Tag: companies

Apr 12 2021

Robinhood Adds 9.5 Million New Crypto Users As Mainstream Adoption Continues

As cryptocurrencies continue to surge to new highs and bask in the media’s limelight, Robinhood reported major growth in the number of users trading crypto on their platform. According to...

Apr 10 2021

Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion -- singlehandedly topping all...

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s...

Apr 09 2021

Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations

Bitcoin mining firm Riot Blockchain announced its milestone purchase...

Apr 08 2021

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next?

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the fund’s...

Apr 05 2021

MicroStrategy Acquires An Additional $15 Million in Bitcoin

Microstrategy announced today that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing...

Is Grayscale Bitcoin Trust’s Demise Inevitable? GBTC Premium Negative for a Consecutive Month

Since February, Grayscale Bitcoin Trust (GBTC) has continued to trade at a negative premium. The Bitcoin fund, available to institutional investors on the traditional stock market, has traded below the price of Bitcoin since February 22, 2021 -- a telling sign that its demand was drying up....

Apr 04 2021

VC Money Continues to Flow into Crypto: Firms Received More Funding Last Quarter than Entirety of 2020

Without a doubt, the mainstream resurgence of cryptos have spurred on new movements within the industry, ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs). These red-hot sub-industries within the broader crypto scene have resulted in hundreds if not thousands of new startups -- and venture capitalists are pouring money into them like never before....

Coinbase to Direct List on the Nasdaq on April 14th

After months of wait and uncertainty, cryptocurrency exchange Coinbase finally received the greenlight from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq Composite. Since filing for an IPO last December, the crypto giant has decided to make its trading debut on the stock exchange through a direct listing on April 14th. Regulatory Scrutiny?...

Apr 02 2021

NFT Sales Volume Plummets From Recent Highs: Is the Hype Over?

Only weeks ago, it seemed impossible for the digital art market to cool off. Throughout February, the non-fungible token (NFT) craze was in full spotlight, with the mania reaching its peak with the record setting $69 million Beeple auction. At its height, even Tesla’s CEO Elon Musk tweeted about selling his NFT. But as the novelty began to wear off and speculators moved...

Mar 31 2021

Breaking Down Coinbase’s Ex-SEC Hire as Crypto Regulations Mount

Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory...

Mar 30 2021

Bitcoin Has Won Over Institutional Investors: Could Governments Be Next?

When Bitcoin surged to an all-time high of $17,000 in late 2017, the cryptocurrency headlined media outlets and financial journals -- but not for the right reasons. Analysts and major institutional figureheads bashed...

Mar 29 2021

Visa to Accept Cryptocurrencies for Payment Settlements

According to Reuters, Visa announced today that it will begin accepting cryptocurrency USD Coin (USDC) to settle transactions on its payment network. The move by the fintech giant coincides with the growing institutional acceptance...

Ark Invest CEO on Bitcoin: “1 Trillion is Nothing” Compared to Future Growth

Back in 2018, Ark Invest CEO Cathie Wood infamously predicted that Tesla shares would reach $4,000 in a matter of a few years. Investors and critics ostracized her high-conviction bet, as at the time, Tesla was facing a major liquidity crunch and on the brink of bankruptcy. It seemed like an impossible task for the automaker to appreciate by 1,200% when it could...

Mar 28 2021

What “Green Bitcoin” May Mean for the Crypto Mining Industry

Breaking Down What “Green Bitcoin” May Mean for the Crypto Industry London- based cryptocurrency firm Argo Blockchain recently...

Mar 26 2021

DragonFly Capital Launches $225 Million Crypto Fund

Crypto fund DragonFly Capital announced the launch of a new $225 million fund to invest in projects across the crypto space. Following the success of the original $100 million fund kickstarted in late 2018, the Dragonfly Fund II will target four potential areas: decentralized finance (DeFi) protocols, non- fungible token projects, Ethereum Layer 2-based businesses, and centralized...

Mar 25 2021

GrayScale Bitcoin Trust (GBTC) Premium Sinks To All-Time Lows

Mar 25 2021 Published at Bitcoinist.com under tags  bitcoin companies news

Since trading at a negative for nearly 2 months, GrayScale Bitcoin Trust (GBTC) premium plummeted to -14.21% this morning. Historically, GBTC has traded at a high premium relative to the underlying Bitcoin, commanding an average of 15.02% premium since the fund’s inception. But as competition grows and firms create cheaper, more accurate financial products, GBTC’s appeal has dropped dramatically -- and its premium...

Breaking Down What South Korea’s Crypto Crackdown Means for the Industry

With a blistering start to the year, cryptos have enjoyed the highs of what seemed like a never-ending bull run. Bitcoin, Ethereum, and other altcoins made headlines every day, surging far past their previous highs as institutions rushed to get their hands on the red-hot asset class. But now, as significant regulatory challenges set in for cryptocurrencies, its future seems more uncertain than...

Mar 03 2021

Evolve Fund Files for Ethereum ETF after Bitcoin Approval in Canada

Just weeks after opening a Bitcoin (BTC) exchange-traded fund, Evolve Fund has opted to file for a similar ETF product based on Ethereum (ETH). With $1.7 billion assets...

Mar 02 2021

Huobi Futures Makes its Partnership Program More Profitable with Transaction Fee Rebate Boost

Mar 02 2021 Published at Bitcoinist.com under tags  companies

Huobi Futures has seen significant demand over the last year with its annual trading volume ranks first globally. Open interest and trading volume have been soaring, and new user registrations are increasing by the day. To share the runaway success with the cryptocurrency community and to contribute towards growth across the ecosystem, Huobi Futures has made its “Invite Friends” partnership program even more...

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