San Lee

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Stats Has written 103 posts about cryptocurrency

Oct 16 2021

Why Steam Banned Crypto Transactions and NFT Games from Its Platform

Earlier today, video game developer Valve banned all NFTs and cryptocurrency related games from its Steam platform. Steam is one of the world’s largest video game platforms, featuring a catalogue of thousands of games alongside 25 million daily concurrent players. Steam Removes All Crypto...

Sep 07 2021

BBVA Switzerland Launches Crypto Wallet and Investment Offerings for Retail Investors

Sep 07 2021 Published at under tags  bank bbva bitcoin companies crypto

Earlier this week, multinational banking giant Banco Bilbao Vizcaya Argentaria (BBVA) launched its latest digital investment account, featuring an integrated cryptocurrency wallet. The move to add a digital crypto wallet is an extension of the custody and trading services the bank began experimenting with earlier in June. To access the so-called “New Gen” account service,...

Sep 05 2021

JPMorgan: Crypto Markets, Fueled by Retail Buying Frenzy, are Once Again in a Bubble

Earlier this week, investment bank JPMorgan released investor notes suggesting that the cryptocurrency markets have become bloated again, with market conditions appearing more bubble-like than anticipated. “Cryptocurrency markets [are] looking frothy again,” the investment note read....

Sep 04 2021

Move Over Dogecoin: Solana Overtakes the Memecoin Amid NFT Craze

Driven by the recent NFT and DeFi craze, Solana’s SOL set its all-time high earlier today. According to CoinMarketCap, the cryptocurrency is up 12.62% and 70.86% in the past 24 hours and the past week, respectively....

Sep 02 2021

Crypto Exchange OKEx Launches Own Marketplace Following Second NFT Boom

Without a doubt, August was one of the most consequential months for the non- fungible token (NFT) space. NFT prices and trading volume were bleeding out as Ethereum (ETH) continued to pull back from all-time highs throughout the summer. However, with the resurgence in the crypto markets, the very concept...

Sep 01 2021

DeFi Protocol Parallel Finance Raises $22 Million in Series A Funding

Sep 01 2021 Published at under tags  altcoin news altcoins defi dot eth

Earlier on Monday, Parallel Finance announced that it had raised $22 million in a Series A funding round. The investing round for the Polkadot-based DeFi protocol was led by Polychain Capital, alongside Alameda Research, Blockchain Capital, Blockchain ventures, Slow ventures, Lightspeed venture Partners, and CMT Digital, among others....

Aug 21 2021

No More Ethereum ETFs? Proshares, VanEck Withdraw Ether ETF Proposals

Merely two days ago, fund managers VanEck and ProShares filed with the U.S. Securities and Exchange Commission (SEC) to bring Ethereum exchange-traded funds (ETFs) to the U.S. markets. However, the two firms broke news on Friday that they have both chosen to withdraw their active applications. Similar to the dozens of Bitcoin ETFs awaiting approval, the proposed ETFs would have been...

Aug 20 2021

Binance Clamps Down on Customer Verification As Regulatory Pressures Mount

Aug 20 2021 Published at under tags  binance bitcoin btc btcusd companies

In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically,...

Coinbase Set to Add Over $500M in Cryptocurrencies to Balance Sheet

Earlier on Thursday, cryptocurrency exchange Coinbase announced that it would purchase more than $500 million in various cryptocurrencies to add to its balance sheet. Coinbase CEO Brian Armstrong first broke the news via Twitter, stating that the exchange had received approval to purchase upwards of half a billion dollars in digital assets. On Wednesday, the...

Jul 05 2021

Grayscale Investments Adds Cardano to Flagship Digital Large Cap Fund

Jul 05 2021 Published at under tags  ada altcoins bitcoin cardano companies

Earlier this week, cryptocurrency asset manager Grayscale Investments announced that it had added Cardano (ADA) to its digital large cap fund (GDLC) -- marking the crypto project as the fund’s third largest component. Cardano is a...

Jun 20 2021

Grayscale Looks to Bolster Offerings with 13 More Cryptos, Including Polygon, Solana, ICP

Jun 20 2021 Published at under tags  bitcoin companies news

Cryptocurrency asset manager Grayscale Investments announced earlier yesterday that it would consider venturing into new crypto investment products, including ones that...

US Congress Creates New Crypto Working Group to Tackle Blockchain Regulation, CBDCs, and More

Jun 20 2021 Published at under tags  blockchain cbdc china congress crypto

Earlier this week, Congresswoman Maxine Waters announced that Congress had formed a new working group that would focus on cryptocurrency and fintech policy. Called the Blockchain Caucus or Fintech Task Force, the House Democrat group will feature 12 members of the House Financial Services Committee. I applaud Chairwoman...

Jun 16 2021

Crypto Asset Manager Bitwise Raises $70 Million in Latest Funding Round

Earlier this week, Bitwise announced that it had gained the financial backing of a new list of investors -- including KKR founder Henry Kravis and billionaire hedge fund manager Stan Druckenmiller. The round, which raised $70 million at a valuation just north of $500 million, featured investors including Electric Capital, Moore Strategic Ventures, Vetamer Capital, and Third...

Microstrategy Files to Sell Up to $1 Billion of Its Shares to Buy Bitcoin

Since Microstrategy’s $500 million sale in debt offerings, the publicly traded software company has taken further steps to fuel its Bitcoin hoarding. In an announcement earlier this Tuesday, Microstrategy indicated through an SEC filing that it had planned to sell up to $1 billion of its shares. The specifics of the offering were all detailed in the firm’s...

Jun 15 2021

Elon Musk Confirms Tesla Is Not Selling All of Its Bitcoin, Hints at Potentially Resuming Transactions

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote....

Jun 13 2021

Brazil’s Central Bank Delays CBDC Timeline to 2024

Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country would likely be prepared and ready...

Jun 12 2021

Crypto Bank Silvergate Cuts Ties with Binance, Discontinuing USD Deposits and Withdrawals

Silvergate Bank, a major financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance. Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via...

Jun 06 2021

El Salvador Set to Accept Bitcoin as Legal Tender

El Salvador is set to become the first nation to accept Bitcoin as legal tender. In an announcement at the Bitcoin 2021 conference earlier today, El Saldavor’s President Nayib Bukele said that the bill to legitimize the major cryptocurrency as legal tender was well under way. “Next week I will send to congress a bill that will make Bitcoin a legal tender,” he...

Jun 01 2021

DBS Bank Issues Digital Bonds in First Security Token Offering

In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public...

Ray Dalio: China’s Digital Yuan Will Overshadow the Digital Dollar

Jun 01 2021 Published at under tags  bitcoin cbdc china crypto cryptocurrencies

According to billionaire investor Ray Dalio, China’s digital Yuan will outpace the United States’ efforts to create a central-bank digital currency. In an interview with CNBC, The Bridgewater...

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