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The way of the stablecoin: A journey toward stability, trust and decentralization
2.5.2021
Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year
Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’
30.4.2021
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop...
Biggest one day USDC print in history marks lowest Bitcoin dominance in years
30.4.2021
The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether's market cap
Police: Suicide Linked to USD 180,000 Crypto Losses
29.4.2021
Source: iStock/D-Keine
A South Korean man aged in his twenties has committed suicide – and police claim that a crypto investment gone wrong likely drove him to take his own life.
Police in Gangneung, Gangwon Province, said the man was found dead in the area on the afternoon of April 24. No suicide...
Paxos Raises USD 300M at USD 2.4B Valuation
29.4.2021
Charles Cascarilla. Source: A video screenshot, Youtube/CNBC Television
Regulated blockchain infrastructure platform Paxos (PAX) has raised USD 300m at USD 2.4bn valuation.
The Series D round of funding was led by the US-based venture growth-equity fund Oak HC/FT, with USD 3.3bn in assets under...
Someone Paid USD 1.7M In Litecoin For Tom Brady Football Card
29.4.2021
Source: Twitter/@GoldinAuctions
In what is called one of the largest "hard asset" transactions to be paid entirely in cryptocurrency, an unknown buyer purchased an autographed Tom Brady football card for about USD 1.68m worth of litecoin (LTC) at an auction hosted by Goldin Auctions.
The...
USD 16B Manager Wealthfront Goes Crypto, Metamask Boom, Delayed Bitcoin ETF + More News
28.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
The California-based digital wealth robo-adviser management firm with around USD 16bn assets under management, Wealthfront will open...
BSC-Based Uranium Finance Attacked, Millions on the Move
28.4.2021
Decentralized finance (DeFi) project on Binance Smart Chain (BSC), Uranium Finance, reported that it has suffered a security breach - with millions of dollars in ethereum (ETH) on the move and laundered through a popular privacy tool.
"Uranium migration has been exploited, the following...
Ethereum Tests USD 2,700, Bitcoin and Altcoins Remain Attractive
28.4.2021
Bitcoin price is stable above the USD 54,000 pivot level. BTC extended its rise above USD 55,000 and it spiked above the USD 55,500 level before a downside correction. The price is currently (04:45 UTC) trading near USD 54,800 and it could attempt a fresh increase above USD 55,500.
Besides, most...
Gaming Giant Nexon Spends USD 100M on Bitcoin
28.4.2021
South Korean listed gaming behemoth, Nexon, said it acquired BTC 1,717 for around USD 100m, paying on average USD 58,226 per BTC, inclusive of fees and expenses.
This purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand (as of December 2020), they added.
"Our...
Bitcoin Revisits USD 55K, Ethereum and Altcoins Gain Traction
27.4.2021
Bitcoin price remained in a steady uptrend above the USD 53,000 level. BTC even broke the USD 54,500 level and spiked above USD 55,000. It is currently (12:20 PM UTC) consolidating and it might attempt more upsides towards USD 56,500.
Similarly, most major altcoins are gaining bullish momentum....
Keep Calm, Bulls Are Here, Say Analysts, As USD 19B Liquidated In One Week
23.4.2021
Options expiring, US tax speculations, China blackout, and the combination of these are blamed for the crypto market turning bloody today, to say the least - yet numerous insiders see this as just a necessary correction and expect that the bull market will continue, with bitcoin (BTC) possibly...
Bitcoin Dips Below USD 50K, Ethereum Drops, USD 3.5B Liquidated
23.4.2021
Bitcoin price struggled to clear the USD 55,500 resistance and it started a fresh decline. BTC declined below the USD 53,200 and USD 52,000 support levels. It even spiked below USD 50,000 and it is currently (04:30 UTC) correcting losses.
Similarly, most major altcoins declined heavily. ETH traded...
Bitcoin Fees Tap $60 per Transaction, Users Say Fees Restrict Adoption, Others ‘Embrace’ the BTC Fee Pump
21.4.2021
On April 21, Bitcoin network fees touched an all-time high according to a number of transaction fee aggregators. The average bitcoin transaction fee is approximately $59.88 and the median fee is around $26.44 USD per transfer. Bitcoin Fees Climb Sky High After the Hashrate Plummeted The cost...
113 YO Giant Invested USD 100M in Blockchain.com
21.4.2021
London-based major crypto wallet provider Blockchain.com has unveiled a high-profile investor, UK asset management firm Baillie Gifford, who injected some USD 100m in the company’s latest Series C funding round.
The round was finalized last month, but Peter Smith, CEO and Co-founder...
Sign Up and Get Free 30 USD Coupon with Nhash Cloud Mining Services
20.4.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
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Bitcoin is regarded as the leading cryptocurrency and is seen by many as the most profitable. Many companies have begun accumulating...
DOGE Treats Extravaganza - USD 500,000 in DOGE Prizes!
19.4.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
USD 100,000 of DOGE and exclusive DOGE NFTs to be won every week
Following the success of our first DOGE Treats campaign, we are excited to announce the start of DOGE Treats Extravaganza with 10x...
Almost USD 10 Billion Liquidated Amid Sunday Selloff In Crypto Market
18.4.2021
USD 9.9bn worth of trading positions in the crypto derivatives market were liquidated in the past 24 hours as the crypto market experienced a sharp selloff on Sunday.
More than USD 5bn of them are positions in bitcoin (BTC).
At around 03:00 UTC, BTC dropped from USD 59,000 to below USD 53,000,...
Canada Approves Three Ethereum ETFs, Ether Funds Set to Launch on TSX Next Week
17.4.2021
Canada has been approving crypto exchange-traded funds (ETF) more quickly than the United States and after three successful bitcoin ETFs, the country has approved three ethereum-based ETFs. The three ether ETFs in Canada will debut on Toronto’s stock exchange (TSX) on April 20, 2021. Three...
Dunamu Nasdaq Listing ‘Could Raise USD 17.9B’ – Analysts
17.4.2021
South Korean analysts are continuing to debate the market value of Dunamu, the operator of the South Korean market-leading Upbit crypto exchange – as talk of the company seeking to make a listing bid on an American stock market intensifies.
As previously reported, industry insiders claim that...