the Argentine peso (ARS), Brazilian real (BRL), Colombian peso… Read More

March 16, 2020 @ 2:27 pm By Samantha Hurst  |  

DBL Digital, a division of DrawBridge Lending, announced on Monday the launch of its Bitcoin Managed Account Program (MAP) for individual and institutional investors. According to DBL Digital, the program provides investors with exposure to the Crypto market in a risk-mitigated fashion, although virtual currency… Read More

March 14, 2020 @ 12:30 pm By Omar Faridi  |  

The recent Bitcoin (BTC) sell-off during the past few days has called into question the pseudonymous cryptocurrency’s ability (and narrative) to serve as a safe haven asset. As the price of BTC dropped significantly to below $4000, COO of Fintech firm Two Prime, Alexander S…. Read More

March 13, 2020 @ 11:17 pm By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced on Thursday it has launched Bitcoin transaction batching, which is a new feature that reduces the load that the platform puts on the Bitcoin blockchain and may actually save uses more than 50% on network fees. Coinbase further explained: “We… Read More

March 12, 2020 @ 7:13 pm By JD Alois  |  

Bitcoin, frequently labeled as an uncorrelated asset providing a safe harbor when more traditional investments, like stocks, have fallen down, has been crushed this week. Similar to just about everything else. Following a recent rise to over $1o,000 per BTC, the world’s most popular crypto… Read More

March 12, 2020 @ 2:39 pm By Omar Faridi  |  

Equity crowdfunding continues to fill the gap for startups looking to raise capital. Malaysia-based LuxTag, an anti-counterfeit, track and trace, and anti-theft solution provider, recently secured $360,000 in funding, with 51% of the capital denominated in Bitcoin (BTC) and NEM blockchain project’s native token, XEM. … Read More

March 7, 2020 @ 6:40 pm By Omar Faridi  |  

The Federal Financial Supervisory Authority of Germany (BaFin), the nation’s financial regulator, is suspending the operations of a firm known as KKT UG from Berlin, which allowed users to purchase and sell digital currencies via ATMs. As BaFin noted on March 4, 2020, Adam Gramowski,… Read More

March 5, 2020 @ 5:18 pm By Omar Faridi  |  

Matrixport, a financial services firm owned by billionaire Jihan Wu, co-founder of giant crypto mining firm Bitmain, is reportedly planning to secure $40 million in capital at a post-investment valuation of $300 million. According to Bloomberg, which cited sources familiar with the matter, Matrixport’s management… Read More

March 5, 2020 @ 2:56 pm By Samantha Hurst  |  

Draper Goren Holm, a Los Angeles based venture firm led by Tim Draper, Alon Goren, and Josef Holm, announced on Thursday it is offering an incentive to those who are looking to learn more about Blockchain during the Los Angeles Blockchain Summit, which will take… Read More

March 4, 2020 @ 10:13 pm By Omar Faridi  |  

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

March 3, 2020 @ 6:34 pm By Omar Faridi  |  

Amstelveen, Netherlands-based KPMG, a leading professional services and accounting firm, argues that owning crypto assets is still considered a high risk investment by institutional clients. The Big Four auditing firm recently shared a report with Bloomberg, noting that, since 2017, over $9.8 billion worth of… Read More

February 29, 2020 @ 2:30 pm By Omar Faridi  |  

LINE, a Japan-based messaging service provider, has reportedly closed down its Singapore-headquartered crypto exchange BITBOX and has launched a globally accessible platform, BITFRONT. Headquartered the US, BITFRONT is run by LVC USA, which is a subsidiary of LVC Corporation, a company that manages LINE’s digital… Read More

February 27, 2020 @ 9:06 am By JD Alois  |  

SEC Commissioner Hester Peirce has posted a statement dissenting from the Securities and Exchange Commission’s decision to, once again, decline to allow an exchange-traded product (ETP or ETF) for the world’s most popular cryptocurrency Bitcoin. The Commission denied NYSE Arca’s request to offer a Bitcoin… Read More

February 27, 2020 @ 8:41 am By Omar Faridi  |  

San Francisco-based Square, Inc. (NYSE:SQ), a payment and mobile financial service provider, has released its Q4 2019 earnings report, which notably highlights a record-breaking quarter for Bitcoin (BTC)-related transactions. Square’s management revealed that the company handled over $178 million in BTC purchase volumes during the… Read More