Monthly Archives: February 2021

Corporate buy-ins could take Bitcoin price over $500K — report

With appetites for BTC allocations firmly present, calculations suggest that even small buy-ins would have a dramatic effect on price action. Bitcoin (BTC) could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency. In one of the various conclusions from its latest report, “Bitcoin: Preparing for Institutions,” investment firm ARK Invest said that even a 1% allocation from S&P 500 companies would be enough to increase BTC/USD spot prices by $40,000. Minimum corporate BTC allocation: 2.55% […]

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Gemini Launches Interest-Earning Program For Bitcoin

Today, cryptocurrency exchange Gemini has launched an interest-earning program called Gemini Earn for select customers. With it, users can receive up to 7.4 percent annual percentage yield (APY) on the bitcoin or other cryptocurrencies they hold in their Gemini accounts.  In a release shared with Bitcoin Magazine, Gemini called the program the first cryptocurrency-based, interest-earning product available in all 50 states. The exchange expects to roll Gemini Earn out to all users in the coming weeks. “We designed a program that allows our customers the ability to […]

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Brave New Coin partnership will help Nevada crypto users reach new ‘high’

Cannabis users in the state may soon be able to pay for their green without cash. Digital asset market data firm Brave New Coin may soon be helping Nevada residents buy marijuana using crypto. According to Brave New Coin, blockchain firm Multichain Ventures will be using the company’s data and pricing infrastructure to fulfill regulatory requirements for cannabis businesses in the state of Nevada. Recreational and medical marijuana has been legal in Nevada since 2016, but a bill introduced to the state’s legislature two years ago seeks […]

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Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering

Gemini’s new interest-earning program allows customers to earn interest on 26 crypto assets supported by the platform. Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC) and others. The program is immediately available for select Gemini customers, while a full-scale rollout is […]

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Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster

An IPO is reportedly off the cards for now as Robinhood continues to deal with the fallout from the GameStop saga, and the resultant plunge in public confidence. Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the company in the wake of its response to the short squeeze on GameStop (GME). According to Fox Business Network’s Charles Gasparino, sources inside Robinhood say the company’s only focus is surviving the fallout from the drama it currently […]

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Indian Government Clarifies Position on Cryptocurrency and Digital Rupee

The Indian government has clarified its position on cryptocurrency and the country’s digital currency in answers provided by the Ministry of Finance in Rajya Sabha, the upper house of India’s parliament. The Indian crypto industry sees this clarification as positive news and that the government is unlikely to impose an outright ban on cryptocurrencies, including bitcoin. Indian Government Answers Questions About Cryptocurrency and Digital Rupee Rajya Sabha, the upper house of India’s parliament, published a list of questions and written answers on Feb. 2 that include the […]

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Robinhood CEO to reportedly testify before US House committee over GameStop

Regulators want to know the details of the GameStop short squeeze. Robinhood CEO Vlad Tenev will reportedly testify before the United States House Financial Services Committee over the firm’s role in the volatile trading of GameStop and other volatile stocks. According to a report by the American political publication Politico, Tenev is expected to participate in a virtual hearing headed by Representative Maxine Waters (D-Calif.) on Feb. 18. Politico’s report cited anonymous people familiar with the matter. Waters officially announced the Financial Services Committee’s plans to hold a […]

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The Crypto Blog on Medium is Looking for Authors

We have recently started something new – a Crypto Blog publication on Medium as a kind of experiment. It is targeted at a wider audience that may be interested in crypto, but not so advanced or into it for as long as others following the Cryptomining Blog. It is covering pretty much the same topics, but often in more detailed and/or user friendly way suitable mostly for the audience of Medium which is not mostly advanced crypt users. The Crypto Blog Medium publication is looking for authors […]

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21Shares to list Polkadot ETP on Swiss SIX exchange

21Shares’s Crypto Basket ETP has also replaced Bitcoin Cash with Polkadot. 21Shares, a major provider of cryptocurrency exchange-traded products, or ETP, is launching the world’s first Polkadot (DOT) ETP. The new product, DOT ETP, will be listed on the Swiss SIX exchange on Feb. 4, 2021, 21Shares announced Tuesday. The new ETP comes shortly after Polkadot was added to 21Shares’ major ETP product Crypto Basket ETP (HODL) on Jan. 29. Tracking five major cryptos like Bitcoin (BTC) and Ether (ETH), HODL has removed Bitcoin Cash (BCH) and […]

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Grayscale may jumpstart the next phase of the Bitcoin bull run tomorrow

A release of funds from lock-up traditionally heralds the start of price upside and ends consolidatory phases, data shows. Bitcoin (BTC) may have traded sideways for much of last month thanks to Grayscale, but the status quo will soon change. According to data from on-chain analytics resource CryptoQuant, the price premium of the Grayscale Bitcoin Trust (GBTC) just hit its lowest since April 2019. Grayscale lock-up ends Wednesday Grayscale has made the headlines frequently this year thanks to record BTC purchases and record demand, but despite the […]

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