American fintech giant Mastercard has announced plans to revamp its crypto card program, to enable traditional banks and crypto companies to offer cards to its users for transacting with digital assets. According to the official statement: “Mastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card …
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CoinFund, a blockchain investment firm behind several recent venture raises, has closed an $83 million funding round as part of its ongoing initiative to bootstrap promising crypto-focused startups. The oversubscribed fundraise was led by Venrock, a California-based venture capital firm founded in 1969. CoinFund said several other “forward-thinking institutional allocators” contributed to the raise, but …
A collection of Bitcoin whale wallets suddenly scooped up tens of thousands of BTC over the weekend after being inactive since December of 2018. According to BitInfoCharts’ list of the biggest Bitcoin wallets, all addresses ranked 89 through 106, except rank number 90, accumulated a total of 28,377 BTC worth $841.85 million on July 17th …
Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show. In a filing with the United States’ Securities and Exchange Commission (SEC) on July 17, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC shares near 150,000 A quiet but nonetheless …
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The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng …
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The CEO of Osprey Funds — the issuer of over-the-counter Bitcoin trust OBTC —isn’t holding his breath for a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States this year. Speaking to Yahoo Finance’s Jared Blikre and Seana Smith on July 19, Greg King said he believes that the U.S. Securities and Exchange Commission (SEC) …
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Major American investment bank JPMorgan is upping its blockchain hiring spree by posting a series of new blockchain-related job applications. JPMorgan has opened multiple positions to pursue its global blockchain development efforts including job postings targeting blockchain-focused software developers, engineers, marketers and auditors. According to the company’s open positions on LinkedIn, many of these new …
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CryptoQuant CEO Ki Young Ju is highlighting a possible catalyst driving Bitcoin’s selling pressure as the leading cryptocurrency now trades below $30,000. In a CryptoQuant quick take, the head of the on-chain analysis firm points to the exchange whale ratio, an on-chain indicator that tracks the activity of deep-pocketed investors by dividing the top 10 …
Bitcoin (BTC) failed to regain $30,000 after losing support on July 20 as fear & greed indices raced each other to the bottom. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price stays below $30,000 waterline Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continue trading in the $20,000-$30,000 zone on Tuesday. The largest cryptocurrency …
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New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow. Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich to survey 1,100 institutional investors to understand their expectations regarding digital asset investments. The majority of surveyed investors expected to invest …
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Despite Bitcoin crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC. According to Glassnode’s July 19 “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 …
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A popular crypto trader and analyst is suggesting that Ethereum’s price could jump 430% by 2022. The trader, known as Capo, says that he is betting on Ethereum (ETH) over Bitcoin (BTC) if the crypto market enters a new bullish period. ADVERTISEMENT He also bets that ETH will flip BTC’s market cap and become …
Ethereum appears to be extending its fee dominance over Bitcoin by roughly 10 times, with Bitcoin currently ranking just sixth by weekly fee generation. According to CryptoFees’ data for July 18, the Bitcoin network had generated $725.7 million in daily fees on average over the past seven days, and less than $400,000 worth of fees …
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The New Jersey Bureau of Securities had issued a cease and desist order to centralized crypto lending firm, BlockFi, preventing it from onboarding new interest account clients in the state. The news was first broken by Forbes on July 19, with the outlet citing an undated, unpublished draft press release which revealed that the New …
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Popular male grooming product manufacturer, Axe. is set to launch a limited run of Dogecoin (DOGE)-themed body spray dubbed “Dogecan.” Axe’s Dogecans will be given out for free, with consumers encouraged to register on the firm’s website for a chance to receive a can. However, the marketing campaign appears to be unavailable to DOGE fanatics …
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