As Bitcoin (BTC) and altcoins took a break from reaching new all-time highs, the market sentiment seems gloomy since the start of 2022. However, while the market seems to be sleeping, its trajectory shows that there’s more to look forward to in the coming months. Multinational professional services network KMPG published its biannual Pulse of Fintech report, where the firm…
On January 18, financial services giant Fidelity published “Bitcoin First: Why Investors Need To Consider Bitcoin Separately From Digital Assets,” written by Director Of Research Chris Kuiper and Research Analyst Jack Neureuter. For many in the space, institutional recognition of bitcoin being a separate entity from what is commonly referred to as “crypto” was seen as a net-positive for Bitcoin.…
press release PRESS RELEASE. Cappasity’s platform will allow retailers to create immersive NFTs easily and quickly. The proprietary utility token CAPP will be used in the provision of NFT services. Cappasity lets companies create and deliver 3D/AR experiences to blur the line between online and in-store shopping. It is the first scalable and easy-to-adopt solution for complex e-commerce projects. It…
In May 2021, a Nashville couple known as the Jarretts filed a lawsuit against the United States Internal Revenue Service (IRS) over taxes they had paid on unclaimed and unsold Tezos (XTZ) staking rewards. At the beginning of February, news broke that the lawsuit filed by the Jarretts had come to an end, resulting in the IRS issuing the couple…
In brief This is Alchemy’s third massive fund-raising round in less than a year. The company touted a three-fold increase in customers since October. The founders addressed claims Alchemy might contribute to centralization. Alchemy, a startup that provides blockchain tools, has been growing fast: It raised buckets of money last year and attracted dozens of blue chip customers in the…
It is not too late to invest in bitcoin, said multinational financial services giant Wells Fargo in a Monday report, drawing parallels between the adoption rates of the internet in the 1990s and that of cryptocurrencies today. Wells Fargo’s global investment strategy team explained in the report that Bitcoin’s over 200% annualized gains since its first transaction in 2010 often…
Polygon-based DeFi protocol QiDAO fell victim to an exploit of its Superfluid vesting contract on Tuesday, resulting in a loss of approximately $13 million. The QiDAO protocol allows users to borrow stablecoins at 0% interest against their crypto holdings. QiDAO acknowledged the exploit via Twitter; however, the team stressed that the vesting contract was exploited through a vulnerability in Superfluid,…
Despite falling as low as $33,000 in mid-January, Bitcoin has since mounted an impressive recovery over the first week of February. The leading cryptocurrency is currently trading hands just over $43,000 and capping a 12% rise over the past seven days, according to data provided by CoinMarketCap. As the appetite for Bitcoin has renewed, so too has investor interest in…
The United States national governing body for the sport of figure skating, the U.S. Figure Skating, is the latest organization in the country to enable donations in cryptocurrencies like Bitcoin (BTC). The association has partnered with the enterprise-level donation platform Engiven in order to start accepting donations and gifts in cryptocurrency, the U.S. Figure Skating announced on Tuesday. The organization…
Brazilian crypto asset manager QR Assets has launched a decentralized finance exchange-traded funds, or DeFi ETF, on the Brazilian Stock Exchange. The DeFi ETF called QDFI11 would track the Bloomberg Defi index and make 100% of its investment in real DeFi assets. The DeFi index tracks Uniswap (UNI), Aaave Decentralized Lending Pools (AAVE), MakerDao (MKR), Compound (COMP), Yearn.finance (YFI), SushiSwap…
