TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Crypto exchange Binance launches Objective Moon to boost France’s blockchain and crypto industry
Binance has partnered with France FinTech, a non-profit association that promotes FinTech growth in the country, for the project.
· Business
- Marathon Digital’s Bitcoin monthly production spikes 23% in October 2021
As of November 1, 2021, Marathon has produced approximately 2,516 self-mined bitcoins for 2021.
· Business
- 20 new Bitcoin Schools to be funded by surplus from El Salvador’s BTC Trust
El Salvador's next BTC-related project aims to promote cryptocurrency education for locals and will be funding using profits made from the crypto asset.
· Regulation
- Goldman Sachs says Ether could reach $8K as ETH sets new record high
Ether set a new all-time high when it briefly traded above $4,470 on November 2.
· Investing
- Bitcoin, Ethereum, and Dogecoin to be given away in Burger King’s loyalty program
Burger King said that the promo’s crypto prize pool includes 20 Bitcoin (BTC), 200 Ethereum (ETH), and 2 million Dogecoin.
· Business
- Crypto-friendly Texas town attracts 2 of the worlds biggest Bitcoin mining firms
Riot Blockhain and Bitmain's Bitdeer put up Bitcoin mining facilities in Rockdale, Texas.
· Business
- Bitcoin mining firm Rhodium plans to raise funds via IPO and open 2nd crypto mining facility by 2022
The Delaware-based Bitcoin mining company will use the funds to expand its crypto mining operations by purchasing additional mining rigs and opening a new site next year.
· Business
- Ether outperforms Bitcoin as crypto soars over 1000% in one year
A $1,000 Ether purchase made on October 29, 2020, would have already been worth $11,645.71 on Friday last when the crypto set its new ATH of $4,461.96.
· Insights & Views
- Stablecoins and CBDCs might not be necessary to solve deficiencies in the financial system, says BIS
While a number of central banks worldwide are already considering the issuance of a CBDC, the BIS also questioned the need for such projects and pointed out that CBDCs present their own policy challenges for EMDE auth…
· Regulation
- Michael Saylor’s personal Bitcoin stash is now worth more than $1B
The MicroStrategy CEO continues to hodl his sizable crypto holdings of 17,732 BTC.
· Insights & Views
- Bitcoin and Ethereum likely meet criteria for underlying assets in crypto ETPs, says ASIC
ASIC recently released a set of regulatory requirements for firms seeking to offer ETPs, including exchange-traded funds, managed funds, and structured products.
· Regulation
- Non-fungible tokens will be supported in Facebook’s metaverse
NFT holders can sell their digital assets securely on the metaverse.
· Business
- Bitcoin, Ethereum, and USDC will be accepted as tuition payments for Wharton's new crypto and blockchain program
The Ivy League business school will be launching the “Economics of Blockchain and Digital Assets” course in January 2022.
· Business
- El Salvador adds 420 Bitcoin to its BTC stash
El Salvador now owns 1,120 BTC, worth $87.4 million, which was purchased at an average price of $53,300.
· Insights & Views
- Crypto trading volume surges in Singapore driven by millennial investors
A 2021 survey revealed that 66 percent of the respondents between 26 and 45 years old own digital currencies.
· Business
- Tesla could resume accepting Bitcoin payments for its products and services
In its quarterly report filed with the SEC, Tesla said that it may restart accepting crypto payments in the future.
· Business
- Robinhood’s crypto revenue dips in Q3 by 78% dragging the company’s shares
Crypto trading revenue for Q3 2021 declined by around 78 percent to just $51 million compared to the $233 million posted in the previous quarter.
· Business
- Crypto scams are using hijacked YouTube channels
In the live-streamed videos broadcasted on the hijacked channels, scammers lured potential victims with promises of giveaways in crypto in exchange for an initial contribution.
· Technology
- Mastercard to allow banks and merchants to offer crypto services on its network
Mastercard has partnered with the crypto firm Bakkt, which was recently spun off from Intercontinental Exchange.
· Business
- Elon Musk’s crypto portfolio includes Bitcoin, Ethereum, and Dogecoin
The Tesla CEO confirms he only owns three types of cryptos.
· Insights & Views
- Spanish financial institutions want to offer crypto services to clients
The lack of clarity from the Bank of Spain, the country’s central bank, has prevented these financial institutions from making their entry into the crypto space.
· Regulation
- Bitcoin could soar to $200K and gold to $10K within a decade as monetary crisis triggers inflation
The crisis could push Bitcoin (BTC) and gold to new record highs as these assets are set to become increasingly popular as a hedge against the incoming inflation.
· Insights & Views
- Crypto-cash exchange CoinMe partners with Coinstar to install 8,000 Bitcoin ATMs in Walmart stores
200 Bitcoin ATMs have already been installed inside various Walmart stores in the U.S. with plans of eventually installing as many as 8,000 Bitcoin ATMs across the country.
· Business
- Crypto exchange OSL expands to Argentina, Brazil, Colombia, and Mexico
To attract more Latin American clients into its platform, OSL is sweetening the deal by offering zero trading fees until the end of 2021.
· Business
- Bitcoin sets a new ATH as crypto’s price soars above $66K
After six short months, Bitcoin was finally able to smash its previous all-time of $64,899 set in mid-April.
· Insights & Views
- Carl Icahn sees Bitcoin becoming increasingly attractive due to inflation
However, the billionaire admitted that his firm has not made any investment in Bitcoin.
· Insights & Views
- Bitcoin could rise higher in the coming months but 70% of cryptos will likely fail in the long run, says Scott Minerd
Scott Minerd, Chief Investment Officer of Guggenheim Global, said that seventy percent of the coins are garbage and will go away.
· Insights & Views
- Crypto losses due to fraud in the U.K. up 30% to $200M
The total losses due to crypto fraud from January to October this year already surpassed losses for the entire year of 2020 by almost a third.
· Regulation
- New Bitcoin futures ETF could push BTC’s price as high as $168K, says Fundstrat
If the ProShares BTC ETF could manage to bring in $50 billion in its first year, it would imply an additional demand for Bitcoin of roughly $50 million per day.
· Insights & Views
- Huobi Japan gets approval to offer crypto derivatives trading services
The firm is now registered as a Type I Financial Instruments Business after it was approved by the Financial Services Agency (FSA), the country’s chief regulatory authority for financial services.
· Business
- SEC approves IPO of a Florida-based blockchain SPAC
BMAC’s IPO will list 10 million units at $10.00 per share on the Nasdaq Global Market with the ticker symbol “BMAQU.”
· Business
- 17.8% of Australians own crypto, says Finder study
Bitcoin, the world’s largest crypto by market cap, is the most popular digital currency among Australian’s with more than half (65.2%) of investors owning BTC.
· Insights & Views
- Brazilians bought $4.27B in crypto in the first 8 months of 2021
According to data released by the Central Bank of Brazil on October 15, monthly crypto volume peaked in May but declined in the months that followed.
· Insights & Views
- The next Bitcoin price crash will be ‘less severe’ than in the past, says Pantera Capital
This could also mean that future Bitcoin rallies could become milder in comparison
· Insights & Views
- MDS Mexico launches blockchain-based rapid covid-19 testing service
With the new service in place, patients can access test results, which are updated in real-time, via its digital platform.
· Technology
- El Salvadorians are now swapping their USD for Bitcoin
While some Salvadorians were initially skeptical of the government’s move to make BTC a legal tender in the country, the recent rise in USD-to-Bitcoin conversions seems to suggest a change in investor sentiment.
· Insights & Views
- Crypto has value but won’t likely replace USD for oil trading, says Putin
While Bitcoin and other crypto have their proven use cases, the Russian President is not yet convinced that crypto could be used for settlements in international oil transactions.
· Regulation
- Crypto isn’t a fad and won’t go away, says Morgan Stanley CEO
While there is interest in digital currencies from its clients, demand for crypto assets is not particularly huge at the moment.
· Insights & Views
- North American crypto market grows by over 1000% in 10 months fueled by DeFi
From just $14.4 billion in July 2020, monthly crypto transaction volume in the region rose to $164 billion in May 2021.
· Insights & Views
- Billionaires Mark Cuban Barry and Sternlicht believe Bitcoin is better than gold
Unlike gold which can be mined almost indefinitely, there’s a maximum limit to how many BTC could be mined.
· Insights & Views