Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition intended to fight market manipulation. In a Monday announcement, market surveillance firm Solidus Labs and exchanges including Bitstamp, Coinbase, BitMEX, and CrossTower said they would be launching the Crypto Market Integrity Coalition, or CMIC, asking all other companies involved in the crypto space to…
In brief Tesla first revealed it bought Bitcoin almost exactly one year ago. The company’s annual report shows the overall financial return has been worth it so far. On Tuesday, it will be one year since Tesla first revealed it bought $1.5 billion worth of Bitcoin. The news sent the markets into a tizzy and made CEO Elon Musk, whose…
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated crypto industry.” Leading Digital Asset…
From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own nonfungible token (NFT) marketplace to the NFL providing Super Bowl attendees with customized NFTs, the National Football League and the blockchain community seem to have embraced each other. As Super Bowl LVI approaches this Sunday, there is one thing fans can be sure to expect: crypto ads.…
The professional cycling team Qhubeka-NextHash has been abandoned by its cryptocurrency sponsor, as cyclists and staff haven’t been paid since October, first reported by Velo News. Back in June, NextHash—a little-known crypto company that offers an exchange, a payment processor, and a token—was announced as Qhubeka-Assos’s new sponsor, in an “exciting five-year partnership.” Just eight months later, NextHash appears unable…
The play-to-earn (P2E) gaming sector of the cryptocurrency ecosystem has been one of the most resilient sectors to the volatility and price declines seen in the past couple of months as gamers are jumping on the ability to earn income while playing tokenized videogames. One project that has seen its token price climb rapidly in the first week of February…
KPMG Canada today announced it has directly invested in Bitcoin and Ethereum—the two largest cryptocurrencies by market cap. The move is the latest among a growing trend of large institutional players to add cryptocurrency to their balance sheets, including MicroStrategy, Square, and Tesla. The Canadian arm of the accounting giant said in a Monday statement that the investment reflected their…
A new bitcoin-linked ETF is just around the corner as the Valkyrie Bitcoin Miners ETF received approval for listing on the Nasdaq exchange, according to a Monday filing with the Securities and Exchange Commission. Valkyrie CEO Leah Wald said “an increased focus and desire to gain exposure to bitcoin miners from investors” prompted the company to apply on January 26…
Shiba inu (SHIB) is up over 50% as of writing, with cryptocurrency markets continuing to gain momentum to start the week. The so-called ‘meme coin’ rally has seen SHIB recapture a $16 billion market capitalization. Biggest gainers On Monday, bitcoin (BTC) and ethereum (ETH) both reached multi-week highs, with DOGE and XRP also trading over 10% higher, however, none of…
Bitcoin’s (BTC) price inched higher over the weekend as bulls try to enforce a trend change while bears attempt to stall the relief rally. On-chain monitoring resource Whalemap highlighted that $38,000 is the critical zone for the whales during any correction as whales had accumulated in this zone last week. On the upside, trader Pentoshi believes that Bitcoin could face…
