Crypto.com Aiming to Hit 100 million User Target by 2023 as CRO Surges

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

1 Million First-time Buyers Bought Bitcoin on Dorsey’s Cash App Last Month

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.”

Bill Gates Champions His Own ‘Digital Money’ – But What Is It?

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

India’s Warren Buffett Is Against Bitcoin Too, ECB Aims At Diem + More News

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

‘Extreme Selling’ Caused Kraken Ethereum Flash Crash – CEO

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

Peak 2021 Is Already Here as Schiff and Musk Go into Eggplant Twitter Meltdown

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

MoneyGram Says it Still Supports Ripple Despite Partnership Pause

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

S Korean Province Vows ‘Intense’ Clampdown on Crypto-themed MLM Fraud

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

Here Are the Ways Governments Could Attack Bitcoin – and None of them Sound Hot

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

Yellen on Bitcoin, NFTs Score Another Million + More News

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

South Korean Crypto Exchanges Face New Hurdle as Legal Deadline Looms

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

Kiss Star Simmons Turns into Cardano’s Dr. Love, Denies Shilling ADA

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,”

Bitcoin Is a Sideshow & a Poor Hedge, but It’s Mainstream – JPMorgan

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

BitMEX Founder Arthur Hayes Returns to Tout The Crypto Game

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

Bank Account Data May Indicate a Rise in South Korean Crypto Activity

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.

Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD – Researcher

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

N America’s First Bitcoin ETF Booms, Nvidia’s Surprise To Ethereum + More News

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,

Crypto Traders Might Find Familiar Playbook In GameStop Hearing Today

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

Robinhood Suspected To Be a Dogecoin Whale As It Plans New Crypto Services

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

DDoS Attacks Slow as Botnet Operators Turn to Crypto Mining – Kaspersky

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

NFTs Gaining Traction Around the World as Key Milestone Is Met

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

BlackRock ‘Dabbles’ In Bitcoin, CBDC Card, Ethereum Futures + More News

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

Another Chinese Giant Enters Bitcoin and Ethereum Mining

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

Listed German Cannabis Firm to Buy Bitcoin, Slates Euro and USD

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

South Korean Blockchain-powered Local Stablecoins Set for Another Boost

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

New Bitcoin ETF Attempt, Diem’s Move, Ripple vs. SEC + More News

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

Tesla Board Member’s Crypto ‘Conflict of Interest’ May Blight Bitcoin Buy

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