Bitcoin (BTC) price is down 56% year-to-date, but the correction was not strong enough to remove the digital asset from the list of top-20 global tradable assets. Bitcoin’s current $400 billion market capitalization stands higher than traditional companies like Exxon Mobil, Walmart and Procter & Gamble, but there’s always the question of whether a direct comparison between a commodity like…
Cryptocurrency lender BlockFi, which just weeks ago finalized a $400 million loan and potential acquisition terms with crypto exchange FTX, is offering employees buyouts as a way to quietly reduce headcount. A BlockFi employee told Decrypt that the company is offering employees 10 weeks paid leave and 10 weeks of continued health insurance (commonly referred to as COBRA, which stands…
Crypto traders found cause for celebration on July 18 as the total market capitalization climbed back above the $1 trillion mark following weeks of widespread selling after Bitcoin (BTC) price swept yearly lows below $18,000. The green day for cryptocurrencies largely tracks a positive day in the traditional markets, which are up modestly despite analyst estimates that the Federal Reserve…
The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic. Bank of Spain Report Founds…
Cameron and Tyler Winklevoss’ Gemini has reportedly laid off additional staff more than a month after reports suggested the cryptocurrency exchange cut 10% of its employees. In a Monday report from TechCrunch, the news outlet said that a source close to Gemini reported there were 68 fewer employees on the company’s Slack channel, suggesting the crypto exchange had cut roughly…
Bitcoin (BTC) rose above $22,000 and Ether (ETH) traded above $1,500 on July 18, indicating that bulls are gradually returning to the cryptocurrency markets. This pushed the total crypto market capitalization above $1 trillion for the first time since June 13, raising hopes that the worst of the bear market may be behind us. In another positive sign, more than…
Southland Credit Union will offer services to its customers allowing them to buy, sell and hold bitcoin on a custodial platform.Southland’s custodial partner is bitcoin bank NYDIG, making them the second credit union in the region to offer NYDIG’s services.Users cannot transfer bitcoin from one wallet to another, instead a user would need to sell their coins and withdraw fiat…
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. We’re being robbed of our dreams. Remember when you were little and wanted to grow up and do something great? You wanted to change the world for good and make a real difference. Yet, as you grew older,…
Last month, it was reported that the co-founder of Ripple, Jed McCaleb was close to emptying his xrp wallet that held 81 million tokens worth $26 million. Following a transaction that saw 3,898,451 xrp transferred out of the address, McCaleb’s wallet is now close to being empty as there’s only 47.6912 xrp worth $17 stored in the wallet today. Ripple…
This is an opinion editorial by Knut Svanholm, author of “Bitcoin: Sovereignty Through Mathematics.” Bitcoin skeptics often claim that bitcoin doesn’t scale. They say that bitcoin’s on-chain transaction capacity of about seven transactions per second is too low, especially compared to the most common credit and debit card networks. These networks are centralized databases capable of more than a hundred…
