TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Ether (ETH) could overtake Bitcoin (BTC) and become the top store of value crypto, says Goldman Sachs
Ether’s advantage lies in the fact that it is the native cryptocurrency of the Ethereum blockchain, which is the platform used by most DeFi and NFT projects.
· Insights & Views
- Mastercard’s crypto rewards program could help get more people involved in crypto
A Mastercard exec described the company's decision to offer crypto rewards as 'an act of brilliance.'
· Business
- PayPal users will soon be able to send crypto to third-party wallets
PayPal will introduce a feature that allows customers to withdraw in cryptos.
· Business
- Crypto exchange Poloniex accused of disregarding Ontario securities law
The Ontario Securities Commission accused Poloniex of not registering as a crypto exchange and not filling a prospectus with the regulator.
· Regulation
- Crypto app Luno’s Bitcoin (BTC) ad ruled irresponsible and misleading by UK’s advertising watchdog
Crypto app Luno ran a high-profile BTC ad campaign that was featured heavily across the city’s rapid transit system called the London Underground as well as the bus network since December last year,
· Regulation
- Iran stops all crypto mining activities until the end of summer
Both authorized and unauthorized miners in Iran are covered by the temporary ban.
· Regulation
- Chinese Bitcoin traders remain a significant force in the BTC trade despite government crackdown
More traders are now using stablecoins such as USDT for their transactions.
· Regulation
- Crypto’s volatility won’t diminish institutional interest, says Goldman Sachs
Goldman Sachs global head of digital assets Mathew McDermott also revealed that there are still barriers hindering the increased participation of institutions in the crypto space.
· Insights & Views
- Announcement of Bitcoin (BTC) Mining Council worries some crypto proponents
Some crypto proponents say the closed-door meeting that created the new council reminded them of the highly controversial Hong Kong and New York Agreements.
· Insights & Views
- South Africa Reserve Bank starts CBDC feasibility study
South Africa just joined the growing number of countries testing out the possibility of issuing their own central bank digital currencies.
· Regulation
- Tom Lee still believes Bitcoin (BTC) could reach $100K by year-end
The recent price volatility of Bitcoin has not changed Lee's Bitcoin price prediction for 2021.
· Insights & Views
- Novogratz believes Ether (ETH) could to as high as $5K as he reveals 85% of his wealth is in cryptos
Galaxy Digital's Mike Novogratz described the opportunity in crypto as a once-in-a-generation move.
· Insights & Views
- Crypto investors want Elon Musk to stop posting tweets about crypto
Some are concerned that Musk's posts will only confuse retail investors.
· Insights & Views
- U.S. dollar could lose global reserve currency status if government falls behind in CBDC development
Federal Reserve Governor Lael Brainard urged the government to lead the CBDC race to preserve the dollar's status in international finance.
· Regulation
- HSBC has no plans to offer crypto services, says bank’s CEO
HSBC CEO Noel Quinn cites the volatility of cryptos as the main reason for the bank's decision not to offer crypto-related services.
· Business
- Elon Musk tweets on Bitcoin (BTC) miners’ plan to use renewal energy
Tesla CEO's recent tweet appears to have stabilized Bitcoin's (BTC) price as crypto traded within the $37K-$39K range.
· Insights & Views
- Ray Dalio prefers having Bitcion (BTC) to bond and admits owning some of the crypto
Dalio expressed concerns about the possibility of increased government regulation over the crypto industry.
· Insights & Views
- Digital asset investment firm CoinShares posts a 334% year-on-year increase in income for Q1 2021
The impressive growth is attributed to the crypto bull market which fueled a rise in both management fees and trading gains.
· Business
- Bitcoin (BTC), Ether (ETH), and other cryptos rebound after last week’s plunge
Institutions and wealthy investors led the charge as they buy the dip and accumulate more coins, which indicates that they remain long-term bullish on Bitcoin.
· Insights & Views
- Crypto exchanges Huobi and OKEx suspend some crypto services after China’s crackdown
China's recent crypto warning might have caused a few crypto exchanges to suspend some of their crypto-related services.
· Regulation
- Crypto-lending firm BlockFi erroneously sent Bitcoins (BTC) worth millions of dollars to some user accounts
The crypto firm erroneously sent promo payments in Bitcoins (BTC) rather than in U.S. dollars.
· Business
- Elon Musk says he supports crypto in its battle against fiat
After announcing Tesla's decision to cancel the acceptance of Bitcoin payments, Musk came forward to express his support for crypto.
· Insights & Views
- Crypto, just like gold, is here to stay, says David Rubenstein
The Carlyle Group co-founder and co-chairman said that it's "unrealistic" for the government to stop crypto being something investors want.
· Insights & Views
- Bitcoin (BTC) bull run not yet over but recovery from current pullback could take time
Bitcoin analyst Willy Woo believes Bitcoin is still in the middle of the bull market.
· Insights & Views
- Bitcoin could reach an all-time high above $300K by mid-October, says crypto analyst
Parallex Digital founder and CEO Robert Breedlove also expects BTC's price to soar to $12M in a decade.
· Insights & Views
- Bitcoin (BTC) falls to $36K after China calls for crackdown on crypto mining
Chinese miners are unsure of what the impact of Vice Premier Liu He's statement might be on the industry.
· Regulation
- Institutional crypto investors accumulate Bitcoin (BTC) during Wednesday’s massive correction
Outflows from wallets linked to over-the-counter (OTC) desks spiked on Wednesday and Thursday suggesting institutions are buying BTC while its price is down.
· Insights & Views
- Crypto exchange Bitonic don’t need to fulfill crypto wallet verification requirements set by the DNB
The Rotterdam District Court ruled in Bitonic’s favor acknowledging the exchange’s doubts on the legality of DNB’s wallet-verification requirement.
· Regulation
- Crypto transfers worth $10,000 and above must be reported to the IRS, says Treasury Department
The new reporting requirement is part of the Biden administration's broader plan to curb tax evasion and promote compliance.
· Regulation
- Bitcoin’s (BTC) recent pullback is ‘pretty routine,’ says Bill Miller
Investor Bill Miller remains unfazed even with Bitcoin dropping to just above $30,000 from its all-time high above $64,800 set last month.
· Insights & Views
- Ether (ETH) has better shot at becoming a commodity than Bitcoin (BTC), says NYU professor
New York University Stern School of Business professor of finance Aswath Damodaran described Ether (ETH) as a better lubricant of blockchain transactions.
· Insights & Views
- Crypto crash leaves regulators and lawmakers searching for ways on how best to regulate the digital assets market
The recent crypto market correction could lead to the formulation of new regulations for the market.
· Regulation
- Crypto not a fad and the government has no issue with crypto investments, says Australian Minister
Financial Services Minister Jane Hume said that investors should be aware of the risks involved when investing in cryptos.
· Regulation
- Wells Fargo plans to offer actively managed crypto funds to select clients by June
The bank's wealth and investment management division will be offering an actively managed crypto strategy to its wealthy clients.
· Business
- Crypto scammers asking Bitcoin wallet keys via fake letters using OCC’s name
Consumers have reported receiving fake emails asking for their Bitcoin wallet information.
· Regulation
- Bitcoin (BTC) now ‘on sale’ but crypto could still rise to $500K, says Ark’s Cathie Wood
Wood also said that the market downturn has increased the chances of a bitcoin exchange-traded fund in the U.S. being approved this year
· Insights & Views
- Crypto market correction an opportunity for long-term investors to buy Bitcoin (BTC) and Ether (ETH)
Season crypto traders believe that the pullback is the perfect opportunity to buy cryptos at low prices.
· Investing
- Whales buying Bitcoin as other investors panic sell when BTC plunged below $31K
Market data revealed that whales took the price crash as an opportunity to accumulate more Bitcoin at lower prices.
· Insights & Views
- Bitcoin (BTC) trading at a premium of more than $5K on South Korean exchanges
The kimchi premium is the difference between Bitcoin’s price on South Korean exchange and the rate on international platforms.
· Insights & Views
- Bitcoin (BTC) could rise to $250K and Ether (ETH) to $20K in 12 months fueled by adoption and approval of an ETF in the U.S.
Raoul Pal expects the approval of an ETF, along with the fast-paced adoption of cryptos, will serve as the rocket fuel for BTC's rise.
· Insights & Views