Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on Friday, Bitcoin’s network hash rate has passed total exahashes per...
As DeFi tokens surge, CRV indicates a bumper crop for ‘DeFi Summer 2.0’
Fire up your tractors: The farmer’s almanac of decentralized finance is indicating that DeFi Summer 2.0 could feature some healthy yields across the ecosystem. Multiple common metrics used to gauge the health of the DeFi space are pointing toward a looming bull market, but perhaps...
Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development
If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives...
Cathie Woods’ Ark buys a further $110M worth of Coinbase shares
Three exchange-traded funds offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase (COIN) to their positions on Thursday. According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF and Ark Fintech...
r/Wallstreetbets rebans crypto discussions following Bloomberg article
r/Wallstreetbets, a subreddit famous for organizing a pump for Dogecoin and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced on Thursday that r/Wallstreetbets has now banned crypto discussions forever, following a Bloomberg article...
Nigeria’s SEC says central bank’s crypto ban disrupted the market
Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market. According to a report by The Guardian, the SEC director-general made this assertion known during a press conference organized after the...
Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all
Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on Friday. The Antminer E9 model is an application-specific integrated circuit chip that will run on the Ethereum blockchain’s Ethash algorithm. No official release date has been announced for the...
Massachusetts regulator seeks to revoke Robinhood’s broker-dealer license
Massachusetts’ securities regulator is seeking to revoke the broker-dealer license of cryptocurrency-friendly stock trading app Robinhood in the state. William Galvin, the head of the state’s securities division, said in a new administrative complaint that Robinhood has “continued a pattern of aggressively inducing and enticing...
Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze?
Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more. The CEO and “Technoking” of Tesla was...
Turkey to ban cryptocurrency payments
A new ban in Turkey will prohibit crypto holders from using their digital assets for payments in addition to preventing payments providers from providing fiat onramps for crypto exchanges. According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban...