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Silvergate Takes $586 Million In Cryptocurrency Deposits

Silvergate Bank is reaping rewards for some of the risks it took by being one of the first banks to let bitcoin companies open bank accounts. In an investor call today the La Jolla, California based bank revealed it accepted $586 million in cryptocurrency deposits in Q3 2020, bringing its total cryptocurrency assets to $2.1 […]

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Is Bitcoin Changing Hands Or Being Exchanged For Altcoins?

HODLers are known to sell at the top of the market cycle. However, since the price rally in July 2020, dormant coins from 2017 and 2018 are selling at the current price level. Pioneer of on-chain analysis, Willy Woo recently tweeted saying,In several instances in 2014, 2017, and 2018, HODLers have booked unrealized profits. However, […]

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Why Blockchain Exchanges Are Now Using Traditional Exchange Technology

Typically, blockchain exchanges and traditional exchanges, such as the Nasdaq or London Stock Exchange, have been seen as polar opposites where blockchain exchanges are seen as a more open, community-focused option, whereas traditional exchanges are seen as relics of the old financial system — stuffy and opposed to blockchain technology and crypto.This now seems to […]

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Gemini First US Exchange to Integrate With Samsung’s Blockchain Wallet

Samsung Blockchain users in the U.S. and Canada can now connect to Gemini’s mobile app to buy, sell and trade crypto after the companies built an integration between the two applications.  The Samsung Blockchain Wallet allows users to self-custody crypto directly on their Samsung Galaxy phones.  With Gemini Custody, Samsung users can now also transfer their crypto […]

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Square’s Cash App Now Allows Automatic Bitcoin Purchases

Square’s Cash App now allows users to schedule automatic bitcoin purchases at set time intervals – daily, weekly, or bi-weekly.The new feature, dubbed “Auto Invest,” follows the system of dollar-cost averaging, i.e., buying an asset in small amounts regularly, regardless of its price.“You don’t need perfect timing if you’re thinking long-term…By spreading purchases out, you […]

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JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services

JPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two clients being Coinbase and Gemini exchanges. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon, changed his mind about bitcoin.JPMorgan Chase’s Bitcoin ClientsJPMorgan Chase & Co. has reportedly started to accept clients from the cryptocurrency […]

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Report on China’s Blockchain Industry Weathering the Storm of COVID-19

The COVID-19 pandemic is threatening to plunge the world into the deepest crisis since the Great Depression and could deprive global economies of $5.5 trillion over the next two years. China’s economy shrank for the first time in 44 years. China’s gross domestic product fell by 6.8% in the first quarter compared with last year. […]

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Opera Browser Adds Apple Pay, Debit Card Cryptocurrency Purchase Options

The Opera browser app has partnered with e-payments startup Wyre to expand its built-in wallet’s crypto buying power, the Norwegian web developer announced Tuesday.In a deal that primarily caters to mobile crypto buyers in the U.S., the Opera-Wyre partnership brings Apple Pay functionality to iOS and debit card integration to Android. It lets users of […]

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China’s Central Bank to Inject $4.7M into Blockchain Trade Platform

The People’s Bank of China (PBoC) has secured $4.7 million in funding from China’s central government for its blockchain trade finance platform. The funding will be administered over three years and has been designated for research and development projects.The blockchain platform was initially revealed by the PBoC in Shenzhen during September 2018. The platform is […]

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