Crypto news

In an unfortunate turn of events for supporters of the DeFi Money Market Foundation, the DMM token plummeted in value as the team behind it revealed they cease all operations due to regulatory concerns.DMM Ceases OperationsThe DeFi Money Market used to be a loans platform and it received some serious attention within the cryptocurrency community. One of the reasons – it was a hot DeFi project backed by some serious names, including Draper Goren Holm – a partnership between Tim Draper, Alon...

San Francisco-based crypto payments platform Metal Pay has applied for a national bank charter with the U.S. national bank regulator, which would enable the company to offer seamless cryptocurrency-related services.Metal Pay Eyes Full National Bank LicenseIn a tweet thread published on Thursday (Feb. 4, 2021), Metal Pay’s First Blockchain Bank and Trust (FBB&T) revealed that it intends to become a full national crypto bank following its application with the Office of the Comptroller for...

Following the recent attack on the Yearn.Finance protocol, major U.S. dollar stablecoin company Tether froze $1.7 million worth of USDT stolen from the platform. Meanwhile, Bitfinex disclosed that it had made the last loan repayment to Tether.Tether Freeze Raises Centralization ConcernsTether CTO Paolo Ardoino announced the news of the USDT freeze via his Twitter handle on Friday (Feb. 5, 2021). The company’s action would subsequently prevent the hacker from spending the stolen funds.....

After losing a substantial share of its market dominance lately, bitcoin has recovered some of the losses by nearing $40,000. This comes even after some altcoins have gained value, including yet another record for Binance Coin above $70.BTC Eyes $40K, Recovers Some Lost DominanceDespite gaining a few thousand dollars since Monday’s dip to $32,000 to about $37,000, bitcoin remained in the shadows while some alternative coins took the main stage. Consequently, they reduced BTC’s dominance over...

Jack Dorsey, a long-term bitcoin enthusiast and unarguably one of the most influential proponents of the digital currency and its underlying technology, is now actively contributing to the bitcoin network. After introducing Bitcoin to Cashapp and announcing plans to release an open, decentralized standard for social media, the Twitter CEO is bringing his admiration for Bitcoin closer to home.Dorsey revealed he is setting up a bitcoin node in a tweet earlier today.Running #bitcoin...

Visa – one of the largest credit card companies in the world – has announced plans to roll out cryptocurrency-buying services soon.Visa Is Working to Make Crypto the Future of MoneyOver the years, the credit card firm has become one of bitcoin’s biggest supporters despite not thinking much of digital assets for a time. Since then, however, it has forged relationships with approximately 35 separate bitcoin and cryptocurrency-related firms and hopes to make it so that digital currency can take...

The finance minister of India Nirmala Sitharaman is putting a lot of people’s fears to rest given that her recent budget speech left out cryptocurrencies completely. While this may seem like the wrong move to make, it has seemingly calmed many viewers given that India has long been debating whether it should potentially instill a full ban on all crypto-related activity.India Is Moving in Another Direction with CryptoIndia first instilled a ban on all business partnerships between crypto firms...

This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day.Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days, dipping below $33,000 on a few occasions. However, it was on Tuesday when the price started going up, reaching a weekly high at just shy of $39,000 before settling to where it’s currently...

Finanzexperte von Investing.com sieht Bitcoin schon bald bei 60'000 US-Dollar Ein Finanzexperte des Finanzportals Investing ist der Meinung, dass der Bitcoin möglicherweise bereits im ersten Halbjahr bis 60’000 US-Dollar steigen wird. Die These wird von Anlegern unterstützt. Der Analyst sieht diesen Aufschwung im kontinuierlichen Interesse von Investoren in Kombination mit „günstigem Geld“, welches in das globale Finanzsystem einfließt,...

Nexo – a regulated digital asset firm that manages more than $4 billion in assets – has launched its new Nexo Exchange application.Nexo Services Are Now Available Through Mobile DevicesNow, people can access the company’s many services through their Android or iOS phones and trade as many as 75 separate digital trading pairs between cryptocurrencies and fiat. The company guarantees the best prices on all trading pairs through its “smart routing” system to ensure customers always get the most...