Business

Visa Connecting Its Payment Network to Circle’s Ethereum-Powered USD Coin ($USDC)

According to a report by Forbes, the partnership between Visa and Circle Internet Financial (“Circle”), which developed dollar-backed stablecoin USDC Coin (USDC), means that from today Circle will help Visa card issuers to enable sending/receiving USDC payments. The Forbes report says that “businesses will eventually be able to send international USDC payments to any business […]

Investment Firm Cypherpunk Holdings Dumps Altcoins for Bitcoin

Canadian Stock Exchange-listed firm Cypherpunk Holdings sold its entire position in ethereum and monero in order to buy more bitcoin.

Visa CEO Alfred Kelly: ‘We Are Very Interested in Cryptocurrencies’

In an interview earlier this month, Alfred F. Kelly, Jr., Chairman and CEO of global payments technology company Visa, shared his thoughts on digital currencies. The Visa CEO’s comments came during an interview with Carl Quintanilla at the CNBC Evolve Summit. One of the most interesting questions asked by Quintanilla was what Visa is doing […]

PayPal CEO Dan Schulman Talks About the Value Proposition of Bitcoin

In a recent interview, PayPal President and CEO Daniel Schulman, talked about the value proposition of Bitcoin. As you may remember, on October 21, PayPal announced “the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency’s utility […]

U.S.-based Users Given 14 Days to Get Off Binance

Cryptocurrency exchange Binance has begun clamping down on US-based clients, giving them fourteen days to transfer their funds away from the platform.

Heavy Stock Correlation Could Crash Bitcoin’s Price by 25-35%: Report

Santiment data analyst Vlad Antonov says the growing correlation between bitcoin and the stock market is concerning for an eventual price crash.

Poker Players Are Cashing out in Bitcoin to Boost Earnings: Report

Poker players and online gamblers are cashing out in bitcoin in order to increase their earnings and potentially circumvent paying taxes.

$35 Billion Asset Management Giant Providing Bitcoin Product to Clients

Mariner Wealth Advisors, which holds $35 billion in assets under management, is allowing clients access to Eaglebrook’s Bitcoin SMA.

Novogratz’s Galaxy Digital Posts 17% Returns on Bitcoin Funds in Q3 2020

Mike Novogratz’s Galaxy Digital returned 17 percent on its collective Bitcoin Funds, for a total of 125 percent returns year-to-date.

Chainalysis Launches Program to Help Governments Store and Sell Seized Cryptoassets

Blockchain analysis firm Chainalysis is launching a new program to help governments recover, store, and sell cryptoassets seized their operations, less than two weeks after the U.S.  government seized over 69,000 BTC worth over $1 billion. According to announcement Chainalysis published, the program could help government agencies and insolvency practitioners “handle, store, realize, and monitor […]

Bank of England official Dismisses Protecting Banks Against Digital Currencies

Bank of England Deputy Governor Jon Cunliffe has dismissed the idea that the central bank has to protect commercial banks against the potential future impact of digital currencies. According to Reuters, Cunliffe claimed that the Bank of England’s job is “not to protect bank business models,” and added: Banks will have to adjust. Our job […]

Zeus Capital Offers $100,000 for Dirt on Chainlink in New Class Action Lawsuit

Asset management firm Zeus Capital has offered a $100k reward for dirt on ChainLink, alleging the project engaged in investor fraud and spread misleading information about its partnerships.

Bitcoin ATMs Surge 85% YTD Amidst Growing Adoption

Bitcoin ATM adoption has surged 85 percent in 2020 amidst a general rise in popularity for digital and contactless payments.

Bitcoin ATM Patent Holder Sues Operators Demanding Royalties

Bots, a publicly-traded over-the-counter markets tech firm, has announced its subsidiary First Bitcoin Capital will take legal action against Bitcoin ATM operators for alleged intellectual property infringement. In an announcement First Bitcoin Capital published, first reported on by Modern Consensus, the firm claimed it’s in discussion with “a major law firm” to act against Bitcoin […]

Wall Street Trading Firm Accumulates $75 Million Crypto Portfolio

Messari researcher Mason Nystrom says Jump Trading has created a crypto-asset portfolio worth more than $75 million, including being the eighth-largest holder of COMP.

Top Crypto Exchanges’ Trading Volumes Plunged in October: CryptoCompare Report

After setting a daily trading volume record this year in September, cryptocurrency trading platforms have seen spot trading volumes decline. In October, top trading platforms saw their volumes plunge. According to CryptoCompare’s October 2020 Exchange Review, Top-Tier cryptocurrency exchanges, defined by the firm’s Exchange Benchmark, saw larges decreases in monthly spot trading volumes in October, […]

Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?

This past summer, Nasdaq-listed business intelligence company MicroStrategy Inc. “purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million.” Could this be one of the greatest bets ever made by a publicly listed company? When and How Did MicroStrategy Get Into Bitcoin? On August 11, Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: […]

Will Banks Need to Turn to Bitcoin to Stay Relevant?

Two investment strategists are predicting banks will look to Bitcoin and other cryptoassets as an avenue for staying relevant in the digital age.  During an interview with journalist Laura Shin on episode 197 of the “Unchained” podcast, CoinShares chief strategy officer Meltem Demirors said that she’s receiving inquiries from bank executives in regards to the […]

PayPal CEO Explains How His Firm Will Increase Utility of Cryptocurrencies

On Monday (November 2), Dan Schulman, President and CEO of PayPal Holdings, Inc. (NASDAQ:PYPL), talked about his company’s recently-announced support for cryptocurrencies. As you may remember, on October 21, payments firm PayPal announced a major move into crypto. According to PayPal’s press release, “the migration toward digital payments and digital representations of value continues to accelerate, driven […]

MicroStrategy Talks About Bitcoin During Its Q3 2020 Earnings Conference Call

On Thursday (October 27), Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) reported its Q3 2020 financial results, and during the company’s earnings call, the company’s President and CEO both talked about Bitcoin. On August 11, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use […]

JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says

The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx. Speaking to CNBC, Takis Georgakopoulos revealed that the JPM Coin is already being used by large technology clients to send payments […]

Luxury Watchmaker Breitling Partnering to Offer Digital Certificates on Ethereum

Luxury watchmaker Breitling is partnering with blockchain solutions company Arianee to issue digital certificates for its timepieces.

CoinShares CSO Meltem Demirors on PayPal’s Move into the Crypto Space

On Wednesday (October 21), shortly after PayPal Holdings, Inc. announced its plans to support cryptocurrencies, Meltem Demirors, Chief Strategy Officer of digital asset investment firm CoinShares, talked about the implications of this move for the crypto space. Meltem’s comments came during an interview on CNBC’s “Fast Money” show. Meltem was first asked why she believes […]

PayPal’s Move Will Boost Crypto Adoption, Not Its Profits: Morgan Stanley Analysts

PayPal’s move to let users buy, sell, and hold cryptocurrencies on its platform, and to allow cryptocurrencies to be used to pay for goods and services with its 26 million merchants, is set to benefit mass cryptocurrency adoption more than it will the company’s profits. In a report, Morgan Stanley researchers claimed that the move […]

Crypto Community’s Reaction to PayPal’s Announced Support for Cryptocurrencies

On Wednesday (October 21), payments firm PayPal announced how it is planning to support cryptocurrencies. This article examines the reactions to this news from some of the prominent members of the crypto community. Most people in the crypto community welcomed PayPal’s entry into the crypto space and saw this announcement as the most important piece […]

Crypto Exchange DragonEx Weighs Shutdown Amid Ongoing ‘Crisis of Trust’

Singapore-based cryptocurrency exchange DragonEx has revealed it’s weighing shutting down its operations amid an ongoing “crisis of trust” the centralized exchange is facing over OKEx’s recent withdrawal freeze. According to an official announcement, DragonEx froze deposits and withdrawals after the recent OKEx withdrawal freeze created the trust crisis, which saw exchange users start withdrawing their […]

PayPal Launches New Service That Lets Users Buy, Sell, and Hold Crypto

On Wednesday (October 21), payments firm PayPal Holdings, Inc. announced a major move into crypto. According to PayPal’s press release, “the migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers.” PayPal’s new service, which was launched today, […]

Gold Bug Peter Schiff’s Euro Pacific Under Investigation by Global Task Force

Gold bug and crypto critic Peter Schiff’s Euro Pacific Bank is under investigation by a joint task force of authorities for alleged tax evasion and other financial crimes.

Binance Jersey Shutting Down Operations… Due to Disappointing Trading Volumes?

Binance’s fiat-to-crypto exchange in Europe, Binance Jersey, is reportedly set to shut down later this year as trading volumes on the platform failed to pick up steam over time. The cryptocurrency trading platform was launched to tap into the European markets in early 2019, supporting trading pairs between bitcoin (BTC) and ether (ETH) against the […]

OKEx Says Addresses Sending $960 Million in Bitcoin to Binance Are Not Theirs

A total of 8,500 BTC were flagged as being moved from crypto exchange OKEx to Binance over two transactions, with the first one being of 5,000 BTC ($56.5 million) and the second one being of 3,500 BTC ($39.6 million). The transactions were spotted by large transaction monitor Whale Alert, which flagged them on social media […]

OKEx Suspends Withdrawals as Key Holder Cooperates With an Investigation

Popular cryptocurrency exchanges OKEx has suspended all cryptocurrency withdrawals indefinitely, as one of the trading platform’s private key holders has “been out of touch” with the exchange because they are “cooperating with a public security bureau in investigations.” Most top cryptocurrencies saw their price drop on the news, with bitcoin dropping over 3% in 230 […]

$11 Billion Worth of Bitcoin Are Stored on Coinbase’s Cold Wallets

San Francisco-based cryptocurrency exchange Coinbase reportedly holds about 994,904 bitcoin in its cold wallets, which at current prices means the exchange has over $11 billion in cold storage. According to data from bitcoin analytics platform ChainInfo, first reported on by Decrypt, the cryptocurrency exchange has the funds stored across over 4 million BTC addresses. The […]

Crypto Payments platform Wirex Raises $4.7 million through crowdfunding

Cryptocurrency payments platform Wirex has revealed it surpassed its crowdfunding target by over 370% after raising over £1 million ($1.2 million) in just 90 minutes. In a press release shared with CryptoGlobe, Wirex noted that nearly 7,000 investors from 94 different countries participate in the crowdfund and invested in the cryptocurrency. Its success saw the […]

Crypto Asset Manager Grayscale Posts Record Quarter With Inflows Above $1 Billion

Cryptocurrency asset manager Grayscale Investments has released its financial report for the third quarter of the year, and revealed it raised $1.05 billion into its investment products, making it the “largest capital inflow in a single quarter in the firm’s history.” The report details that the Grayscale Bitcoin Trust has kept on leading investment demand, […]

Tyler Winklevoss Predicts Wave of Institutional Investment for Bitcoin Following Square’s $50 Million

Tyler Winklevoss predicts a wave of institutional investment following the announcement of Jack Dorsey’s Square, Inc. purchasing $50M in bitcoin.

Ripple’s ‘Line of Credit’ Lets RippleNet Members Using ODL ‘Send Now, Pay Later’

On Thursday (October 8), Ripple announced a new service (currently in beta) named “Line of Credit” that allows financial institutions on RippleNet to use XRP to make fast and low cost cross-border payments for their customers and then pay Ripple back at a later time. In its blog post, Ripple started by explaining the problem […]

MVIS CryptoCompare Institutional-Grade Tools Licensed to Bitpanda

MVIS and CryptoCompare have licensed their institutional-grade indices to cryptocurrency exchange Bitpanda for use in their first regulated product.

2020 Not a Good Year for Crypto Exchanges as 75 Already Shut Down This Year

A total of 75 cryptocurrency exchanges have already shut down so far this year by either voluntarily shutting down, getting hacked, being shut down by a government, or simply disappearing from the web. According to Cryptowisser’s Crypto Exchange Graveyard, the figure is p 56% from last year and is showing no signs of letting up. […]

Privacy-Focused Brave Browser Adds Dark Web Access to Its Services

Brave has updated its privacy-focused browser with Tor integration, allowing users to access the service from dark web portals. for increased security.

FinTech Firm Ripple Partners With Pan-European Payment Institution ‘Lemonway’

On Tuesday (October 6), Californian FinTech firm Ripple announced that French firm Lemonway had joined RippleNet to “unlock faster euro-to-euro payments.” Paris-headquartered Lemonway was founded in 2007. It is “a pan-European Payment Institution that offers a solution dedicated to marketplaces, crowdfunding platforms, as well as to large groups requiring payment and fundraising services on behalf […]

Ripple Considering Moving Headquarters to a More Crypto-Friendly Jurisdiction

On Tuesday (October 6), Chris Larsen, Co-Founder and Executive Chairman of Fintech firm Ripple Labs, said that his firm is considering moving its headquarters from San Francisco, California to a more crypto-friendly jurisdiction in Europe or Asia. Chris Larsen was born in San Francisco, California, and got his bachelor’s degree (B.S.) in accounting and business administration in […]

Blockchain-Powered Real Estate Transaction Platform Gets Funding From Tim Draper

Caifornian startup Propy, which has developed a platform that uses blockchain technology for easier, faster, and more secure real estate transaction management, has secured funding from legendary tech investor Tim Draper. Palo Alto-based Propy was co-founded by Natalia Karayaneva (the company’s CEO) and Denitza Tyufekchieva. Its ICO (PRO) in August-September 2017 raised around $15.37. Last […]

Max Keiser Calls Out Jack Dorsey on Bitcoin, Says American CEOs ‘Not Getting’ It

Popular crypto commentator Max Keiser called out Jack Dorsey’s commitment to bitcoin after the later criticized the current financial system as being a negative impact on society.

Grayscale Investments Adds 17,100 BTC to Fund in One Week

Grayscale Investments added 17,100 BTC to their bitcoin trust fund, bringing its total value to more than $4.7 billion.

Venezuela Gets its First Bitcoin Satelite Node Independent of Internet Access

A collection of startups have teamed up to launch Venezuela’s first satellite bitcoin node, allowing users in the country to conduct transactions even in the absence of internet.

Surge in Ether Gas Prices Slowing Demand for Non-Fungible Tokens (NFTs)

Cargo start-up founder Sean Papanikolas says surging ethereum gas prices are limiting the growth of non-fungible token (NFT) marketplaces.

NYC Auction House Features Bitcoin-Themed Art Containing Original Code

Christie’s New York auction house is featuring a piece of bitcoin-themed artwork that represents a portion of the protocol’s original launch code.

Crypto Companies Are Showing ‘Significant Interest’ in Working With Visa, Executive Reveals

Terry Angelos, Visa’s global fintech lead, revealed in an interview that cryptocurrency companies have been showing “significant interest” in working with the world’s largest payments processor. Speaking to Forbes, Angelos revealed that cryptocurrencies firms want to work with Visa to “connect their clients to our network of 60-plus million merchants.2 so far, the executive added, […]

Social Capital CEO Chamath Palihapitiya Calls Bitcoin His Best Investment Bet

Billionaire venture capitalist Chamath Palihapitiya called bitcoin his best “bet” after investing in the crypto-asset in 2012.

Crypto Bull Lark Davis Points to New Trend for DeFi Market

Popular crypto influencer Lark Davis calls non-fungible tokens (NFTs) the next big thing for the DeFi industry, noting their application beyond digital art and gaming.

Leading Crypto Payments Platform Wirex Announces Launch of $1.2 Million Crowdfunding

Leading crypto and fintech payments platform Wirex has announced a £1 million crowdfunding round that will be open to customers and fans of the service.

Bitcoin Bull Anthony Pompliano Bets on Blockchain as the Future for Digital Art

Anthony “Pomp” Pompliano is betting on blockchain being the future for the digital art industry, announcing an investment into the Winkelvoss-backed Nifty Gateway.

Multinational Energy Company Equinor Entering Partnership to Mine Bitcoin

Multinational energy company Equinor intends to use byproduct flaring from oil extraction to generate electricity for bitcoin mining.

Binance Launches ‘Innovation Zone’ to Filter out DeFi Token Traders Based on Risk Appetite

Leading cryptocurrency exchange Binance has announced the launch of an “Innovation Zone’ to filer out traders based on their risk appetites, before letting them trade risky decentralized finance (DeFi) projects. According to an announcement the cryptocurrency exchange published, its token listing process is “often viewed as overly strict,” but listing new projects in 2017 when […]

Creator of Project That Surpassed $40,000 per Token Backing New DeFi Project COVER

Yearn.Finance founder Andre Cronje is providing advisory support for the rebranding of SAFE token to COVER, a new protocol that is set to launch in November.

Crypto Travel Agency Travala Enters Chinese Travel Market

The Binance-backed cryptocurrency travel booking website Travala is reportedly expanding into the growing Chinese travel market, as the country’s tourism industry starts rebounding from the COVID-19 pandemic. According to CoinDesk, the online travel agency has launched a Chinese language website and created a regional customer support team. It’s also starting to market to travelers in […]

Kraken Launches Crypto Bank in Wyoming After Receiving Bank Charter Approval

Popular cryptocurrency trading platform Kraken has announced the State of Wyoming has approved its application to form the world’s first Special Purpose Depository Institution (SPDI), allowing it to form a crypto bank dubbed Kraken Financial. According to an announcement the firm published, Kraken Financial is headquartered in Wyoming and is the “first digital asset company […]

Apple Censors Cryptocurrency and DeFi Features on Coinbase’s App, Brian Armstrong Says

Apple Inc has reportedly censored San Francisco-cryptocurrency exchange Coinbase from adding specific cryptocurrency and decentralized finance (DeFi)-related features to its iOS app. According to a tweetstorm published by the exchange’s CEO Brian Armstrong, the tech giant stopped Coinbase from adding features that would let their users earn cryptocurrency directly through the app, or access decentralized […]

Square Forms Group to Stop Patent Trolls From Hindering Crypto Innovation

Square, the payment company of Twitter CEO Jack Dorsey, has invited cryptocurrency firms to join its Cryptocurrency Open Patent Alliance (COPA), a non-profit that wants to stop firms from locking up useful crypto technologies using patents. In a statement, the payments firm, which has been letting users buy and sell bitcoin since 2018, wrote: Locking […]

Mastercard Launches Platform for Central Banks to Test Digital Currencies

Financial services giant Mastercard has launched a platform to allow central banks and test firms test digital currencies.