Cryptocurrency Analysis and News Portal
As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral.“This is a recognized form of investment," Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press.The plaintiff
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Bitcoin (BTC) is already processing 1% of the world’s GDP and the number is growing by “an order of magnitude” every halving cycle.According to statistician Willy Woo, who analyzed data from monitoring resource Coin Metrics, Bitcoin’s investment flow is $727 billion annually.BTC processes $727B per yearThe number is almost
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Galaxy Digital, the cryptocurrency merchant bank founded by Wall Street veteran Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.The layoffs occurred across the board in early January, and all of the New York-based firm's business divisions – asset management,
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Wells Fargo Strategic Capital, the venture arm of the fourth-largest bank in the U.S., is contributing $5 million to Elliptic’s Series B funding round. According to a Feb. 13 press release, the investment will help the company build products for large financial institutions.The latest investment brings Elliptic’s Series B
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Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business.Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager.Circle Invest
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Popular cryptocurrency wallet service and blockchain data provider Blockchain.com has led a funding round in its exchange partner Wintermute Trading.Wintermute Trading, a United Kingdom-based algorithmic trading firm, has completed a seed funding round led by Blockchain.com’s venture arm Blockchain.com Ventures.While the amount of funding is undisclosed, the seed round
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The U.K.'s financial watchdog has asked a China-based cryptocurrency investment firm to remove adverts for its service from the London Underground.According to a report from This is Money late last week, the Financial Conduct Authority (FCA) responded to criticism that it had been slow to act after the financial news
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Venture arms for Salesforce and Samsung participated in a second Series C funding event for a startup called Digital Asset. After gathering $35 million in its first Series C raise that ended in December 2019, Digital Asset decided to run another round, a Feb. 4 press release read. This second Series
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Sharing is caring!Leading Japanese financial services company SBI Holdings has invested $20 million in OpenLegacy, the market leader in microservice-based APIs for legacy and core systems with a focus on instituting Ripple-powered Moneytap, a blockchain-based payment application in Japan and globally and building Internet banking across SBI’s growing portfolio of Japanese banks. “OpenLegacy
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One lucky DAI holder won over $1,400 on PoolTogether Friday, reaching a new order of magnitude in prize payouts for risk-averse gamblers.A so-called "no-loss lottery," deposits to the decentralized finance (DeFi) project have been growing fast since its September 2019 launch. PoolTogether’s DAI pool also hit $1 million in locked-in
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