Category Archive: Cryptocurrency, No picture
Stellar’s XLM Up 14% on MoneyGram Takeover Plans
This news was brought to you by Phemex, our preferred Derivatives Partner. Stellar’s XLM token rallied 14% following rumors that the Stellar Development Foundation has expressed interest in acquiring remittance provider MoneyGram International Inc. XLM Rallies on MoneyGram Acquisition News Stellar Lumens looks to have broken out of its downward trend. The project’s native token, […]
Cardano Preparing for Web, Mobile Integration
Key Takeaways Charles Hoskinson recently revealed that Cardano’s smart contracts are now compatible with web browsers on testnet. The team ran the Plutus application backend in Javascript, the most popular web programming language. Cardano has been making moves towards the launch of smart contracts on mainnet, scheduled for September. Charles Hoskinson briefed the Cardano community […]
Goldman Sachs Says Rich Clients are Turning to Crypto
Investment bank Goldman Sachs reported the results from a survey of associated family offices, finding over half of all respondents were already investing or interested in investing in cryptocurrencies. Family Offices Turn to Crypto Family offices, the firms that manage the wealth of the world’s richest families, are increasingly looking to invest in cryptocurrencies. According […]
Twitter’s Jack Dorsey Attends B Word Conference
Key Takeaways Today, Twitter and Square CEO Jack Dorsey attended “The B Word,” a virtual online Bitcoin conference. Dorsey discussed his interest in Bitcoin and expressed hope that it will become the native currency of the internet. He discussed Square and Twitter’s efforts to promote Bitcoin development without undermining its principles. This news was brought […]
Elon Musk Confirms Tesla Will Re-Accept Bitcoin
Key Takeaways Elon Musk stated today at “The B Word” that he plans for Tesla to accept Bitcoin as a form of payment once again. He also disclosed the cryptocurrencies that he personally holds, as well as Tesla and SpaceX’s corporate holdings. Finally, he discussed the issues around Bitcoin scaling and acknowledged Starlink’s role in […]
Dogecoin Looks Primed to Enter New Rally
Key Takeaways Dogecoin has seen its market value drop by more than 77% over the past three months. The meme coin appears to be bound for an explosive rally. If buy orders continue to pile up, DOGE could target $0.34. Warren Buffett’s famous quote about being “greedy when others are fearful” seems to be alive […]
BNY Mellon Adds to Crypto Activity with Pure Digital Bet
Key Takeaways BNY Mellon is investing in crypto trading platform Pure Digital, along with five other banks. Pure Digital is aiming to compete with Coinbase and FTX for institutional clients. The move suggests BNY Mellon is seeing more institutional demand for cryptocurrencies. This news was brought to you by Phemex, our preferred Derivatives Partner. America’s […]
XRP Poised to Rebound on Ripple Lawsuit Development
Key Takeaways The legal case between Ripple and the SEC has seen a new development after Ripple’s legal team claimed that the U.S. regulator violated the Securities Act. Meanwhile, a technical buy signal developed as XRP holds above a crucial support level. A spike in buying pressure could see the asset rise to $0.58. This […]
Canada CBDC “Might Be Beneficial”: Central Bank
This news was brought to you by Phemex, our preferred Derivatives Partner. The Bank of Canada has released a staff paper detailing several benefits of CBDC adoption, citing smart contract functionality as a major boon. Canada Explores CBDC Benefits Canada’s central bank appears to be bullish on CBDCs. In a staff paper published Tuesday, the […]
FTX Raises $900 Million and Hits $18 Billion Valuation
FTX, a major cryptocurrency exchange and crypto futures trading platform, has raised $900 million in a new funding round. Funding Round Attracts Top Investors The Series B funding round brought in money from over 60 investors including SoftBank Group Corp, Sequoia, Thoma Bravo Ribbit Capital, and VanEck. Two crypto exchange funds, Coinbase Ventures and Circle, […]
