Traders pile into altcoins after Bitcoin bulls take hold of $50K
LINA, SCRT and PRE each rallied by 20% and Bitcoin’s attempt to flip $50,000 to support could extend the current rally seen across the altcoin market.Continue Reading
America’s fifth-largest bank launches crypto custody service — Report
U.S. Bank is now providing custody services for Bitcoin, Bitcoin Cash and Litecoin, according to a company executive. U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, potentially setting the stage for wider mainstream acceptance ofContinue Reading
MetaMask pushes institutional offering with BitGo integration
The rise of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether and decentralized finance. Decentralized finance (DeFi) wallet and browser extension MetaMask has partnered with three crypto-focused custodians as part of a broader effort to attract more institutional capital to the digital asset market. On Tuesday,Continue Reading
Arab Bank has chosen Tezos to facilitate institutional custody service
The Switzerland firm is an independent sister company of Arab Bank. Arab Bank Switzerland announced Tuesday that it will integrate staking, trading and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations and high net-worth individuals. The 50-yearContinue Reading
THORSwap closes investment round as cross-chain DEXs take center stage
Decentralized finance is approaching $200 billion in total value locked, with DEXs accounting for a significant share of the market. Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to backContinue Reading
What Does China’s Crypto Ban Mean for the Rest of the World?
China declared all transactions related to cryptocurrency and virtual currency illegal last month, causing widespread commotion in the crypto industry. On September 24, the People’s Bank of China and the National Development and Reform Commission published two documents. One of those documents banned cryptocurrency mining, a trend that has beenContinue Reading
Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’
Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’sContinue Reading
Bitcoin Will Become Currency in Brazil Soon, According to Federal Deputy Aureo Ribeiro
Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15,Continue Reading
Blockchain Game Launchpad Partners With Enjin for Accelerated Ecosystem Development
PRESS RELEASE. SINGAPORE — EnjinStarter, a launchpad for blockchain games, has announced a strategic partnership with Enjin to accelerate growth of the Enjin ecosystem. EnjinStarter helps games and apps leverage Enjin’s non-fungible token (NFT) technology and infrastructure, specifically the gas-free JumpNet blockchain and Efinity, an upcoming Polkadot-based NFT parachain. EnjinStarterContinue Reading
Tanzania Central Bank Heeding Call to Prepare for Crypto, Economists Express Reservations
While the Bank of Tanzania (BOT) executives continue to reiterate the central bank’s willingness to heed the government’s call to prepare for cryptocurrencies, some economists insist Tanzania lacks the resources needed for it to adopt such digital currencies. Economists: Tanzania an Unsuitable Candidate In their views, published by the CitizenContinue Reading
$50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level
Bears betting on a fresh Bitcoin price capitulation may get definitively burned this time, argues Rekt Capital. Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay. In a tweet on Oct. 5, popular trader and analyst RektContinue Reading
Sentenced ‘Bitcoin czar’ named among Pandora Papers
The ICIJ’s report suggests the “Bitcoin czar” may have been a member of the Carbanak hacking group. The International Consortium of Investigative Journalists (ICIJ) has identified a major crypto criminal among those exposed to have funneled funds into shadowy tax havens by its Pandora Papers. According to an Oct. 3Continue Reading
CoinMarketCap to integrate crypto price data into Presearch
Presearch is a default search engine on all new and factory-reset Android devices sold in the U.K. and Europe. Crypto data provider CoinMarketCap continues expanding its reach by integrating its crypto price data into Presearch, a major decentralized search engine. CoinMarketCap has partnered with Presearch to provide its data feedsContinue Reading
Likes out: Facebook blackout sparks ideas for Web 3.0
Crypto advocates remind socially accountable and helpful media platforms are possible with decentralization. Facebook’s conglomerate of social applications, including Instagram, WhatsApp, Messenger, and its virtual reality headset Oculus, all suffered a major power outage on Monday, switching the platforms offline for a total of six hours to the effect ofContinue Reading