Tag Archives: social

Following another drop to $52,500, bitcoin reacted positively and regained $2,000 of value in the following hours. However, the asset continues to be outperformed by most alternative coins, and its dominance is down to 48%. Ethereum reached yet another ATH yesterday, while BNB spiked well above $600. ETH’s Latest ATH; XRP Surged 15% Most alternative coins have been on a roll lately, with Ethereum leading the pack. After dipping below $2,000 a few weeks back, the...

An anonymous buyer purchased a signed football card of Tom Brady for about $1.68M worth of LTC at an auction presented by Goldin Auctions. The company revealed that this is the most expensive item to be paid in cryptocurrency since it started accepting such payments. LTC in Exchange for a Football Card Cryptocurrencies have intertwined with American football as Goldin Auctions revealed a massive purchase at their auction with one of the most popular digital assets. The...

During Visa’s Q2 2021 earnings call, the company showed interest in fully integrating a cryptocurrency payment system into its current infrastructure, with several interesting elements that would push the boundaries of the bridge between legacy finance and the crypto world as we know it. Most notably, Visa’s CEO Alfred Kelly stated that the company viewed Bitcoin and other crypto assets as ‘digital gold.’ Visa’s Growing Interest in the Cryptocurrency Space This has been a...

Despite Ethereum’s increasing price, the Canadian TV personality and well-known investor Kevin O’Leary predicted ”it’s always going to be N.2” to Bitcoin. Mr. Wanderful also opined that the first-ever cryptocurrency will serve as gold, while ETH will be silver. Ethereum’s Rally vs. O’Leary’s Forecast The second-largest cryptocurrency has been blooming recently. Its price reached an ATH today and traded at around $2,800. Relative to bitcoin, ETH has significantly increased its...

Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm.   During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity he runs and the blockchain-based payment processor – Ripple.  As previously reported, Ripple has legal troubles in the US as the...

The United States Securities and Exchange Commission (SEC) that had put the VanEck Bitcoin ETF proposal up for discussion in March has made a filing confirming that the decision will be delayed for a 45 day period. The Implications of a Bitcoin ETF As of now, the Grayscale Bitcoin Trust holds a virtual monopoly when it comes to institutional money that is invested indirectly into cryptocurrencies. Grayscale’s trust is used by institutions for various regulatory reasons...

Polygon, an easy-to-use platform for Ethereum scaling and infrastructure development, has recently launched a $100 million fund intended to improve the accessibility of the decentralized finance (DeFi) space to more users. According to a press release shared with CryptoPotato, the fund, known as “#DeFiforAll,” is geared toward effectively introducing millions of users to the various decentralized products and platforms available. Polygon’s Fund to Support DeFi for 3 Years The...

$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter today to explain the exploit which targeted its v2.1 token migration event. More specifically, Uranium argued that the hackers...

Cardano’s native cryptocurrency – ADA – will be available for direct purchases from credit or debit cards, Apple Pay, or even bank transfers. This becomes possible following a partnership between the popular blockchain project and Simplex – a solution facilitating fiat on/off ramps to the cryptocurrency ecosystem. Cardano Partners With Simplex Founded in 2014, Simplex is an Israeli-based provider of fiat to crypto infrastructure. Last year, the EU-licensed company reached a...

The ongoing crypto bull market has positively impacted various companies and services connected to the industry. Just six months after topping one million monthly active users, the popular Ethereum wallet MetaMask has reached another milestone at five million. MetaMasks Tops 5M Monthly Users CryptoPotato reported back in October 2020 when MetaMask – the cryptocurrency wallet software supporting Ethereum-based digital assets – reached one million monthly active users. A lot...