Cryptocurrency

Indian securities market regulator, the Securities and Exchange Board of India (SEBI), issued a notice on Thursday warning the regulated investment advisors to refrain from dealing with unregulated assets. Though the market watchdog only mentioned digital gold in the notice, many are anticipating it to be a warning against booming cryptocurrency investments in the country. …

Indian Regulator Bans Advisors from Dealing with Unregulated Assets Read More »

Bitcoin (BTC) has been retracing from its all-time highs after crossing the $66,000 threshold on Wednesday, but today, it plunged to the $8,200 level on Binance.US, a cryptocurrency exchange, after a flash-crash witnessed in a matter of seconds. However, it’s not clear if it was a market manipulation or a system glitch from the exchange. …

Bitcoin Flash Crashed to $8,200 on Binance.US Crypto Exchange Read More »

After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum …

Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High Read More »

The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, …

As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7% Read More »

Ripple, one of the world’s leading blockchain firms, recently announced that Al Ansari Exchange, a UAE-based foreign exchange and global money transfer company, has joined RippleNet, Ripple’s global cloud-based financial network technology. In an official announcement, Ripple mentioned that Al Ansari Exchange will connect with leading money transfer technology company MoneyMatch to provide same-day remittances …

Al Ansari Exchange Collaborates with Ripple Read More »

The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit. Bitcoin Records New All-Time …

Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit Read More »

On Wednesday, just before bitcoin surpassed the digital asset’s all-time high (ATH), the crypto analyst known as “Techdev” says the “2-week chart looks strong and ready for much higher highs.” Just 26 days ago, Techdev said that “$200-300K bitcoin looks almost too programmed” and this week, the analyst noted that we are “nowhere near a …

Analyst That Said $200-300K Bitcoin ‘Looks Programmed’ Still Says BTC Price ‘Nowhere Near a Top’ Read More »

Komainu, a digital asset custody services provider, announced on Wednesday that it has entered into a Memorandum of Understanding (MOU) with Crypto Garage and Nomura, an investment bank giant, to explore providing crypto custody services to institutional customers in the Japanese market. According to the press release shared with Finance Magnates, the custody services provider …

Komainu to Explore Japanese Institutional Crypto Custody Solutions Read More »

The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund (BITO) …

Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume Read More »

Cryptocurrency exchange Coinbase has partnered with the National Basketball Association (NBA). The Nasdaq-listed crypto company is now the exclusive cryptocurrency platform partner of the NBA, Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League, and USA Basketball. NBA’s First Cryptocurrency Platform Partnership The Nasdaq-listed cryptocurrency exchange Coinbase and the National Basketball Association (NBA) …

Coinbase Becomes Exclusive Cryptocurrency Platform for NBA, WNBA, USA Basketball Read More »

Coinbase, a US-listed cryptocurrency exchange, has been tapped by social network giant Facebook to pilot its new crypto wallet Novi. According to a blog post published on the exchange’s website, the pilot is being supported via Coinbase Custody. Among its features include securing funds through Coinbase’s own segregated cold storage capabilities for managing private keys. …

Facebook Chooses Coinbase to Pilot Its Crypto Wallet Novi Read More »

Blockasset, a non-fungible token (NFT) platform specific to sports, has partnered with well-known digital artist Dosbrak for the launch of an upcoming collection of NFTs, Finance Magnates has learned. The new NFTs collection will be called Legends Collection and the platform has also partnered with five athletes from five different sports: football, boxing, rugby, athletics, …

Exclusive: Blockasset Taps Well-Known Artist Dosbrak for NFTs Collection Read More »

The price of bitcoin recently jumped above the $60,000 per unit mark on October 15, and the leading crypto asset has not seen prices this high since mid-April six months ago. However, as far as the top digital assets are concerned, in terms of market capitalization, things are a whole lot different. For instance, ether …

Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K Read More »

Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its …

Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF Read More »

Large Bitcoin (BTC) addresses have jumped significantly since the start of September 2021. According to the latest data published by Santiment, BTC addresses holding between 100 and 1,000 coins have increased by approximately 2% in the last 5 weeks. 254 more Bitcoin millionaire accounts now exist compared to the start of September 2021. One of …

Bitcoin Whale Addresses Are Rising Sharply Read More »

U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s swarm of fact-checkers have said that some lawmakers are mischaracterizing the proposal. Biden Administration’s …

The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal Read More »