Category: Crypto Currency

Cross-chain asset bridge and application hub ChainSwap has closed a $3 million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry. In an April 7 announcement, ChainSwap stated that it raised the funds in order to accelerate its vision of creating a multi-chain and multi-asset application… Continue reading ChainSwap raises $3M from investors including Alameda Research and NGC Ventures

A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000. The market-wide sell-off led to $1.4 billion in liquidations and some analysts suggested that this could be the final sweep out of overleveraged long traders before Bitcoin can make a run higher to the $70,000 level. … Continue reading Bitcoin bulls return after BTC bounces at a key support level

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best interests of Nigerians.” Crypto Not Money Immediately following the announcement of the… Continue reading Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is 'in the Best Interests of Nigerians' – Emerging Markets Bitcoin News

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 high management fees and stringent lock-up periods lost favor with many investors. Since February,… Continue reading Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next? Bitcoinist

Decentralized exchange Kyber has launched a Dynamic Market Maker, or DMM, in what it claims is a world first. The new platform, which was announced on April 5, has been designed to optimize fees and enable extremely high capital efficiency for liquidity providers. One of the major differences between Kyber’s new platform and regular Automated… Continue reading Kyber Network introduces Uber-style surge pricing for DeFi token swaps

Though many Texans are still suffering in the aftermath of a winter storm that left millions without power and running water for days, it’s unlikely that the crypto mining farms in the state played much of a role during the crisis. Speaking to Cointelegraph, Kristy-Leigh Minehan, a mining consultant and chief technology officer of NEM… Continue reading Bitcoin mining likely didn't contribute to Texas' power outages, says expert

Financial services outfit Square just announced it has picked up more Bitcoin.  Square “has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million,” the company said in a public statement on Tuesday, adding: “Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square’s total cash,… Continue reading Square doubles down on Bitcoin, investing another $170M

PRESS RELEASE. February 23, 2021 – OpenSea, the largest marketplace for blockchain-enabled non-fungible tokens (NFTs), is in the process of building support for Flow, a blockchain built for mainstream consumer scale originally created by Dapper Labs, the company behind CryptoKitties and NBA Top Shot, which has recently reached over $150 million in sales volume, becoming… Continue reading Flow NFTs Are Coming to OpenSea – Press release Bitcoin News

A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer. This is “a new role in which she will lead efforts to identify, research, enable and advocate for new technologies,” the Fed explained. The Fed’s New Chief Innovation Officer Is Pro-Bitcoin The Federal Reserve Bank… Continue reading Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer – Regulation Bitcoin News

Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise.  Crypto data provider Glassnode reported Tuesday that the Purpose ETF has reached $564 million in assets under management, an impressive feat considering… Continue reading North America’s first Bitcoin ETF sees explosive debut with $564M in assets