Report: Crypto Bear Subdued, Accumulation Grows

Digital assets fund manager Adamant Capital has published a new report which gives fresh evidence that the cryptocurrency winter is slowly giving way to a crypto spring, with the crypto bear market now approaching its final stages. This phase, according to the report, should now usher in Bitcoin to within the USD 3,000 to USD […]

Russia Adopts Law to Divorce Runet from Internet

The Russian segment of the internet, called Runet, is about to be cordoned off from the rest of the world, with a new law recently adopted by the State Duma to protect online Russia from external threats and transform it into a “sovereign” space. A report says that taxpayers and end users will foot […]

China Firm Mines Bitcoin Secretly, End up Losing $23 Million

A Chinese company has sold off its subsidiary at only 10% of the original valuation after suffering losses from suspected secret cryptocurrency mining activities amounting to some USD 23 million. Huatie HengAn, the subsidiary of listed Chinese company Huatie, was reported by local media outlet 8BTC as having been sold for USD 2 million. Just […]

CFTC Commissioner Says Sheer Pace of Fintech Has Stalled Bakkt Type Approvals

CFTC Commissioner Christopher Giancarlo believes that the current period of innovation makes it challenging to approve proposals like Bakkt. The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates futures and options markets. Bakkt had promised prospective clients it would request permission from the CFTC […]

Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

US cryptocurrency exchange giant Coinbase is to add 11 new markets in Latin America and Southeast Asia as part of its current global expansion programme. This is hot on the trail of its expansion in the UK market seeing revenue growth of 20% to USD 173 million, and the recent announcement of its new Coinbase […]

Study Says Lone “Committed Actor” Responsible for April Bitcoin Surge

Study Says Lone "Committed Actor" Responsible for April Bitcoin Surge

Fresh research by crypto analytics firm CoinMetrics has added to speculation that the sudden hike in Bitcoin price in early April, that prompted the current revival of the cryptocurrency market, is all down to the actions of a single trader. According to the company, among the many theories surrounding the event, one of the most […]

John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee’s explanation for his USD 1 million Bitcoin price by the end of 2020 is all down to mathematics, according to the high flying tech mogul. A recent McAfee Tweet offering to the market suggested that it would be “mathematically impossible” that one BTC will be less than USD 1 million “by the end […]

Bakkt Gets Creative with NY Crypto License

Bakkt Gets Creative with NY Crypto License

The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is attempting to facilitate the launch of its delayed Bakkt platform by obtaining a New York cryptocurrency license to seemingly bring about a more favorable outcome, according to Bloomberg’s report. The much-lauded physically delivered Bitcoin futures platform – Bakkt – which is expected to […]