Category Archive: Cryptocurrency, No picture
TRON CEO Justin Sun Wins TIME’s Latest NFT Auction
Key Takeaways TRON founder and CEO Justin Sun has purchased one of TIME Magazine’s NFTs for more than $200,000 in ETH. The cover in question is 1965’s “The Computer In Society.” In recent weeks, Sun has also purchased Beeple’s “Green” NFT, a Warhol, and a Picasso for his NFT fund. TRON founder and CEO Justin […]
Circle and Poloniex Will Share User Identities With IRS
Key Takeaways The IRS has gained authorization to order two companies, Circle and Poloniex, to share data on U.S. based investors. The regulator is seeking data on US taxpayers who made transactions of at least $20,000 between 2016 and 2020. U.S. regulators have many tax efforts underway. The IRS will likely gain access to records […]
Ethereum Makes New All-Time High Targeting $2,500
Key Takeaways Ethereum recently made a new all-time high of $2,088. The upswing appears to have been forecasted by the breakout of a symmetrical triangle. The rising interest among market participants around the current price levels suggests that Ether has plenty of room to go up. This news was brought to you by Phemex, our […]
wNews: How Institutions and Teletubbies Fell in Love With Crypto
Key Takeaways Goldman Sachs and Morgan Stanley have both rolled out clear intentions to offer clients exposure to Bitcoin. In the same week, the children’s program Teletubbies signaled that they would be launching a native token. It’s been a volatile week for markets, but both Bitcoin and Ethereum are currently testing new highs. This week’s […]
JP Morgan Says Stable Bitcoin May Attract Institutions: Report
Key Takeaways JP Morgan told Bloomberg that Bitcoin’s recent decline in volatility may act as a catalyst for institutional buyers. The investment bank noted that Bitcoin’s three-month realized volatility has fallen to 86%. Banking giants Goldman Sachs and Morgan Stanley recently detailed their plans to offer Bitcoin investment products. A more stable Bitcoin may bring […]
Coinbase Announces April 14th Direct Listing
Key Takeaways The SEC has approved Coinbase’s direct listing proposal for April 14th. Foregoing a traditional IPO could be very lucrative for current Coinbase shareholders. The company will trade under the ticker symbol “$COIN”. After much speculation, the Coinbase public offering finally has a date. Anticipated Listing Date Coinbase announced that the SEC validated its […]
Coinbase Ventures Backs Acala on Polkadot
Coinbase Ventures is funding Acala, a DeFi hub for the Polkadot network, according to a blog post from the company. Coinbase Will Support Acala “This week, the investment arm of Coinbase has announced their support for Acala, the all-in-one DeFi hub of Polkadot,” Coinbase wrote in its blog post. “This investment also supports Karura, the […]
Ethereum Prepares for New All-Time Highs
Key Takeaways Ethereum broke out of a month-long stagnation period. As buy orders pile up, ETH could resume its uptrend and advance to a new all-time high of $2,560. A renowned technical analyst suggests Ether may first retrace to a crucial support level before achieving its upside potential. This news was brought to you by […]
Morgan Stanley Registers Funds With Up to 25% Bitcoin Allocation
Morgan Stanley filed an SEC registration for 12 new investment portfolios that “may have exposure to bitcoin indirectly” via cash-settled futures or Grayscale’s Bitcoin Trust. Morgan Stanley’s Bitcoin Portfolios Morgan Stanley announced new investment portfolios in Advantage, Asia Opportunity, Counterpoint Global, Developing Opportunity, Global Advantage, and seven others with significant room for Bitcoin exposure—up to […]
Synthetix Launches Staking on Optimistic Ethereum
Key Takeaways Synthetix Staking now integrates Optimistic Ethereum on Layer 2. SNX holders can stake through Optimistic Ethereum to earn SNX and sUSD. Synthetix has been one of DeFi’s frontrunners in adopting Layer 2. This news was brought to you by ANKR, our preferred DeFi Partner. Synthetix doubles down on Layer 2. Synthetix Integrates Optimistic […]
