Learn How Trade Crypto
Bitcoin falls as Biden’s plan to raise capital gains tax hurts risk appetite. Bitcoin slipped on Friday as reports of U.S. President Joe Biden mulling a tax hike on wealthy Americans drew stronger selling pressure in the spot market. The biggest cryptocurrency traded well below the 100-day simple moving average support of $49,470 during the […]
CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April – a perfect score. “Six weeks in and Binance’s acquisition of CoinMarketCap [is] already being abused to manipulate the rankings,” tweeted an irate Mati Greenspan at the time. Well, the price site […]
The services will be offered by BitGo Prime, a new entity that will be headed by Nick Carmi, BitGo’s head of financial services. Carmi joined the firm last year after stints at various banks and other financial institutions. BitGo Prime has already launched crypto lending services, and plans to expand these as well as build liquidity on its […]
According to the company behind it, stablecoin USDT is not fully backed by fiat currency deposits. It was revealed today that the controversial crypto asset firm Tether only holds around 74 percent of the total value of USDT’s current circulating supply. Tether and the crypto exchange Bitfinex are currently defending allegations from the New York Attorney General’s office that […]
In what appears to be a first-of-its-kind transaction, two developers working in separate countries have successfully sent a bitcoin lightning payment over radio waves. Organized over Twitter this past weekend, the transaction was sent by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKite, to developer and Bloomberg columnist Elaine Ou. The completed payment effectively moved real bitcoin from […]
A long-awaited capital infusion for Overstock and its tZERO security token platform has been delayed again – and significantly downsized. GSR Capital, a Hong Kong-based private equity firm, was supposed to close the $404 million investment on Feb. 28. But on Friday, Overstock said the deal had not closed, and the parties are now in talks for a much smaller […]
Facebook is talking to exchanges about potentially listing a cryptocurrency. That’s the main finding from a New York Times story published Thursday on several efforts to introduce native cryptocurrencies to widely used messaging platforms. The Times reports that Signal and Telegram are also planning to roll out tokens over the next 12 months. Citing “four people briefed […]
Voyager, a cryptocurrency brokerage startup founded by veterans of Uber and E*Trade, is going public on Canada’s TSX Venture Exchange through a reverse merger valued at $60 million. A reverse merger occurs when a privately held company acquires the majority of shares in a publicly traded one and the two firms are combined. In this […]
Two over-the-counter trading desks say their accounts at Gemini, the crypto exchange founded by U.S. investors Cameron and Tyler Winklevoss, were abruptly closed without explanation over attempts to redeem GUSD, the company’s stablecoin first introduced in September. The claims leveled against Gemini by the OTC desks, relayed under anonymity due to fears of reputational damage, […]
Ethereum core developers have proposed activating Constantinople – a planned system-wide upgrade that was called off earlier this week – in late February. Also called a hard fork, Constantinople is now estimated by developers to go live some time between Feb. 26 and Feb. 28, with a block number to be determined at a future […]