Category Archive: Cryptocurrency, No picture
The Weeknd Raises Over $2 Million in First NFT Auction
Key Takeaways The Weeknd has minted his first NFT collection, raising $2.29 million in sales. The collection featured previously unreleased music by The Weeknd. A token featuring a full song sold for $490,000. Despite the criticism surrounding NFTs, the technology could hugely benefit musicians and other creators. Abel Tesfaye just made $2.29 million from his […]
Millions Drained in ForceDAO Attacks, White Hat Returns Funds
Key Takeaways ForceDAO was drained of millions of dollars this morning after a white hat hacker discovered a bug in the smart contract’s code. The white hat hacker successfully took 14.8 million FORCE tokens. Though they returned the funds, other attackers noticed the exploit and have sold their tokens for ETH. FORCE briefly tanked 95% […]
FinCEN Appoints Former Chainalysis CTO as Acting Director
Key Takeaways FinCEN has hired the former CTO of Chainalysis. The move suggests that the agency is onboarding crypto-specific talent to tackle its renewed focus on the sector. The government agency is responsible for monitoring money laundering and terrorist financing. FinCEN has hired the former CTO of Chainalysis to be its acting director. The move […]
Following Tim Draper Endorsement, Tezos Enjoys Hefty Uptick
Key Takeaways Draper Goren Holm announced it would help grow the Tezos ecosystem. The venture capital firm would “incubate and accelerate” some of the most notable projects by deploying capital and resources. The news was well-received by market participants, sending XTZ on track to new all-time highs. This news was brought to you by Phemex, […]
Crypto Briefing’s CB10 Index Ends First Quarter With 86% Returns
Key Takeaways Crypto Briefing’s educational index of top ten cryptocurrencies for U.S. retail investors has yielded 86.8% in Q1, 2021. Ether’s recent bullish revival saw its allocation regain 15% share of the CB10 index. Filecoin replaced Dogecoin during this month’s reconstitution process. Crypto Briefing’s CB10 yielded 86.8% by Apr. 2, compared to Bitcoin’s 84.6% and […]
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 […]
