Crypto Wallets: Custodial vs. Non-Custodial Wallets
You have two options to store your cryptocurrency: a custody wallet or a non-custody one. This decision will depend on what type of storage is most appropriate for various purposes, such as security and convenience. With a non-custodial wallet, you always maintain full custody of your private keys and can prove they are yours. You […]
Top NFT Tokens to Buy Today
Top NFT Tokens to Buy Today Any of these NFT Tokens can make investors’ money in 2022 NFTs have gained in adoption recently, which is creating a lot of hype around NFT tokens. Investor interest in NFT tokens has also been triggered by the ongoing rally in ApeCoin, the cryptocurrency that is linked to the […]
Congress greeted crypto executives with curiosity and encouragement
Six crypto executives from leading organizations in the space went to Washington to testify on the rapidly growing industry. The executives were Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, Bitfury CEO Brian Brooks, Paxos CEO Chad Cascarilla, Stellar Development Foundation CEO Denelle Dixon, and Alesia Haas, the CFO of Coinbase Global. While a part […]
Metaverse land sales gross $100M in a week and other key events in the crypto
The crypto-verse comprised notable events in the past week. First came a prolonged bear trend that saw the entire crypto bleed significantly. Triggered by multiple factors, including fears of the new Omicron COVID strain, this bear market saw BTC plunge from over $59,000 to trade as low as $42,874.62. The bearish sentiment also extended into […]
Facebook pulls back from its crypto ad ban to foster more growth
Facebook has walked back on its decision to ban crypto advertisement on its platform. Meta, Facebook’s mother company, unveiled this news on December 1, noting that this decision comes after expanding the number of regulatory licenses it accepts. Reportedly, this change of heart comes as the firm believes the crypto space has continued maturing and […]
India’s new crypto regulation bill moves to ban private digital assets
India is back at it with crypto after its government said it would introduce a new bill to regulate digital currencies in the Winter session of Parliament. A report unveiled this news on November 24, noting that this bill will effectively call for the banning of most private cryptocurrencies. However, the bill will exempt specific […]
Shiba Inu’s team warns the community to beware of scammers
The team behind Shiba Inu (SHIB), a meme token that seeks to kill Dogecoin (DOGE), has warned investors to beware of an ongoing SHIB-related scam. The scam alert came in the form of a tweet on November 21, noting that malicious actors have been propagating the scam on multiple social media platforms. Specifically, the fraudsters […]
Fidelity becomes Canada’s first institutional Bitcoin (BTC) custodian
Fidelity Investments, a renowned financial services company, has unlocked another milestone. The company’s subsidiary, Fidelity Clearing Canada, has won the regulatory approval of the Investment Industry Regulatory Organization of Canada (IIROC) to launch the first institutional BTC custodial service in Canada. According to the report, Fidelity Clearing Canada will enable Canadian pension funds, mutual funds, […]
BoE’s Jon Cunliffe says Bitcoin poses a massive risk to financial stability
Sir Jon Cunliffe, the Deputy Governor of the Bank of England (BoE), has come out to bash crypto again, saying the sector poses an increasing risk to financial stability. Cunliffe shared his opinions during an interview with BBC Radio 4’s Today Programme, saying regulators are monitoring digital assets that have soared in popularity and price […]
Crypto.com and AEG ink a $700M deal to rename Staples Center
Hong Kong-based Crypto.com has signed a deal with Anschutz Entertainment Group (AEG), the owner of the Staples Center, to rename the 20,000-seat stadium Crypto.com Arena. A report unveiled this news earlier today, noting that the crypto platform parted with $700.00 million to secure naming rights to the arena. Reportedly, this is the largest naming right […]
SEC stops American CryptoFed from registering its two tokens
The US Securities Exchange Commission (SEC) has blocked the registration of two digital tokens by Wyoming-based American CryptoFed. A report disclosed this news on November 10, noting the regulator claims the company published insufficient and misleading information on their registration form. According to the report, the SEC’s response comes after the company submitted the registration […]
Miami mayor says city residents will get dividends from MiamiCoin
Miami mayor Francis Suarez has disclosed that Miami intends to become the first city in the US to offer its residents dividends in Bitcoin (BTC). He shared this bullish information during an interview on November 11, saying Miami will obtain funds to finance this initiative from its cryptocurrency, MiamiCoin (MIA). In the interview, Mayor Suarez […]
Game over for SQUID investors as the coin crashes from $2.8K to $0.01
Squid Game (SQUID), a relatively new crypto project inspired by Korean hit series on Netflix, has crashed in what is one of the most high-profile collapses in the crypto space this year. A report unveiled this news earlier today, noting that the coin surged as high as $2,861.80 on November 1 before collapsing to zero […]
Robinhood’s stock tanks following a drop in crypto trading
HOOD, the stock of American financial services firm Robinhood, plunged by approximately 8% in after-hours trading on Tuesday after the trading platform’s revenue tanked due to light crypto trading. A report unveiled this news earlier today, citing the firm’s earnings call, which disclosed that its crypto trading revenue fell to $51 million in Q3 2021, […]
SHIB holds gains despite Elon Musk saying DOGE is the people’s crypto
Shiba Inu (SHIB), a Dogecoin (DOGE) offshoot, has, once again, made headlines after its bullish performance over the weekend. The canine-themed cryptocurrency surged past $0.00003 and traded higher than $0.00004, entering the top-15 list of leading cryptos by market capitalization. The coin has since held on to this position. According to CoinMarketCap, SHIB’s ascent started […]
Bitcoin sets new ATH; Triggers Pimco to consider trading cryptos
Bitcoin (BTC), the largest crypto by market capitalization, has surged to new heights after the ProShares Bitcoin Strategy ETF listed on the New York Stock Exchange (NYSE). The digital asset opened this week changing hands at $61,548.80 and surged to revisit the $64,000 level on October 19, the day of the ETF’s listing. The ETF, […]
BTC’s market cap peaks at $1.211T as the price approaches its ATH
Bitcoin (BTC), the largest cryptocurrency by capitalization, has unlocked another milestone after breaching past its initial market cap all-time high (ATH) of $1.206 trillion. The digital asset achieved this feat yesterday after its capitalization swelled to $1,211,242,526,571. At the time of writing, BTC’s market cap has had a slight downward correction from its peak to […]
Analysts stand divided on how BTC will fair after ProShares’ ETF launches
Bitcoin (BTC) has been making moon shots on expectations that the US Securities Exchange Commission (SEC) will approve ProShares BTC futures exchange-traded fund (ETH). With the regulator giving the company the go-ahead to launch the ETF today, analysts are conflicted on whether the flagship cryptocurrency will continue trending higher or crash once again. Some analysts […]
Bitcoin surges on expectations of the SEC approving two ETFs
Bitcoin (BTC) has been on a bullish streak as the deadline for the US Securities Exchange Commission (SEC) to rule on two applications for exchange-traded funds (ETFs) tied to BTC futures inches closer. With rumors that the regulator might approve both applications doing rounds online, the largest cryptocurrency by market capitalization has gained 2.82% in […]
Unknown user pays a 123 ETH commission and other key events in the crypto space
The crypto market has been eventful this week with a new rally sending Bitcoin (BTC) past $59,000. At the time of writing, the flagship cryptocurrency is trading at $59,039.32 after a 2.36% change in 24 hours. The altcoin market has also followed suit, with Ethereum (ETH), the second-largest cryptocurrency by capitalization, gaining 3.29% over the […]
