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Cryptocurrency derivatives exchange FTX has acquired Blockfolio, the market’s leading mobile news and portfolio tracking app, for $150 million. The price was paid in cash, crypto and equity, the companies told CryptoX. Formally announced Wednesday morning in Asia, the deal is a strategic play for FTX, whose clientele consists largely of
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Cypherium CEO is a massive advocate for ensuring CBDCs are interoperable and he has developed a framework to ensure CBDCs achieve their full adoption and global innovation.Central bankers around the world are more and more coming around to CBDCs, digital form of fiat money, mainly inspired by Bitcoin. Tech nowadays
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A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in
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Since the end of 2017, the assumed trajectory was that well-heeled financial institutions would take the reins from retail investors, becoming the main driving force and primary investor class in crypto. But a report out last week from derivatives exchange ZUBR argues that retail investors are not just here to stay, they could
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LibertyX, America’s pioneer Bitcoin (BTC) ATM installer has launched the “Bitcoin on Every Block” initiative which aims to make it possible for U.S. residents to buy Bitcoin (BTC) with cash at 20,000 retail stores and pharmacy chains in the country, including 7-Eleven, CVS Pharmacy, and Rite Aid, according to a
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According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000.Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also
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Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards
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Airline shares are rallying strongly, as early indicators are that they will fly close to 50% capacity this summer. That’s a steep rise from 20% back in April and May. The sector remains a mess, and bankruptcy is still a prospect for a segment only at half its
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On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24%
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Blockchain rewards platform MiL.k has teamed up with Seoul-based luxury retail space chain Shinsegae Duty Free to provide loyalty points compatibility and management. The new partnership allows Shinsegae customers to connect their existing rewards accounts to the MiL.k mobile app, according to a press release shared with Cryptox on May 11. Adoption
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