TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin (BTC) will continue to rise as long as companies and asset managers enter the market, says Deutsche Bank
The German bank noted that, with its trillion-dollar market cap, Bitcoin is too important to ignore.
· Insights & Views
- Retail investors buying more Bitcoin (BTC) than institutions, says JPMorgan
Retail investors are already outpacing their institutional counterparts in terms of the volume of Bitcoin (BTC) purchases.
· Insights & Views
- More than 2,400 suspected of using crypto to evade taxes being tracked by South Korea’s tax agency
South Korea's National Tax Service noted that around 36.6 billion won ($32.2 million) of assets are concealed using cryptos such as Bitcoin, Ether and Ripple.
· Regulation
- Visa to allow Bitcoin (BTC) buying and payments
Payments giant Visa plans to support Bitcoin buying using its cards as well as using BTC payments at 70 million merchants affiliated with the platform.
· Business
- Bitcoin (BTC) is worth more than the world’s three largest banks combined
BTC is now even more valuable than the combined market capitalizations of JPMorgan Chase, Bank of America, and ICBC.
· Business
- Crypto thief who hacked a major exchange and stole $620K detained by Romanian authorities
A man allegedly stole over $620,000 in cryptos from the 7t largest exchange in the world.
· Regulation
- Bitcoin (BTC) could grab up to $24B in investments from US stimulus checks, says survey
Forty percent of Americans say that they will invest a portion of their stimulus money on Bitcoin and stocks.
· Insights & Views
- Bitcoin’s (BTC) energy consumption has been taken out of context, says crypto expert
A crypto expert pointed out any modern technology requires power to operate, which is bound to increase over time.
· Technology
- India’s proposed crypto ban would make owning Bitcoin (BTC) and Ether (ETH) illegal
India could introduce one of the world's strictest policies against cryptos.
· Regulation
- Bitcoin (BTC) tax evader in Japan gets 1-year jail term and $200K fine
A 52-year-old officer worker in Ishikawa became the first person sentenced for evading Bitcoin taxes.
· Regulation
- Bitcoin (BTC) payments now accepted by Spanish real estate firm based in Tenerife
The rising adoption of crypto globally has prompted Spain's Piso Barato Immobiliaria to accept Bitcoin as a payment method.
· Business
- South Korea’s crypto mining equipment imports surged along with the market rally
Crypto mining has become very lucrative as the market rally pushed the prices of popular digital currencies such as Bitcoin (BTC) and Ether (ETH) to new all-time highs.
· Regulation
- AMD might introduce a GPU redesigned to mine the crypto Ether (ETH)
AMD appears to be following Nvidia's lead and introduce a repurposed graphics card to make it better suited for crypto mining.
· Technology
- Bitcoin (BTC) could be worth millions of dollars as it becomes the core of a new monetary architecture, says Norwegian billionaire
Kjell Inge Rokke is bullish that BTC could be worth millions per coin as his company, Aker ASA, puts up a Bitcoin and blockchain-focused subsidiary.
· Business
- Crypto social media influencers could face investigations by Portuguese authorities
Thousands have already signed an online petition urging the Portuguese police to investigate social media influencers that provide crypto investment advice.
· Regulation
- Bitcoin (BTC) and other cryptos could become part of the standard investment portfolio
Ark Invest’s Cathie Wood sees cryptocurrency, along with stocks and bonds, becoming part of the standard investment portfolio with a 20 percent allocation.
· Insights & Views
- Meitu enters into crypto with Bitcoin (BTC) and Ether (ETH) purchase worth $40M
Meitu is investing in Bitcoin and Ether as part of its treasury management and preparation to enter the blockchain industry.
· Investing
- PayPal to buy Curv as payments giant aims to accelerate and expand its crypto initiatives
PayPal's acquisition of the Israel-based crypto firm is reportedly worth less than $200 million.
· Business
- IRS to go after crypto investors with a new operation that will track unreported cryptocurrency-related income
The main objective of Operation Hidden Treasure is to “root out tax evasion from cryptocurrency owners.”
· Regulation
- ‘Crypto moms’ fuel the 'second boom' in South Korea’s cryptocurrency market
A study revealed that female investors aged 40 to 49 have been buying Bitcoin in recent weeks.
· Investing
- Bitcoin (BTC) reaching $1M in ten years a reasonable expectation, says Kraken CEO
A number of the crypto’s proponents are still bullish on Bitcoin’s long-term price trajectory.
· Investing
- Three-quarters of institutional crypto investors believe Bitcoin could reach $100K in 2021, says Goldman Sachs
61 percent of the survey’s participants say that they’ll likely increase their crypto holdings.
· Business
- More than a third of crypto investors not doing enough research before entering the market says survey
A survey by Cardify revealed that only 16.9 percent of investors fully understand cryptocurrencies.
· Insights & Views
- Proposed crypto investors requirements just meant to test public sentiment, says Thai regulator
The crypto market’s rally, which sent the prices of popular digital currencies such as Bitcoin (BTC) and Ether (ETH) to new heights, has attracted many new and sometimes inexperienced investors into the market.
· Regulation
- PayPal eyeing to buy crypto storage firm Curv
PayPal is in talks to acquire Curv, a technology company that offers secure storage of cryptocurrencies in a deal that could go as high as $500 million
· Business
- Crypto bank Unicas bets that the Indian government will approve the legitimate use of cryptocurrency
The crypto bank is unfazed by rumors of a cryptocurrency ban as it expanded its operating by opening another physical branch.
· Regulation
- More than two-thirds of crypto crimes in 2020 come from scams and frauds
The total amount lost due to crypto-related crimes almost reached $10.5 billion in 2020, which is slightly lower than 2019’s figure.
· Technology
- MIT’s Digital Currency Initiative raises $4M for the Bitcoin Software and Security Effort program
The initiative was able to raise $4 million from prominent backers in the crypto community for the purposed of hardening the Bitcoin network.
· Technology
- Goldman Sachs reopens crypto trading desk that will deal with Bitcoin (BTC) futures for clients
The Wall Street investment bank is also exploring crypto custody service and the potential of a Bitcoin ETF.
· Business
- Bitcoin’s (BTC) massive energy consumption could make the crypto unattractive to institutional investors
The environmental impact of crypto mining is a cause of concern to some institutional investors.
· Technology
- Bitcoin (BTC) could become the currency of choice for international trade, says Citi
Citi said that the crypto could either be heading to a “speculative implosion” or become the preferred currency for international trade in the future.
· Insights & Views
- Bitcoin (BTC) and other cryptos won’t be allowed to go mainstream, warns former IMF economist
The economist explained that governments and central banks are not too serious in regulating BTC at this point since its usage is limited.
· Regulation
- Crypto payments in Bitcoin (BTC), Ethereum (ETH), USDC, and DAI now supported in OLB’s OmniSoft business management platform
More than 8,500 merchants can now start accepting crypto payments as the OLB Group integrates cryptocurrency as a payment method.
· Technology
- Total assets under management for crypto ETPs rose by 50 percent since January
Despite the BTC price correction, total assets under management continue to grow in February.
· Insights & Views
- Bitcoin (BTC) might eventually replace bonds, says ARK Investment CEO
The ARK Investment founder also predicts that Bitcoin’s market cap could swell into the trillions.
· Insights & Views
- Bitcoin won’t replace gold but the precious metal won’t be displacing BTC either, says Goldman Sachs
Goldman Sachs analysts say that there's plenty of room for both Bitcoin and gold to peacefully coexist.
· Investing
- Institutional investors’ influence on Bitcoin’s (BTC) rise to $1T market cap might be overemphasized
Bitcoin market cap's rise to $1 trillion might have been triggered by retail investors and whales.
· Insights & Views
- Crypto fund manager Bitwise grows AUM to $1B with the rising demand for digital assets from investors
The bulk of the amount comes from its Bitwise 10 Crypto Index Fund, which accounts for over 90 percent of the total AUM.
· Business
- FCA releases recommendations to ensure that the U.K. remains a fintech powerhouse
The U.K. is already ahead of the curve when it comes to fintech adoption.
· Regulation
- Crypto mining becomes an alternative source of income for pandemic-hit South Korean PC gaming centers
South Korean PC gaming rooms are now mining Ether (ETH) to make things meet during the pandemic lockdown.
· Technology