Chinese firms appear to have become emboldened – and increasingly eager to clamber on board the crypto bandwagon – with 500.com, one of the nation’s biggest sports lottery firms, planning to rename itself with a distinctly crypto-sounding name: BIT Mining. The company, which is listed on the New York Stock Exchange, also stated in a…
Read more
The so-called Grayscale effect might be waning, as both bitcoin (BTC) and ethereum (ETH) are rallying while these two most popular cryptoassets are leaking from Grayscale’s trusts. In the past 7 days, BTC 211 (USD 11.4m) and ETH 781 (USD 1.4m) left the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (GETH), respectively. In the…
Read more
Bitcoin price started a steady increase after it settled above the main USD 50,000 resistance. BTC even broke the USD 52,000 resistance and gained over 5%. It is currently (05:00 UTC) showing positive signs, possibly moving towards USD 55,000 and USD 55,800. Similarly, most major altcoins started a fresh surge. ETH rallied above the USD…
Read more
Shares in the Hong Kong-based app maker Meitu surged as markets opened in Asia by over 14%, before correcting slightly, after news that the company had made a USD 40m investment in bitcoin (BTC) and ethereuem (ETH) – a first known investment for major companies in the region. Per market data, the Hong Kong Stock…
Read more
South Korean Crypto Fever 2.0 is showing no signs of slowing, with miners returning to the fray – and conventional investment experts claiming that crypto has become “essential” for portfolio holders in their 20s-30s. As previously reported, the operators of PC gaming rooms (PC bang in Korean) across the country have turned to crypto mining…
Read more
Online payments giant PayPal said it has agreed to acquire Curv, an Israel-based crypto custodian, in an effort to expand its crypto offerings. PayPal did not provide any further details about the deal. Curv was founded in 2018 by CEO Itay Malinger and CTO Dan Yadlin. "Now, as the adoption of digital assets accelerates, we…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news US-based NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, said it raised USD 200m in a growth capital round led by Stone Ridge, Morgan Stanley, New…
Read more
Bitcoin price started a downside correction from the USD 51,850 zone. BTC dipped below the USD 50,000 support zone, but the bulls were active above the USD 49,200 zone. It is currently (12:30 UTC) above USD 50,000 and it still might move higher. Similarly, most major altcoins are trading above key supports. ETH corrected lower…
Read more
Source: Adobe/Patange_R As India’s Finance Minister and a member of the Lower House of Parliament both gave encouraging statements over the past weekend, local crypto industry players want to have a bigger role in shaping the regulatory landscape. The news came from India, as on March 5, as the country’s Finance Minister Nirmala Sitharaman said…
Read more
US investment banking giant Goldman Sachs sees rising demand for bitcoin (BTC) not only among institutional investors, but also in the private wealth management industry. (Updated at 13:26 UTC with a tweet and additional comments on corporate investments.) “I think it’s pretty fair to say that all of our institutional client discussion is really focused…
Read more
