Category: Blockchain

Bitcoin (BTC) is currently falling by the biggest percentage amongst the top ten cryptocurrencies, paring off the gains accrued over the weekend. At the time of writing, the first-ever digital currency was changing hands at $40,275.43, down 3.62% in the past 24 hours, according to data from CoinMarketCap. The rise and fall in the price of

Bank of America, a leading US-based multinational investment bank, acknowledged that Bitcoin (BTC) could trigger a progressive digitalisation of the financial system, translating to more money for workers in El Salvador. Per the announcement: “Bank of America reports Bitcoin could mean more money for workers, a progressive digitalization of the financial system, greater consumer

The Singapore-based digital financial service platform Matrixport led by Wu Jihan, the co-founder of the world’s top Bitcoin mining machine provider giant Bitmain, raised $100 million in Series C financing. The company’s market value will exceed $1 billion after completing this financing, joining the ranks of cryptocurrency enterprise unicorns. Reportedly, the C round of financing was

Global Payment Platform PayPal speeds up to develop its crypto business. The company is seeking more crypto talent to join its team in Ireland, according to local media coverage Sunday. The digital-assets market is on the rise and develops rapidly. Payment PayPal is actively expanding its talent bank for talent acquisition by recruiting serval crypto-related

Zodia Custody has announced that it has obtained approval from the UK regulator (Financial Conduct Authority – FCA). SC Ventures, the innovation and ventures unit of Standard Chartered and Northern Trust Corporation, launched Zodia Custody in 2020 in response to the rising number of institutions making their entry into the digital asset market. Based on

Global payment provider PayPal Holdings Inc. revealed the company is planning to develop the next market in The United Kingdom to provide its crypto trading services. Following up the news coverage on Wednesday, more details to reveal PayPal’s upcoming development in the cryptocurrency business. In response to questions from the analyst of Barclays Investment Bank

The International Monetary Fund (IMF) has unveiled the role it has to play in helping to court the rapid advancement in digital money around the world. Per a Reuters report, drawing on a Public Policy paper published by the Fund on Thursday, the IMF acknowledges the positive impacts all forms of digital money, including Central

Large investors are continuously showing interest in having a share of the crypto sector cake. As a result, fundraising by crypto companies has seen a surge in valuations as more prominent players push prices upwards. Crypto deals experiencing an uptick in price According to PWC Crypto Leader Henri Arslanian: “Boutique firms and family offices

The Custom authority of Finland has announced that it is looking to hire brokers to sell 1,981 Bitcoins seized from illegal drug dealer networks to convert them into fiat currency. At the time of writing, the bitcoins in question are worth about $79 million and currently are held by Finnish Customs. Pekka Pylkkanen, the director

The latest surge in the crypto market has made Ethereum’s perpetual swaps open interest to increase, as disclosed by IntoTheBlock. The data analytic firm explained: “Ethereum’s Perpetual Swaps Open Interest just reached the highest number since May 19. As Open interest increases with the price of ETH, it points to more longs being opened.