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 …
Tag archives: Bitcoin
US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far
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, …
Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
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. …
Privacy & possession in crypto: The story of non-custodial protocols
No private keys, no crypto. Individuals in the crypto domain often strive to be their own bank. There is good reason for them to do so, considering the gradual rise of surveillance states and big tech companies. Because traditional finance is centralized and debt-driven, it has manifested persistent issues and shortcomings, particularly concerning financial access. …
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Ripple chairman Chris Larsen has a warning for Dogecoin (DOGE) holders
Ripple chairman Chris Larsen cautioned investors on the risks of investing in Dogecoin. He likened it to gambling, adding that most people who gamble end up losing. Since blowing up off the back of the WallStreetBets movement earlier this year, a number of prominent figures in the crypto space, including Charles Hoskinson and Barry Silbert, …
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New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial …
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan …
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Elon Musk Hints Tesla Owns About 42K Bitcoins
Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his electric car company owns in response to a rough calculation …
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These crypto analysts say Ethereum could reach $4,500 by 2022. Here’s why
Ethereum (ETH) could be worth $4,596 by the end of 2021, say analysts on the latest quarterly Ethereum Price Predictions Report from the personal finance comparison site, finder.com. Finder’s global panel consists of 42 senior cryptocurrency specialists and academics who were asked to give their thoughts and price forecasts for ETH. Longer term, the panel …
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Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director
A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment …
Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls
The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on …
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability to decentralize products and services has long been among its key value propositions, especially when providing …
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Helium Hotspot Miner – Mining With Helium Bar
press release PRESS RELEASE. Helium Network developed a decentralized peer to peer wireless network, which can connect different compatible devices through a series of hotspots. By being a part of this network, people can earn cryptocurrencies (HNT). The Helium hotspot miner network is growing steadily. Hence, it is worthy to think about mining HNT. To …
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Bitcoin went to $58,000 the last time this price action happened. It’s back
Bitcoin went to $58,000 the last time this price action happened. It’s back Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › Analysis Market sentiment goes neutral after seven consecutive daily green closes. Can Bitcoin make it eight? Samuel Wan · July 29, 2021 at …
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XRP jumps 19% as Ripple announces ODL corridor in crypto-friendly Japan
Ripple transfers 60 million XRP even as US SEC lawsuit crawls on To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto. Meanwhile, Ripple and Binance …
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