Crypto news

While the world worries about the fall of Bitcoin prices, billionaires are increasingly enamored with the cryptocurrency. A recent Goldman Sachs study revealed that at least 45% of family offices are interested in investing large amounts of money in cryptocurrencies. Family offices are firms in charge of managing the money of billionaires such as Amazon’s Jeff Bezos, Google co-founder Sergey Brin or Alibaba’s Jack Ma. Generally, each office manages the wealth of a family....

While being skeptical about offering bitcoin investment options to its clients, the American multinational investment bank JPMorgan Chase & Co has admitted that demand for the asset class has increased significantly. Growing Demand for Bitcoin In a recent interview with Bloomberg, Mary Callahan Erdoes, JPMorgan’s director of Asset and Wealth Management, noted that most of the company’s clients view bitcoin as an asset class. To maintain its client base, Erdoes stated that...

As Ethereum gas fees soared to record highs during the 2021 bull market, rendering many decentralized finance (DeFi) protocols unusable for casual users, several projects were forced to deploy on other chains. This created a huge surge in demand for cross-chain mechanisms – called bridges – able to securely transfer user assets from one chain to another. Cross-chain bridges can generally be divided into centralized custodial bridges (CCB) and Decentralized non-custodial...

Bitcoin has endured a rather dramatic fall over the past few months, but for many analysts, the world’s number one digital currency by market cap is not entirely down for the count yet. Bitcoin May Be Getting Ready to Make Its Triumphant Return Bitcoin hit a new all-time high of roughly $64,000 per unit by mid-April of 2021. The currency seemed unstoppable until suddenly, it began experiencing a rough period of heavy drops that about two months later, brought its value...

Elon Musk has a funny theory about why Dogecoin (DOGE) might conquer the crypto space. In his panel discussion with Jack Dorsey and Cathie Wood at “The B Word” online event,  Elon Musk expressed an amusing theory about Dogecoin as an aside. When asked about the meme coin’s prospects, Tesla’s Founder first explained the traditional theory of Occam’s razor: “The simplest explanation is the most likely explanation.” He then expressed one of his friend’s variants of that theory:...

Elon Musk and Jack Dorsey finally had their face-to-face talk about Bitcoin at “The B Word” event today. Joined by Cathie Wood and moderated by Steve Lee, their long-awaited talk was largely bullish all around – including on Bitcoins energy use, which Elon says he is now more optimistic about. The three began by citing what got them interested in Bitcoin. Elon saw it as an improvement to the “information system” that supports the economy as a whole On Scalability, Musk admits...

David Tice – a Wall Street investor – is warning others that it is very “dangerous” to be investing in bitcoin and cryptocurrencies right now. David Tice on BTC: Avoid It Right Now 2021 has virtually become the new 2018. The world’s number one digital currency – bitcoin – has fallen by more than 50 percent over the past few months. Attaining a new all-time high in mid-April of this year of around $64,000 per unit, the currency has seemingly fallen to just over $30,000 at...

China has pretty much gotten rid of all bitcoin miners. It has steamrolled through all the operations stationed within its borders and the industry is virtually dead in the nation. China and Its Negative Attitude Towards Crypto At first glance, it seems like bitcoin would have steadied by now, though it appears the currency is sliding even further. The asset is trading for about $30,000 even – less than half of what it was in April. Yet, despite how much bitcoin is...

The world’s largest NFT marketplace, OpenSea has recently raised $100 million from industry investors in a recently-concluded Series B funding round led by leading American venture capital firm, Andreessen Horowitz. Making NFT Trading Accessible to More Users In an official press release published Wednesday, OpenSea noted that it will use the funds to expand its reach into several new international markets to make NFT trading accessible to more users. The project also added...

[PRESS RELEASE – HANOI, VIETNAM, July 21, 2021] Spores Network, a full-stack NFT-DeFi platform, is getting closer to yet another milestone with the launch of its upcoming “initial DEX offering” (IDO) on Cardstarter – the premier launchpad and incubator for projects on Cardano. Community members and investors now have the chance to secure a spot on the whitelist for the IDO scheduled for Friday, July 21st at 8:00 AM PST/3 PM UTC. The highly anticipated dex offering marks the...