Bitcoin

Bankrupt digital asset lender BlockFi has filed a court petition requesting permission to convert the Trade Only assets of its users to stablecoins, thus allowing the withdrawal of these tokens. This development marks the company’s latest effort to repay its creditors. BlockFi Moves To Grants Users Access To Trade Only Assets According to BlockFi’s petition, the Trade-Only assets are not …

Robinhood Wallet, the popular multi-chain, self-custody, Web3 wallet, has introduced new features to meet the demands of its growing user base. In response to user feedback, Robinhood Wallet now supports Bitcoin (BTC) and Dogecoin (DOGE), allowing users to custody, send, and receive these cryptocurrencies.  Additionally, the platform has enabled on-app swaps on the Ethereum (ETH) network, with select users gaining …

Back in 2021, the decentralized finance (DeFi) space experienced explosive growth which led to a rapid rise in total value locked (TVL). The TVL would continue to grow into 2022 and maintain a decent level even through the initial bear market triggered by the Terra collapse. However, the glory days are long over now and the DeFi TVL is barely …

On-chain data shows the Bitcoin sharks and whales added to their holdings right before the latest rally in the asset’s price occurred. Bitcoin Investors Holding Between 10 to 10,000 BTC Bought Ahead Of Rally According to data from the on-chain analytics firm Santiment, the large BTC holders scooped up a significant amount of the asset before the news of Grayscale’s …

Jamaica’s quest for digital financial transformation is gaining momentum, and its homegrown Central Bank Digital Currency (CBDC), Jam-Dex, is at the heart of this change. Recent developments suggest that the transportation sector, particularly bus and taxi drivers, is looking to leverage the benefits of Jam-Dex. Such an inclination points towards a larger narrative: Jamaica’s aggressive push for a more digitized …

On Tuesday, the United States Court of Appeals for the District of Columbia Circuit granted Grayscale a significant win over the SEC by revoking the SEC’s foregoing order to turn the GBTC into a Bitcoin Spot ETF. However, Grayscale’s victory over the Securities and Exchange Commission (SEC) was no surprise to some crypto stakeholders as they foresaw the company’s victory …

Data shows the crypto futures market has seen a large amount of liquidations on Wednesday as Bitcoin has registered a sharp surge. Crypto Liquidations Total At $170 Million During Past 24 Hours On Tuesday, August 29, news broke out that Grayscale has emerged victorious against the United States Securities and Exchange Commission (SEC) in its lawsuit. Bitcoin enthusiasts have long …

Stablecoin company Circle seems to be making good strides in its goal of global USD Coin (USDC) adoption, having struck a new partnership deal with Mercado Pago, the “largest fintech company in the Latin American (LATAM) region”.  This payment platform is a subsidiary outfit of retail giant Mercado Libre, which Circle CEO Jeremy Allaire referred to as “the Amazon of …

Ethereum (ETH) stands poised to reign supreme in what analysts are calling the “upcoming stablecoin wars.” Bloomberg Intelligence crypto market analyst, Jamie Coutts, has confidently predicted the cryptocurrency’s victory, citing its expansive ecosystem and notable performance across crucial network-adoption metrics.  Coutts, an authoritative voice in the crypto landscape, conveyed his insights on the matter through the social media platform X …

Another significant crypto entity scored a victory in the US legal system as Ethereum-based crypto exchange Uniswap won a class action. The legal battle was fundamental for the platform as it could have set a dangerous precedent for the nascent industry. Uniswap Scores Victory And Draws Important Line For DeFi Nessa Risley, James Freeland, Robert Scott, and others filed the …

Amid regulatory scrutiny and potential legal repercussions, Binance moves forward with its developmental processes by launching a new crypto-to-cash bank service in Latin America.  Binance Launches “Send Cash” In Latin America Binance, the world’s leading crypto exchange has shocked the industry after announcing the launch of a new crypto-to-bank payment platform, Send Cash in nine countries in Latin America.  According …

SEBA Bank, a Switzerland-based crypto-focused bank, has secured an in-principal license to offer crypto services in Hong Kong. SEBA’s Hong Kong unit announced this achievement on August 30. The Securities and Futures Commission (SFC) license allows the bank to offer over-the-counter crypto derivatives and other products in Hong Kong. Also, SEBA Hong Kong said it would provide virtual assets investment …