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Binance Allegedly Seeks Government Funding Amid Regulatory Pressure, Aims For $200B Valuation
Wednesday, August 25, 2021 - 8:16pm | 326Read More...World's top cryptocurrency exchange Binance is looking for government funding despite having found itself in the crosshair of multiple financial regulators. What Happened: According to a recent Twitter thread by Chinese Journalist Colin Wu, Binance Singapore is looking to...
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eToro's Crypto Trading Commissions Reached $264M, Net Trading Income At $291M In Q2
Wednesday, August 25, 2021 - 7:33pm | 545Read More...Trading platform eToro today announced the latest quarterly results for Q2 2021. eToro's Q2 Result: According to eToro's Q2 results, the commissions from the crypto trading were at $264.2 million, compared with $11.2 million in the second quarter a year ago. This is an almost...
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Citigroup Is Awaiting Regulatory Approval To Trade CME Bitcoin Futures: Report
Wednesday, August 25, 2021 - 3:22pm | 422Read More...What Happened: Wall-street banking giant Citigroup Inc (NYSE: C) is reportedly on the brink of trading Bitcoin (CRYPTO: BTC) futures on the Chicago Mercantile Exchange (CME) According to a report from CoinDesk, sources within the bank said that Citi is currently awaiting regulatory approval to...
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Coinbase Rival Kraken Plans Europe Expansion, IPO By End Of The Year
Tuesday, August 24, 2021 - 12:42pm | 403Read More...U.S.-based crypto exchange Kraken is planning to expand in Europe by the end of the year. What Happened: "We are working on a license in an EU country," said Founder and CEO Jesse Powell in an interview with German publication Handelsblatt. The Coinbase Global Inc (NASDAQ...
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Coinbase Apologizes, Promises USDC To Return To Conservative Investment Backing
Monday, August 23, 2021 - 5:38pm | 377Read More...Coinbase Inc. (NASDAQ: COIN) apologized for falsely advertising USD Coin (CRYPTO: USDC) once again and promised that it will become fully backed by cash and Treasury bills issued by the U.S. Treasury. What Happened: According to a Twitter thread written by Coinbase...
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SP500 And Stock Traders Should Get Ready For Bumpy Trading In The Coming Few Weeks
Monday, August 23, 2021 - 12:24pm | 600Read More...Investors are juggling a full plate of uncertainties at the moment, though some would argue that the overall list of concerns hasn’t changed much over the last few weeks. The fundamentals driving market sentiment continue to revolve around the pandemic, inflation, consumer spending/confidence...
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PayPal Launches Crypto Trading In The UK
Monday, August 23, 2021 - 7:25am | 397Read More...California-based payments giant PayPal Holdings Inc (NASDAQ: PYPL) has expanded its crypto services internationally. What Happened: According to a press release on Monday, PayPal has opened up crypto trading for its customers based in the U.K., allowing them to buy, sell and hold cryptocurrencies...
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Binance.US Is Closing Funding Round With 'Top Level Investors': CEO Changpeng Zhao
Friday, August 20, 2021 - 5:17pm | 334Read More...Binance.US — the United States crypto trading entity of the world's top cryptocurrency exchange Binance — is purportedly about to close a funding round with world-class investors. What Happened: According to a Thursday Bloomberg report, Binance CEO Changpeng Zhao said...
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Coinbase Prepares For Crypto Winter With $4B War Chest Of Cash Reserves
Thursday, August 19, 2021 - 1:49pm | 420Read More...What Happened: Major U.S. crypto exchange Coinbase Global Inc (NASDAQ: COIN) has stockpiled $4 billion in cash in preparation for a period of extended business risks. “We want to ensure that we maintain those cash reserves so that we can continue to invest and continue to grow our products...
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Ethereum Will Continue To Beat Bitcoin In 2021, Says deVere Group CEO
Thursday, August 19, 2021 - 11:51am | 452Read More...What Happened: The founder and chief executive officer of one of the world’s largest independent financial advisory organizations believes that Ethereum (CRYPTO: ETH) will outperform Bitcoin (CRYPTO: BTC) for the rest of the year. deVere Group CEO Nigel Green told City AM on Wednesday...
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ARK Invest: Cryptocurrencies Now Trade More Volume Than FAANG Stocks
Wednesday, August 11, 2021 - 7:50pm | 564Read More...What Happened: Cryptocurrencies now trade more volume than the largest public equities in the world, according to research from ARK Investment Management. Cryptocurrencies now trade more volume than the largest public equities in the world. Cryptocurrency exchange volume is on pace to reach $16 tr...
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Bitcoin Is Only Two Days Away From Forming A New Golden Cross, Says Crypto Analyst
Wednesday, August 11, 2021 - 1:57pm | 502Read More...What Happened: Pseudonymous crypto trader and analyst Rekt Capital believes that Bitcoin (CRYPTO: BTC) is only two days away from forming a new “Golden Cross” trading pattern. The new #BTC Golden Cross is only two days away$BTC #Crypto #Bitcoin — Rekt Capital (@rektcapital) August...
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Ethereum Trading Volume On Coinbase Outpaces Bitcoin For The First Time In Q2
Wednesday, August 11, 2021 - 9:10am | 535Read More...What Happened: For the first time in the nine years since Coinbase Global Inc (NASDAQ: COIN) was launched, Ethereum’s (CRYPTO: ETH) trading volume outpaced Bitcoin’s (CRYPTO: BTC) on the crypto trading platform. In its Q2 earnings report, Coinbase reported that Ethereum...
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Institutional Bitcoin Funds Lose $33M Over The Week As Ethereum Funds Gain Market Share
Tuesday, August 10, 2021 - 4:44pm | 438Read More...The first week of August may have sparked a market-wide rally in crypto, but institutional outflows from Bitcoin (CRYPTO: BTC) focused funds still persisted. What Happened: Bitcoin gained 19% over the past seven days to trade above $45,400 at the time of writing, but institutional Bitcoin...
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Coinbase's Head Of Capital Markets Resigns After Crypto Exchange Reportedly Shifts Focus
Tuesday, August 10, 2021 - 10:43am | 396Read More...Brett Redfearn, who headed capital markets at Coinbase Global Inc (NASDAQ: COIN), has resigned from his position at the crypto exchange. What Happened: According to a report from the Wall Street Journal, people familiar with the matter disclosed that his reasons for leaving Coinbase had to do...
















