Cryptocurrency Analysis and News Portal
The need for safekeeping and storage of cryptocurrencies, particularly for institutional customers and high net worth individuals, has driven digital asset custody to prominence, with many flavors on offer and firms commanding high valuations. The issue has also drawn the attention of the U.S. Securities and Exchange Commission (SEC), which
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A TikTok influencer who reportedly mortgaged his house for $500k to invest in XRP, the native currency of the XRPL and coin used by Ripple, is losing money and unable to recoup his initial capital,
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Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, the
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Tether, the company behind the largest stablecoin Tether (USDT), is following in the footsteps of MicroStrategy to manage its reserves. The stablecoin issuer plans to strengthen its reserves with the help of Bitcoin (BTC) and move away from United States-based government debts.In an announcement on May 17, Tether revealed that it
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The company said it will exclusively utilize realized profits from its investment operations for buying BTC, disregarding unrealized capital gains. It means that the firm considers “only the tangible gains from its operations,” consisting of the difference between the purchase price and net proceeds from an asset sale or, in
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Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restructuring plan.On May 12, BlockFi outlined its Chapter 11 reorganization plan in a filing with the United States Bankruptcy Court in Trenton, New Jersey. The firm said that selling
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MetaMask, a cryptocurrency wallet provider, has partnered with PayPal to offer ethereum (ETH) purchases for users in the United States. The company states this makes it the first web3 wallet to enable such transactions through PayPal. A
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The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand. Source
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The $500 billion-plus firm is involved in NovaWulf's offer for Celsius, according to a person familiar with the matter. Source
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Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to a survey by a United States financial regulator. Published by the United States Financial Industry Regulatory Authority (FINRA) Investor Education Foundation in late April,
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