Tag Archives: social

The Norwegian Minister of Climate and Environment – Sveinung Rotevatn – revealed he owns Bitcoin. According to him, the digital asset is a ”well-suited store of value.” The minister of one of the most renewable energy-focused governments also spoke about the relation between BTC and the environmental challenges. Bitcoin is Exciting Many experts and officials commented on the crypto bull run and especially Bitcoin’s notable performance in the past months. The Minister of...

The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based on the proof of stake algorithm or any of its varieties. As such, they receive the right to vote and participate in the governance of the network and get rewards in new...

Mercado Libre – the leading fintech and e-commerce company in Argentina – has joined other large corporations in holding BTC on its balance sheet. The institution revealed it purchased $7.8M worth of the cryptocurrency. Another Company to Buy BTC Purchasing the primary cryptocurrency and adding it to their balance sheets seems like a growing trend for many of the world’s largest companies lately. As revealed earlier this year, the electric vehicle giant Tesla, the payment...

The latest developments around the popular blockchain project founded by Charles Hoskinson have pushed the native digital asset to new highs. ADA has skyrocketed by more than 800% since the start of the year, and its latest ATH came at $1.7 earlier today. Released in 2015 by the former Ethereum co-founder Charles Hoskinson, Cardano is an open-source, public blockchain platform. Following years of development, the project started to pick up speed in 2021 with numerous notable...

Bitcoin investors have withdrawn considerable quantities of their holdings from crypto exchanges, suggests on-chain data provided by CryptoQuant. The firm believes there’s a potential price uptick in the making as sell pressure has declined. BTC Investors Withdraw Their Tokens As with every tradeable asset, bitcoin’s price is formulated based on supply and demand. In bitcoin’s world, the amount of available supply on exchanges could impact the asset’s value as investors...

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A...

The cryptocurrency space continues to expand beyond its borders as Grayscale has partnered with the professional American football team, the New York Giants. As a result, the largest crypto asset manager will become the “Presenting Sponsor” of the NFL team’s charity foundation. The four-time NFL champions announced the collaboration with Grayscale earlier today in a press release. It reads that the latter has become the Official Digital Currency Asset Management Partner of...

Galaxy Digital Holdings, the cryptocurrency-focused financial services company ran by Michael Novogratz, has agreed to purchase the digital asset custodian BitGo. Both parties commented that the acquisition aims to enhance institutional investors’ crypto experience. Founded in 2013, BitGo is a digital asset trust and security company headquartered in California. In the following eight years, the firm reported it was responsible for 20% of all global BTC transactions, and it...

April turned out to be a record-breaking month for several cryptocurrencies, but also for the world’s leading digital asset exchange – Binance. The company reported its highest futures trading volume ever of more than $2 trillion. Binance Futures Trading Volume Over $2T The Malta-based crypto exchange giant published its April results yesterday, highlighting the record-breaking numbers in terms of trading volume for its futures platform. The statement said Binance Futures...

People’s Bank of China and Alibaba Group’s affiliate Ant Group have joined forces to create a platform supporting the central bank digital currency. According to Global Times, PBoC has been working together with Ant and Tencent for the last three years on developing the e-CNY. A Move Towards e-CNY VOA News announced on May 3rd that the Chinese central bank and Alibaba’s associate Ant Group have signed a deal on developing a digital yuan with mutual efforts. The move will be...