Kris Marszalek, Co-founder and CEO of Crypto.com. Source: A video screenshot, Youtube/ DELTA Summit
The masterminds of the Crypto.com app said that their platform is experiencing “accelerated growth,” and is now expecting to reach the 100 million user mark by 2023, a milestone that it claims is a “full two years ahead of schedule.”
In a blog post, the Hong Kong-based firm, which provides
2020 was a bumper year for Jack Dorsey’s Square and its crypto-embracing Cash App mobile payments app – but one that could soon be eclipsed, after the company revealed that “over three million customers” bought or sold bitcoin (BTC) on its platform in 2020, while January this year saw “more than 1 million customers” purchase bitcoin “for the first time.”
Wikipedia/World Economic Forum/swiss-image.ch/Photo by Remy Steinegger
Microsoft supremo Bill Gates has distanced himself from bitcoin (BTC) buying, dismissing fellow American entrepreneur Elon Musk’s own crypto moves – while talking up a digital money or payments infrastructure that to some BTC advocates will sound very familiar.
In an interview with Bloomberg, Gates claimed that he is
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Indian billionaire investor Rakesh Jhunjhunwala, sometimes referred to as India’s Warren Buffett, told CNBC that the country’s regulators should ban cryptocurrencies such as bitcoin (BTC). “I
Jesse Powell, CEO of Kraken. Source: a screenshot, Instagram/krakenfx
“Extreme” ethereum (ETH) selling caused yesterday’s flash crash to USD 700 on Kraken, according to Jesse Powell, CEO and Co-founder of the crypto exchange giant.
The CEO was speaking to Bloomberg TV, and claimed that his firm was “in the process of investigating” the incident.
However, Powell claimed,
“There
Peter Schiff. Source: a video screenshot, Youtube, Peter Schiff
The bitcoin (BTC) arch-skeptic Peter Schiff and crypto man-of-the-moment Elon Musk have come to virtual blows on (you guessed it) Twitter in a war-of-words over BTC...and vegetable emojis.
Yes, 2021 has just out-2021ed itself, and crypto advocates on the social media platform are having a field day, despite giant BTC liquidations and
The money transfer firm MoneyGram claims its support for Ripple is still in place, despite an announcement that it will suspend the receipt of “market development fees” – but the two companies endured a bitter fate on the stock market, with the former’s stocks (many of which are Ripple-owned) taking a plunge.
Ripple began paying MoneyGram the fees as part of an
Japanese men aged 30-49 are increasingly finding themselves the target of sophisticated crypto scams that pry on love-hungry users via dating apps – with a national watchdog stepping in with a warning to be mindful of the risks of investing in tokens on the advice of strangers.
The National Consumer Affairs Center of Japan (NCAC), the state’s biggest consumer
The government of Gyeonggi Province, the most populous province in South Korea and a hub of IT companies, has announced it will make an “intense” crackdown on crypto-flavored multi-level marketing schemes (MLMs) and bogus initial coin offerings (ICOs).
Per Asia Kyungjae, the province’s police forces are now gunning for a wide range of villains, many of which are
Experts are starting to muse about the possible strategies governments could use if they ever decided to wage war on Bitcoin (BTC) – and derail an asset whose rise in the past few months has been nothing short of meteoric.
PayPal’s crypto plunge last year (set to expand in 2021) and Tesla’s decision to purchase USD 1.5bn worth of bitcoin have arguably been
Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Recently, US Treasury Secretary Janet Yellen made several statements relevant to the crypto industry:
- Yellen called bitcoin “a high-risk, speculative
The central Bank of Japan (BoJ) is set to launch a pilot for a digital yen this Spring, although the central bank is still a long way from making up its mind on whether it will push ahead with issuance.
Per NHK, the BoJ appears to be aware that China, which is already committed to launching its own central bank digital currency (CBDC), is “leading the way in this
With just over a month left before South Korean financial regulators begin policing the activities of the nation’s crypto exchanges, a regulatory body has unveiled details of how it will request trading platforms to report suspicious transactions as part of what promises to become one of the most highly scrutinized industries in the country.
Per reports from the
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Fiat-to-crypto exchange OKCoin said it will suspend bitcoin cash (BCH) and bitcoin SV (BSV) trading on March 1 because of the platform's "commitment to protect Bitcoin." OKCoin CEO Hong Fang
Gene Simmons. Rock veteran Gene Simmons of Kiss has ended the week with (what else?) a flurry of crypto-related tweets. But after his previous bitcoin (BTC) endorsement and claims of dogecoin (DOGE) deity status, he has now turned his love gun to another, less-feted token – cardano (ADA).
As well as tweeting the rocket emoji with text simply reading “ADA,”
Source: JP Morgan, Instagram
Bitcoin (BTC) may be surging to never-seen-before heights as the week draws to a close, with prices surpassing the USD 53,000 mark for the first time today, but not everyone wants to sing its praises – nor those of altcoins – as JPMorgan’s analysts poured some water on the crypto fire.
The company has unveiled a new report that makes considerable mention of BTC
Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz
Arthur Hayes, the co-founder and former CEO of major crypto derivatives exchange BitMEX, has made a remarkable return to the public spotlight – emerging on social media for the first time since the US authorities indicted him and his fellow co-founders on charges of financial malpractice.
The outspoken Hayes dropped off the radar
A new report has linked a spike in the creation of new bank accounts in South Korea to a rise in crypto trading – an indication that a large influx of new traders in the East Asian nation has taken up crypto in 2021.
In 2018, Seoul created a set of guidelines that requires crypto exchanges to keep their own funds and those of their clients separate in banking procedures.
Much has been made of the forthcoming digital yuan – China’s central bank digital currency – and its potential threat to the United States dollar, but a China watcher is saying that the token will first need to displace the likes of Alipay and WeChat Pay at the top of the domestic e-pay tree.
Alipay is the e-pay arm of the e-commerce giant Alibaba, while the tech
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Bitcoin news
North America’s first Bitcoin exchange-traded fund (ETF), the Purpose Bitcoin ETF (BTCC), that invests directly in "physical/digital bitcoin," debuted on the Toronto Stock Exchange on Thursday,
The GameStop (GME) saga is set to take another twist as a trader prepares to tell the American House of Representatives that social media has allowed retail traders to leveling the playing field with their bitter Wall Street rivals, a strategy that is also coming good for thousands of crypto investors in the locked-down world of the coronavirus pandemic.
In a virtual hearing
The under-fire American trading platform Robinhood said it will provide customers “the ability to deposit and withdraw” cryptoassets and has claimed that it has no crypto holdings – despite mounting suspicion that it could be one of the mysterious dogecoin (DOGE) whales who control vast amounts of the runaway token.
In a series of tweets, Robinhood wrote:
“So much
Source: Adobe/profit_image
Cybercrooks are slowly turning their backs on crime because they are finding it is more profitable to mine crypto, according to research from Kaspersky Labs.
Per Kommersant, the Russian software giant said that distributed denial-of-service (DDoS) attacks in the final quarter of the 2020 financial year were actually up on the previous quarter’s figures by 10%, but
A fragment of “EVERYDAYS: THE FIRST 5000 DAYS” by Beeple. Source: A screenshot, onlineonly.christies.com
The year is still young, but it is already promising to be a bumper 365 days for the growing non-fungible token (NFT) industry, with breakthroughs in the UK, North America, Japan and beyond.
In Britain, Christie’s, arguably the world’s most famous auction house, will place an NFT
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investing news
Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, told CNBC that the world’s largest asset manager started "to dabble a bit" in bitcoin (BTC), but he did not specify
Bitcoin mining rigs. Another Chinese non-crypto firm has moved into bitcoin (BTC) mining – with the shipping behemoth Sino Global set to snap up a controlling stake in computing company Nine-Chain Intelligent in a deal worth around USD 8.5m.
Per a press release, Sino Global announced that it had signed a Letter of Intent that would see it acquire 51% of the shares in
Companies outside the United States look set to follow Tesla and others into bitcoin (BTC) buying, after the German listed cannabis company SynBiotic announced that it has “started to shift some of its free liquidity into bitcoin.”
Although the German company did not disclose the size of its investment, it was quick to claim, in an official release yesterday, that it was
Local stablecoins are making waves in South Korea again, with platforms that allow customers to spend tokens forecasting positive growth in 2021 – and leading candidates in the nation’s two biggest mayoral elections pledging to expand the scope of local government-issued coins.
Much of South Korea will head to the polls in April this year, with mayors to be elected
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, aims to launch a Bitcoin exchange-traded fund (ETF), per a filing with the US Securities and
The Tesla-bitcoin (BTC) plot continues to thicken after it was revealed that one of the decision-making board members who may have approved the auto giant’s game-changing crypto move is an investor with board seats at two major crypto players.
Per The Telegraph, Tesla independent board member Antonio Gracias was part of a four-member audit committee that may have
