Author: Jeffrey Gogo

Crypto Futures Exchange Bakkt Going Public at a Valuation of $2.1 Billion | Exchanges Bitcoin News

Bitcoin futures exchange Bakkt is going public via a merger with VPC Impact Acquisition Holdings, a special purpose acquisition company (SPAC) created for taking startup firms public. Both companies have now confirmed the transaction, and will be listed on the Read More

South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million | Exchanges Bitcoin News

Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy Read More

Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force | Taxes Bitcoin News

The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA Read More

Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year | Emerging Markets Bitcoin News

Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said Read More

Defi Protocol Founder Tricked, Hacked for $8 Million in Personal Funds | Bitcoin News

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at Read More

Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purchases | News Bitcoin News

Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work Read More

Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity | Mining Bitcoin News

Cryptocurrency Indexes Are Set to Launch in 2021 by S&P Dow Jones Indices S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the Read More

Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head | News Bitcoin News

Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the Read More

New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval | Regulation Bitcoin News

Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Read More

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy | Exchanges Bitcoin News

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was Read More

Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown | News Bitcoin News

Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total Read More

Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI | Security Bitcoin News

Decentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling Read More

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets | News Bitcoin News

Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain Read More

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million | Hardware Bitcoin News

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst Read More

Crypto Security Firm Fireblocks Raises $30 Million in Series B Funding, Targets Global Expansion | Security Bitcoin News

Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail Read More

Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada | News Bitcoin News

Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like Read More

Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million | Bitcoin News

Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like Read More

Ripple Forced To Rebrand PayID Trademark After Copyright Infringement Lawsuit | News Bitcoin News

Ripple Labs Inc., issuers of the XRP cryptocurrency, has filed for a new trademark called “Paystring” with the US Patent and Trademark Office (USPTO). The trademark was filed on Nov. 6 and accepted on Friday, according to the USPTO website. Read More

Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget | Altcoins Bitcoin News

An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Read More