Cryptocurrency News
Paypal Launches Business Unit Dedicated To Cryptocurrency
Bitcoin.com - 6 Feb 2021 04:15
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing f...
Record $6.5B futures open interest signals traders are bullish on Ethereum
Coin Telegraph - 6 Feb 2021 03:29
The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage.
Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings
Crypto News - 6 Feb 2021 03:00
The Spanish Tax Agency - known in the nation as the Hacienda - has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altc...
Bitcoin Bull-Run Boosts Sales of a French Premium Wine Retailer Despite the Coronavirus Pandemic
Bitcoin.com - 6 Feb 2021 23:00
A French wine trading firm has been favored by the recent crypto bull-run, specifically with the bitcoin prices surging across the board. Despite the pandemic, Lasserre & Papillon is making good numbers after founding BT...
Bullish $10K Ethereum call options excite traders but there's a catch
Coin Telegraph - 6 Feb 2021 23:00
December's $10,000 Ethereum calls options have started to pick up volume, but are traders really expecting ETH to reach this level?
BTC bounceback, ETH's 'legit crisis,' Elon Musk's DOGE stunt: Hodler's Digest, Jan. 31-Feb. 6
Coin Telegraph - 6 Feb 2021 20:37
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more -- one week on Cointelegraph in one link!
Grayscale's Crypto Assets Under Management Soar Past $30 Billion -- 'Institutions Are Here'
Bitcoin.com - 6 Feb 2021 20:30
Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale ...
PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M
Coin Telegraph - 6 Feb 2021 20:10
PancakeSwap's DEX volume has grown by 350% in six weeks, causing its CAKE token rally 444% and the platform appears on track for even larger gains.
Serbian Man Extradited to US After Being Indicted In $70 Million Crypto Fraud
Coin Desk - 6 Feb 2021 19:35
The scheme allegedly included offering bitcoin at "half market price."
Twitter, GameStop... enough! The world needs true decentralization
Coin Telegraph - 6 Feb 2021 18:43
With Web 3.0, users will not only own their data, but they will also be able to own and govern the platform their data is generated from.
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
Bitcoin.com - 6 Feb 2021 18:05
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, thre...
Ether is flying to the moon? Here's what's fueling the ETH rocket
Coin Telegraph - 6 Feb 2021 17:47
DeFi, institutions and Eth2: What are all the factors fueling Ether's current rally to its all-time highs?
Bill Miller-Run $2.25B Fund May Buy GBTC to Gain Bitcoin Exposure of Up to 15%
Coin Desk - 6 Feb 2021 16:51
The fund noted that it would not expose more than 15% of its $2.25 billion in assets to bitcoin.
Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs
Bitcoin.com - 6 Feb 2021 16:15
The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours. The last time BTC was this high in value was during the first wee...
Bitcoin Back Above $40K as Institutions Lead the Way
Coin Desk - 6 Feb 2021 16:10
BTC is back within striking distance of its all-time high set early last month.
Launching in 3, 2... Here's why Bitcoin breaking $40,000 is different than last time
Coin Telegraph - 6 Feb 2021 16:00
Bitcoin broke $40,000 in a strong recovery rally over the past three days as BTC could stabilize above the key level in the foreseeable future.
A Bitcoiner Is Now on the Senate Banking Committee
Coin Desk - 6 Feb 2021 16:00
Wyoming's Cynthia Lummis - the first U.S. senator to publicly hold bitcoin - has been appointed to the key financial regulatory committee.
7 Challenges Facing Fintech Startup and Their Solutions
Crypto News - 6 Feb 2021 15:52
The text below is an advertorial article that was not written by Cryptonews.com journalists. FinTech startups seek to provide the consumer as well as businesses varied options when it comes to money management. Notwithst...
Time to shine? Crypto should be given a chance after GameStop drama
Coin Telegraph - 6 Feb 2021 15:31
The GameStop pump may lead a number of amateur investors to finally learn about DeFi and the advantages it puts forth.
India's Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market
Bitcoin.com - 6 Feb 2021 15:15
The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment...
Unlike the Early Web, Crypto Does Not Need State Patronage
Coin Desk - 6 Feb 2021 14:00
Blockchain doesn't need ARPANET-type government support. But co-ordination and collective action are vital to avoid duplication of effort.
Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high
Coin Telegraph - 6 Feb 2021 14:00
The price of Bitcoin appears to have broken out above $40,000 putting new all-time highs within reach.