Tag Archives: social

Despite classifying bitcoin as the best performing asset in 2020, Wells Fargo said in a recent report that the industry is still predominated by speculation rather than traditional investing. The large US multinational financial services company compared BTC with the gold rush in the 1850s.Bitcoin Shows Similarities With The 1850’s Gold RushThe San Francisco-headquartered giant explored the performances of different financial assets through this “wild and crazy year” in its latest report.The...

A year after PayPal suspended transactions for the leading adult website Pornhub, MasterCard, and Visa have followed the example in the midst of child abuse allegations.With cryptocurrencies remaining one of the few available options for payments, the question stands if such association is indeed positive for the industry.Visa and MasterCard Block Use Of Cards On PornhubThe popular adult website has attracted lots of negative attention to itself in the past few years. The situation worsened...

A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform.DBS Digital Assets Officially AnnouncedCryptoPotato reported in late October that DBS Bank has successfully trialed its trading venue enabling institutional investors to access...

As the DeFi space continues to grow, ConsenSys has now announced a new offering from the leading wallet provider MetaMask. It will enable cryptocurrency funds, professional traders, and custodians with institutional-grade controls and applications for decentralized finance.The blockchain technology solutions provider ConsenSys has announced today a new offering oriented toward the growing space of decentralized finance (DeFi).In a press release shared with CryptoPotato, the company reiterated...

The US Department of Justice announced that the founder of the Oyster Pearl cryptocurrency project, Amir Bruno Elmaani, has been charged with operating a tax evasion scheme for millions of dollars and was arrested. The 28-year old Elmaani is charged with two counts of tax evasion, each carrying up to five years in prison.Oyster Pearl Founder Charged And ArrestedThe protocol, launched several years ago, was advertised as a digital data-storage platform employing the IOTA blockchain to store...

Massive amounts of Ripple’s XRP have been transferred to various exchanges, including $400 million sent to Bithumb in three separate transactions. One possible explanation for this could be the fact that there’s the SPARK (FLR) airdrop coming in two days, causing investors to capitalize on the opportunity and receive 1:1 FLR tokens on their XRP holdings. XRP Sent Around in Massive Chunks Over the Past 24 HoursData from the well-known whale-tracking transaction resource Whale Alert shows a...

XRP holders are eligible for the upcoming SPARK token airdrop. The community is getting excited about the event as the date draws near. Only users who hold XRP are eligible for the airdrop, and they will receive FLR based on XRP they have. Below is everything you need to know about it and the exchanges that have announced support for it.What Is An Airdrop? An airdrop means distributing a cryptocurrency or token as rewards or gifts to users or wallet addresses. Crypto projects use airdrops as...

Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’?The US Dollar Has Been The Global Reserve Currency For 100 Years NowRuchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his latest opinion piece on Financial Times. He talked about the ‘reserve currency’ history starting right from the 1400s.And delineated how in the...

The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia.Launching a Cryptocurrency Custody Business for Institutional InvestorsAccording to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial services company and one of the oldest and largest banking institutions in the United...

Hedge fund manager and founder of Bridgewater Associates, Ray Dalio, seems to have softened his position on bitcoin. He went from dismissing BTC as a currency and store of value through a “what am I missing stage,” and most recently admitted that the cryptocurrency could be an alternative to gold.Ray Dalio’s Bitcoin TransformationThe prominent investor and philanthropist has never displayed favoritism regarding bitcoin. Just the opposite, he has questioned BTC’s role as a store of value or as...