News

UAE-Based Phoenix Technology Consultants Places Order for $650M Worth of Crypto Mining Rigs

The purchase is one of the biggest ever and puts U.A.E. on the crypto mining map.

Business  ·  9 November 2021

Russian Ministries, Duma Want to Legalize Crypto Mining: Report

The lawmakers and institutions think taxing the industry would be beneficial to the country, however the central bank disagrees.

Others  ·  9 November 2021

Open Positions in Ether ‘Calls’ Hits 1 Million Mark as Traders Pile Onto Higher Strike Options

Ether’s options market flows appear more bullish than ever, with the cryptocurrency eyeing the psychological level of $5,000.

Markets  ·  9 November 2021

Bitcoin Soars Past $68K for the First Time as Ether Also Sets Record High

The total market capitalization of all cryptocurrencies neared a milestone of $3 trillion.

Markets  ·  9 November 2021

Discord CEO Hints at Ethereum Compatibility

The CEO posted a screenshot that shows Discord connecting to Ethereum, saying “probably nothing.”

Tech  ·  9 November 2021

Biden Administration Sanctions Crypto Exchange Chatex Over Ransomware Allegations

The Treasury Department sanctioned OTC exchange Suex in September.

Others  ·  9 November 2021

First Mover Asia: Bitcoin Hits Record High of Over $67.5K; Ether Also Sets New Mark

Indicators suggest that bitcoin, the largest cryptocurrency by market capitalization, is headed at least initially toward the $86K resistance level.

Markets  ·  8 November 2021

Robinhood Shares Fall After Data Security Breach Revealed

Robinhood’s stock fell after the trading platform acknowledged a Nov. 3 data breach

Business  ·  8 November 2021

PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short

The payments giant added 13.3 million new accounts in the quarter, up from 11.4 million in the prior quarter.

Business  ·  8 November 2021

Market Wrap: Bitcoin Rises as Central Banks Maintain Low Rates

Bitcoin (BTC) is rising along with equities after some central banks appeared to be in no rush to raise rates last week. Analysts expect a bullish Q4 for crypto, although next year could be difficult as monetary stimulus fades.

Markets  ·  8 November 2021

Crypto Mining Stocks Rally After Bitcoin Surges Near Record, Ether Hits All-Time High

Monday’s rally in bitcoin and ether prices spurred crypto mining stocks such as Marathon Digital and Riot Blockchain to rise sharply.

Business  ·  8 November 2021

Microsoft’s Decentralized Identity Head Leaves to Join Square

Daniel Buchner oversaw the launch of Microsoft’s ION Decentralized Identifier earlier this year.

Business  ·  8 November 2021

Coinbase Wallet Users Now Have a Standalone Browser Extension

The Coinbase offering comes amid an increase in the use of self-custody crypto wallets.

Business  ·  8 November 2021

Cryptocurrency AML Specialist Notabene Raises $10M

Notabene's Series A funding round was co-led by Jump Capital and F-Prime Capital.

Business  ·  8 November 2021

Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley

The stablecoin market cap has grown to $137.7 billion from $20 billion a year ago.

Business  ·  8 November 2021