1. Investment bank JP Morgan says institutions are buying Bitcoin. The banking giant suggests that institutional investor interest in decentralized assets is rising. 2. IRS says crypto investors aren't paying enough taxes. The US tax authority is once again warning taxpayers they need to pay all the crypto
Australia-based West Coast Aquaculture (WCA) is set to become the first firm in the nation that accepts cryptocurrency as part of a capital raise. This news came from the latest accomplishment of a A$5 million (US$3.65 million) initial public offering. The fintech firm STAX just announced on
PayPal has started the shift to make Bitcoin and crypto a more versatile payment option for the global marketplce. The CEO of PayPal Dan Schulman announced that consumers can begin to buy, sell, and store Bitcoin as well as other cryptocurrencies in 2021. The services will also enable customers to
The smart contract needed to activate Ethereum 2.0's first phase has reached the funding level needed to implement the most revolutionary upgrade of Ethereum’s blockchain ever. This upgrade will mark a radical shift in Ethereum's economic model, resources and regulation. To support the upgrade,
Proof-of-Stake blockchain project Avalanche is taking a closer step to its launch of a new product called “Avalanche-Ethereum bridge,” a port to transfer Ethereum tokens to the Avalanche blockchain and vice versa. According to a recent blog post from Avalanche, the product is “in the final phase of testing.” Avalanche&
1. Pickle Finance loses nearly half its value after successful hack. DeFi Protocol Pickle Finance has lost almost half its value in the fluid situation following a hack. 2. BlockApps partners with Bayer to launch new Ethereum-based network. The pharma giant is looking to enter the public blockchain space. 3.
The CEO of Kava, Brian Kerr, recently discussed the ups and downs of the DeFi sector in a conservation with CryptoPotato, and also revealed Kava’s upcoming plans for international growth. According to the CEO, the option of providing stablecoins in cash markets such as Compound, in comparison with Bitcoin,
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Chainalysis CEO and co-founder Michael Gronager just confirmed that the firm is set to become blockchain’s next unicorn this week as it raises $100 million in venture capital, putting the company at a $1 billion valuation. Chainalysis has served more than 350 customers, both government and private. The organization
A report published by Pantera Capital alleges that the Bitcoin rally has been under the control of PayPal and Square, with the giants buying every single mined Bitcoin, triggering shortages in the markets. PayPal is making it extremely easy to embrace concurrency. The firm put its ideas into the markets
Leading blockchain solutions provider BlockApps recently announced its launch of a blockchain-powered network called "TraceHarvest"in partnership with German pharmaceutical giant Bayer. Bayer will take up the development role for the network. The business has proven experience with its subsidiary Bayer Crop Science, contributing to the network'
Do you want to know why Bitcoin is going up? There are a few reasons why Bitcoin keeps rising in price, and why it will probably continue to appreciate when measured in fiat currency. While many people use the USD or EUR to measure the value of things, we can
People who are watching the Bitcoin rally may be wondering why Bitcoin is so expensive. The idea of value is extremely relative. Many people may think that because Bitcoin is a new asset, and it was only trading at $1,000 in early 2017, the fact that it is now
Why Bitcoin has value could be a challenging idea to some. Most people just assume that money has value, as they have never experienced a fiat currency implosion, like what has happened in Turkey, Argentina, and Venezuela. Any money has value because people are willing to accept it in exchange
It is easy to wonder why Bitcoin will succeed. The simple fact is that people like it, and it was the first mover in an area that has become extremely popular. While Bitcoin isn't perfect, it has all the right functions to make an impact on the global
The road to a complete adoption of Bitcoin getting shorter, but many people still think that Bitcoin isn't going to last. These market watchers have pointed out reasons why Bitcoin is going down. There is no reason to take this seriously, especially with major investors buying Bitcoin. Media
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Every single asset has tail risks and Bitcoin is no exception. So it’s true that there are valid arguments for why Bitcoin is a bad investment, despite its proven risk-adjusted return profile. There are many investors who see Bitcoin as valuable, and digital money as a hedge against currency