New York Digital Investment Group (NYDIG) is seeking to create a Bitcoin exchange-traded fund (ETF) according to a new filing with United States Securities and Exchange Commission (SEC).  Provided SEC gives the green light to the fund, NYDIG’s Bitcoin ETF could trade on New York Stock Exchange Arca. If approved, the ticker symbol will beContinue reading “NYDIG seeks US SEC approval to create Bitcoin ETF”

Publicly traded company MicroStrategy intends to offer $600 million worth of convertible senior notes in a private offering to qualified institutional buyers. The company planned to use the net proceeds from the sale of the notes to acquire additional Bitcoins. Initial investors of the notes will also have an option to purchase an additional $90Continue reading “MicroStrategy intends to buy more Bitcoin; BTC rallies to $50K”

Balaji Srinivasan, former CTO of Coinbase, is of the opinion that a crypto ban in India would reverse the nation’s economy and cost it trillions of dollars. The exec, who was also a former general partner at Andreessen Horowitz, stressed that India’s plan to ban cryptocurrency, which would prevent hodlers from trading, mining and investingContinue reading “The economic cost of a bitcoin & crypto ban in India”

Former Ernst & Young consultant and Bloomberg columnist Nir Kaissar explained how Bitcoin investors have managed to overcome the massive volatile nature of the asset’s price. Kaissar used annualized standard deviation to measure volatility in the price of Bitcoin, which demonstrated 200% since 2010, or 15 times more than that of S&P 500 index, in the same timeframe. HeContinue reading “How Bitcoin investors are managing the asset’s volatility”

After several institutions gave Bitcoin the mainstream nod, the price of the asset rallied to new highs over $49,000, recently. At press time, BTC was trading at $47,817 and was up by 0.1% in the past hour. Along with the asset’s price rally, Bitcoin miners seemed to have earned significant rewards. Last week, crypto analyticsContinue reading “Bitcoin breaks another record: miners see surge in weekly revenue”

UK-based crypto exchange Exmo suffered a distributed denial-of-service (DDoS) attack. Exmo team said on Twitter that the exchange’s servers were temporarily unavailable and that the team was trying to resolve the issue. According to the tweet published on 15 February at 13:00 UTC: Two months ago, on 21 December 2020, Exmo suffered a hack thatContinue reading “UK-based Exmo exchange is down due to DDoS attack”

Former Ripple CTO Jed McCaleb has moved another significant amount of XRP according to data from XRPscan. Between 12 and 15 February, Ripple cofounder transferred more than 114 million XRP from his ‘tacostand’ wallet, which now has 365,628,235.465371 XRP remaining as the total balance.  Over the weekend alone, McCaleb moved more than 76 million XRP,Continue reading “Ripple: Here’s how much XRP Jed McCaleb dumped over the weekend”

Strong bullish currents have been the norm across the crypto-market lately, with Bitcoin not being the only crypto-asset breaching ATHs consistently. In fact, hot on the heels of BTC, Ethereum, Chainlink, and Binance Coin have also registered their own new highs. Thanks to its correlation with the world’s largest cryptocurrency, it’s no surprise that LitecoinContinue reading “Litecoin goes past $200 to touch new 35-month high”

Alabama resident has been charged in a SIM-swap hack, targeting victims to steal over $150,000 worth of cryptocurrency. According to local news, authorities alleged that the resident is a 22-year-old man named Joseph Chase Oaks who now faces a string of charges. Prosecutors have accused Oaks of identity theft, computer trespass, and tampering, as wellContinue reading “US resident who stole $150K in crypto through SIM-swapping has been charged”

UK resident from Nuneaton has been charged for importing illegal drugs bought with Bitcoin; he will now serve a two-year prison sentence. Authorities alleged that the resident named Dylan Bailey, who is 19 years old, used the dark web to purchase ecstasy and paid Bitcoin for the illegal tablets.  A supplier in the Netherlands sentContinue reading “UK teen paid Bitcoin for ecstasy on dark web; faces 2 years in prison”

According to data from XRPscan, in the past two days, co-founder of Ripple, Jed McCaleb moved roughly 40 million XRP from his “tacostand” wallet, which was named and activated when McCaleb was still working with Ripple.  The former tech chief is very active when it comes to selling his XRP; a fact earlier noted byContinue reading “Ripple: Jed McCaleb dumps 40 million XRP”

Chief Executive of Uber and Expedia Group, Dara Khosrowshahi says that Uber will accept Bitcoin as a form of payment provided the company sees a real need for it to do so and if there is a benefit from accepting the digital currency. In a recent interview with CNBC Squawk Box on 11 February, theContinue reading “Uber may accept Bitcoin payments ‘if there’s a need’ but will not add BTC to treasury”