Category Archive: Cryptocurrency, No picture
NYDIG Launches Bitcoin Trading for 650 U.S. Banks
Key Takeaways NYDIG is partnering with digital payment giant NCR to create a mobile app where U.S. bank customers can buy cryptocurrencies. More than 650 banks have already agreed to link to the platform as they see massive outflows to cryptocurrency exchanges. The assets will be kept in custody by digital asset manager NYDIG. Digital […]
Was the Dfinity Team Responsible for ICP’s 95% Crash?
Key Takeaways Dfinity’s native token ICP dropped 95% from its highs in the space of a few weeks. Independent research from Arkham reveals that the Dfinity Foundation may have dumped tokens on retail while blocking early investors from selling. The founders have denied the allegations and blamed market euphoria and a general correction in crypto […]
YouTuber Sent Dogecoin to Space In Elon Musk Tribute
Key Takeaways YouTube channel host Reid Williamson launched a novelty Dogecoin token into the atmosphere this week. Williamson used a weather balloon, a tank of helium, and a GPS tracker to carry out the launch of the coin. The project was a tribute to SpaceX CEO and Dogecoin proponent Elon Musk, who celebrated his 50th […]
Coinbase to Start Offering 4% Yield on USDC
This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. Coinbase will launch a new savings product on its platform offering 4% APY on USDC. Coinbase Rolls Out 4% Yield Coinbase is offering 4% yield on USDC through its new savings product, the exchange announced Tuesday. In the announcement, the company states […]
Tom Brady, Gisele Bündchen Back FTX Exchange
Key Takeaways Tom Brady and Gisele Bündchen will become stakeholders in the cryptocurrency exchange FTX. Brady has been particularly vocal about his interest in crypto, recently adopting the laser eyes trend for his Twitter profile picture. FTX has engaged in several major partnerships in recent months as the firm attempts to break into the mainstream. […]
Ethereum Analytics Firm Nansen Completes $12M Raise
This news was brought to you by ANKR, our preferred DeFi Partner. Ethereum analytics firm Nansen has raised $12 million in a Series A funding round led by Andreessen Horowitz. Nansen Partners with a16z Nansen has completed its second funding round in less than a year. The blockchain analytics firm announced it had secured a […]
Compound Soars 23% on Treasury Account News
Key Takeaways Compound is up 23.4% in the last 24 hours following the announcement of its new Treasury product. The Treasury will offer a fixed 4% interest rate on cash deposits made with wire transfers. It’s aiming to help traditional businesses earn from DeFi yields without directly using cryptocurrencies. This news was brought to you […]
Erik Voorhees Bets on Ethereum DEXs, THORChain
Key Takeaways ShapeShift has gone from a centralized exchange to adopting a full DEX aggregator model. The platform has aggregated various Ethereum DEXs and cross-chain trading via THORChain. Since launching its DEX offering in Jan. 2021, Voorhees says there has been a surge in activity on the platform. This news was brought to you by […]
Cathie Wood’s ARK Invest Plans Bitcoin ETF
Cathie Wood’s ARK Invest enters the Bitcoin ETF race. ARK Invest Plans to Diversify Its Offerings ARK Invest is planning a Bitcoin ETF in partnership with 21Shares. The news came out in a Monday S-1 filing with the Securities and Exchange Commission (SEC). The proposed ETF will give ARK Invest customers direct exposure to Bitcoin […]
Morgan Stanley Reveals Stake in Grayscale Bitcoin Trust
Morgan Stanley’s Europe Opportunity Fund has disclosed a 28,000 GBTC stake in Grayscale’s Bitcoin Trust. Morgan Stanley Details Crypto Exposure According to a filing with the Securities and Exchange Commission (SEC), Morgan Stanley’s Europe Opportunity Fund has purchased a significant amount of shares from the largest asset manager in cryptocurrency, Grayscale. In April, another filing […]
