It’s been a stellar week for the digital coin Ether as its price hit an all-time high of over $3400 on Tuesday, extending its rally with gains of more than 300% this year. The coin has quadrupled in value since the start of 2021 and some experts believe there’s more to come. Ethereum is the world’s second-largest cryptocurrency and has seen a growth of over 320% from the beginning of the year compared to Bitcoin’s 98% – which is still very impressive.
The leading cryptocurrency exchange in the United States, Coinbase, has announced on Thursday that US customers can now purchase cryptos on their platform by using PayPal as a source of funding. This pioneer crypto exchange has been at the helm of the struggle for global crypto adoption and is now paving the way to new avenues yet again with this exciting venture.
TIME Magazine’s new list, TIME100 Most Influential Companies is out now and it features two major players in the crypto industry – Coinbase and Digital Currency Group. Together with 98 others, these companies are shaping the future.
Leading cryptocurrency trading platform Binance is opening up to the trade of tokenized stock from some of the biggest companies in the world. Tesla’s stock became available for trade in the form of a token on this popular platform. They have also added fractional shares of their rivaling exchange Coinbase after it went public on April 14. Now, Binance has announced that it will be listing tokenized shares of Microsoft, Apple, and MicroStrategy by the end of April this year.
With the number of Crypto investors set to nearly double this year, women are the ones leading the charge and changing the demographic of digital asset holders. There is plenty of interesting information coming out of a new national survey, done by crypto exchange Gemini. Collecting data from 3,000 households across the U.S., the report […]
Central banks have been looking into issuing their own central bank digital currencies (CBDC) and the UK has their eyes set on one of their own. China has been in the lead among major economies for years as they have already started extensive testing on a pilot last year. But now the UK is hot on their heels with ideas for their own CBDC. Of Course, a lot more planning and research is involved when structuring a new digital version of a major economy’s currency. And the UK is doing all the necessary research to ensure a smooth-running operation.
Turkey has now announced that they are introducing a ban on payments using cryptocurrency. The Bitcoin price has dropped somewhat since the announcement and currently sits at around $56k, down from an all-time high of above $63k last week. The Central Bank of the Republic of Turkey (CBRT) has warned that cryptocurrencies or other crypto assets will be prohibited as a form of payment, both directly and indirectly, for the purchase of goods and services within the country. This ban will come into effect on the 30th of April, 2021.
The city of Miami is famous for arguably having the world’s hottest nightlife, so when the news hit that one of its nightclubs is opening the doors to clients popping bottles and dancing the night away, all to the sweet sound of cryptocurrency, things are bound to get even hotter. First Major Nightclub in the […]
Wyoming has recently made some major inroads. Not only has the state become the second state to legalize sports betting, but it has also just become the first state to legalize crypto sports betting. Wyoming is being recognized by blockchain firms and crypto companies as the U.S’s next tech hub.
Jesse Powell, CEO of Kraken, which is the fourth largest cryptocurrency exchange in the world in terms of volume, fears that a “crackdown” on cryptocurrencies is imminent. There have been some recent warnings from various officials about the use of cryptocurrencies for money laundering and the financing of terrorist organizations. U.S. Treasury Secretary Janet Yellen, and European Central Bank President Christine Lagarde, have brought these concerns to light.
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