Online tech retailer Newegg has announced it will be accepting Litecoin (LTC) as a form of payment for customers who use BitPay on their platform. In a new press release, the California-based e-commerce company reveals that customers shopping on Newegg.com will be able to check out using LTC starting this week. ADVERTISEMENT According to …
Continue reading “Litecoin (LTC) Sparks Crypto Adoption With Big E-Retailer on Board”
Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss however based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures …
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It was a tumultuous week in China outside the financial world with severe flooding hitting Zhengzhou and typhoon In-Fa lashing into cities around …
Cryptocurrency analyst Justin Bennett is scrutinizing the decentralized supply chain management platform VeChain (VET), smart contract blockchain leader Ethereum (ETH), oracle protocol Chainlink (LINK) and crypto king, Bitcoin (BTC). Using VeChain’s past price history as a guide, Bennett suggests the asset may have hit a bottom as he traces a bullish path that – if …
The global crypto exchange Binance is making a major change to its know-your-customer (KYC) policy. CEO Changpeng Zhao just announced that Binance is significantly lowering the amount of cryptocurrency that certain traders can withdraw per day. ADVERTISEMENT The platform now requires users to complete their identity verification to increase daily withdrawal limits up to …
The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level. Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend …
Continue reading “Bitcoin traders express mixed emotions about what’s next for BTC price”
Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators. In a Thursday announcement, Okcoin said it had secured formal registration from the central bank in the Netherlands and secured “in principle” approval for a virtual financial assets license from the Malta …
Continue reading “Okcoin secures regulatory approval in Malta and the Netherlands”
Uniswap’s growth lead, Ashleigh Schap, has hinted that the company has possible deals in the works with major trading and payments platforms including PayPal, E*Trade, and Robinhood. No official or formal partnerships, however, exist as of today. The company’s executive made this revelation when she took the stage at the EthCC conference in Paris last …
Continue reading “Fintechs like PayPal are taking note of DeFi, says Uniswap”
US President Joe Biden and the bipartisan group announced the details of a historic $550 billion federal investment in the country’s infrastructure as the Senate intends to tighten crypto taxes in order to raise $28 billion that would contribute to the funding, Bloomberg reported. The proposal would introduce stricter rules for crypto brokers on reporting …
Continue reading “US senators eye the crypto market for potential $28 billion in tax revenue “
Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order …
Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under …
The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far. The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, …
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank also plans to keep interest rates at near-zero. …
eToro, the multi asset investment platform, today announced the addition of Shiba Inu, following strong customer demand. Shiba Inu was created as an Ethereum-based alternative to popular memecoin Dogecoin (DOGE). The Shiba Inu ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap. Shiba Inu is represented …
Global payment giant PayPal is preparing to expand its cryptocurrency offerings. In April of this year, PayPal introduced crypto services on its mobile payment service Venmo, which enabled over 70 million additional users to buy and sell four cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). ADVERTISEMENT During PayPal’s Q2 …
