Tag: btcusd

Aug 03 2021

Polkadot (DOT), Dogecoin (DOGE) dump 5% as crypto markets correct

Aug 03 2021 Published at CryptoSlate under tags  analysis btcusd ethusd trading

The crypto market saw a minor sell-off this morning on the back of regulatory developments out of America, with some large-cap cryptocurrencies dropping as much as 5%. Leading the red charts were high-speed blockchain protocol Polkadot and meme coin Dogecoin—both fell -5% as of Tuesday morning but...

Crypto investment products see 4th consecutive week of outflows, are investors taking profit?

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...

SEC Chief says he is intrigued by crypto, but can’t overlook investor protection

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, Dogecoin Price Analysis: August 3, 2021

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,...

El Salvador’s Bitcoin bill has 5 key benefits, says Bank of America

Aug 03 2021 Published at CryptoSlate under tags  btcusd regulation

US financial services player Bank of America, one of the world’s largest banks, has come out in support of El Salvador’s Bitcoin bill in a note to clients last week. It comes even as the country...

Marathon Splashes $120 Million On Bitcoin Miners From Bitmain

Aug 03 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt

In a press release, Marathon Digital Holdings confirmed an agreement to buy 30,000 Bitcoin miners, at a total cost of almost $121 million, from Chinese manufacturer Bitmain. ".. entered into a contract with Bitmain to purchase an...

Aug 02 2021

Cash App Bitcoin Revenue Rose 200% In Q2 As Demand Grows

Aug 02 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd cash app square

Square’s Cash App has reported that the platform saw a 200% increase in Bitcoin revenue. This comes despite Square suffering a $45 million impairment from its Bitcoin investment. Yearly revenue reports saw Cash App’s revenue go from $875 million to $2.72 billion. While bitcoin gross profit went from $17 million to $55 million in the same time period. The increase was mainly due...

Just-In: Voyager Digital Acquires Leading Crypto-Payment Platform Coinify

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...

NFT Game Founder Loses $1 Million To Scammers, Here’s How

Aug 02 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

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...

Bitcoin Brokerage Firm Voyager to Enter Digital Payment Market With $85M Acquisition

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 becomes latest firm to buy carbon credits for its Bitcoin holdings

Aug 02 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

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...

11 Mid-Size South Korean Crypto Exchanges Face Closure Amid Fear of Legal Action

Aug 02 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

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 Declares Crypto-Service Expansion In United Kingdom

Aug 02 2021 Published at Coingape under tags  bitcoin bitcoin news blockchain btcbrl btcbusd

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...

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