Category: Blockchain

Ethereum (ETH) has enjoyed a remarkable bull run, which has seen its market capitalization go through the roof to hit above $450 billion. As a result, the second-largest cryptocurrency is more valuable than PayPal,  Home Depot, Bank of America, and Walt Disney.  This upward momentum is making Ether-Bitcoin implied volatility spread to rise, as acknowledged

US Treasury Secretary Janet Yellen has announced her intent to appoint Federal Reserve bank regulator, Michael Hsu, as the acting Comptroller of Currency. Currently, Hsu serves as an associate director of the Federal Reserve’s bank regulation and supervision division. The US Treasury Secretary will appoint Mr Hsu to fulfill the role of Deputy Comptroller first

Cryptocurrency is taking another step towards mainstream adoption as prominent US banks are rushing to offer crypto services to customers. According to the Financial Times, Citi Group is planning to enter the crypto space. The multinational investment bank appears to be in the early stages as it has not decided on specific crypto services it

San Francisco-based Nasdaq-listed auto insurance company Metromile Inc has joined the growing list of companies building the ecosystem around Bitcoin and cryptocurrencies in general. As reported by Forbes, the company is set to begin accepting cryptocurrency payments from its policyholders while it also asserted its plans to pay out digital currencies when claims are made. While

EOS, a platform that is designed to allow developers to build decentralized apps with its native token “EOS”, has seen its token rise for three consecutive days by 110%. Yesterday, EOS broke the psychological barrier of $10 yesterday.  This rise may be related to the new project EOS’ parent company Block.one is currently exploring. According to sources familiar with

Arte by Antonio Citterio, a high-end luxury condominium located in Miami,  announced that it will now accept cryptocurrency as a payment method for new residential developments and purchases of exclusive condos. The Arte, the most exclusive boutique condo in Miami’s Surfside neighbourhood, is also home to many celebrities such as Ivanka Trump and fashion blogger Arielle Charnas. Among the luxury homes offered

Gary Gensler, the newly appointed chairman of the US Securities and Exchange Commission, has requested that the US Congress make some major decisions regarding cryptocurrency regulation.  The SEC chair addressed this during a hearing hosted by the House Financial Service Committee, where market volatility surrounding the GameStop stock price jump witnessed early this year was discussed.

The National Bank of the Republic of Kazakhstan (NBRK) is set to launch a public consultation for its proposed digital tenge currency, the nation’s official Central Bank Digital Currency (CBDC). As detailed by the NBRK, the development of the digital tenge will take a two-tier structure in which the apex bank will provide the infrastructure

Amid the ongoing legal battle with the Securities and Exchange Commission (SEC), Ripple has reported a solid first quarter. Per its earnings report, Ripple recorded a 97% increase in XRP sales for Q1. Despite the lawsuit of the SEC over XRP being an unregulated security in the United States, Ripple’s net sales went from $76.27

Square Inc. has announced a $3.51 billion in Bitcoin revenue during the first quarter of 2021, which is an increase of more than 11 times over the same period last year.  The digital payment firm released its earnings report for the first quarter of 2021 yesterday. “Cash App generated $3.51 billion of Bitcoin revenue and