Metromile Inc., a Nasdaq-listed digital insurer announced on Thursday that it will be making Bitcoin a core part of its business operations. Consequently, the firm plans to spend $10 million in buying Bitcoin and will soon begin to accept BTC payments for insurance premiums. In December last year, investment banking
After months of waiting for the U.S. Securities and Exchange Commission to approve its Bitcoin ETF application, VanEck has turned to the EU market. The investment company has launched its first exchange-traded fund in Europe. The new product offers exposure to companies that work with blockchain and crypto. The
Following a ruling by the United States District Court for the Northern District of California, the Internal Revenue Service (IRS) can now obtain the identities of taxpayers who use the popular crypto exchange Kraken. The government agency is looking to track down U.S. taxpayers who conducted at least $20,
The era when American banks abhor Bitcoin and other cryptocurrencies may be finally coming to an end. U.S. financial institutions are keen to get in on the crypto action and may soon allow customers to purchase Bitcoin directly from their bank accounts. New York Digital Investment Group (NYDIG) has
Clever DeFi (CLVA) token saw quite a bit of volatility throughout April, going up and down quite severely. However, in doing so, the token started forming a pattern of an ascending triangle, which allowed experts to predict its future behavior. According to everything that was seen up to this point,
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The ongoing growth of decentralized finance and Non-Fungible tokes has given way to numerous competing services. Keeping tabs on the different services and platforms can be a challenging task. Data aggregators, such as TheForce, can offer a helping hand in this regard. NFTs And DeFi Gain Momentum Whereas both decentralized
Argentinians are turning to Bitcoin in the face of inflation and economic decline. According to the head of Binance in Latin America, Maximiliano Hinz, the number of active crypto trading accounts has surged by 1000% since last year in Argentina. Bitcoin and other cryptocurrencies are beginning to enjoy increasing patronage
According to a Mastercard survey published on May 4, about 77% of millennials are interested in learning more about cryptocurrencies, while another 67% are more open to using digital assets than they were a year ago. The survey titled ‘Consumer Appetite for Digital Payments Takes Off’ polled over 15,500
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A new bill seeking to ban cryptocurrency mining for three years in New York has been proposed by Democrat senator Kevin S. Parker. Parker, who is the Chairman of Committee on Energy and Telecommunications, and fellow Democrat senator Rachel May, the Chair of Committee on Aging, Chair of Legislative Commission
After several so-called “mini victories” from the Ripple side, the firm’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) has hit a roadblock that may turn the tide of events. Recall that in April, Judge Sarah Netburn granted Ripple’s motion compelling the SEC to
Sotheby, one of the world's largest brokers of fine and decorative art, jewelry, real estate, and collectibles, has announced that it will be accepting Bitcoin and Ethereum as payment options in its upcoming Banksy art sale. According to a press release for the art brokerage, the “Love is
According to a report by CoinShares, Ethereum investment products have continued to see an increase in weekly inflows. Over the past week, institutional investment managers purchased about $30.3 million worth of Ethereum. This brings their total holding to a whopping $13.9 billion. The report from CoinShares suggests that
Dogecoin has continued to prove that it is more than just a joke coin. After blasting through 50 cents on Tuesday, the meme coin has continued its bullish rally. Dogecoin has continued to set new highs to the surprise of many critics. The cryptocurrency has now claimed the 4thspot by
A few days ago, WisdomTree Investments launched a physically-backed Ethereum ETP on two European stock exchanges. The New York-based fund manager earlier launched an exchange-traded product (ETP) linked to the performance of Bitcoin. The new product, which launched on Germany’s Börse Xetra and the SIX Stock Exchange is the
Ethereum bulls have managed to Ethereum to a new high above $3,500. On Tuesday, the second-largest cryptocurrency by market cap continued its bullish run, eventually setting a new all-time high. Although as of press time, the digital asset was exchanging hands at around $3,370, it reached a 24-hour
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The Ethiopian government will be using Cardano blockchain to track the performance of students. According to Cardano’s parent company IOHK, the country’s government will be utilizing Cardano’s platform to streamline the country’s educational systems management. The partnership targets about five million secondary school teachers and 700,