Kraken has announced that it plans to integrate Lightning Network sometime in the first half of next year and that the exchange was also hiring a team to focus on Lightning infrastructure. At first, Kraken will reportedly begin its Lightning support with API access-only withdrawals. Following this, Kraken will focus on user-interface access withdrawals and,Continue reading “Kraken to launch Bitcoin Lightning Network integration in 2021”

Regulators in Massachusetts are planning to file a legal complaint against California-based trading app Robinhood. Authorities allege that the digital investment platform aggressively marketed to inexperienced investors without having any controls in place that offer to protect users, as reported by the Wall Street Journal.  According to the report, Massachusetts Securities Division has accused RobinhoodContinue reading “Massachusetts regulators to start legal case against Robinhood”

In an update that was sent to shareholders about the company’s performance this year, Ruffer Investment Company revealed its new Bitcoin investment strategy. Ruffer allocated what is currently worth approximately 2.5% of its multi-strategies fund to Bitcoin. This amounts to a $15 million purchase according to Alex Krüger an economist and a crypto analyst. However, theContinue reading “UK-based Ruffer Investment allocates 2.5% of portfolio to Bitcoin”

American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals such as gold and silver, had a “bright future.” He also explained why he thought Bitcoin will soon be heading toward the $50,000 range inContinue reading “This prominent author reasons why Bitcoin will soon be heading toward the $50,000 range”

Jeremy Allaire, CEO and founder of digital currency company Circle, took to Twitter to share that the circulating amount of the USDC stablecoin is now over 3.3 billion. According to the CEO:  Just a week ago we shared that $USDC had crossed 3 billion in circulation.  We’re now well over 3.3 billion across chains, 10%Continue reading “Circle CEO: USDC circulation has exceeded 3.3 billion”

Ripple partner SBI Holdings, a major Japanese financial services company, acquired UK-based crypto market maker B2C2 through its subsidiary, SBI Financial Services. Along with the acquisition, SBI Financial Services will also launch a cryptocurrency dealing desk, Reuters has learned. SBI Holdings, the parent company of SBI Financial Services, is a long-term partner of payment protocolContinue reading “Ripple partner SBI group acquires UK-based crypto trading firm B2C2”

Cynthia Lummis, an American politician who is the US Senator-elect from Wyoming, believes that Bitcoin will be crucial in the event that the fiat system crashes down. In a recent episode of the “What Bitcoin Did” podcast, Lummis told Peter McCormack:  If we reach the point where we have overspent so much that things startContinue reading “US needs an alternative path just in case we fail… Bitcoin is that alternative path: Senator-elect”

Ihor Kolomoyskiy, a Cypriot-Ukrainian billionaire business oligarch, and former governor of one of Ukraine’s provinces, is reportedly running a Bitcoin mining operation at a steel factory in Kentucky.  The factory, CC Metals & Alloys (CCMA) is owned by the Ukrainian tycoon Ihor Kolomoyskiy and his business partner Hennadiy Boholyubov. An anonymous former employee of theContinue reading “Ukrainian billionaire’s steel factory in Kentucky is mining Bitcoin”

Ethereum’s Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies. In a Twitter post published on Monday, Buterin asked his followers not to take out personal loans to buy ETH or other assets in response to a user’s tweet that he addressed. The anonymousContinue reading “Vitalik Buterin warns followers against taking loans to buy cryptos like ETH, BTC”

Bitfinex has added four new assets on Bitfinex Borrow, its peer-to-peer (P2P) digital token lending/borrowing platform. The latest digital assets added, including XRP, Litecoin LTC, EOS and Polkadot DOT, can act as collateral to obtain crypto and fiat loans.  📣 On Bitfinex Borrow you can now get a loan using the following collateral: XRP ($XRP)LitecoinContinue reading “Bitfinex borrow adds XRP, Litecoin, EOS, Polkadot as collateral”

Zhou Xiaochuan, former Governor of China’s central bank revealed today that the nation’s long-awaited Digital Currency Electronic Payment or its CBDC, digital yuan, is not being issued as a replacement to global fiat currencies such as US dollar or Euro, according to a local report from the SCMP.  During the Shanghai Financial Forum, the officialContinue reading “‘China not planning to replace global fiat with digital yuan’”

Israeli entrepreneur Uri Levine who co-founded Waze, a traffic and navigation app, acquired by Google is bearish on cryptocurrencies claiming that Bitcoin is only useful for criminals. The Israeli start-up king said that the cryptocurrency space does not necessarily solve any problems that we don’t already have the answers to. In an interview with CNBCContinue reading “Israeli start-up king is bearish on Bitcoin”