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“# Overstock spins its blockchain subsidiary into crypto investment fund ” Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund, as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Jan. 25 that its wholly owned blockchain-focused subsidiary, Medici Ventures, will become a limited partnership fund, pending…
“# Winklevoss’ Gemini pushes presence in Asia, supports Singapore dollar ” Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, continues to strengthen its global presence by tapping into the Singaporean market. On Jan. 25, Gemini announced a roll-out of several new features for its platform in Singapore, including the support of the Singapore dollar…
“# Bitcoin made up 97% of total crypto inflows in 2021 ” Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan. 25 report by digital…
“# Tor Project’s crypto donations increased 23% in 2020 ” The cryptocurrency community has been doubling down on its support to privacy-centric applications like Tor Browser in 2020, according to new data. The Tor Project, a non-profit organization behind the anonymous Tor Browser, saw a 23% increase in cryptocurrency donations in 2020. A spokesperson at…
“# Reddit investing group triggers crypto-style 860% rally in GameStop stock ” Since Jan. 22 GameStop has been attracting a lot of attention from the mainstream news as the stock (GME) for the popular video game retailer rallied 860% from $17.40 on Jan. 4 to a high of $159.18 on Jan. 25. On Jan. 25…
“# BoE Governor: cryptocurrencies of today are destined to fail long term ” Bank of England Governor Andrew Bailey thinks it is unlikely that the current generation of crypto assets lack the design and structure needed to ensure long term regulatory survival. Speaking during the World Economic Forum’s Jan. 25 online panel “Resetting Digital Currencies”…
“# Goldman Sachs CEO: Regulators should be ‘hyperventilating’ at Bitcoin’s success ” Goldman Sachs senior chairman Lloyd Blankfein has stated that regulators should be “hyperventilating” in response to Bitcoin’s recent success, characterizing the crypto asset as undermining the capacity for lawmakers to monitor the financial system. While appearing on CNBC’s Squawk Box on Jan. 25,…
“# 3 reasons why Ethereum price is still on track to top $2,000 ” After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin…
“# Driving to the moon? HODLer installs portable mining rig in BMW ” Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Times, Byrne purchased a BMV i8 hybrid vehicle retailing…
“# $45B DeFi market cap and soaring TVL suggest the best is yet to come ” The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with the passing of each week. Data from Messario shows projects like AAVE,…