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Jack Dorsey's Square Invests USD 50m in Bitcoin


Jack Dorsey. US-based payments company Square, founded and led by well-known Bitcoin bull, Twitter CEO Jack Dorsey, said it acquired BTC 4,709 at an aggregate purchase price of USD 50m on October 7. "Given the rapid evolution of cryptocurrency and unprecedented uncertainty from a macroeconomic...

Bitcoin-inspired Art Sells for over USD 131,000 at Christie’s


The link between the worlds of arts and blockchain-powered non-fungible tokens (NFTs) is continuing to deepen for collectors worldwide, with a bitcoin (BTC)-themed work named Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind) – a piece inspired by blockchain technology – fetching...

Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M


Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624...

Cloudbet Launches Second Major Stablecoin With USDC


Cloudbet, the pioneering crypto sportsbook and casino, has added USD Coin to the portfolio of coins available to customers, marking the operator’s second major stablecoin integration after launching USD Tether in May. With the integration of USDC and USDT, Cloudbet now supports the biggest...

Digital Yuan Testers Spent USD 52 On Average Per Transaction


This year, during a series of digital yuan pilot programs in China, testers reportedly spent CNY 351 (USD 52) on average per transaction, bringing the total value of pilot transactions to CNY 1.1bn (USD 162m). According to Fan Yifei, Deputy Governor at the People‘s Bank of China (PBoC), 3.13m...

SBI Teams up With Swiss Cryptobank for USD 66m Unlisted Stocks Fund


Japanese financial giant and Ripple partner SBI is set to launch an unlisted securities fund with a Swiss crypto bank named Syngnum – and will look to target both European and Asian investors. Per a report from Nikkei, as well as press releases from both SBI and Sygnum, the firms hope to raise...

This Is How John McAfee Made USD 23m For Shilling ICOs (According to SEC)


Source: Twitter, @officialmcafee, @money_alotta The US Securities and Exchange Commission (SEC) said that the controversial cybersecurity entrepreneur and former Bitcoin (BTC) bull, John McAfee, was promoting initial coin offerings without disclosing that he was paid to do so. Yesterday, the...

Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B


2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top...

With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale


2nd October 2020, London, United Kingdom: The lack of coordination, and major issues with bureaucracy are taking a heavy toll on the medical trials industry. Costing anywhere from $600,000 to upto $8 million USD per day, every single day a medicine is delayed not only leads to huge financial...

Russian Oligarch to Launch USD 15m DeFi ‘Cryptobank’


Screenshot. Prominent Russian oligarch Alexander Lebedev is set to launch a new decentralized finance (DeFi) “cryptobank” – and could spearhead a USD 15 million investment in the new venture. Lebedev, whose fortune was estimated at a cool USD 3.1 billion back in 2008 by Forbes, is the former head...

Staffer Embezzled USD 159,000 of Bank Funds to Make Crypto Purchase


An employee at one of South Korea’s biggest commercial banks stole and embezzled thousands of USD worth of bank funds to make their own crypto investments, a new report has found. Per Choseh Keumyong Shinmun, the country’s top financial regulator, the Financial Supervisory Service, has this week...

Bitpanda Secures USD 52m For Its Expansion In Europe


Competition in the European crypto exchange market is about to become more heated as Austria-based digital investment platform Bitpanda said it secured a USD 52m investment to support its expansion in the old continent. The company said it closed "Europe’s largest Series A funding round...

Bitcoin Struggles Near USD 11,000, Altcoins Showing Positive Signs


Bitcoin price moved into a positive zone after it settled above the USD 10,550 inflection zone. BTC even broke the USD 10,800 resistance level and it is currently (08:30 UTC) struggling to clear the key USD 11,000 resistance zone. A clear break above USD 11,000 could start a fresh rally towards...

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