Tagged: digital assets

March 16, 2021 @ 4:38 pm By Omar Faridi  |  

Nate Maddrey and the Coin Metrics Team note that on March 12, 2020, amid the growing panic over the rapid spread of the Coronavirus, the Bitcoin (BTC) price had crashed from around $8,000 to below $4,000 during just a 24-hour timeframe. Predictably, the rest of… Read More

March 14, 2021 @ 10:02 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Friday its CEL token is now on the Bittrex Global Exchange. According to Celsius, the CEL token was listed on its first crypto exchange in June 2018 and is currently also trading on several decentralized exchanges. Celsius customers… Read More

March 14, 2021 @ 6:56 pm By Omar Faridi  |  

Earlier this year, the team at Elliptic, which works to assist with categorizing financial crime typologies while protecting legitimate crypto-asset users from illicit activities, had explained how proper and effective compliance can prevent (potential) money laundering activities using Bitcoin (BTC) or other digital currencies. Elliptic… Read More

March 14, 2021 @ 10:18 am By Omar Faridi  |  

A digital artwork piece by Beeple recently set auction records (on Thursday / March 11, 2021)  when it sold at Christie’s for $69 million. Twitter CEO Jack Dorsey is auctioning the NFT or non-fungible token for the first tweet ever, “just setting up my twttr,”… Read More

March 13, 2021 @ 4:29 pm By Omar Faridi  |  

Ali Ahsan writes in a blog post published by global Fintech firm Circle that the Internet started off in 1969 as a government initiative known as ARPANET. As explained by Ahsan, ARPANET was established to allow researchers to share important information with each other. He… Read More

March 12, 2021 @ 10:31 pm By Omar Faridi  |  

The Capital confirms that India has been going through a major regulatory process related to the nascent cryptocurrency markets. The Capital notes that the advancements in other areas of crypto such as the innovation in decentralized finance (DeFi) in the 21st century might have taken… Read More

March 12, 2021 @ 5:54 pm By Omar Faridi  |  

Despite a few weeks’ break from their regulatory assessments, the BitOoda team says it has been regularly monitoring the crypto industry and engaging in the ongoing advancement of the US regulatory landscape. BitOoda notes that the recent developments they’ve followed are: New York Attorney General… Read More

March 12, 2021 @ 12:03 pm By Omar Faridi  |  

Blockchain security firm CipherTrace notes that its Traveler product has been developed to assist virtual asset service providers or VASPs with adhering to the international “Travel Rule” regulations by securely sharing digital currency transaction details with other “vetted” VASPs. CipherTrace explains that its tools are… Read More

March 12, 2021 @ 10:33 am By Omar Faridi  |  

Spencer Schiff, who is the son of one of Bitcoin’s most vocal critics, Peter Schiff, has reportedly decided that he’ll be moving 100% of his investment portfolio into BTC, the leading digital currency. My son @SpencerKSchiff's latest #Bitcoin buy resulted in a follow by @jack…. Read More

March 12, 2021 @ 8:06 am By Samantha Hurst  |  

  Celsius Network, a cryptocurrency lending and borrowing platform, announced earlier this week it has validated more than $10,426,308,071.50 worth of cryptocurrency assets using third-party validation tools. The latest milestone comes just a few months after Celsius conducted its first-ever asset verification report using the… Read More

March 9, 2021 @ 10:34 pm By Omar Faridi  |  

The Indian government may not completely ban (or attempt to) the use of decentralized cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). During a recent interview (conducted on March 5, 2021), India’s finance minister Nirmala Sitharaman clarified that she intends to support innovative crypto initiatives. #CNBCTV18IBLA… Read More

March 8, 2021 @ 9:50 pm By Omar Faridi  |  

Ari Paul, CIO of BlockTower Capital, a company focused on bringing professional trading and portfolio management to cryptocurrency, predicts that we might have 5% of the world owning crypto-assets by the end of this bull run (ahead of Internet adoption back in 2000). $1T+ market… Read More

March 8, 2021 @ 6:59 pm By Omar Faridi  |  

The rollercoaster ride that is Bitcoin’s (BTC) and the wider crypto market’s latest rally has some wondering if we’re nearing a market top. However, Kraken analysts are not convinced that we’ve reached the top just yet. Kraken Intelligence, the US-based digital asset exchange’s team of… Read More

March 7, 2021 @ 12:48 pm By Omar Faridi  |  

Decentralized finance (DeFi) continues to lead the cryptocurrency market bull run, while Bitcoin  (BTC) is “holding steady” according to a report from OKEx. The exchange noted that last week’s digital assets price action may have “some of you ready to exit the roller coaster,” but… Read More

March 6, 2021 @ 4:07 pm By Omar Faridi  |  

The developers of the YIELD Fintech investment App have launched their Ethereum (ETH) fund, which will allow their users to earn as much as 20% APY on cryptocurrency’s second-biggest asset, Ether . The YIELD App team noted that this adds to their current “stable of… Read More

March 6, 2021 @ 4:04 pm By Omar Faridi  |  

With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued. However, with many new exploits frequently taking place, there’s been significant… Read More

March 5, 2021 @ 9:07 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in Thailand is reportedly backing off its initial draft plan that would have required a 1-million-baht (appr. $32,800) minimum annual income and various other requirements for local crypto investors. The Thai SEC clarified that the draft bill was meant… Read More

March 5, 2021 @ 10:21 am By Omar Faridi  |  

Rachel Mayer, VP at CirclePay, notes that as non-fungible tokens (NFTs) rise in popularity, the operators or managers of NFT marketplaces and storefronts will be needing to remove entry barriers for their users. Mayer points out that more consumers in and outside of the crypto… Read More

March 4, 2021 @ 7:18 pm By Omar Faridi  |  

We recently connected with Pankaj Balani, Co-founder and CEO at Delta Exchange, an established digital assets derivatives trading platform. Delta Exchange offers cryptocurrency futures and derivatives trading across Bitcoin and major altcoins with up to 100x leverage. As previously reported, the company aims to support… Read More

March 3, 2021 @ 11:02 pm By Omar Faridi  |  

Iran’s Presidential Center for Strategic Studies, which is a thinktank that is attached with President Rouhani’s office, has released an extensive report which emphasizes the need for the so-called rogue State to use decentralized cryptocurrencies to generate additional revenue. Extracting these virtual currencies, the report… Read More