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“# Crypto-focused software firm Lukka raises $53M in funding round ” Just a few weeks before the filing deadline for U.S. taxpayers, cryptocurrency accounting and data company Lukka said it had raised an additional $53 million in a new funding round. In an announcement today, Lukka said it had completed a $53 million Series D…
“# $51K Bitcoin price not a problem as ‘structurally, nothing has changed’ ” On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the $47,000…
“# New Zealand retirement fund reportedly allocates 5% to Bitcoin ” KiwiSaver Growth Strategy, a $350 million retirement plan operated by New Zealand Wealth Funds Management, has reportedly allocated 5% of its assets to Bitcoin (BTC), underscoring the steady stream of institutional investors entering the digital asset space. Bitcoin’s striking similarities to gold were cited…
“# 3 reasons why StormX (STMX) price has rallied 2,800% in 2021 ” Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards…
“# Crypto.com launches CRO token mainnet ” Cryptocurrency exchange Crypto.com has launched a fully decentralized open-source public blockchain, the Crypto.org Chain. In an announcement today, the crypto exchange said it had launched its Crypto.org public blockchain after more than two years of research and development, two testnets, and a mainnet dry run with 275 million…
“# Cathie Wood: BTC investors shouldn’t transact until tax code changed ” Cathie Wood, the founder and CEO of Ark Invest, is cautioning investors not to sell or transact their Bitcoin (BTC) until the United States Internal Revenue Agency, or IRS, introduces more sensible tax policies on digital assets. In a webcast hosted by Cboe,…
“# What the FUD? Fear drives Bitcoin price down, not Friday’s $6.1B expiry ” Earlier this week, Cointelegraph reported the importance of the upcoming $6.1 billion Bitcoin (BTC) options expiry on March 26. The article made clear that bulls were in control if one excluded the put (sell) options below $47,000, which is likely the…
“# Riot Blockchain stock plunges with Bitcoin as market correction deepens ” Shares of Riot Blockchain (RIOT) and other cryptocurrency miners sold off sharply on Thursday, as Bitcoin’s (BTC) gravitational pull on the market continued to broaden. RIOT declined by as much as 14.4% during Thursday’s session, extending its losing streak to four days. The…
“# Staked ETH Trust opens Ethereum staking to accredited investors ” Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain. The Staked ETH Trust is now accepting private placement to accredited…
“# India’s government orders companies to disclose crypto holdings ” While the legal status of cryptocurrencies remains undecided in India, companies in the country involved in virtual assets must now report their activities as part of their financial statements. The new rule follows amendments made by the country’s Ministry of Corporate Affairs to Schedule III…