Tag Archives: crypto

American Wholesaler H&M Distributors Starts Accepting Cryptocurrency Payments

American Wholesaler H&M Distributors Starts Accepting Cryptocurrency Payments

H&M Distributors, Inc., an American company that “builds inventory based on the needs [its] customers express”, has announced it will start accepting cryptocurrency payments. Launched in 1997 as a distributor of “shatter-resistant fluorescent light bulbs”, H&M Distributors currently focuses on offering low-cost lampholders, lampholder accessories, and replacement ballasts. In order to provide a wider range of payment […]

Analysts Expect Crypto Markets to Continue Climbing After Yesterday’s Surge

Analysts Expect Crypto Markets to Continue Climbing After Yesterday’s Surge

Yesterday was an incredibly positive day for the crypto markets, as many cryptocurrencies were able to erase several weeks of losses in a matter of mere hours. Litecoin led yesterday’s surge and was able to skyrocket 30%, which led LTC to claim the fourth most valuable spot by market capitalization. Because the markets have been […]

Abra’s Blockchain App to Let Users Make Small Stock, ETF Investments

Abra’s Blockchain App to Let Users Make Small Stock, ETF Investments

U.S.-based crypto startup Abra is adding a new feature to its blockchain-based app that will allow global users to buy portions of traditional investment instruments. Announcing the news on Wednesday, Abra said the app will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks, exchange-traded funds (ETFs). The app already […]

Crypto Exchange Kraken Secures Blockbuster $4 Billion Valuation After $100m Mega Deal

Crypto Exchange Kraken Secures Blockbuster $4 Billion Valuation After $100m Mega Deal

Following the completion of the largest deal in the cryptocurrency sector year-to-date, major U.S. and Europe-based crypto exchange Kraken is set to raise a funding round valuing the company at $4 billion. On February 4, as CCN reported, Kraken acquired Crypto Facilities for over $100 million, becoming a regulated futures and index products operator in Europe. […]

Winklevoss Exchange Gemini Shuts Down Accounts Over Stablecoin Redemptions

Winklevoss Exchange Gemini Shuts Down Accounts Over Stablecoin Redemptions

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, […]

State of Blockchains: Community Perspectives

State of Blockchains: Community Perspectives

Every quarter, CoinDesk Research surfaces the key data, trends, and events with its State of Blockchains reports. As our research efforts evolve and expand, we hope to provide amplification to perspectives within the crypto community. We reached out to analysts, builders, and lawyers to understand the industry from their unique vantage point. Let’s dive in: […]

Wyoming Passes Bill to Recognize Cryptocurrencies as Money

Wyoming Passes Bill to Recognize Cryptocurrencies as Money

In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money on Jan. 31, according to the state legislature website. On Jan. 18, Wyoming legislation presented the bill, which would help to clarify the classification of cryptocurrency. As reported by Cointelegraph earlier this month, the bill will place crypto assets into three categories: digital consumer assets, […]

Donald Trump Might Pick This Bitcoin Optimist to Lead the World Bank

Donald Trump Might Pick This Bitcoin Optimist to Lead the World Bank

When Satoshi Nakamoto created bitcoin, a message in the cryptocurrency’s Genesis block made clear that it was a direct response to banking industry mismanagement and the financial and political structures that continued to enable it. Just one decade later, US President Donald Trump might tap a cautious crypto optimist to lead the World Bank. TRUMP […]