Last week PayPal, which has over 300 million users worldwide, decided to enter the cryptocurrency market. On October 21st, the company announced that it would integrate cryptocurrency into its digital wallet and allow customers to buy, sell and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin: Source: Twitter Immediately, the cryptocurrency ...
Last week the crypto market was shaken by the suspension of cryptocurrency/digital assets withdrawals on OKEx, one of the biggest exchanges. Source: Twitter OKEx explained the cryptocurrency withdrawal suspension with being "out of touch" with one of the private keyholders, preventing the "associated authorization" from being completed. The exc...
As the price of Bitcoin has managed to retake the psychological level of $11,000 per one digital coin, the positive sentiment among crypto enthusiasts has started to increase again. For example, Anthony (Pomp) Pompliano, a well-known crypto investor and the co-founder of Morgan Creek Digital, wrote on Twitter that Bitcoin was waking up: Source:...
On October 1st, the US Commodity Futures Trading Commission (CFTC) filed an action against cryptocurrency derivatives exchange BitMEX and its owners, including co-founder and CEO Arthur Hayes. The authority accused them of running an unregistered trading platform and violating CFTC rules, including anti-money laundering and customer identificati...
Blockchain software technology company ConsenSys has partnered with the Hong Kong monetary authority (HKMA) and the Bank of Thailand in the second phase of their joint development of a central bank digital currency (CBDC). According to a recent press release, ConsenSys is researching the implementation of CBDC in a cross-border payment network. ...
Everyone in the cryptocurrency world is talking about DeFi! The Klondike fever in the world of decentralized finance intensifies. On Wednesday, September 16th, Uniswap launched its governance token UNI. Uniswap is a decentralized protocol for automated liquidity provision on Ethereum, according to public info on its website. While last week most...
Interest in cryptocurrencies is constantly increasing. In August, the trading volumes on crypto exchanges went up by 75%, according to data by The Block. Last month, the spot crypto trading volume reached $191.2 billion. In July, this figure was $109.3 billion: Source: The Block One of the reasons behind the growing interest in cryptocurrencies...
On-chain data/chart provider for investors CryptoQuant has tried to explain the recent solid and rapid price decline in the cryptocurrency market as triggered by massive Bitcoin outflows from the mining pools: Source: Twitter According to CryptoQuant's data, three mining pools (Poolin, Slush, and HaoBTC) withdrew 1,630 BTC on Wednesday, Septemb...
President of Fidelity Investments Corporation Peter Jubber has filed paperwork with the US Securities and Exchange Commission (SEC) to be able to launch a new Bitcoin investment fund, according to Forbes. The fund is called Wise Origin Bitcoin Index Fund and it was established earlier this year. Its office is located in the same building as Fide...
During a recent podcast, prominent Bitcoin maximalist and Chief Strategy Officer at Blockstream Samson Mow and Ethereum creator Vitalik Buterin concluded that in the long run, many cryptocurrencies will prosper and Bitcoin will not be the only winner. However, a large number of cryptocurrencies that fundamentally don't have a minimum viable prod...