In a new review, CPA Australia attempted to provide an overview of Bitcoin, Ethereum, and Ripple’s XRP, in terms of central banks’ opinion of the networks being able to host CBDCs.  The report mentioned several regional rulings on Bitcoin to indicate that the crypto is undergoing a transformation. For instance, a 2020 ruling by theContinue reading “Bitcoin, Ethereum, XRP: Which shows potential for central banks to host CBDCs?”

Payments giant PayPal Holdings Inc. announced its intention to acquire Tel-Aviv crypto-focused startup, Curv. The firm expects to complete the acquisition of Curv in the first half of 2021; however, the financial aspects of the deal remain undisclosed. Earlier, local reports mentioned that Curv was being sold for about $500 million, to an unnamed buyer, at theContinue reading “PayPal to acquire crypto asset security firm Curv”

Energy company Aker ASA, which is based in Oslo, Norway has established a dedicated firm to invest in the Bitcoin ecosystem and related projects. Dubbed ‘Seetee AS,’ this new venture has a capitalization of $58 million and will invest Aker’s liquid assets in the digital currency.  Øyvind Eriksen, President and CEO of Aker stated thatContinue reading “Norwegian energy firm Aker’s three-pronged approach to Bitcoin”

Crypto mining firms based in Inner Mongolia have decided to shut shop amid strict regulations. A draft proposal that seeks to “shut down” all crypto mining initiatives expects mining firms to cease operations by April. Thus, companies that were once drawn to Inner Mongolia due to low electricity prices and its cold climate have now decidedContinue reading “Why Bitcoin mining firms based in Inner Mongolia are on the move”

Taking Bitcoin’s 2011 price performance into consideration, analysts believe that Bitcoin could see another rally by when Bitcoin will trade close to $75,000 and $306,000, with the former price target signaling the end of its fourth bull cycle.  According to crypto exchange Kraken’s February Market Recap and Outlook, Bitcoin has outperformed most cryptocurrencies with aContinue reading “Why Bitcoin could have a ‘historic quarter with relatively outsized returns’”

United States Securities and Exchange Commission and former Acting Chairman Elad Roisman have filed a motion to dismiss a petition filed by XRP investors who seek to amend SEC’s complaint against Ripple. Through a writ of mandamus that was submitted in early January, petitioners hoped to change SEC’s decision to exclude the part of theContinue reading “SEC files motion to dismiss XRP holders’ petition”

According to the United States Department of Justice, Manhattan Federal Court today charged John McAfee and his team’s executive adviser Jimmy Gale Watson Jr for fraud and money laundering conspiracy crimes.  McAfee has been charged with securities fraud, touting, and wire fraud among other offenses stemming from the fraudulent promotion of crypto that federal lawContinue reading “John McAfee faces more charges connected to money laundering and wire fraud”

MicroStrategy CEO Michael Saylor today announced his publicly traded firm’s latest million-dollar Bitcoin purchase on Twitter. According to the tweet, MicroStrategy has purchased an additional 205 Bitcoins worth $10 million in fiat, at an average price of approximately $48,888 per BTC. As of 5 March 2021, the firm holds 91,064 Bitcoins acquired for roughly $2.196Continue reading “MicroStrategy buys additional 205 BTC for $10 million during price dip”

Galaxy Digital founder Mike Novogratz has noticed “something different” going on with the crypto markets overall. Tweeting on 4 March, the Bitcoin maximalist believed that financial markets are amid a “giant paradigm shift” as institutions begin to invest in digital currencies. According to Novogratz, the whole world “just decided” that cryptocurrency is indeed an assetContinue reading “Bitcoin effect: Understanding the ‘giant paradigm shift’ in markets”

It’s not just a demand and supply narrative that will propel Bitcoin’s price to $100,000. In addition to this popular theory, William Quigley, who is the co-founder of Magnetic shared another reason why markets can expect a higher BTC price range. In a recent interview with CNN Business, Quigley stated that markets are in aContinue reading “This expert offers a new reason why Bitcoin will reach $100,000 in 18 months”

Entrepreneur Mark Cuban who owns Dallas Mavericks has recently been bullish on matters of cryptocurrencies and blockchain. The Shark Tank host recently declared his fondness for the Ethereum Network and said that Bitcoin is better than gold. But now, he may be warming up to another popular cryptocurrency. Cuban’s NBA team which currently accepts BitcoinContinue reading “Mark Cuban’s Dallas Mavericks will now accept Dogecoin as payment for tickets”

Crypto custody services firm BitGo today received the New York Trust Charter, a key license, from the New York State Department of Financial Services (NYDFS). The license will allow the firm to offer its custodial services to New York clients as a regulated entity under New York State Banking Law. Given the number of NewContinue reading “BitGo obtains key regulatory license to serve New York clients”