On Thursday, Bitcoin users discovered a webpage including information on a digital exchange soft-launched by DBS Bank, the largest commercial bank in Singapore, on its website. But shortly after the cryptocurrency industry cheered the announcement, it was abruptly taken down.
The initial announcement, which has since been taken offline, said
Silvergate Bank, an American financial institution that was one of the first to support cryptocurrency-focused clients, reported a record quarter on Monday.
In its earnings report pertaining to Q3 2020, Silvergate revealed that it added $586 million worth of deposits from cryptocurrency companies over this past quarter, making it the
In August and September, MicroStrategy made headlines when it deployed $425 million into Bitcoin over the span of tens of thousands of buying orders. In total, the business services company acquired more than 38,250 bitcoin, for an overall cost basis of $11,111 per coin.
This investment represented a
In August and September, MicroStrategy made headlines when it deployed $425 million into Bitcoin over the span of tens of thousands of buying orders. In total, the business services company acquired more than 38,250 bitcoin, for an overall cost basis of $11,111 per coin.
This investment represented a
On Thursday, Bitcoin users discovered a webpage including information on a digital exchange soft-launched by DBS Bank, the largest commercial bank in Singapore, on its website. But shortly after the cryptocurrency industry cheered the announcement, it was abruptly taken down.
The initial announcement, which has since been taken offline, said
Silvergate Bank, an American financial institution that was one of the first to support cryptocurrency-focused clients, reported a record quarter on Monday.
In its earnings report pertaining to Q3 2020, Silvergate revealed that it added $586 million worth of deposits from cryptocurrency companies over this past quarter, making it the
On the morning of October 16th, digital asset exchange OKEx suddenly froze withdrawals from the platform.
The exchange announced at the time that one of its "private key holders" was currently "cooperating with a public security bureau" due to ongoing investigations. Due to said investigations, which
Over the past two months, institutional Bitcoin adoption has begun to skyrocket as the U.S. dollar continues to lose traction against other foreign currencies.
MicroStrategy was the first to make headlines in August. The business services company deployed $250 million, then an additional $175 million into Bitcoin over the
Last week, peer-to-peer Bitcoin trading platform Hodl Hodl unveiled Lend, a Bitcoin-centric lending platform promising to recast Bitcoin's lending sector by scrapping fiat, KYC, and custody.
Capitalizing on the rise of decentralized finance (DeFi), Lend opts for a peer-to-peer, non-custodial paradigm, in which users can collateralize bitcoin to
"This is a lie," was the first thing Stuart Hoegner, General Counsel at Tether, had to say about an article published on Saturday by Bitcoin SV-affiliated publication Coingeek.
The cause for Hoegner's outrage is the latest in dozens of courtroom reports from Bitcoin SV (BSV) creator
As Bitcoin experiences rapidly increasing institutional interest, Bitcoin companies may soon find themselves wooed by legacy finance and technology companies, anticipates Galaxy Digital CEO Mike Novogratz.
In an interview with Bloomberg Technology on Friday, Novogratz predicted that within a year's time, major credit card companies such as VISA,
