Coinbase has announced that it plans to invest 10% of all profits in crypto. The exchange is one of the leading crypto exchanges in the world and with their profit margins, 10% will be a big investment going into crypto. All crypto purchases with crypto will be kept on the balance sheet going forward. And …
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Data reveals that while Bitcoin’s price is shooting up, the on-chain activity hasn’t improved much in the past week. What could be the reason behind this behavior? Bitcoin Breaks $50k, But Activity Lags Behind As per this week’s edition of the Arcane Research report, on-chain activity seems to be slow to recover despite the price …
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Bitcoin has seen some downside action in the past 24 hours, as it was rejected north of $50,000. The first cryptocurrency by market cap trades at $49,207 with a 2.1% loss in the daily chart. BTC moving sideways after rejection at $50K in the daily chart. Source: BTCUSD Tradingview Investors and experts are keeping a …
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Bitcoin has been doing good lately in the market. The digital asset broke the $50K price point earlier this week, before seeing a slight retracement down to $49K. This has been driven by a number of factors in the market. Growing interest is at the top of the list. As the price rallies, a number …
Crypto volatility is a much-feared aspect of the crypto ecosystem, majorly responsible for slow crypto adoption. Many crypto projects tackle this challenge by using different security and stability mechanisms. However, BuyBack and token burn are amongst the most successful ways to ensure a constant price rise of the token, and that the token price is …
The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27. The vote was agreed to after the House narrowly approved the Democrats’ $3.5 trillion budget blueprint in a vote of 220 to 212. Despite some initial pushback from …
VISA, the global payment giant has placed yet another bet on the hugely popular Ethereum ecosystem. The company has declared very recently the news of a purchase they have made of a globally popular Non-Fungible Token or NFT collection known as the CryptoPunk. VISA has purchased the NFT which is completely Ethereum based on the …
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The global payments processing giant, PayPal, have been willing to launch their cryptocurrency services in the United Kingdom and have been making statements regarding their plan. Finally, they have announced officially that they are launching their cryptocurrency services in the United Kingdom from the following week. The crypto service from PayPal which was launched in …
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The Chinese e-commerce giant Alibaba had shocked the world and especially the global crypto community when they announced that they are launching their own Non-Fungible Token or NFT Marketplace. The South China Morning Post reported that the NFT Marketplace launched by Alibaba not only allows buying and selling of NFTs but it is also capable …
Crypto analytics firm Santiment says that deep-pocketed investors are buying up Fetch.ai, Bancor and two more altcoins. The crypto insights platform tells its 89,800 followers that decentralized machine learning network Fetch.ai (FET) leads the altcoin pack in terms of heavy whale buying. ADVERTISEMENT It is followed by decentralized exchange Bancor (BNT), indexing protocol The …
Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, says non-fungible tokens (NFTs) are going mainstream faster than almost anything he’s ever seen. In a new interview with CNBC, Bankman-Fried notes that rapid adoption of a new trend involves both excitement and risks. ADVERTISEMENT Visa just announced that they bought an NFT… Everyone is currently …
Coinbase’s global vice president of tax, Lawrence Zlatkin, is sharing his critique on an editorial response from Bloomberg that discusses the crypto provisions defined in the ongoing US infrastructure bill. Bloomberg’s op-ed took the stance that the crypto provisions within the original bill will help to bolster the government’s tax revenue from crypto entities paying …
Bitcoin infrastructure firm Blockstream is the latest company to reach unicorn status in the crypto industry, after raising $210 million with a valuation of $3.2 billion. Blockstream, which focuses on various Bitcoin services like mining, custody and transferring, was co-founded by cypherpunk and crypto “OG” Adam Back, who some believe could be Satoshi Nakamoto, the …
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Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches the course “Blockchain, Crypto and Regulatory Considerations.” …
Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics. Surprisingly, …
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