Lending firm Nexo has partnered with institutional custodian Fidelity to bring professional bitcoin products to market, the company said in a statement Tuesday. The lender will leverage Fidelity’s enterprise-grade infrastructure to expand institutional access to its prime brokerage platform. “As a first step, the collaboration with Fidelity Digital Assets will expand Nexo’s ability to service
Cryptocurrency asset managers Grayscale has released a report titled “An Introduction to Solana.” The firm gives a comprehensive assessment of the project, including its history, practical applications, and an overview of its potential risks. Solana – the success story of 2021 According to CoinMarketCap, on January 3, Solana was ranked 112th with a market cap
Despite the recent downtrend, bitcoin has been experiencing increased adoption on a larger scale. From El Salvador buying the dip to lightning network adoption going up, the digital asset has not been doing too bad. The most recent indication of increased bitcoin adoption has come in the form of bitcoin lightning network nodes. Data shows
On Tuesday, BloombergQuint (Bloomberg India) reported that the penalty for non-compliance with the Indian government’s crypto policies could range from a maximum fine of 20 crore rupees ($2.7 million USD) or 1.5 years in jail. Prime Minister Narendra Modi will likely give cryptocurrency investors a deadline to comply with new rules and declare their assets.
Eric Schmidt, the chief executive officer of Google until 2011 who later served as executive chair at the tech company and its parent firm Alphabet, has joined oracle solutions provider Chainlink Labs as a strategic advisor. According to a Tuesday announcement, Chainlink said Schmidt would guide the firm’s scaling strategy in its use of oracle
The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters of the network’s Difficulty Bomb delay to June 2022. This will give the Ethereum network another six months until it leads to the “Ice Age”
With a major Arrow Glacier upgrade expected in about three days, ETH 2.0 is closer than ever. At the time of writing, ETH 2.0 deposit contracts topped the staked value of 8,525,844 Ether. Arrow Glacier expected in 3 days. If you haven’t yet, upgrade your nodes ⛓👀 https://t.co/VRhXPo7dJy — Tim Beiko | timbeiko.eth 🍵 (@TimBeiko)
Cryptocurrency exchange Coinbase has added a mirrored version of the Ethereum blockchain’s native token Ether (ETH) to its crypto price index, just ahead of a key network upgrade on Dec. 10. Dubbed “ETH2,” the symbol appeared to have been tracking the original Ether market data synchronously. For instance, the cost to purchase ETH2 came out
This “Crypto City” guide looks at Austin’s crypto culture, the city’s most notable projects and people, its financial infrastructure, which retailers accept crypto and where you can find blockchain education courses — and there are even the juicy details of a famous controversy. Everything is bigger in Texas, including its enthusiasm for crypto. Fast
The bulls triggered an impressive run over the past days after a sharp value diminution on 3 December. Thus, after poking their 46-week lows on 3 December, EOS and Sushi registered double-digit gains on their daily charts. The near-term technicals for XRP, EOS, and Sushi indicated a bullish rise, but the overall outlook still remained
Democratic lawmaker Alexandria Ocasio-Cortez said Monday that she avoids any and all investments which could potentially represent a conflict of interest, including crypto — and believes her fellow lawmakers should do the same. She explained that as a member of the House of Representatives’ Financial Services Committee, she felt it was inappropriate for her to
The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced today in a release that it made its first investment into Coinhako, a Singapore-based cryptocurrency exchange. While the statement did not disclose the funding value, it specified that proceeds will be used to expand Coinhako geographically in Southeast Asia. Also, the exchange will work on growing verticals
Cryptocurrency analyst and trader Michaël van de Poppe is analyzing what XRP has in store price-wise going into next year. XRP is trading at $0.83 at time of writing and is up 3.77% in the past 24 hours. The eighth-ranked crypto asset by market cap is down nearly 40% from its 30-day high of $1.35.
What’s behind a fresh wave of enthusiasm for crypto? It’s something called decentralized finance (Defi). Defi looks more like traditional banking than anything crypto has come up with yet – but it is also nothing like traditional banking. It has its own fresh set of jargon, including yield farming – a buzzword that people are
Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “The trend is still up” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark Tuesday. At the time of writing,
While more than a quarter of American retail investors already have Bitcoin (BTC) in their portfolios, this number would likely be much higher if the U.S. Securities and Exchange Commission (SEC) approves a spot-based Bitcoin exchange-traded fund (ETF), according to Grayscale Investments. Per the third annual Bitcoin Investor Study published by the crypto investment giant