Digital

Are Institutions Already Over The Bitcoin Digital Gold Narrative?

Bitcoin trades at $36,786 and records profits in the 7-day chart, after two consecutive weeks of losses. In the 30-day chart, BTC still has a 32.3% loss. The price action painfully moves higher in the current range, but without conviction from the bulls. BTC trends downwards in the daily chart. Source: BTCUSD Tradingview The crypto […]

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Digital bank Anchorage offers Ethereum-backed loans to institutions

Institutional investors can get USD on credit without liquidating their ETH. Crypto custody bank Anchorage Digital is expanding its services into crypto-backed loans for institutional investors. Clients at Anchorage can now access a line of USD credit backed by Ethereum through its partnership with U.S. commercial bank BankProv. Anchorage Financing will introduce a simple way […]

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Digital Currency Group backs South Korean crypto exchange operator

Streami, the company behind the popular GOPAX exchange, has received direct funding from Digital Currency Group. Digital Currency Group, the venture capital firm behind some of the biggest companies in blockchain, has become the second-largest shareholder of Streami, a leading cryptocurrency exchange operator in South Korea.  Barry Silbert, founder and CEO of Digital Currency Group, […]

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Analysis: China digital currency trials show threat to Alipay, WeChat duopoly

Published by Reuters Shanghai – In China’s commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with a payment alternative to Alipay and WeChat Pay. The banks are persuading merchant and retail clients to download digital wallets […]

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Bit Digital, Compute North Partner To Drive Sustainable Bitcoin Mining

Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining. Bit Digital, one of the largest bitcoin mining companies in North America by hash rate, is expanding its operations by colocating in Compute North facilities, adding an additional 40 megawatts of hashing power with 13,000 new ASIC miners […]

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German digital stock exchange will list physical Litecoin ETP

The group already has Bitcoin and Ether ETPs listed on the Deutsche Börse Xetra. London-based ETC Group, the firm responsible for listing the first crypto exchange-traded product on Germany’s Xetra digital stock exchange, will offer a new listing for Litecoin. In an announcement today, the ETC Group said its physical Litecoin exchanged-traded crypto, under the […]

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Galaxy Digital Seeking to Launch Bitcoin ETF in the U.S.

Galaxy Digital, a digital assets investment management firm, has become the latest company to file for a Bitcoin exchange-traded fund (ETF), with the U.S. Securities and Exchange Commission (SEC). Galaxy Digital Files for Bitcoin ETF In a Form S-1 published on Monday (April 12, 2021), Mike Novogratz’s Galaxy Digital stated its intention to launch a […]

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Why Bitcoin could favor USD dominance over Digital Yuan

Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U.S. dollar over China’s digital Yuan. According to McGlone, the cryptocurrency is “eclipsing” Yuan’s global adoption. Specifically, the U.S. dollar is showing “organic adoption” in the digital ecosystem, […]

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April Fools’ Day Facts and Pranks on Bitcoin and Other Digital Assets

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The Trojan Horse: Bitcoin is “Just” Digital Gold

Bitcoin’s comparison as “merely” digital gold demonstrates that legacy financial bureaucrats are in for a rude awakening. Early on Monday morning, March 22, during the Bank of International Settlement’s Innovation Summit, Federal Reserve chair Jerome Powell had this to say about bitcoin or, in his words, “crypto assets”: “Crypto assets are highly volatile — see […]

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Digital Silver: Why Litecoin Is Poised To Bounce Versus Bitcoin

Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest […]

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Galaxy Digital Is Launching A Canadian Bitcoin ETF Tomorrow

A bitcoin ETF managed by Galaxy Digital expects to go live in Canada tomorrow. As filings for the first approved bitcoin exchange-traded fund (ETF) in the U.S. pile up, CI Global Assets Management (CI GAM) has announced that its bitcoin ETF will hit the Toronto Stock Exchange (TSX) this week. The announcement indicated that the […]

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Galaxy Digital Leverages Blockstream Facilities for Bitcoin Mining Operations

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Huobi Digital Asset Management to Launch Bitcoin and Altcoins Fund

Huobi Asset Management is set to launch a bitcoin (BTC) tracker fund, an Ether (ETH) tracker fund, and a multi-strategy digital asset fund, after successfully gaining the approval of the Hong Kong Securities and Futures Commission (SFC), according to reports on March 4, 2021. Huobi Rolling Out Fresh Crypto Funds With the global cryptocurrency markets […]

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Chart Comparison Demonstrates Effectiveness Of Bitcoin Digital Gold Narrative

2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you are about to see […]

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BNY Mellon Stipulates Plans to Hold, Issue and Transfer Bitcoin and Other Digital Assets Later This Year

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Mark Cuban: Bitcoin (BTC) is a Digital Store of Value

Bitcoin and crypto Twitter has been ablaze over the past few weeks as Mark Cuban, a billionaire investor, has continued to dabble in the space. Cuban is best known for his role as a Shark on “Shark Tank” and as the owner of the Dallas Mavericks. The American investor recently started to increase his exposure […]

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Bitcoin Is The Only Investment-Grade Digital Asset

Underlying Source Every four years or so, bitcoin’s seemingly cyclical nature rears its head and the rise of another bull market begins. There are headlines across mainstream media outlets boasting massive price action, and droves of people start coming out of the woodwork to claim that they have been long on bitcoin for years! However, […]

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Hut 8 Partners With Foundry Digital To Secure 475 PH/s In Bitcoin Mining Capacity

Hut 8 Mining Corp. has announced a partnership with financial services firm Foundry Digital to secure $11.8 million in financing, which it will put toward 5,400 new MicroBT Whatsminer M30S mining rigs, adding 475 petahashes per second (PH/s) to its mining capacity over the next six months.  The financing is structured as a 12-month term […]

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What Does The Digital Yuan Mean For Bitcoin?

The Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on ICOs, exchange platforms that traded cryptocurrencies or provided facilitation services were also ordered to be closed. This made the task of purchasing bitcoin almost impossible […]

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Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations

Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.

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Thailand’s Stock Exchange Excludes Cryptos from Upcoming Digital Asset Exchange Platform

Thailand’s stock exchange is preparing to launch a new trading platform that would not include cryptocurrencies. Crypto Exempted From SET’s Planned Trading Platform According to the Bangkok Post on Wednesday (Jan. 20, 2021) the Stock Exchange of Thailand (SET) announced plans to launch a digital assets trading platform. The upcoming platform will include different tokens […]

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Bitcoin Miner Bit Digital Hits Back at ‘False Accusations’ of Fraud

The company shed $130 million in value after J Capital’s report.

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