Coinbase has officially announced its plan to go public by way of a direct listing, according to a blog post on Thursday. The post stated: Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected toContinue reading “Coinbase announces bid to become public company, via direct listing”

GameStop took over the Internet and stock market alike, as shares of the video game retailer surged over 400% this week and nearly 1,750% this year. Meanwhile, shares of AMC Entertainment ballooned 300% over the week. However, reports state that brokers have paused trading activity for GameStop, AMC Entertainment, BlackBerry, and Koss on 28 January.Continue reading “As Robinhood pauses GameStop trading, maximalists say money will still flow into Bitcoin”

According to a new filing, Grayscale seems to have set the foundation for crypto trusts associated with the decentralized finance (DeFi) space. As of 27 January, the leading crypto asset manager filed to register new trusts for digital assets. According to the Delaware corporate registry, out of the five new trusts, three are connected toContinue reading “Will Grayscale venture into DeFi with new crypto trust filings”

A new survey in UK found that about a third of British people are keen on investing in cryptocurrency but a majority of them do not understand the digital asset’s market conditions well enough to actually make investments.  According to the national wide survey, 31% of British people are curious about crypto, however, 62% saidContinue reading “UK-wide survey says 31% Brits curious about crypto & Bitcoin, but lack market knowledge”

It seems that MicroStrategy CEO, Michael Saylor knows a thing or two about Bitcoin that most traditional investors overlook. In a recent interview with Unchained’s Laura Shin, the CEO claimed that people were missing out on a “fundamental issue” about the asset, and instead, they focused on Bitcoin’s technicalities. The chief exec believed that ifContinue reading “Bitcoin will increase by factor of 100 or 1,000 says MicroStrategy CEO”

eToro faced some technical issues today on 27 January. Several users took to Twitter to complain that they were unable to use the app. This was later confirmed by the eToto team which acknowledged the matter and said on Twitter:  We’re aware that some users are unable to close positions on eToro. We're aware thatContinue reading “When Bitcoin went below $30k, eToro and robinhood faced technical issues”

Ripple is now facing another new lawsuit filed by an XRP investor based out of Florida. According to a 25 January filing, the investor in question, Tyler Toomey accused Ripple Labs and CEO Brad Garlinghouse that the company violated securities laws in the United States.  The charges levied against Ripple and its chief executive stateContinue reading “Florida-based XRP investor sues Ripple and CEO Brad Garlinghouse”

United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. Continue reading “US SEC charges crypto trader ‘Coin Signals’ in $5 million fraud case”

Anthony Scaramucci, former White House Communications Director, and founder of SkyBridge hedge fund made bullish statements about Bitcoin and called it “a good long-term investment.” While predicting upcoming volatility and correction, Scaramucci believed the digital asset would only increase in price. Alongside SkyBridge Partner and the Chief Operating Officer, Brett Messing, Scaramucci claimed that theContinue reading “Bitcoin has become a good long-term investment: Former WH Communications Director”

US-based crypto trader and miner Simon Byrne has six Nvidia RTX 3080s graphics cards in the trunk of his BMW i8 car which is able to run the mining rig. According to HardwareTimes, the car’s internal battery can power the crypto mining equipment, however, Byrne keeps the trunk open to prevent the rig from overheating.Continue reading “This crypto trader set up mining rig in trunk of BMW i8”

Bitmain Technologies CEO Jihan Wu is reportedly stepping down from his role in the mining company. The Chinese billionaire cryptocurrency entrepreneur published a cryptic tweet on 26 January that mentioned a settlement with Bitmain’s co-founder and Wu’s rival, Micree Zhan.  Regarding the settlement between Bitmain’s two co-founders Resilio Sync key: BEHPKSVC4IHNZ7YXP2K5TAVZYVYUAO57E — Jihan Wu (@JihanWu)Continue reading “Bitmain’s Jihan Wu ‘finally’ settles disagreement with co-founder; resigns as chairman”

The speculations about whether Bitcoin is heading toward mainstream adoption does not seem to die down. After corporations such as Grayscale and MicroStrategy raked up more of the asset, recently, every analyst seems to have an opinion about the debate. Bitcoin even seems to be popular among Wall Street legends, such as Paul Tudor Jones,Continue reading “Former Goldman Sachs exec: Bitcoin ‘could work,’ but will attract more regulation”