Bitcoin
Yellen Crypto, Bitcoin, IG Group $1bn Buy, Spain FX Warning: Editor’s Pick
ICYMI: The biggest news stories of the week Source Author: Ben Myers
Altcoins
Refinitiv Reports Slight Drop in FX Volumes as Year-End Lull Weighs
Turnover in all products including cash, forwards, swaps, options and non-deliverable forwards were reported at $436 billion in December 2020. Source Author: Aziz Abdel-Qader
Exchange
Coinbase Has 43 Million Users, $90 Billion in Platform Assets
This milestone, which includes its retail and institutional clients, is up 8 million from the figure it revealed in mid-2020. Source Author: Aziz Abdel-Qader
Exchange
Huobi Futures Reveals $2.3 Trillion Trading Volumes in 2020
Trading volumes peaked in the fourth quarter this year, with an average daily trading volume reaching $12.3 billion. Source Author: Aziz Abdel-Qader
Bitcoin
OKCoin To Integrate Bitcoin’s Lightning Network This Quarter
OKCoin emphasized that the scaling technology will drive significant improvements in transactions’ speed and fees. Source Author: Aziz Abdel-Qader
Libra
Croatia Watchdog Exposes Fraudsters Selling ‘Digital Yuan’ on Facebook
Following bitcoin’s epic bull run, hundreds of cryptocurrency fraudsters popped up around the internet. Source Author: Aziz Abdel-Qader
Exchange
Singapore Exchange Reports Strong Financial Results in H1 FY21
The exchange reported S$228 million ($171 million) net profit in H1 of FY21, up 7% year-on-year. Source Author: Bilal Jafar
Bitcoin
Bitcoin Miner Bit Digital Faces Class-Action Lawsuit for Alleged Fraud
The company shares dived 45 percent from the peak achieved earlier this month. Source Author: Arnab Shome
Altcoins
Calypso Expands Latin American Presence Gaining Grupo Aval Contract
The Columbian group is planning to transform its existing technology. Source Author: Arnab Shome
Bitcoin
How Low Will Bitcoin Go? BTC Dives Nearly 20% over 7 Days
Bitcoin’s weekly loss is the worst one the coin has seen since September 2020. Source Author: Rachel McIntosh
Blockchain
OIO Holdings Appoints Rudy Lim as CEO of Blockchain Business Subsidiary
The company wants to accelerate its blockchain business, Lim previously served as the Head of Fintech at DBS Bank. Source Author: Bilal Jafar
Bitcoin
Top Brazilian Bitcoin Exchange Plans International Expansion
The exchange is planning to enter Chile, Mexico and Argentina. Source Author: Arnab Shome
Blockchain
Largest Russian Bank Seeks Permission to Launch Blockchain
The bank has plans to issue its own digital currency. Source Author: Arnab Shome
Legal
Cryptocurrencies Have Fundamental Flaws, Says UBS Economist
Paul Donovan said that crypto supply cannot be reduced in case of a slump in demand. Source Author: Bilal Jafar
Exchange
Upbit Thailand Launches as Bitkub Facing Troubles
Bitkub handles 97 percent of the total crypto trading in Thailand. Source Author: Arnab Shome
Finance
Janet Yellen Changes Tone on Cryptocurrency Assets
Joe Biden’s Treasury Secretary nominee said that Bitcoin and other cryptocurrencies offer potential benefits. Source Author: Bilal Jafar
Altcoins
FXSpotStream Names Amar Vadher Infrastructure Manager
Vadher brings two decades of technical experience to FXSpotStream, having served most recently as Head of Technology at R5FX Source Author: Aziz Abdel-Qader
Altcoins
Joe Biden Names Democratic Allison Herren Lee New SEC Chief
Lee was nominated to the SEC in 2019 to fill the open Democratic spot on the commission once held by Kara Stein. Source Author: Aziz Abdel-Qader
Altcoins
Spain is Fed up with Cypriot Brokers’ Practices, the CySEC Warns
CNMV issued a circular that adopted an aggressive tone, threatening some brokers that they end up closing their activity Source Author: Aziz Abdel-Qader
Altcoins
Centroid Solutions Onboards Cristian Vlasceanu as CEO
Most recently, Cristian has spent 13 months as CEO at the software development and services arm of GMI Group, Finstek. Source Author: Aziz Abdel-Qader
Bitcoin
Bitcoin Crash Intensifies, BTC Drops below $32,000
The world’s largest cryptocurrency lost nearly 20% of its value in the last 7 days. Source Author: Bilal Jafar
Altcoins
BlockFi Launches Crypto OTC Desk for Asian and American Traders
The platform will execute large trades with three top digital currencies. Source Author: Arnab Shome
Altcoins
Institutional Crypto Adoption Barriers Are Decreasing, Report Says
Despite some improvements, insufficient market capitalization remained a massive issue in institutional crypto adoption. Source Author: Bilal Jafar
Exchange
Russian Court Favors Binance for Removing Domain from Blacklist
The country’s media censor blacklisted Binance.com in September. Source Author: Arnab Shome
Ethereum
What Pushed ETH past Its Latest All-Time High & What’s Next?
Bitcoin, as well as developments in the Ethereum ecosystem, have had big effects on the price of ETH this year. Source Author: Rachel McIntosh
Altcoins
FBS CopyTrade Launches a New Card Scanning Feature!
FBS CopyTrade app is launching a new feature to be even more convenient to use! Source Author: Sponsored
Altcoins
PayPoint Revenue Decline Continues in Q3 FY21
Emoney and card payment transactions saw gains. Source Author: Arnab Shome
Altcoins
Green Labs Completes $18M Series B Led by Hashed
The blockchain smart farming startup plans to grow its current user base in the farming industry to 100,000. Source Author: Finance Magnates Staff
Altcoins
IG Group Proposes $1 Billion Acquisition of Tastytrade
The broker announced to pay the total amount through $300 million in cash and $700 million worth of IG shares. Source Author: Bilal Jafar
Altcoins
IG Group Posts 129% Jump in H1 FY21 Income
Revenue for the period took a leap of 67 percent. Source Author: Arnab Shome