Tag Archives: BTCGBP

The popular multi-asset DeFi platform powered by Kava Labs has optimized its network with the release of the Kava 5.1 upgrade. The company cited enhanced earnings from lending and decreased risks as the main benefits from the update. Kava 5.1 Arrives The software protocol enabling its users to utilize multiple crypto assets to borrow and lend funds without the need for a third-party intermediary announced its latest developments in a press release shared with CryptoPotato....

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...

A year after the release of XAUt – a commodity-backed token pegged to gold – Bitfinex has announced the launch of a perpetual contract for the trading pair Tether Gold/Bitcoin. The new product will be settled in BTC and will offer up to 100x leverage for users. XAUt/Bitcoin Perpetual Contract on Bitfinex Launched in 2012, Bitfinex is among the oldest cryptocurrency trading venues owned and operated by iFinex Financial Technologies Limited. Back in 2019, the Hong Kong-based...

America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval. According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund accounting, fund administration, and transfer agency services. Traditional Institutions Jumping on the...

A few months after questioning bitcoin’s store of value status, Tom Jessop, the head of Fidelity Digital Assets, stated that BTC and the entire industry are at a “tipping point” in terms of maturation and global adoption. He breached the COVID-19 pandemic and the “ultralow” interest rates as the most significant reasons behind crypto’s rise. Tipping Point for Bitcoin Adoption Fidelity Investments has been among the most receptive institutions when it comes down to the...

Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer. The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in the target by more than 90%). Riot Blockchain Exceeding its EH/s Expectations. Bitmain will be delivering 2000 S19j Antiminers...

Shortly after the oldest US-based bank entered the cryptocurrency space, so has done the second-oldest – State Street Corporation. The banking giant with $3 trillion in assets under management will allow the London-based Puremarkets to use its Currenex platform for digital asset trading.  Launched by Puremarkets Ltd., Pure Digital is advertised as an “interbank marketplace for cryptocurrency price discovery and exchange of wholesale risk.”   According to an announcement from...

Jason William Siesser, a Missouri man, tried to buy a hazardous chemical weapon on the dark web paying for it with bitcoin. He told the potential seller that he intended to use it soon, thus killing up to 300 people. Another Purchase on the Dark Web via Bitcoin A recent example of using the primary cryptocurrency as a payment option comes from Missouri, where a man tried to buy a deadly chemical weapon on the dark web. According to federal authorities, 46-year old Jason...

A week prior to its direct listing on NASDAQ, Coinbase has posted preliminary Q1 data indicating a massive increase in its userbase and revenue. The trading volume has increased by nearly 300%, the revenue is about $1.8 billion, and more than 11% of all crypto assets are stored on the platform. Coinbase’s Record-Breaking Q1 The largest US-based cryptocurrency exchange published its Q1 results yesterday, showing a substantial growth in every area compared to previous...

Bitcoin fell by a sharp 4% so far today as it dropped as low as $55,600. The cryptocurrency had started the month with another attempt to breach the $60,000 benchmark level. Unfortunately, it was unable to overcome this resistance through the week as it set a range between $60,000 and $57,000. Today’s price drop caused bitcoin to break beneath this range as mentioned above. As of writing these lines, and as seen on the following 4-hour chart, it is currently holding the...