Crypto investment products recorded another week of outflows as investors moved out $19.5 million funds this week. This also makes it the fourth consecutive week of outflows from digital asset investment products. The money has continued to move out of these funds despite the recent price recovery in the crypto market. A total of The post Crypto investment products see 4th consecutive...
The Security and Exchange Commission in the US has maintained that it would work towards greater investor protection plans in the coming days. Gary Gensler during an interview with Bloomberg revealed that his deep interest in the subject won't come in the way of necessary regulatory oversight. Gensler was expected to have a crypto-friendly approach The post SEC Chief says he is intrigued...
Bitcoin price rally fizzled out slightly above $42,000 amid concerns of crypto tax in the US. Dogecoin price risks another dive to $0.16 following the ongoing consolidation. Cryptocurrencies are grappling with increased overhead pressure, making it difficult for bulls to sustain the winning streak recorded in the past couple of weeks. Initially, Bitcoin pulled the The post Bitcoin, Dogecoin Price Analysis: August 3,...
After rising all the way to...
Today, Voyager Digital Ltd., the publicly traded cryptocurrency platform in the United States, has announced the acquisition of Denmark-based crypto payment platform Coinify in an $85 Million agreement. As part of the deal, Coinify shareholders will be provided 5,100,000 newly allocated shares of Voyager common stock and $15 million in cash. Today marks a huge The post Just-In: Voyager Digital Acquires Leading Crypto-Payment...
An NFT project founder lost 16 CryptoPunks and some ETH in a phishing attack last night The total value of stolen assets is estimated to be over $1 Million Experts warn people to stay safe from fraudulent websites and projects A sudden increase in popularity has shot up the average price of CryptoPunks NFT by 53% The post NFT Game Founder Loses $1...
Voyager Digital Ltd., one of the fastest-growing crypto brokerage firms has acquired Denmark-based crypto payment app Coinify to extend its services into the digital payment sector. The growing demand for crypto payments and the success of existing companies in the space has pushed Voyager to enter the payment market and Coinify could help the $1.9 The post Bitcoin Brokerage Firm Voyager to Enter...
Skybridge Capital, a global multi-asset investment firm that has filed for Bitcoin and Ether Exchange Traded Funds (ETF), has partnered with Moss Earth to offset its carbon footprint generated from its Bitcoin holdings. The firm bought carbon credits to offset approximately 38,436 tons of carbon. The investment firm joins the growing league of crypto platforms The post Skybridge Capital becomes latest firm to...
The implementation of new regulatory policies for crypto exchanges in South Korea continues to haunt small and medium-sized crypto exchanges. As per a recent report from Korea Herald, a total of eleven mid-sized crypto exchanges may shut their operations amid growing regulatory scrutiny. The local report indicated that the country's top regulatory watchdog Financial Services The post 11 Mid-Size South Korean Crypto Exchanges...
PayPal (NASDAQ: PYPL) intends to expands its crypto-related services within United Kingdom The company is set to recruit fresh talent for it's crypto and blockchain dedicated division in Ireland Observing the growing adoption of digital assets, market giant PayPal is set to expand its digital asset related services for consumers across the globe. According to The post PayPal Declares Crypto-Service Expansion In United...
Square Inc., the Bitcoin payment app led by Jack Dorsey released its quarterly financial reports for shareholders on August 1st, reporting $4.68 Billion in total revenue in the second quarter of 2021. Square's revenue grew 143% year- on-year (YoY). The firm mentioned it has seen a "significant growth in Bitcoin revenue," estimated to be worth$2.72 Billion, The post Square's Q2 Bitcoin Revenue Grows 3X...
Bitcoin network's mining hashrate has started to recover, seeing a continuous flow of over 110 THs over the past month. The network hashrate took a massive hit in May and June when the Chinese crypto crackdown was at its peak. However, now that miners from China have started to mine again outside the country, the The post Bitcoin (BTC) Miner's Revenue See a...
The latest report in the market is that the world's largest oil-producing companies are mulling to join the Bitcoin mining market. On Sunday, August 1, TrustNodes first reported that oil-producing companies are working out a way to use the gas byproduct in Bitcoin mining activities. Thus, productively using the gas will also help in reducing The post Are World's Largest Oil Producing Companies...
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