Blog Archive

15 April 2021 By Lilly Harvey

Exodus Wallet raises almost $60M in crypto in regulated offering

Exodus’ claimed record share sale is set to be shattered by Coinbase later today. Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. ... Read more

13 April 2021 By Lilly Harvey

Ripple wins access to SEC discussions on defining crypto assets as securities

Ripple Labs has been granted access to the United States Securities and Exchange Commission’s documents “expressing the agency’s interpretation or views” on the subject of crypto assets. According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large part,” determining that SEC minutes or memos concerning crypto are likely discoverable. ... Read more

11 April 2021 By Dominic Robinson

Fei Protocol genesis locks up $1 billion in ETH, but LPs could face losses

Despite attracting more than $1 billion, Fei protocol’s genesis event hasn’t been entirely smooth sailing — with LPs facing losses if they withdraw soon. The launch of Ethereum-backed stablecoin called Fei has locked up almost a billion dollars’ worth of ETH during its genesis event. But the launch hasn't gone entirely as planned for some of its liquidity providers. ... Read more

10 April 2021 By Evan Fitzgerald

Tether’s stablecoin set to land on Polkadot and Kusama

The launch of parachain shards on Polkadot will also mean the release of Tether on the network. Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network. ... Read more

7 April 2021 By Dominic Robinson

Shopify CEO muses integrating e-commerce giant into DeFi ecosystem

Shopify's CEO seems to have caught the crypto bug, and it could be a boon for adoption. Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate his company with the decentralized finance (DeFi) ecosystem. ... Read more

2 April 2021 By Lilly Harvey

Riot Blockchain stock plunges with Bitcoin as market correction deepens

RIOT stock was down by as much as 14.4% on Thursday. Shares of Riot Blockchain (RIOT) and other cryptocurrency miners sold off sharply on Thursday, as Bitcoin’s (BTC) gravitational pull on the market continued to broaden. ... Read more

31 March 2021 By Lilly Harvey

Ripple acquires stake in cross-border payments firm

Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo to further expand its ODL service in Southeast Asia. Ripple continues its push into the Asian market by acquiring a stake in a cross-border payments firm. ... Read more

29 March 2021 By Dominic Robinson

Argo Blockchain to launch clean energy Bitcoin mining pool

Hydroelectric energy will power a new Bitcoin mining pool following Argo's partnership with DMG Blockchain. Publicly-traded cryptocurrency mining firm Argo Blockchain will launch a Bitcoin (BTC) mining pool powered solely by clean energy, the company announced on March 26. ... Read more

27 March 2021 By Evan Fitzgerald

Tether market cap surpasses $40B, growing 10x over 12 months

The market’s leading stablecoin, USDT, reached another major milestone as crypto demand continues to grow. Tether (USDT), the world’s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year. ... Read more

25 March 2021 By Evan Fitzgerald

U.S. miner Blockcap plans to have 40,000 ASICs operational by Q4

Despite launching in December, Blockcap plans to possess an operational hashrate of 3.5 EH/s by 2022. Blockcap, one of the largest Bitcoin mining firms in North America, has added more than 12,000 additional Bitmain Antminer S19s to its inventory. ... Read more

23 March 2021 By Dominic Robinson

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Crypto continues to enter mainstream usage. Google Finance users can now get a quick rundown of the top cryptocurrency prices with just one click. Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets ... Read more

21 March 2021 By Lilly Harvey

Over 6,000 XRP holders volunteer as third party defendants in SEC lawsuit

XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now they want to enter the fray as third-party defendants. XRP coin holders have attempted to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s lawsuit against Ripple Labs. ... Read more

19 March 2021 By Lilly Harvey

Bitcoin mine heat-recycling firm MintGreen closes seed round led by CoinShares

Coinshares is teaming up with MintGreen to recycle heat waste from Bitcoin mining. Sustainable crypto mining firm MintGreen has completed its seed investment round, with top digital asset manager CoinShares leading the round. ... Read more

17 March 2021 By Dominic Robinson

Ripple ends YouTube lawsuit over XRP giveaway scams, says CEO

Ripple and its CEO Brad Garlinghouse had alleged that YouTube profited monetarily from fraudulent XRP giveaways. Ripple has ended its lawsuit against YouTube for the social media platform’s alleged complicity in a spate of fake XRP giveaway scams, CEO Brad Garlinghouse announced on March 9. ... Read more

15 March 2021 By Evan Fitzgerald

What DeFi needs to do next to keep institutional players interested

In order for DeFi to have access to institutional actors, it will need to adapt. But by adapting, it might lose some of its core tenets. The last few months’ frenzy of institutional money flowing into Bitcoin (BTC) has seen crypto hitting the headlines — at the least as a novelty asset, at the most as a must-have. There is undoubtedly a trend in the market toward greater awareness and acceptance of digital assets as a new investable asset class. ... Read more

13 March 2021 By Evan Fitzgerald

China’s Inner Mongolia to shut down crypto mining farms by April

Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals. Authorities of the Chinese autonomous region of Inner Mongolia have proposed closing down all local cryptocurrency mining facilities to reduce energy consumption in the region. ... Read more