xrp

31

Aug

Ripple files motion to expose XRP holdings of SEC employees

The court has reportedly given the U.S. SEC until Sept. 3 to respond to Ripple’s motion to compel the authority to provide data on its employees’ XRP holdings. Ripple has filed a motion to compel the United States Securities and Exchange Commission to disclose its internal cryptocurrency trading policies as part of the ongoing legal battle with […]

crypto

31

Aug

Crypto working groups make push for adoption

Although the cryptocurrency sector may still be considered the “Wild West” by some governments and regulators, continued adoption and emerging use cases show that digital currencies are here to stay. Some even argue that blockchain-based networks and decentralized finance, or DeFi, platforms may soon replace traditional financial systems. Yet despite ongoing progress, the crypto industry is still young[…]

ethereum

31

Aug

Institutions remain bullish on Ethereum and Cardano while BTC outflows persist

Ethereum and Cardano continue to dominate inflows to institutional crypto investment products while demand for BTC weakens. Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin. In its Digital Asset Fund Flows Weekly report on Aug. 30, institutional asset manager CoinShares identified overall inflows of $24 million to[…]

etf

29

Aug

3 ways traders use Bitcoin futures to generate profit

Most traders think futures contracts are only used to place ultra risky high leverage bets, but the instruments actually have a variety of uses. Whenever there’s data out on futures contracts liquidation, many novice investors and analysts instinctively conclude that it’s degenerate gamblers using high leverage or other risky instruments. There’s no doubt that some derivatives exchanges[…]

BTC Chart

28

Aug

Honduras gets its first Bitcoin ATM

The “la bitcoinera” machine allows crypto enthusiasts to purchase BTC and ETH using the local fiat currency provided they are willing to scan their IDs and disclose certain personal information. TGU Consulting Group, a Honduran company based in the capital of Tegucigalpa, has reportedly installed the country’s first Bitcoin ATM. According to a Friday Reuters report, TGU[…]

hotel

27

Aug

Major hotel in Swiss Alps now allows crypto payments

The Chedi Andermatt has 123 rooms and suites going for as low as 1,300 francs per night in the high season, or roughly 0.03 BTC or 0.45 ETH. After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC)  and Ether (ETH) as payment from guests. According[…]

dogecoin

27

Aug

Turkish prosecutors investigate alleged $119M Dogecoin mining scam

Unwitting DOGE investors were promised attractive returns of 100% in just 40 days in exchange for depositing their money. Turkish media reports that authorities there are investigating an alleged Dogecoin mining scam that  pulled the rug on investors after amassing $119 million worth of deposits. An Aug. 23rd report from local channel TV100 broke the news, with police identifying[…]

bitcoin

26

Aug

Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion

While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14[…]

blockchain

25

Aug

Pakistani blockchain marketplace completes record $30M raise

With total funding of $37.8 million to date, Bazaar Technologies is among Pakistan’s most capitalized startups. Pakistani blockchain-powered business-to-business (B2B) marketplace, Bazaar Technologies, has secured $30 million in the country’s largest Series A round to date. Bazaar announced the closure of its latest raise on Aug. 24, revealing that th Silicon Valley-based Defy Partners and Singapore’s Wavemaker Partners had[…]

philippines

25

Aug

Philippine regulator tells Axie Infinity players they must pay tax on income from game

The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency. Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games. An August 23 report from Inquirer cites Philippine[…]