Blog Archive

31 December 2020 By Evan Fitzgerald

Binance launches bilateral Bitcoin European options

Crypto exchange Binance has announced the launch of “European-style” Bitcoin options contracts on its trading platform. Crypto exchange giant Binance is set to expand its cryptocurrency trading catalog with the launch of a European-style Bitcoin (BTC) options contract. ... Read more

29 December 2020 By Lilly Harvey

WEF tests tracking carbon emissions with blockchain technology

A new proof-of-concept shows how blockchain increases value across the supply chain. The World Economic Forum is progressing with its blockchain-based project tracking of greenhouse gas emissions. ... Read more

27 December 2020 By Evan Fitzgerald

Riot Blockchain buys 15K Bitmain Antminers, expects 65% hash rate increase

Nasdaq-listed crypto firm Riot Blockchain purchases additional 15,000 Antminers from Bitmain for $35 million. Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute a 65% increase to its total Bitcoin (BTC) mining hash rate. ... Read more

25 December 2020 By Dominic Robinson

UK investment manager shifts allocation to Bitcoin from gold in ‘defensive move’

The institutional flood into BTC continues. A United Kingdom-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift toward digital assets. Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. ... Read more

23 December 2020 By Dominic Robinson

SEC set to sue Ripple with XRP in the crosshairs

Despite the company's protestations, it appears the SEC is the latest in a long line of plaintiffs. Ripple will be sued by the United States Security and Exchange Commission for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune. ... Read more

21 December 2020 By Evan Fitzgerald

Shock survey suggests most investors think Bitcoin won’t top $50K by 2030

A survey from Genesis Mining has found that most Bitcoin investors aren't expecting a $50,000 BTC price in 2030 — although 3.5% of respondents tipped prices exceeding $500,000. British Virgin Islands-based institutional mining platform, Genesis Mining, has published the findings from a survey of 1,000 current and former U.S.-based Bitcoin investors — two-thirds of whom believe BTC is a better long-term store of value than the dollar. ... Read more

19 December 2020 By Lilly Harvey

Former JPMorgan exec joins Ripple's board

CEO Brad Garlinghouse said O’Connor’s experience would help Ripple build “a more inclusive financial system.” Sandie O’Connor, the former chief regulatory affairs officer at banking giant JPMorgan Chase, is joining Ripple’s board of directors. ... Read more

17 December 2020 By Dominic Robinson

Binance Visa cards are now shipping to European customers

Ether payments are now available on the Binance Visa card, which is now shipping to customers in the EEA region. Binance, the world’s largest cryptocurrency exchange, has started shipping its physical Binance Visa cards in the European Economic Area. ... Read more

15 December 2020 By Dominic Robinson

'Bitcoin never gets hacked' — crypto players respond to US Treasury breach

"Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury," quipped Blockfolio. Crypto players were quick to respond to the news that hackers breached the U.S. Treasury Department. ... Read more

13 December 2020 By Lilly Harvey

Crypto funds see near-record inflows as capital floods out of gold

Crypto funds have posted near-record inflows during recent weeks as the gold investment products shed liquidity. A new report from market data aggregator CoinShares has revealed recent surging crypto inflows amid record gold outflows. ... Read more

11 December 2020 By Evan Fitzgerald

LayerX will develop blockchain-based voting system using digital ID verification in Japan

“Voting over the Internet presents more challenges, such as preventing double voting, technical hurdles to keep ballots secret, and the cost of voting devices." Japanese firm Layer X will be partnering with a digital identity application called xID to build a blockchain-based voting system in the Japanese city of Kaga. ... Read more

9 December 2020 By Lilly Harvey

Here's why Bitcoin is like 'Lebron James,' according to MicroStrategy CEO

MicroStrategy CEO Michael Saylor draws a comparison between Bitcoin and NBA star Lebron James. In an interview with economist Marc Friedrich, MicroStrategy CEO Michael Saylor said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin (BTC) that were relevant four years ago are no longer applicable. ... Read more

7 December 2020 By Dominic Robinson

This Bitcoin mining company’s stock is in free fall following Q3 loss

The third quarter was tough for mining rig manufacturers as the impact of COVID-19 continued to weigh heavily on the space. The stock of one of China’s "Big Three" mining firms is in free fall Monday after reporting another quarterly loss, underscoring the operating challenges imposed by COVID-19. ... Read more

5 December 2020 By Lilly Harvey

Ripple CTO says community could force the company to burn 48 billion XRP

Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed. Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. ... Read more

3 December 2020 By Lilly Harvey

Japanese financial giant SBI debuts Bitcoin lending service

SBI plans to add support for Ether and XRP lending in the near future. Japanese financial giant SBI Group is introducing a cryptocurrency lending service through its crypto-related subsidiary, SBI VC Trade. ... Read more

1 December 2020 By Dominic Robinson

Decentralized insurance protocol Cover holds vote to cover Pickle hack

If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000. In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want to see a payout happen. ... Read more