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BitMEX Mulls Plain Vanilla Products As It Looks To Increase Market Share
2.3.2021
Major crypto derivatives exchange BitMEX might introduce a new range of plain vanilla, or basic financial products designed to boost its market share, according to Alexander Höptner, CEO of 100x Group, the holding behind the platform.
“The products that we offer right now are pretty sophisticated...
US SEC Now ‘On the Clock’ for Key Bitcoin ETF Decision
2.3.2021
The bitcoin (BTC) ball is decidedly in the regulators’ court in the United States, where the Securities and Exchange Commission (SEC) is now “on the clock” – with the crypto world eagerly awaiting its response.
Many believe that approval of a bitcoin exchange-traded fund (ETF) in the United States...
Bitcoin Plays With USD 50K, Ethereum, Altcoins Gain Bullish Momentum
2.3.2021
Bitcoin price started a steady increase above USD 45,000 and it even surpassed USD 48,000. BTC tested the USD 50,000 resistance and it is currently (05:00 UTC) consolidating gains. The price could continue to rise if the bulls gain strength above the USD 50,000 resistance.
Besides, most major...
Door Opens for South Korean Crypto Exchanges Fearing Forced Closures
2.3.2021
Smaller South Korean exchanges may find a way to survive the promulgation of a new crypto act later this month that requires all trading platforms to abide by real-name banking procedures.
As previously reported, only the “big four” crypto exchanges – Upbit, Bithumb, Korbit, and Coinone – currently...
MicroStrategy Spent USD 15M on Bitcoin Dip
1.3.2021
One of the most bullish non-crypto companies, US-based software developer MicroStrategy, just used the recent bitcoin (BTC) correction to increase their BTC stash.
Per CEO Michael Saylor, the company has purchased an additional BTC 328 for around USD 15m in cash at an average price of USD 45,710...
China’s Inner Mongolia Might Push Bitcoin Miners Towards Greener Energy
1.3.2021
Source: Adobe/Андрей Трубицын
The Chinese Inner Mongolia Autonomous Region (IMAR) – a hub of crypto mining activity, particularly Bitcoin (BTC) mining – could be set to enact a shutdown of the industry, ordering all operators to close up shop as early as next month, and possibly pushing them...
Three Developments For Bitcoin According to Citi
1.3.2021
US-headquartered international banking giant Citi just released a mostly bullish 107-page report about Bitcoin (BTC), its achievements and what might happen next, while some other analysts forecast "a downward spiral" for BTC.
In its report from the GPS series, Citi stressed three...
Insurance Companies Reportedly Sink Crypto Cruise Ship MS Satoshi Project
1.3.2021
Plans by Panama-based company Ocean Builders to launch a crypto cruise ship, a floating community to host businesses including stores and restaurants that planned to accept bitcoin (BTC) from customers, were reportedly scrapped by what company representatives describe as the inflexibility of...
Bitcoin, Ethereum and Altcoins Fluctuate, Key Resistance Intact
1.3.2021
Bitcoin price followed a bearish path below USD 50,000 and USD 48,000. BTC even broke the USD 45,000 support zone and traded close to USD 43,000. It is currently (05:30 UTC) recovering above USD 46,000, but there are many important hurdles near USD 48,000 and USD 50,000.
Similarly, most major...
Spanish Bittrex Customer Says Exchange ‘Allowed’ Theft of His Bitcoin
27.2.2021
A Spanish court has given the Tenerife police permission to look into the case of an alleged Bittrex customer who claims the crypto exchange is at fault in the case of the “theft” of around USD 62,000 worth of bitcoin (BTC).
The Tenerife branch of the national police cybercrimes unit is...
Kraken Valuation, Millions Of Crypto Robinhoods, 1inch Bridge + More News
26.2.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Kraken is in talks to raise new funding that would see its valuation more than double, to more than USD 10bn, reported Bloomberg...
Bitcoin Taproot Upgrade Runs Into Activation Debate
26.2.2021
Taproot, a proposed protocol upgrade that should improve Bitcoin (BTC)'s privacy and flexibility, seems to be in the final stage of its path to activation, with one more major step to take and, apparently, argue over: the LockinOnTimeout (LOT) parameter that determines whether or not BTC nodes will...
MIT, Jack Dorsey & More Pour Resources into Bitcoin Development Efforts
26.2.2021
Source: A screenshot, Instagram/mitpics
Forward-thinking innovators are looking for new ways to power Bitcoin (BTC) development, with one of the world’s biggest tech universities, IT CEOs and entrepreneurial pop stars all turning their attention to the betterment of the Bitcoin network.
In...
Bitcoin Rally Might Be Back To 'Normal' by April or 'Sooner' - Pantera's CIO
26.2.2021
The bitcoin (BTC) market is still healthy, despite its recent selloff, which is usual for the bull runs in this nascent industry, according to Joey Krug, Co-Chief Investment Officer at major crypto investment firm Pantera Capital.
"I think, in terms of price action, things will be kind of back...
Crypto Industry Wins More Time For FATF Travel Rule
26.2.2021
There may yet be some wriggle room for the crypto exchanges and other virtual asset service providers (VASPs) struggling to get their platforms ready for Travel Rule compliance – with the Financial Action Task Force (FATF) admitting that it may be prepared to budge on amending the guidance, which...
Bitcoin, Ethereum and Altcoins Drop After Tagging Resistance
26.2.2021
Bitcoin price topped near the key USD 52,000 resistance level and started a fresh decline. BTC broke the USD 50,000 and USD 48,000 support levels. It even tested USD 46,000 and it is currently (05:00 UTC) struggling to recover above USD 48,000.
Similarly, there was a fresh decline in most major...
Giant Rakuten to Let Customers Charge E-Pay Accounts with BTC, ETH, BCH
26.2.2021
Rakuten CEO Hiroshi Mikitani. The Japanese e-commerce and business giant Rakuten has taken yet another significant step into the world of crypto – by linking its crypto platform with its e-pay operations.
In an official release, the firm announced that it would allow customers of its Rakuten Wallet...
Duma Committee Chief Throws up Roadblock to Russia’s Crypto Tax Plans
25.2.2021
A parliamentary legislation committee leader has stated that there is a need to provide with legal status and legally binding definitions for crypto-related terms in Russia before proceeding with further tax-related lawmaking and regulation. The move potentially throws a spanner into the works...
Bitcoin Is 'Perfect' For The USD 20T Global Collateral Market - Research
25.2.2021
Bitcoin (BTC)'s unique features make it a perfect collateral asset, providing it with major potential to capture a share of the global collateral market which is estimated at close to USD 20trn, according to Norwegian crypto-focused research firm Arcane Research.
“Based on our calculations and data...
GameStop 'Round 2' Begins: GME Jumps on Another Roller-Coaster
25.2.2021
The US-based videogame retailer GameStop (GME) saga that eventually spilled into the cryptoverse just was restarted. While things might've been relatively quiet on that front in the past few days, the company's stocks have jumped more than a 100% yet again before dropping sharply.
The price doubled...