Tag Archives: United States

To say that the last week was interesting in the cryptocurrency market would be a massive understatement. Bitcoin almost reached $50K, Ethereum shot past $1800, BNB peaked at around $150 – these are just some of the highlights.Starting off, a few days ago, Bitcoin received perhaps what might be considered as its major endorsement in the recent years – Tesla revealed a bitcoin buy worth $1.5 billion in January. That’s right – one of the world’s largest public companies allocated around 15% of...

PayPal will probably avert from investing its cash into Bitcoin. Despite the recently expanding interest from institutions in digital assets, the US payment giant will not get into the crypto whirlpool, said the firm’s Chief Financial Officer.Admitting Cryptocurrency’s Values but Still Won’t InvestAlthough it sees enormous opportunity in the development of digital wallets, PayPal will most likely not allocate portions of its cash into Bitcoin or other cryptocurrencies. According to a recent...

With more institutional investors indicating interest in cryptocurrencies in recent times, Bank of New York (BNY) Mellon has announced that it would be offering crypto-related services later this year.Bank of New York To Hold BitcoinThe New York oldest bank stated in The Wall Street Journal today that it will hold, issue, and transfer Bitcoin (BTC) and other cryptocurrencies on behalf of its institutional clients. According to the report, the bank will not handle its crypto offerings any...

The possibilities of central banks holding bitcoin in the future are “out of the question,” asserted the President of ECB Christine Lagarde.At the same time, US Secretary Janet Yellen warned about the growing risks of digital assets used in illegal activities but believes that they could have a vital role ultimately.Lagarde Skeptical On BTC Adoption From Central BanksWith bitcoin’s rise to the mainstream stage after several large corporations and institutional investors bought some for their...

It’s been quite an interesting couple of weeks in the cryptocurrency market. Somewhat surprisingly (or not), the meme coin DOGE has seen more retail interest than Bitcoin in the US, propelled by a series of events ranging from Elon Musk tweeting about it regularly and the craze surrounding Wall Street Bets.Dogecoin Searches Top Bitcoin’s in the USDogecoin, believe it or not, is currently the 12th largest cryptocurrency in the world by means of total market capitalization. Sitting on a...

Months after Russian survey participants placed bitcoin above gold in terms of attractive investment assets, so have done investors from the United States. BitFlyer’s recent research on the people’s perception of the crypto industry also showed that Japan-based investors have a significantly more negative opinion when compared to US citizens.Americans Prefer BTC Instead Of Gold and ETFsFounded in 2014, bitFlyer is among the largest Japan-based cryptocurrency exchanges. The privately-owned...

San Francisco-based crypto payments platform Metal Pay has applied for a national bank charter with the U.S. national bank regulator, which would enable the company to offer seamless cryptocurrency-related services.Metal Pay Eyes Full National Bank LicenseIn a tweet thread published on Thursday (Feb. 4, 2021), Metal Pay’s First Blockchain Bank and Trust (FBB&T) revealed that it intends to become a full national crypto bank following its application with the Office of the Comptroller for...

This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day.Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days, dipping below $33,000 on a few occasions. However, it was on Tuesday when the price started going up, reaching a weekly high at just shy of $39,000 before settling to where it’s currently...

Shortly after reports emerged that bitcoin bull Chamath Palihapitiya will be running for Governor of the state of California, the Social Capital CEO refuted the claims. However, he doubled-down on his criticism against the current Governor Gavin Newsom in a recent podcast appearance.Palihapitiya Will Not Run For Cali GovCryptoPotato reported last week that Chamath Palihapitiya, the founder, and CEO of the venture capital company Social Capital, had decided to run for California Governor. He...

An Australian man, founder of two multi-million crypto funds in New York, pleaded guilty on a crypto scam charge. The Ponzi scheme used a trading algorithm, taking advantage of price differences for Bitcoin and other cryptocurrencies.Draining almost $90M From InvestorsAccording to a recent report, Stefan He Qin organized the fraud that stole about $90 million from clients through his hedge funds – Virgil Sigma Fund LP (“Virgil Sigma”) and the VQR Multistrategy Fund LP (“VQR”). The two...