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Bitcoin Investors and Firms Deposit $586m Into Silvergate Bank in Q3
Bitcoin Investors and Firms Deposit $586m Into Silvergate Bank in Q3
News  •  Bitcoin  •  Oct 26, 2020 by Nick Chong

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

OKEx Withdrawals Remain Frozen
OKEx Withdrawals Remain Frozen
News  •  Bitcoin  •  Oct 26, 2020 by Nick Chong

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

Can October Record Bitcoin's Highest Monthly Close in History?
Can October Record Bitcoin's Highest Monthly Close in History?

If Bitcoin sits above $13,873 at the end of October, it will print its highest monthly candle close in history. On a monthly candle chart, each candle represents one month of trading activity. Hence, a monthly chart typically covers years of trading activity on a single log chart, depicting

News  •  Bitcoin  •  Oct 26, 2020
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Can October Record Bitcoin's Highest Monthly Close in History?
Can October Record Bitcoin's Highest Monthly Close in History?

If Bitcoin sits above $13,873 at the end of October, it will print its highest monthly candle close in history. On a monthly candle chart, each candle represents one month of trading activity. Hence, a monthly chart typically covers years of trading activity on a single log chart, depicting

News  •  Bitcoin  •  Oct 26, 2020
Bitcoin Investors and Firms Deposit $586m Into Silvergate Bank in Q3
Bitcoin Investors and Firms Deposit $586m Into Silvergate Bank in Q3

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

News  •  Bitcoin  •  Oct 26, 2020
OKEx Withdrawals Remain Frozen
OKEx Withdrawals Remain Frozen

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

News  •  Bitcoin  •  Oct 26, 2020
Microsoft Alone Holds $123 Billion in "Credit Risk"
Microsoft Alone Holds $123 Billion in "Credit Risk"

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

News  •  Bitcoin  •  Oct 26, 2020
Hodl Hodl’s New Bitcoin Lending Platform Looks to Ignite Bitcoin DeFi
Hodl Hodl’s New Bitcoin Lending Platform Looks to Ignite Bitcoin DeFi

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

News  •  Bitcoin  •  Oct 25, 2020
Tether Denies "Pulling Support" for Peter McCormack in Craig Wright Libel Suit
Tether Denies "Pulling Support" for Peter McCormack in Craig Wright Libel Suit

"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

News  •  Bitcoin  •  Oct 24, 2020
There Will Be a "War for Talent" in Bitcoin: Novogratz
There Will Be a "War for Talent" in Bitcoin: Novogratz

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,

News  •  Bitcoin  •  Oct 23, 2020
Federal Reserve Balance Sheet Rockets to New High, Boosting Bitcoin Bull Case
Federal Reserve Balance Sheet Rockets to New High, Boosting Bitcoin Bull Case

Data released by the Federal Reserve on Thursday has shown a new all-time high in the central bank's balance sheet. The U.S. monetary authority now holds $7.177 trillion worth of assets—from exchange-traded funds and Treasuries to mortgage-backed securities and credit facilities.  $7.177 trillion is

News  •  Bitcoin  •  Oct 22, 2020
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