It’s typical of government agencies to sell seized Bitcoins during bull runs; with South Korean law enforcement agencies becoming the latest entity that has sold a significant amount of confiscated Bitcoin. The amount in question, which was worth more than $10.8 million at the time of the sale, had been confiscated from a criminal backContinue reading “South Korean govt sells 2017 Bitcoins, making $10.8 million profit”

Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale’s Bitcoin Trust or cash-settled futures. Recently, Goldman Sachs said it was planning to launch investment offerings in the crypto asset class in the second quarter. What these new developments prove is that bitcoinContinue reading “XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin’s (non)security status”

Crypto exchange Coinbase announced the ‘effectiveness of registration statement’ of its Form S-1, which was earlier filed with the United States Securities and Exchange Commission (SEC). The form in question relates to the exchange’s proposal for a public direct listing of its Class A common stock. According to the Coinbase team, the “anticipated listing date”Continue reading “US SEC declares Coinbase S-1 filing ‘effective’; direct listing to occur on 14 April”

Several April Fools’ day jokes have been doing the rounds on social media with Bitcoin, in particular, appearing in some innovative pranks. One such company to unexpectedly join the pranking spree was BBC’s popular children’s show, Teletubbies that aired in the 90s. However, this joke was not all fake as it had an underlying socialContinue reading “Ripple, dogecoin and bitcoin bluffs: April 1st no longer amusing?”

After reports surfaced earlier about Morgan Stanley’s intention to reportedly provide its clients access to funds that will allow Bitcoin ownership, the investment banking firm has now decided to enable Bitcoin exposure in several institutional funds. The multinational company today declared in a filing with US Securities and Exchange Commission that it will offer exposureContinue reading “Morgan Stanley to add Bitcoin as eligible investment to multiple institutional funds”

Earlier this month, Galaxy Digital founder Mike Novogratz expressed curiosity about an increasingly popular altcoin – Cardano [ADA]. In addition to seeking out information, Novogratz admitted that ADA is “one of the few cryptos” that he hasn’t traded ever. Soon enough, the tweet in question reached IOHK’s Charles Hoskinson who said that he was “happyContinue reading “IOHK CEO doesn’t expect those who are still ‘drinking from the Ethereum Kool-Aid’ to join Cardano”

With the Cardano team preparing for a transition to fully “decentralized block production” by 31 March, a researcher explained an interesting concept behind the “switch to decentralization.”  As part of the transition, Cardano team members will contribute a number of “specific, external sources of entropy” or a “public assertion of randomness.” Expanding on the same,Continue reading “What you should know about Cardano’s switch to decentralization?”

The CEO of IOHK Charles Hoskinson weighed in on several topics during his latest ask-me-anything session, one which he live-streamed from Colorado, USA. During the AMA, Hoskinson appeared to defend both Bitcoin and ADA in response to a question about the regulatory future of the two cryptos. When one YouTube listener asked what would happenContinue reading “Charles Hoskinson’s take on whether US govt. will ban Bitcoin, Cardano”

Two months ago when Bitcoin began a rally in January, the flagship crypto reached new ATHs and remained steady over the $30,000 range for a long time. At the time, data from Longhash revealed that in a week’s time, 92% of crypto tokens had “outperformed Bitcoin.” The phenomena marked the beginning of an ‘alt season’Continue reading “Analyst says ‘Alt Season’ is here; here’s what this could mean for Bitcoin and Ethereum”

US Securities and Exchange Commission is yet to fully approve Bitcoin ETFs having only acknowledged VanEck’s filing for a $5 trillion ETF to date. The federal agency faces several ETFs that are waiting for approval, but the SEC’s rejection of 10 such Funds received criticism from Commissioner Hester Peirce again.  Peirce who is popularly knownContinue reading “What is the impact of a delayed Bitcoin ETF?”

Grayscale was in the news this week after the fund manager’s Grayscale Bitcoin Trust (GBTC) dipped significantly against net asset value (NAV) with a record low of negative 14.31%. Much of this could be a result of the underlying asset’s downward trend which saw Bitcoin drop by roughly 8% before the weekend.  Data from YChartsContinue reading “Bitcoin: Are the 3 ETFs affecting Grayscale’s dominance in the market?”

Trading at $0.56 with more than an 8% hike in price in the past seven days, XRP has been gaining steam. The price action comes amid new hope among XRP supporters who sought to urge crypto platforms to restart XRP trading, even before the court arrives at a final ruling. Much of this hype beganContinue reading “How much XRP does former Ripple CTO have left after another dumping spree?”