TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- North America could lead in Bitcoin (BTC) hashrate dominance as China’s capacity drops
North American firms would need to invest nearly $4B to buy 630,000 ASICs and add another 63 EH/s.
· Business
- Ether (ETH) balances on centralized platforms plunge to their lowest in two years as demand continues to rise
The level of ETH on centralized exchanges fell to its lowest since June 2019.
· Investing
- Altcoins’ share up 95% as BTC’s share dips to 5% of total trading volume, alarming South Korea’s banking association
The Korean Federation of Banks expressed concerns about the potential risks for banks that provide services to platforms that might be overexposed to altcoins.
· Regulation
- Bitcoin (BTC) could reach $250K in 5 years but only a couple of protocols could survive, says Mark Yusko
The Morgan Creek Capital Management CEO and cofounder network adoption and increased usage could fuel Bitcoin's future rally.
· Insights & Views
- Swiss bank UBS considering crypto investment options to offer to its wealthy clients
UBS is reportedly concerned that it may lose clients to competitors if it doesn't offer crypto services.
· Business
- Ether (ETH) sets new ATH above $4K with a year-to-date return of 468%
Ether’s market cap has now risen to $481 billion inching closer to that of JPMorgan Chase, the largest bank in the U.S., which is valued at $488 billion.
· Investing
- South Korean crypto exchange operator gets investment from Digital Currency Group
Digital Currency Group becomes the second-largest shareholder of South Korean crypto exchange operator Streami.
· Business
- Square’s Bitcoin (BTC) revenue up 11 times to $3.51B for Q1
Square's total Q1 revenue of $5.06 billion outpaces analysts' forecast of $3.36 billion.
· Business
- Visa and Tala’s partnership brings crypto to underbanked populations in emerging markets
The partnership allows Tala to issue Visa cards that are linked to Tala's crypto wallet.
· Business
- Over two-thirds of millennials open to crypto, says Mastercard
Threw-quarters of millennials says they will use crypto if they understood it better.
· Insights & Views
- DBS Digital Exchange’s trading volumes rise to $40M in four months
DBS says there's high interest in crypto trading and digital custody services from its clients.
· Business
- Crypto investors in Thailand need to be physically present for identity verification under new regulation
Crypto exchanges are required to verify their customers' identities using a machine that requires the physical presence of their clients.
· Regulation
- Ghana’s SEC urges the public not to engage in crypto transactions as digital currencies are unregulated
SEC Deputy Director-General Paul Ababio hinted that crypto regulation is in the works.
· Regulation
- Bitcoin (BTC) on track for $100K target as crypto market on track to hit $5T, says FundStrat
Increased corporate participation could fuel Bitcoin's rise.
· Insights & Views
- FundStrat says Ether (ETH) could reach $10K adding the crypto is still cheap even after reaching new ATH above $3K
Even after reaching above $3K, FundStrat says ETH is still cheap considering the recent developments in the DeFi sector.
· Insights & Views
- Bitcoin (BTC) seized in 2018 nearly triples in value as Monmouth County liquidates digital assets
The cryptocurrency was seized during a 2018 illegal narcotics distribution raid in Long Branch.
· Regulation
- Blockchain-based national land registry in Australia being recommended by a Senate committee
Senate Committee on Technology and Finance recently published a report that made several recommendations on issues surrounding blockchain and cryptocurrencies.
· Regulation
- Mercado Libre accepts Bitcoin (BTC) as payment for real estate purchases
South America's largest e-commerce platform is offering 75 properties that can be purchased only in Bitcoin (BTC).
· Business
- Crypto custody services will soon be available to customers of US Bank
America's fifth-largest financial institution reveals its crypto-related initiatives.
· Business
- Financial institutions’ interest in the Ethereum network helped ETH soar to new ATH
Institutions and major banks worldwide have shown increasing interest in the Ethereum blockchain network lately.
· Business
- Crypto firms Coinbase and DCG make it to Time Magainze’s 2021 Top 100 Most Influential Companies
Coinbase was included in the Titan's category while the Digital Currency Group was included in the Disruptors category.
· Business
- Turkey’s new crypto regulatory framework in the works but the country won’t ban cryptocurrency
Turkey decided to accelerate its crypto regulations after the collapse of two exchanges last week.
· Regulation
- Crypto comments made by the FCA chair angers South Korean citizens who now demand his resignation
More than 146,000 people have already signed for the voluntary resignation of Financial Services Commissioner Eun Seong-soo.
· Regulation
- Ether (ETH) sets new ATH as Bitcoin (BTC) recovers to above $54K
The European Investment Bank's announcement of the issuance of a 100 million euro bond on the Ethereum network helped fuel ETH's recent rally.
· Investing
- Bitcoin’s (BTC) correction rattles newer investors but long-time holders remain confident, according to Glassnode
Glassnode revealed that most of the sellers during the Bitcoin price correction
· Investing
- Some young Koreans are quitting their jobs to focus on Bitcoin (BTC) and crypto trading
Young Korean employees are turning to Bitcoin (BTC) and crypto investing as a way to generate wealth to fund their lifelong dreams, such as owning a house of their own.
· Business
- 1 in 7 Russians believe crypto will replace fiat in a decade, according to a survey
Moscow-based Otkritie Bank recently conducted a survey to uncover attitudes Russian consumers have on crypto.
· Business
- George Residence in Lagos becomes first Bitcoin(BTC)-accepting hotel in Nigeria
The luxury hotel also announced that it already converted 50 percent of its cash reserves to BTC.
· Business
- JPMorgan could launch a Bitcoin (BTC) fund by summer
JPMorgan is preparing to offer a Bitcoin fund to its private wealth clients according to sources familiar with the matter.
· Business
- SEC Commissioner expects the government to regulate but not ban Bitcoin (BTC)
SEC Commissioner Hester Peirce said that it would be hard for the government to ban peer-to-peer technology.
· Regulation
- Bitcoin (BTC) payments now accepted in Seville, Spain’s Hotel Bécquer and Hotel Kivir
Two of Seville's four-star hotels have partnered with the crypto exchange Criptan to allow them to accept payments in digital currencies.
· Business
- Bitcoin’s (BTC) recent correction setting the stage for a more stable growth, says crypto expert
Despite the massive correction in Bitcoin's price, some experts remain optimistic about the crypto's growth potential.
· Insights & Views
- Chinese banks promoting CBDC over Alipay and WeChat Pay
Consumers and retail outlets are urged to download the digital wallet and use the digital yuan ahead of a shopping festival.
· Regulation
- CEO of a crypto exchange in Turkey goes missing allegedly taking $2B with him
Faruk Fatih Ozer, CEO of the crypto exchange Thodex, denied allegations and explained that he went abroad to meet with investors.
· Regulation
- P2P crypto trading volumes continue to rise in Egypt despite central bank warning
Crypto trading volumes in Egypt surged during the first quarter of 2021 mainly driven by investors below 34 years of age.
· Regulation
- Crypto worth $22M including BTC, ETH, and XRP seized from tax delinquents by the city government of Seoul
Tax authorities were able to locate the crypto holdings of 1,566 tax delinquents.
· Regulation
- Bitcoin (BTC) price drop an opportunity for crypto investors to buy during the dip, says Stack Funds
Singapore-based Stack Funds noted that Bitcoin downturns have occurred month every year but they were followed by sharp recoveries.
· Insights & Views
- Crypto exchange Coinbase moves ahead with its India expansion and has hired a former Google exec to head the unit
After tapping Pankaj Gupta to head its India operations, Coinbases has started hiring.
· Business
- Bitcoin mining rig manufacturer Canaan to supply 11,760 machines to Mawson for its U.S. and Australian mining operations
The Bitcoin mining rigs will add a total hashrate of 1.05EH to Mawson’s global mining operations.
· Business
- 11 cryptos added to Revolut’s platform as fintech firm expands into India
More than 20 cryptos are now available to trade on Revolut's app.
· Business