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Grayscale's Parent Set to Buy GBTC Shares, BlockFi Attacked + More News
10.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investments news
Digital Currency Group, the parent company of digital currency asset manager Grayscale Investments, has announced its plan...
FX Branch of Japanese Giant SBI Planning Crypto Move – Report
10.3.2021
Another subsidiary of the Japanese financial giant the SBI Group, FX Clearing Trust, is reportedly targetting crypto-related business expansion.
Per an official release, the firm has now acquired a license for investment trust-related business operations, and will rename itself the SBI Clearing...
Ethereum's Buterin Says Tether Is Bitcoin's 'Ticking Time Bomb Demon'
10.3.2021
Vitalik Buterin. Ethereum (ETH) co-founder Vitalik Buterin argued that, like Ethereum, Bitcoin (BTC) has its own potential bombs waiting to explode.
The ecosystem around Ethereum could see failures and hacks, discussed the participants of The Tim Ferriss Show yesterday. To this, Buterin said:...
JPMorgan to Offer 'Crypto Exposure Basket', but Criticized as Not 'Crypto'
10.3.2021
The news is out that major investment bank JPMorgan Chase is looking to offer its clients access to the crypto market - but not everybody see the offering in good light, or particularly crypto-related.
Dated March 9, the bank's prospectus on the US Securities and Exchange Commission (SEC) website...
Multiple High Profile Crypto Twitter Accounts Suspended, Users Suspect NFT Link
10.3.2021
Twitter users have been left bemused after the accounts of a number of prominent crypto advocates were abruptly suspended – without any apparent explanation.
Accounts belonging to influential individuals such as PlanB and Willy Woo were briefly taken down, although both of these have since been...
Bitcoin Corrects After Hitting USD 55K, Ethereum And Altcoins Supported
10.3.2021
Bitcoin price extended its rise above the USD 55,000 resistance zone. BTC even spiked above USD 55,000 before it started a downside correction. It is currently (05:30 UTC) holding gains above USD 53,000 and there are chances of a fresh increase above USD 54,500.
Similarly, most major altcoins...
Blockchain.com's Outage, Bitcoin's Vouchers, Cards & ETFs + More News
9.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Wallets news
Major crypto wallet Blockchain.com said they're experiencing "an issue that’s preventing many people from accessing their...
Taiwanese Prosecutors Swoop, Accusing Bitmain of IP Violations
9.3.2021
Taiwan’s New Taipei District Prosecutors Office is investigating the possibility that the Mainland Chinese crypto mining giant Bitmain has, in the prosecutors’ own words, “poached” up to 100 AI engineers from Taiwanese companies in an operation that allegedly began back in 2018, per multiple media...
Coinbase Reportedly Valued at USD 90B in a Private Auction
9.3.2021
Source: Instagram, Coinbase
US-headquartered major crypto exchange Coinbase is said to be valued at USD 90bn in a private auction.
The company shares traded at some USD 90bn value last week, based on USD 350 a share, which is the price the stock was trading at the auction last Thursday on...
Bitcoin, Ethereum Rally Despite Outflows From Grayscale's Trusts
9.3.2021
The so-called Grayscale effect might be waning, as both bitcoin (BTC) and ethereum (ETH) are rallying while these two most popular cryptoassets are leaking from Grayscale's trusts.
In the past 7 days, BTC 211 (USD 11.4m) and ETH 781 (USD 1.4m) left the Grayscale Bitcoin Trust (GBTC) and Grayscale...
Chinese Firms Get Bullish as Lottery Operator Renames Itself ‘BIT Mining’
9.3.2021
Chinese firms appear to have become emboldened – and increasingly eager to clamber on board the crypto bandwagon – with 500.com, one of the nation’s biggest sports lottery firms, planning to rename itself with a distinctly crypto-sounding name: BIT Mining.
The company, which is listed on the...
Bitcoin Breaks USD 54K, Ethereum and Altcoins Start Fresh Surge
9.3.2021
Bitcoin price started a steady increase after it settled above the main USD 50,000 resistance. BTC even broke the USD 52,000 resistance and gained over 5%. It is currently (05:00 UTC) showing positive signs, possibly moving towards USD 55,000 and USD 55,800.
Similarly, most major altcoins started...
Miners Returning to S Korea, Where Crypto Is ‘Essential’ for 20-30s
9.3.2021
South Korean Crypto Fever 2.0 is showing no signs of slowing, with miners returning to the fray – and conventional investment experts claiming that crypto has become “essential” for portfolio holders in their 20s-30s.
As previously reported, the operators of PC gaming rooms (PC bang in Korean)...
Morgan Stanley, Soros Tap Into Bitcoin, Speedy Taproot, Ethereum's Berlin + More News
8.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investments news
US-based NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, said it raised...
Three-year-old Bitcoin educator speaks at crypto conference
8.3.2021
Born during the 2017 bull run, Lily Knight is an early adopter in more ways than one
PayPal Acquires Bitcoin Custodian Curv
8.3.2021
Online payments giant PayPal said it has agreed to acquire Curv, an Israel-based crypto custodian, in an effort to expand its crypto offerings.
PayPal did not provide any further details about the deal.
Curv was founded in 2018 by CEO Itay Malinger and CTO Dan Yadlin.
"Now, as the adoption...
Bitcoin, Ethereum and Altcoins Hold Gains Above Key Support
8.3.2021
Bitcoin price started a downside correction from the USD 51,850 zone. BTC dipped below the USD 50,000 support zone, but the bulls were active above the USD 49,200 zone. It is currently (12:30 UTC) above USD 50,000 and it still might move higher.
Similarly, most major altcoins are trading above...
Not Only Institutional Investors Focus On Bitcoin Now - Goldman Sachs
8.3.2021
US investment banking giant Goldman Sachs sees rising demand for bitcoin (BTC) not only among institutional investors, but also in the private wealth management industry.
“I think it's pretty fair to say that all of our institutional client discussion is really focused around bitcoin. Where...
Indian Crypto Players Want Bigger Role In Shaping Regulation As Ban Is Less Likely
8.3.2021
Source: Adobe/Patange_R
As India's Finance Minister and a member of the Lower House of Parliament both gave encouraging statements over the past weekend, local crypto industry players want to have a bigger role in shaping the regulatory landscape.
The news came from India, as on March 5, as...
Listed Norwegian Industrial Giant Aker Goes Bitcoin
8.3.2021
Aker ASA, a listed Norwegian industrial investment company, said it will invest in bitcoin (BTC) and blockchain ecosystem via its newly established subsidiary Seetee that is initially capitalized with NOK 500m (USD 58m).
Per the company, Seetee will initially focus on:
investing in and owning...