Tag Archives: News

Global cryptocurrency platform Eco has gotten its fingers on some serious cash following a heavy funding round that garnered the company roughly $26 million. The event was led by a16z Crypto. Eco Is Making a Lot of Moolah The company was founded three years ago in 2018. It’s main claim to fame is a crypto product it initially developed for around-the-world purchases of everyday items. However, Eco has made it clear in the past that it is not a banking or financial...

John McAfee – a long-time bitcoin advocate and the man behind arguably the most prominent and recognized form of antivirus software in the world – is once again facing charges from the U.S. government. McAfee Is in Hot Water Again McAfee was initially arrested last October. He is now being charged with conspiracy to commit “commodities and securities fraud,” along with several other forms of fraud relating to new digital currencies he was either developing or had already...

Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations. Neptune and Link Are Hooking Up to Mine Crypto As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for...

Institutional adoption of bitcoin is increasing tenfold, and exchanges are playing a crucial part in garnering these institutions the digital assets they’re so desperate for. Changpeng Zhao – the CEO of Binance, arguably the largest and most popular crypto trading platform in the world – has stated that he’s seeing huge bursts of institutional interest in his company, and that large buys are becoming much more common. Binance Is Seeing Its Clientele Grow Binance came...

A team of analysts with the firm D.A. Davidson suggests that the new Coinbase public listing is going to be an “Amazon” moment for the world of crypto. Coinbase Is Going to Set a “Crypto Precedent” For the most part, the Coinbase listing is a big deal for the digital asset space. The industry has longed for mainstream status and legitimacy for quite some time, but the fact remains that the space has been wrought with fraud and crime, and the volatility of most mainstream...

Who says that bitcoin and the stock market aren’t correlated? Following bitcoin’s meteoric rise beyond the $50,000 line a few days ago, it looks like several crypto-based stocks are potentially following in the asset’s footsteps and are now trading at new highs for the year. Crypto Stocks Have Been Firing on All Cylinders Bitcoin has been on a serious roll as of late. In fact, it can be said that the currency has been on a bullish run for almost a year now, having shot...

Uh oh. It looks like many of the people who invest in bitcoin know little or nothing about it. What does that say about the industry? Bitcoin Investors Don’t Always Seem to Know What They’re Doing Bitcoin is shaping up to be one of the biggest and most popular assets in history. The currency is reaching unprecedented levels, and recently shot beyond the $50,000 mark for the umpteenth time, though it has since incurred a small dip that has brought it back down into the...

Kraken CEO Jesse Powell is taking a page out of Jack Dorsey’s book and claiming that bitcoin will some day be a global currency. Jesse Powell: BTC Will Beat All Fiat Back in 2018, the CEO of both social media giant Twitter and payments company Square claimed that bitcoin would be a global currency. Rather, he stated that it would be the world’s only currency within ten years, and that it would replace all known forms of fiat. While bitcoin hasn’t quite reached this level...

Bitcoin cash price is struggling to clear the $550 resistance zone against the US Dollar. The price is now trading below $500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $525 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down towards the $450 and $415 support levels. Bitcoin cash price is showing bearish signs below $500 against the US Dollar, similar...

Canada’s first bitcoin exchange-traded fund (ETF) was released to the public not too long ago. The idea of a bitcoin-based ETF had been in the back of investors’ minds for some time, and now that the product has been unveiled, it looks like many fantasies are becoming real, but is it possible that the product has already worn out its welcome? The First Bitcoin ETF Is Already Seeing Trading Dips According to new data, trading in the bitcoin-based ETF has already taken a...