Search Results for: Holdings

Bitcoin Hashrate Has Almost Completely Recovered after Dropped by 93%

After experiencing a rocky weekend where lows of $42K were hit, Bitcoin (BTC) has back above the psychological price of $50,000. The leading cryptocurrency was standing around $50,429 during intraday trading, according to CoinMarketCap. Both ups and downs have characterized Bitcoin’s twelve-year journey, given that it has at times been pushed against the wall. Bitcoin’s … Continue reading Bitcoin Hashrate Has Almost Completely Recovered after Dropped by 93%

Binance Withdraws S'pore Bourse Application, Closing Local Trading Platform by Feb

Binance Asia Services Ltd has withdrawn its application for a local license to run a bourse in crypto-friendly Singapore following by shutting down its trading platform. The unexpected move by the Singapore affiliate of the world’s largest cryptocurrency exchange ended an effort that started last year to win approval from Singapore’s authorities. The company will … Continue reading Binance Withdraws S'pore Bourse Application, Closing Local Trading Platform by Feb

CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%

Based on the technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them, as cited by CNBC Millennial Millionaire Survey findings. The study noted that millennials had higher levels of cryptocurrency portfolio holdings than baby boomers, with 83% of millennial millionaires owning digital assets. Furthermore, 48% of them expect … Continue reading CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%

Bitcoin’s Institutionalization Increases 4-Fold to Hit Weekly Average of $1.9T

Since institutional investments started trickling into the Bitcoin (BTC) network, the leading cryptocurrency has prompted exponential growth. Market insight provider IntoTheBlock confirmed: “Bitcoin’s institutionalization: Large transaction volumes act as a proxy to institutional and “whales” activity. The aggregate volume transferred in transactions of over $100k increased by a factor of 4 from an average of … Continue reading Bitcoin’s Institutionalization Increases 4-Fold to Hit Weekly Average of $1.9T

Cryptocurrency Firms Starting to See Singapore as Unhospitable, Nikkei Says

Cryptocurrency companies that were attracted to Singapore for their crypto-friendly stance have begun to realise the difficulty of legally operating in the city-state, Nikkei Asia reported. According to figures released by Singaporean regulators, more than 100 of around 170 cryptocurrency businesses that applied for licensing have been turned down or withdrawn their applications. While many … Continue reading Cryptocurrency Firms Starting to See Singapore as Unhospitable, Nikkei Says

New Wave of Green Energy Programs Influence Crypto Mining Sector

Since the mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.  This is founded on ongoing projects by Bit Digital, Bitfarms, Marathon Digital Holdings, Riot Blockchain Inc., and EV Battery Technologies.   With 27,744 crypto miners under its watch, The U.S.-based Bitcoin … Continue reading New Wave of Green Energy Programs Influence Crypto Mining Sector

Kraken Exchange Acquires Non-Custodial Staking Platform Staked

In what stands as its fifth acquisition for the year, the Kraken trading platform has acquired Staked, a non-custodial staking platform for an undisclosed sum. As announced by Kraken, the acquisition is arguably one of the largest acquisitions in the digital currency ecosystem to date and will help Kraken expand its currently established custodial staking … Continue reading Kraken Exchange Acquires Non-Custodial Staking Platform Staked

NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing

Focusing on using NFT as loan collateral, Arcade raised US$15 million in Series A financing which was led by Pantera Capital, Castle Island Ventures, and Franklin Templeton Blockchain Fund. The purpose of Series A financing is to incentivize the participation of institutional investors to support the NFT field. Arcade is a platform that supports NFT as … Continue reading NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing

Chinese State Media Agency Xinhua to Issue First News NFT Collectables

Amid the strict restriction of cryptocurrency activities in China, Chinese state media agency Xinhua will issue its first news non-fungible tokens (NFT) collection on Friday at 8 p.m. Per the announcement from the news agency on Wednesday, this is the first international edition news collection, free to access to the public. The official website reveals … Continue reading Chinese State Media Agency Xinhua to Issue First News NFT Collectables

Adam White Reveals to Depart from Bakkt

Adam White, president of U.S. Institutional Exchange Bakkt, posted an official Twitter on December 23, stating that next week will be his last time at Bakkt. Adam White has worked at Bakkt for more than three years. Since he joined Bakkt in 2018 after he left Coinbase, he has held key positions as Bakkt-chief operating … Continue reading Adam White Reveals to Depart from Bakkt

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