Crypto EcoBlog
Around one-third of UK-based investors believe they have missed their chances to get on the bitcoin bandwagon on time, so they would prefer to stay out of the market entirely, showed a recent survey. Nevertheless, they believe that the first-ever cryptocurrency hasn’t halted its bull run and will continue north to $70,000 or even $140,000 this year.UK Investors Regret not Buying BTC?The research compiled by the UK think tank Parliament Street and the independent polling company Censuswide...
Read More »The Person Who Took The World’s Most Expensive NFT From Justin Sun’s Hands Owns an NFT Fund
Justin Sun was on the verge of scoring a $69 million ad stunt and was literally seconds away from being the winner of an auction for the world’s most expensive NFT token… But things didn’t turn out the way he expected.The sale of EVERYDAYDAYS: THE FIRST 5000 DAYS at Christie’s auction house made history as the company’s first auction of an electronic product, the world’s most expensive NFT token, and the third most expensive piece ever sold by a living artist.Everydays: The First 5000 Days by...
Read More »Another Purchase: MicroStrategy $15 Million Worth of Bitcoin
Michael Saylor’s business intelligence giant has kept its promise to allocate additional funds in the primary cryptocurrency. MicroStrategy announced on Friday that it had added another chunk of 262 bitcoins to its sizeable stack of over 91,000 tokens. The company’s founder and CEO, Michael Saylor, took it to Twitter on Friday to inform of the firm’s latest BTC acquisition. After a few consecutive weeks of purchasing chunks worth $10 million each, this time MicroStrategy upped its game and...
Read More »SEC Requests Personal Financial Information on Ripple Executives, They Object
More developments on the Ripple vs. the SEC legal front as the Commission has requested personal financial information of the company’s CEO, Brad Garlinghouse, and co-founder Christian Larsen.Simultaneously, the Japanese financial giant SBI Group has doubled-down on its support for Ripple by offering to pay its shareholders dividends in XRP.The SEC Seeks Personal Info on Ripple ExecsThe impending case between the US Securities and Exchange Commission and the blockchain payment processor...
Read More »CZ Binance: CFTC’s Probe into Binance US is FUD
The world’s leading crypto exchange, Binance, is purportedly being investigated by the US Commodity Futures Trading Commission for allowing residents to trade derivatives without the necessary registration. Although Binance CEO CZ called the development “FUD,” the crypto market reacted with a sudden price drop. Citing people familiar with the matter, Bloomberg reported the CFTC had begun an investigation aiming to determine if Binance has violated any US rules. More specifically, the...
Read More »REEF Finance Receives $20 Million Investment from Alameda Research
Alameda Research, founded back in 2017, is one of the leading research and trading firms in the cryptocurrency industry. The company has announced a $20 million investment in the cross-chain DeFi operating system Reef Finance.Alameda Research has invested $20 million in the popular DeFi cross-chain operating system REEF Finance.According to a press release shared with CryptoPotato, the company has made the investment by buying REEF tokens, and in doing so, it has become a significant...
Read More »Google Searches for NFTs 300% More Than DeFi Queries
Alongside DeFi, NFTs remain at the frontline of the cryptosphere, causing a widespread hysteria that can only be compared to the ICO boom in 2017. For most of the time, however, NFTs have trailed DeFi in terms of interest, but that has now changed. They have hit stratospheric points of late, and search engine results conform to this.NFTs Continue To Whet AppetitesAn unfolding love affair between art, real estate, collectible enthusiasts, and the metaverse birthed one of the biggest factions...
Read More »China’s Social Media App Weibo Reportedly Bans the Accounts of Binance, OKEx, and Huobi
While some Chinese companies have purchased BTC and ETH, others, such as the social media giant Weibo, have reportedly halted the accounts of three of the largest crypto exchanges – Binance, Huobi, and OKEx. Weibo has justified its decision by outlining “abnormal practices” and breaching security risks.Weibo Targets Crypto ExchangesIt may not come as a surprise that a Chinese-based company has a somewhat hostile approach towards the cryptocurrency industry, keeping in mind the country’s...
Read More »Bakkt Becomes the 29th Crypto Company to Receive BitLicense Approval by NYDFS
The New York State Department of Financial Services (NYDFS) has announced that Bakkt Marketplace has become the 29th cryptocurrency company to receive BitLicense since 2015. This approval comes amid the firm’s endeavors to be publicly listed and to launch the long-anticipated Bakkt App. The NYDFS started granting such licenses to digital asset businesses in 2015, with the first one being Paxos. Earlier today, the organization announced the latest company to receive the coveted BitLicense –...
Read More »Following Jack Dorsey, Nexo Donates $150K to Open-Source Bitcoin Develompent NGO
Nexo, a financial service provider for digital assets, has announced a $150k donation to Brink, a non-profit dedicated to encouraging, nurturing, and supporting the open-source Bitcoin development community.This follows the contribution of Jack Dorsey, who recently granted 1 BTC to the organization as well.Nexo Donates $150K to BrinkAs Bitcoin continues to experience upward growth, prominent industry leaders and stakeholders are focusing on promoting open-source cryptocurrency development to...
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