Tagged: digital assets

Bitcoin (BTC) Miners Profitability Further Improved due to Lower Mining Difficulty Level: Report

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

Bitcoin (BTC) has Become Less Volatile than Many S&P 500 Stocks, As it Approaches its All-Time High of Nearly $20,000

Bitcoin (BTC), the world’s leading digital currency that’s trading at over $18,000, has become less volatile than many S&P 500 stocks. The team at VanEck, a New York-based investment management firm, has noted: “Historically, Bitcoin has been discussed in the news and among investors as… Read More

Waves Protocol Team Partners OKExChain Developers to Work on Cross-Chain DeFi Projects

The Waves Protocol team has teamed up with the developers of OKExChain in order to work on distributed ledger tech (DLT)-focused projects. The development of a cross-chain decentralized finance (DeFi) ecosystem and developer-friendly tools will be the primary focus of the collaboration between the Waves… Read More

DeFi Tokens Aave and YFI Continue to Rally as Institutional Investors back Decentralized Finance Intiatives: Report

Analysts are still quite bullish on decentralized finance (DeFi) as increased capital flows indicate that the market is “primed to move higher,” according to a report from OKCoin. Following Bitcoin’s (BTC) ascent to around $18,700, major DeFi tokens have continued to surge as well. OKCoin’s… Read More

Ethereum (ETH) Surges to Year-to-Date High of $500+, but Eth 2.0 Upgrade Experiences Challenges: Report

The Ethereum (ETH) price is up around 25% during the month of November 2020. ETH, the world’s second-largest cryptocurrency by market cap and adoption, is trading at a little over $500 at the time of writing. During this past week, Ethereum managed to reach a… Read More

Business Information Provider IHS Markit to Redistribute Lukka’s Blockchain and Digital Asset Data Products

Lukka, an established digital asset software and data provider, has teamed up with global business information provider IHS Markit in order to redistribute Lukka’s “institutional-grade” blockchain and crypto-asset data products. They include Lukka Prime and Lukka Reference Data, as part of the extensive IHS Markit… Read More

FATF Travel Rule Solution Sygna Bridge Completes Assessment by Association of Cryptocurrency Enterprises and Startups, Singapore

Sygna Bridge, the “market-ready” solution developed for Virtual Asset Service Providers (VASPs) to fulfill the Financial Action Task Force (FATF) Recommendation 16’s “Travel Rule,” has reportedly become the very first FATF Travel Rule solution to go through an independent assessment by The Association of Cryptocurrency… Read More

Digital Assets Platform Fireblocks Secures $30 Million Through Series B Funding Round Led By Paradigm

Fireblocks, an enterprise-grade platform providing the infrastructure for moving, storing, and issuing digital assets, announced on Wednesday it secured $30 million through its Series B funding round, which was led by Paradigm with participation from existing investors, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency… Read More

Binance Claims Ethereum (ETH) Price Is Showing “Bullish” Trends, as Crypto Market Reaches 34-Month High of $468 Billion

Binance, the world’s largest digital asset exchange, notes that between October 15 and November 15, 2020, the total market cap for crypto-assets surged from $359 billion to as high as $468 billion toward the end of the latest week – which represents a 34-month high…. Read More

Singapore’s Propine, a Regulated Digital Asset Custodian, Partners Skyhook Capital, a Fintech SaaS Platform

Singapore-based Propine, an independent and regulated digital asset custodian, has partnered with Skyhook Capital, the Singapore-headquartered Fintech (software-as-a-service) SaaS platform that offers access to digital securities that may be incorporated within investors’ traditional wealth portfolios. According to a release shared with Crowdfund Insider, the partnership… Read More

Tel Aviv based Fintech Fuse.io Partners with Ramp to Make it Easier to Buy Cryptocurrencies using Fiat Directly Via Fuse Wallet

The development team at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” recently partnered with Ramp in order to “ease the onboarding process” of… Read More

Former Tencent Exec and Huobi Co-Founder Du Jun Returns, Says Crypto Exchange Remains Focused on Compliance

After a three-year leave, co-founder Du Jun has returned to Huobi, a leading cryptocurrency exchange that reported $877.88 billion in trading volume during H1 2020. Jun had left Tencent and founded Huobi with Leon Li back in 2013. But then a few years later in… Read More

Bitcoin Enters “Rarified Air,” Now Trading Above $10K for 114 Days, Historical Indicators May No Longer Matter as BTC May Set New Highs: Report

US-based crypto exchange Kraken recently published its Bitcoin volatility report covering the month of October 2020. Kraken Intelligence, which is the exchange’s team of in-house research professionals, has noted that each month, they take an extensive look into the fundamental and technical factors that impact… Read More

Digital Asset Manager Grayscale has Acquired Over 100,000 Bitcoin (BTC) Since June 2020

Kevin Rooke, a digital asset analyst who’s well-known for his insightful tweets, recently noted that Grayscale, one of the largest institutional investors in the crypto space, is “on fire.” Rooke revealed that Grayscale’s Bitcoin (BTC) Investment Trust now holds around 506,000 BTC, which is about… Read More

Crypto Market Reaches Highest Valuation Since May 2018, As Bitcoin Hit 35-Month High of $16,400: Report

Binance, the world’s largest digital asset exchange, says it hasn’t seen Bitcoin (BTC) this “expensive” since December 2017. The leading blockchain firm along with the rest of the crypto industry is now wondering whether Bitcoin will be setting another all-time high (after trading for nearly… Read More

DeFi Tokens AAVE and YFI Surge More than 100% From Recent Lows: Report

After experiencing a strong correction earlier this month, leading decentralized finance (DeFi) tokens have been able to recover strongly, OKCoin reports. The San Francisco-based crypto exchange notes that DeFi tokens crashed in late-October 2020 and were performing poorly earlier this month as investors appeared to… Read More

Number of Virtual Asset Transactions Triggering Travel Rule Thresholds Could Increase Significantly Under FinCEN’s New Rules: Report

Blockchain security firm Ciphertrace has noted that FinCEN’s suggested rule change for the Travel Rule Threshold would “more than double” compliance events for US-based virtual asset service providers or VASPs. CipherTrace confirms that FinCEN had released a proposed rule change (in October 2020). The recommendation… Read More

Binance Launchpool Introduces the Unifi Protocol DAO, a Multi-Chain Smart Contract based DeFi Solution

Binance Launchpool, a new project designed to bring the decentralized finance (DeFi) experience to the crypto exchange’s users, has introduced a project, called Unifi Protocol DAO (distributed autonomous organization), which is “a working multi-chain smart-contract based DeFi solution.” As explained by the Binance team, Unifi… Read More

Chainalysis Introduces Asset Realization Program to Help Governments with Managing Seized Digital Assets

Chainalysis, a leading blockchain analysis firm, has introduced an asset realization program to assist government departments and insolvency practitioners with handling, storing, “realizing,” and monitoring seized assets. As mentioned in a blog post by Chainalysis, this announcement has come soon after the largest ever seizure… Read More

Digital Assets Firm Anchorage Successfully Completes its SOC 1 Type 1 Assessment, a Marker for “Excellence” in Financial Services

Anchorage, a company that aims to help institutional clients with adopting digital assets, has announced that it has passed another significant milestone on its journey as the leading crypto-asset platform for institutional investors. Jennifer Lee, Head of Compliance at Anchorage, confirmed that the company has… Read More

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