“We want to be one of the most crypto-forward and technological cities in the country,” Miami’s Mayor Francis Suarez told Fox Business in a recent interview, with the government official the latest to jump onto the cryptocurrency market’s bandwagon. However, that wasn’t all as Suarez also went on to explain how the city is lookingContinue reading “Miami now exploring crypto-regulations that will enable Bitcoin payments”

Ripple is in the news today after it announced a partnership with Mobile Money, a Malaysian mobile wallet company, to facilitate wallet-to-wallet payments between Malaysia and Bangladesh and serve the remittance corridor between the two countries. Through RippleNet, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS), a company thatContinue reading “Ripple partners with Mobile Money to serve Malaysia-Bangladesh remittance corridor”

China’s MicroBT, one of the world’s biggest Bitcoin mining rig manufacturers, is planning to go public in the United States, according to local reports. MicroBT manufactures WhatsMiner and over the past year or so, it has gained a significant market share. In fact, it became the second-largest Bitcoin mining rig manufacturer in China, despite beingContinue reading “China’s MicroBT is reportedly planning a U.S IPO”

Polkadot may soon see its first-ever parachain, with Plasm Network announcing today that it has successfully connected to Polkadot’s testnet Rococo V1 locally. Announced last month, the Rococo-V1 testnet is based on the latest version of the parachain consensus, which is the same code that will run on Polkadot and Kusama. According to Polkadot Co-FounderContinue reading “Plasm Network deploys first parachain on Polkadot’s Rococo V1 testnet”

GateHub, a U.K-based hot wallet company that allows users to store and trade cryptocurrencies on its platform, has come out in support of Ripple and XRP amidst the latter’s legal troubles with the United States’ SEC. According to a statement released by the platform, GateHub will continue to list XRP until the SEC’s complaint againstContinue reading “U.K-based GateHub comes out in support of ‘utility token’ XRP”

Bitwise Asset Management, a leading provider of crypto-index funds and ETF trends, is in the news today after it published a survey revealing how financial advisors around the United States feel about crypto. In the eyes of many, the survey’s findings validate the contention that cryptocurrencies have gone mainstream. The survey in question found thatContinue reading “‘Still early days for crypto,’ says Bitwise survey”

The last seven days have been tumultuous for the market’s leading cryptocurrency, Bitcoin, with BTC climbing to touch a new all-time high of $41,941, before falling to a low of $30,305 just two days later. While the price has since consolidated, with the crypto priced at $35,000, at press time, who were the major profit-takersContinue reading “Bitcoin Options trader cashes out $36k call, takes $52k position for end of January”

Cardano Founder Charles Hoskinson’s updates have been crucial to the development of the ecosystem over the past year. So is the case this time too, with IOHK’s CEO giving the community some important updates during his latest AMA. During the same, Hoskinson revealed that the Mary hard fork is coming in February, with the sameContinue reading “Cardano’s Mary hard fork to offer native multi-asset support in February”

Popular crypto-exchange Bakkt recently announced its plans to go public via a SPAC (Special Purpose Acquisition Company), with an initial valuation of over $2 billion. This deal would make Bakkt the first-ever publicly traded crypto-company, a development that would be an important milestone for the industry. With the Coinbase IPO soon to follow, many analystsContinue reading “No XRP support in the pipeline, says Bakkt’s Gavin Michael”

Singapore-based digital asset exchange Zipmex is in the news today after it closed a $6 million funding round led by United States-based venture capital firm Jump Capital. According to a press release shared with AMBCrypto, the total amount raised reportedly exceeded the initial target of $4 million. The development was welcomed and celebrated by theContinue reading “Singapore-based Zipmex closes $6M funding round led by Jump Capital”

SushiSwap released their roadmap for 2021 earlier today, which has been widely anticipated by many in the community. The price of SushiSwap’s native token $SUSHI surged over 15% in the past 24 hours, in anticipation of the roadmap release after Sushi’s managing director 0xMaki tweeted about the same. The roadmap outlined that SushiSwap will beContinue reading “SushiSwap’s roadmap for 2021 reveals integration with Polkadot”

The growth of stablecoins within the crypto industry has surged in the past year, with the total supply reaching $31.7 billion at the time of writing. Most of the growth has been driven by USDT and USDC, the two largest stablecoins by total supply, accounting for 75% and 14% of the stablecoin market respectively. However,Continue reading “Will CBDCs replace stablecoins?”