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Bitcoin News
In a sign of continued maturity as a macro asset, bitcoin now looks to be leading the price action in the foreign exchange markets (FX).  “The dollar slid back to flat on the day on Monday after a surge in bitcoin to record highs foiled the U.S. currency’s attempt to rally back from [U.S. nonfarm]...
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Policymakers in India will provide a transition period if a proposed ban on cryptocurrency usage is passed as expected. According to a report by Bloomberg on Thursday, a senior Financial Ministry official – speaking under condition of anonymity – told Bloomberg cryptocurrency holders were likely to be given a three-to-six month period to close their...
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Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET)....
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Rapper Post Malone and his manager Dre London have teamed up with social money platform Fyooz to launch a celebrity beer pong league using non-fungible tokens (NFTs). According to the announcement, the Celebrity World Pong League NFT will bring recipients the chance to play beer pong against the rapper. Beer pong is a drinking game...
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Cryptocurrencies used for illicit purposes are a “growing problem,” Treasury Secretary Janet Yellen said Wednesday. “I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism,” she said in her opening remarks. She...
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Mastercard is planning to give merchants the option to receive payments in cryptocurrency later this year. According to a source familiar with the matter, the functionality will see Mastercard customers’ digital currency payments settled in crypto at participating merchants, a first for the financial giant. The company has not yet disclosed which digital currencies it...
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Mobile-focused blockchain payments startup Celo has raised $20 million from the likes of Andreesen Horowitz (a16z), Greenfield One and Electric Capital. According to a press release on Wednesday, the funding will go towards fleshing out its suite of offerings. Celo is a proof-of-stake blockchain built on Ethereum, designed to support stablecoins and tokenized assets, while utilizing cellphone...
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A website imitating the defunct cryptocurrency exchange QuadrigaCX has been posted online as of Tuesday, hoping to lure unsuspecting victims. A warning notification was sent out on Tuesday from both the exchange’s law firm Miller Thomson, which represents the now-former users of Quadriga, and Ernst and Young (EY), a court-appointed bankruptcy trustee for the exchange....
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A new analyst report from the Royal Bank of Canada thinks that with a small investment Apple could disrupt the crypto exchange space and pay for it by buying bitcoin. This episode is sponsored by Nexo.io. Today on the Brief: A shifting inflation narrative Reddit raises $250M and has a $6B valuation Castle Island Ventures...
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Crypto market maker Apifiny is planning to go public by the end of 2021, the company announced Tuesday.  Following in Coinbase and INX’s footsteps, San Francisco-based Apifiny plans use the funds raised through the listing to finance an aggressive expansion this year,   “We think there’s more vertical ways to improve these products,” said Haohan Xu,...
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