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“# Tesla expects to begin accepting Bitcoin for payment ” Elon Musk’s Tesla Motors is following in the footsteps of MicroStrategy and other companies by allocating part of its balance sheet to Bitcoin (BTC). In Monday’s filing with the Securities and Exchange Commission, the company announced it had purchased an aggregate of $1.5 billion in…
“# Coinsquare launches Quick Trade mobile app with instant funding ” Coinsquare, the Toronto-based digital currency platform, has announced a new mobile trading application designed to simplify the buying and selling of cryptocurrencies in Canada. Quick Trade was officially unveiled Monday, allowing commission-free transactions of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BTC)….
“# Major Malaysian financial firm to invest in regulated crypto exchange ” Kenanga Investment Bank Berhad, one of the largest financial services companies in Malaysia, is moving into the cryptocurrency industry with a new investment. According to an official Feb. 8 announcement, Kenanga has entered into a conditional agreement to acquire a 19% equity stake…
“# Billionaires pushing crypto: Mexico’s third-richest person changes Twitter bio to include Bitcoin ” Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media. The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend…
“# Time to shine? Crypto should be given a chance after GameStop drama ” What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted…
“# Bitcoin price breaks $40K: Here’s where BTC may go next ” The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending…
“# Russia’s regulatory sandbox and the implementation of blockchain tech ” The main challenge companies face when testing and implementing innovative technologies is the need to amend existing legislation. Developing and testing new products based on distributed ledger technology requires special conditions that are often inconsistent with existing regulations. The solution to this problem would…
“# Coinbase outage caused crypto purchase issues, not an intentional ban ” On Jan. 29, a number of Coinbase users reported issues with the platform’s buy and sell functions. The Coinbase difficulties arose just a day after Robinhood barred GameStop share purchases following surging prices on the stock. A recent blog post indicates the Coinbase…
“# Wallstreetbets vs. Wall Street: A prelude to DeFi bursting onto the scene? ” Was last week’s Reddit versus Wall Street stand-off really the “beginning of the end for centralized finance,” as Gemini founder Tyler Winklevoss described it? Or was it just a one-time instance of individuals coming together to right a perceived wrong —…
“# Whitehat hacker receives $1.5M bug bounty after patch pumps token price ” A whitehat hacker has seen what was already one of the largest smart contract-related bug bounties ever awarded more than double, after the ARMOR token price pumped following the announcement of his reward. On Feb. 3 ArmorFi announced that Alexander Schlindwein of…