Tesla founder Elon Musk is no stranger to posting silly things on Twitter. He’s used the platform to mock public safety precautions connected with the pandemic, and to inadvertently(?) depress the value of his own company’s stock. He’s also tweeted from time to time about the niche cryptocurrency Dogecoin, which Read more…
Quick Take Disclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this Read more…
Oaktree Capital co-founder Howard Marks is warming up to cryptocurrency. Once a crypto skeptic, he now says “thankfully” his son is “quite positive on bitcoin” and “owns a meaningful amount for our family.” Howard Marks Warming up to Crypto Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about Read more…
There’s a new yield farm for those backing Ethereum 2.0. Source Author: Brady Dale
Quick Take Some market insiders think Bakkt’s ambitious SPAC reflects the frothiness of both the crypto and SPAC markets. It could lead to a flurry of other SPACs across the crypto industry. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature Read more…
In a bid to increase access to crypto-assets, Coinbase tries to list as many digital assets as possible. To achieve this goal, the exchange is launching a digital asset issuing platform, Coinbase Asset Hub. The platform will give the power of issuing assets to issuers with limited involvement of the Read more…
Bitcoin has been trading near $40,000 today. Will it break through the resistance near that price level or suffer a pullback? Source Author: Charles Bovaird, Senior Contributor
Decentralized exchanges are starting 2021 off with a bang. Combined, they are on track to surpass previous all-time high volumes as traders take advantage of the rising price of Bitcoin and Ethereum. Decentralized exchanges like Uniswap and Curve Finance have already transferred more than $27 billion in transaction volume so Read more…
United States Office of the Comptroller of the Currency (OCC) announced on 14 January that the federal agency’s Acting Controller Brian Brooks will step down, and that Blake Paulson will become the new Acting Comptroller of the Currency. The incoming official has been with the agency since 1986 as a Read more…
SIX Swiss Exchange, one of the leading marketplaces for crypto products, has welcomed a new Bitcoin exchange-traded product (ETP) provider known as the ETC Group. According to the official announcement, ETC Group will join 5 other ETP providers, scaling the number of listed ETP’s to 34. The new Bitcoin ETP Read more…
Grayscale Investments is dissolving the Grayscale XRP Trust in light of the U.S. Securities and Exchange Commission’s lawsuit against Ripple. Grayscale, which is the largest digital currency asset manager in the world, says it will liquidate the product and distribute the money to its shareholders. “In response to the SEC’s Read more…
New Zealand’s Financial Markets Authority (FMA) has become the latest financial watchdog to issue cryptocurrency risk warnings to crypto holders and investors. The warning is coming as the crypto market is witnessing a gradual contraction in market prices. The financial watchdog has warned citizens dealing with crypto assets to be Read more…
Federal Reserve Chair Jerome Powell said in a webinar today that providing “regulatory answers” for stablecoins is a “high-level focus” for the central bank. The webinar was hosted by Yahoo Finance, and was essentially an interview conducted by the Princeton economist Markus Brunnermeier. “We’ve been very focused… on potential regulatory Read more…
It has become rather clear in recent years that crypto crime will not be tolerated. Rossen Iossifov – the Bulgarian owner of the now defunct RG Coins – is learning this lesson the hard way. Iossifov Sentenced to Ten Years Iossifov has been sentenced to ten years behind bars for Read more…
You want to secure your bitcoin, ether, and other cryptocurrencies. So you buy a hardware wallet, generate, test, and back up the mnemonic (checking it at least twice). What happens if you delete your mnemonic phrase or seed from your hardware wallet? Is it really gone? How can you be Read more…
Worth roughly $550,000, nearly half of this donation was sent to Nick Fuentes, the leader of the so-called Groyper Army. Source Author: Aziz Abdel-Qader
Deltec, the Bahamas-based bank that holds the reserves for stablecoin giant Tether, holds a “large position in bitcoin” according to its chief investment officer. CIO Hugo Rogers disclosed the investment during a year-in-review video published on January 14. Specifically, the comments about the bitcoin position were in the context of Read more…
Billionaire investor Howard Marks in his memo to investors shared some warming views on Bitcoin and cryptocurrencies as he revealed that his son Andrew “owns a meaningful amount (of BTC) for our family.” With the younger generation long on Bitcoin, Mark’s “high level of skepticism” is now turning to neutral. Read more…
A Bulgarian national was sentenced to serve ten years in prison after a major crypto-related fraud. Not long ago, the man was convicted in a transnational multimillion-dollar scheme to defraud over 900 American citizens. An Auction Fraud That Victimized over 900 Americans According to an official announcement by the United States Read more…
In a Reuters Next virtual conference, European Central Bank (ECB) President Christine Lagarde blasted Bitcoin as a “highly speculative asset,” adding that the cryptocurrency has been widely used for “totally reprehensible money laundering activity.” Lagarde called on tougher regulations on Bitcoin and other cryptocurrencies in recurring rhetoric – calling on Read more…
The digital euro will be the European Union’s version of a central bank digital currency, and the ECB’s latest remarks may spur a hybrid approach of trying to maneuver against bitcoin while promoting the digital euro. Source Author: Roger Huang, Contributor
Goldman Sachs’ global head of commodities research sees the bitcoin market becoming more mature. “The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,” he detailed. Meanwhile, the price of the cryptocurrency soared on Thursday, regaining much of Read more…
Bitcoin’s price has been on a roller coaster of a ride throughout the past couple of weeks After rejecting above $40,000, the cryptocurrency faced massive inflows of selling pressure that sent it reeling down to lows of $30,000 The support here proved to be significant and helped the cryptocurrency see Read more…
Hardware wallet Ledger, which is meant to “provide security to critical digital assets for consumers & institutional investors,” keeps leaking information about its customers. After the last data breach affected 272,000 customers, yet another one has leaked the customer records of additional 20,000 Ledger customers. On Wednesday, Ledger informed the Read more…
Federal Reserve chairman Jerome Powell described the central bank’s work on stablecoins as a “very high priority” during a webinar on Thursday. “Clearly there’s a need for, and we’ve been very focused as you know, on better regulatory answers for potential global stablecoins, in particular,” Powell said during a segment that Read more…
Royale Finance, a cross-chain DeFi solution that uses liquidity pools to provide funding for iGaming startups, today announced it has raised $1.45 million USD to merge DeFi with iGaming, a multi-billion dollar market that includes online casinos, sports betting, poker, prediction markets, lotteries, and more. Contributors to Royale’s funding round Read more…
Twitter CEO Jack Dorsey took to Twitter on Wednesday to clarify his decision to ban President Donald Trump on the platform, which he maintained was the “right decision for Twitter.” For starters, he isn’t celebrating or feeling pride in this move to ban Trump, but it was made “after a Read more…
ECB President Christine Lagarde has expressed her thoughts on BTC in a recent interview, claiming the asset needs to be regulated on a “global level.” Christine Lagarde: Bitcoin Must Be Globally Regulated In her opinion, bitcoin has given people open doorways to numerous financial crimes such as money laundering. Thus, Read more…
Ethereum beat even Bitcoin in terms of overall gains in 2020, but the altcoin still hasn’t broken its former all-time high, while Bitcoin has since left its record far behind. However, according to one crypto capital manager, as soon as Ethereum does take out its former peak, the altcoin will Read more…
Bitcoin didn’t die—all over again. The flagship cryptocurrency climbed to an intraday peak of $40,127 in the early New York session Thursday, up more than 7 percent. Its upside move followed a massive bearish reversal at the beginning of this week, wherein the price fell from near $42,000 to as Read more…