Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of...
Month: February 2021
Crypto Exchange Mistakenly Sold Bitcoin for $6,000: Now Requests Users To Return It
What started out as a normal trading day for some PDAX customers led to a favorable turn of fortune, or so it seemed. Their euphoria may have been short-lived by a harsh reality check as the Philippine-based exchange prepares to take legal actions. Philippine Digital...
Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA
Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to...
Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin
Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets. The section provides key pricing information for various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin...
Polkadot Gears Up for Parachains’ Launch: Unveils ‘Common Good’ Parachains
Polkadot, the interoperable blockchain protocol spearheaded by Ethereum co-founder Gavin Wood, has announced its forthcoming parachain launch. Parachains – application-specific blockchains that connect to the main network and benefit from its security and computing capacity – are viewed as the building block of Polkadot’s ecosystem....
NBA Top Shot leads NFT explosion with $230M in sales
Dapper Labs, the creator of the CryptoKitties game, is helping the National Basketball Association, or NBA, become a magnet for digital collectibles. NBA Top Shot, a marketplace for non-fungible tokens, or NFTs, has generated over $230 million in sales, according to Dapper Labs. NBA Top...
Bitcoin Price Analysis: Hope? Bullish Pennant Forming As BTC Plunges To $43K
Bitcoin seems to be going from bad to worse, with another 7% price drop today. BTC decreased by a total of $3,300 today as it dropped below $47,750 and also beneath the important support at $44k. The cryptocurrency continued to spike downward, reaching as low...
OLB Group enables crypto payments for thousands of US merchants
OLB Group (OLB), a New York-based e-commerce merchant service provider, is making it easier for businesses to accept cryptocurrency payments. OLB’s more than 8,500 merchants are now able to accept Bitcoin (BTC), Ethereum (ETH), USDC and DAI at the point-of-sale through the company’s OmniSoft business...
Bitcoin is an Alternative to Gold And Not a Currency, Says Bridgewater Analyst
Rebecca Patterson, the director of investment research at Bridgewater Associates, said bitcoin could be better compared to gold than a currency due to the similarities between both assets, thus, supporting the digital gold argument. Bitcoin As Digital Gold In a recent interview with Bloomberg, Patterson...
Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking
The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made arguments to justify the decision, with several notable figures weighing in on the subject. Nigeria’s...