Online brokerage app Robinhood revealed its intention to support cryptocurrency deposits and withdrawals on Wednesday. Many crypto enthusiasts criticized the move, calling it a gimmick to regain credibility in crypto communities. Robinhood in a series of tweets noted that it “fully intends” to provide the extra functionality. Although customers on
The Kava team has revealed that it will integrate the Inter-Blockchain Communication (IBC) protocol of Cosmos blockchain in its next major software upgrade. The move would allow Kava to enjoy faster code execution and higher throughputs through Cosmos’s Stargate upgrade. IBC was released by Cosmos blockchain today. The protocol
Since its debut on Feb. 7, the demand for CME’s Ether futures remained almost constant during the first week. The Ether futures trading completed its full week on Feb. 12. However, it nearly sustained the volume of its opening day for the first week. An average of 371 contracts
Another fan of Bitcoin has decided to make their love affair public. Investment advisory firm, The Motley Fool, is the latest organization to add Bitcoin to its portfolio. The company announced on Wednesday that it had invested $5 million through its 10X real-money portfolio into Bitcoin. Whilst making the announcement,
A Dubai government department, Kiklabb, has opened its arms to cryptocurrency payments. According to Khaleej Times, the government-owned Foreign Direct Investment (FDI) liaison now accepts Bitcoin as a payment option for visa fees and trade licenses. Kiklabb revealed that entrepreneurs will be able to register for Dubai trade licenses remotely
On February 16, Bitcoin briefly broke the psychological $50,000 barrier before tracing to around $48,500. Twenty-four hours later and Bitcoin bulls have pushed the digital asset to a new all-time high above $52,000. At about 7:33 pm UTC, the world’s largest cryptocurrency surged past $52,
On February 16, Russia’s State Duma Committee introduced a draft law to tax cryptocurrencies. According to the bill, which proposes an amendment to the Tax Code of the country, digital currencies are to be treated as property. Russian regulators asserted that digital assets are used for money laundering, tax
Barely 24 hours after announcing its intention to raise $600 million to purchase more Bitcoin, MicroStrategy has increased its stake by 50%. The Nasdaq-listed business intelligence giant is now offering a $900 million aggregate principal amount of convertible senior notes due 2027. BTC PEERS earlier reported that MicroStrategy was offering
The world’s largest asset manager, BlackRock, has finally decided to dabble into Bitcoin. Confirming the latest development, BlackRock’s managing director Rick Rieder told CNBC’s Squawk Box that his firm was looking into Bitcoin. Although Rieder refused to name the target allocation BlackRock has, he said: We'
Renowned cryptocurrency wallet provider Blockchain.com has raised $120 million in a strategic funding round to scale the firm’s growing institutional markets. The latest cash injection attracted several leading macro investors, including Moore Strategic Ventures, Rovida Advisors, Access Ventures, Lightspeed Venture Partners, Lakestar, and Google Ventures, just to mention
Opinions
Data is the new oil, and corporations want to control it. Distributed ledger technologies (DLT), comprising community-led blockchain and blockless solutions, can patch the privacy hole baked into the fabric of the internet. The Metadata Weakness The objective of privacy-focused blockchain firms is to unleash a robust solution that addresses
Tesla CEO Elon Musk has lent his voice to a claim suggesting that Robinhood is the biggest Dogecoin holder. Responding to a tweet that named Robinhood’s control of Dogecoin as “the only thing preventing [the digital asset] from being acceptably diluted,” Musk opined that the commission-free trading app may
Stone Ridge’s NYDIG has become the latest firm to file for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The U.S. financial watchdog has consistently turned down bitcoin ETF applications. With no clear-cut regulation on what service providers need to do, to date, no
New insights on Ripple’s battle with the U.S. Securities and Exchange Commission suggest that both parties are not interested in a pretrial settlement. For one, the leadership of the U.S. financial watchdog was changed in Biden’s administration. A section of a joint discovery letter filed on
The president of the Federal Reserve Bank of St. Louis, James Bullard, has named Bitcoin “a rival to gold” and not the U.S. dollar. Speaking to CNBC’s Squawk Box on Tuesday, Bullard rejected the idea that Bitcoin was competing with the U.S. dollar or any other fiat
News
Bitcoin has set a new all-time high at over $50,000. The world’s largest cryptocurrency by market cap broke the $50k psychological barrier on Tuesday, eventually reaching a high of $50,600. Shortly after hitting $50k, Bitcoin retraced to the $48k region. As of press time, the digital asset