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Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record
3.2.2021
Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver Behind Revenue Figures in 2020...
Canadian investment firm Accelerate Financial files for Bitcoin ETF
3.2.2021
Calgary-based financial services firm Accelerate Financial Technologies is planning to list its Bitcoin ETF on the Toronto Stock Exchange
Crypto Asset Manager Bitwise Files to Publicly Trade Bitcoin Fund
3.2.2021
On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets....
GameStop Stock Is Starting To Go Bust
2.2.2021
After soaring for more than a week, GameStop’s stock has plummeted back down to earth, sinking below $100 a share several times today, a drop-off of more than $200 from last week. Read more
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack
2.2.2021
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestock shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number...
Robinhood CEO May Testify Before US House Committee Over GameStop Allegations
2.2.2021
Vlad Tenev will likely appear before a U.S. virtual hearing as lawmakers investigate the firm's recent trading restrictions, a Politico report says
Senator to launch Financial Innovation Caucus to educate lawmakers on crypto
2.2.2021
Cynthia Lummis, the first U.S. senator to own Bitcoin, will launch a Financial Innovation Caucus to educate her fellow-senators about Bitcoin and crypto assets
Halving & Burns on BitGesell – the Optimal Combination for Scarcity and Value in the Crypto Age
1.2.2021
BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep...
Someone Already Sold The Movie Rights To An Unpublished GameStonk Book
1.2.2021
Someone is already writing a book on the saga that has been GameStop’s stocks, which in turn is already primed to become a movie. It’s barely been a week.Read more
Analyzing and Redefining Financial Tech in the Middle East at MarketsandMarkets Fintech and Blockchain UAE Virtual Summit
1.2.2021
January 23.01.2021 –The ‘MarketsandMarkets Fintech and Blockchain UAE Virtual Summit’ is scheduled to take place on March 22–23, 2021. The virtual summit features two days of insights into the Financial Technology and Blockchain scenario in the Middle East, the newest tools and technologies...
Are Financial Advisors Missing Crypto?
30.1.2021
On this episode of the 'On Purpose' podcast, independent registered investment advisor Tyrone Ross digs into the thorny topic of bitcoin and digital assets through the lens of your average Financial Advisor
Coinbase Opts out of IPO Routine, Chooses Popular Direct Listing Route
30.1.2021
The San Francisco-based cryptocurrency exchange Coinbase recently announced the company plans to do a direct listing, as opposed to following the initial public offering (IPO) route. The decision means that Coinbase can float its shares on an exchange without hiring a financial institution...
GameStop Stock Has A Terrible Day, Still Closes At The Unthinkable Price Of $200
29.1.2021
A trading lockout on GameStop stock by a number of investing apps led to the saga’s weirdest day yet: class action lawsuits, calls for hearings on Capitol Hill, and the suggestion that Treasury Secretary Janet Yellen might need to recuse herself from overseeing Wall Street’s latest shitshow because...
US Congress Plans Hearings on GameStop Market Pumps
28.1.2021
While Congress is planning multiple hearings, it's less clear what financial regulators might do
Financial ties between Robinhood and funds shorting GME fall under scrutiny
28.1.2021
The trading platform's decision to shut Redditors out from buying GameStop continues to raise eyebrows
S&P Global: Cryptocurrencies Have Become Mainstream and Are Here to Stay, Bitcoin Reminiscent of Gold Rush
27.1.2021
S&P Global says cryptocurrencies have become mainstream and appear to be here to stay, as more companies are offering crypto services and adoption is growing worldwide. Meanwhile, an S&P analyst believes that bitcoin’s rise is reminiscent of the U.S. gold rush. S&P Global Says...
Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System
27.1.2021
The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s...
FinCEN Extends Crypto Rulemaking Review Period as Senate Confirms Janet Yellen
27.1.2021
The Financial Crimes Enforcement Network (FinCEN) has issued a notice extending the comment period for its crypto wallet proposal. The extension came shortly after the U.S. Senate confirmed Janet Yellen as the new U.S. Treasury Secretary. FinCEN Extends Comment Period for Crypto Wallet Rulemaking...
GameStop Stock Drama Continues As Price Soars And Hedge Fund Blinks
27.1.2021
GameStop’s stock price continued to soar in after-hours trading last night to over $300. While many are waiting for it to come crashing back down, it might be too late for some major hedge funds. With the stock still sitting at well over $250 a share (unthinkable just last year when it was trading...
Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity
27.1.2021
The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by...