What Tesla’s $1.5 billion bet on Bitcoin means for crypto legitimacy

Elon Musk, the billionaire chief executive of electric car-maker Tesla, recently announced his company had bought US$1.5 billion ($1.59 billion) worth of Bitcoins. Since then, the price of a single Bitcoin has surged almost 30 per cent. At one point, a single Bitcoin was worth nearly US$50,000 ($64,380). Following the recent surge (and subsequent fall)…

Bitcoin mining equipment maker Canaan skyrockets 41% as the cryptocurrency passes $50,000 for the first time | Currency News | Financial and Business News

Dado Ruvic/Reuters Shares of bitcoin mining equipment manufacturer Canaan Creative skyrocketed as much as 41% on Tuesday as bitcoin passed the $50,000 mark for the first time. Canaan’s stock has seen monumental price appreciation over the past six months, rising over 770% amid a historic run for cryptocurrencies and a shortage of crypto mining machines….

Market share of top crypto exchanges passes $1T: CryptoCompare report

Out of the 160 cryptocurrency exchanges analyzed in a recent report, half control roughly 85% of the total market share. According to a CryptoCompare Research report published today, exchanges that the analytics firm rated as “top tier” gained 13% of the market share from October 2020 to January. This put the market share of these…

New Bitcoin ETF Attempt, Diem’s Move, Ripple vs. SEC + More News

Source: Adobe/Ascannio Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, aims to launch a Bitcoin exchange-traded fund (ETF), per a filing with the US Securities…

Report urges US government to focus on blockchain, crypto and a ‘digital dollar’

As the COVID-19 pandemic unfolds, the Biden–Harris administration has begun implementing new strategies to restore the U.S. economy. While notable, implementing emerging technologies, while ensuring data privacy, should also be a top priority for the White House administration to consider. Don Tapscott, executive chairman of the Blockchain Research Institute — a think tank aimed at advancing blockchain…

Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Violations

The U.S. Securities and Exchange Commission (SEC) and Ripple said Monday there’s little chance of settlement ahead of the expected trial of the blockchain payments firm over alleged securities infractions. In a discovery letter addressed to Federal Judge Analisa Torres at the U.S. District Court for the Southern District of New York, the parties said…

Gaining Exposure to Crypto and DeFi Market Potential: Online Blockchain Investor Webinar | News

LONDON, Feb. 16, 2021 /PRNewswire/ — Online Blockchain PLC is pleased to announce it will be hosting an investor webinar via its broker, Monecor UK Ltd on Tuesday 23rd February 2021 at 17:00. The UK’s leading listed blockchain research and development company, Online Blockchain (LSE: OBC) is focused on innovation in cryptocurrency and decentralised ecosystems including decentralised…

Victory Square Technologies Signs Letter of Intent to Sell Desktop Miner, MicroBlock Miner and Crypto Wallet to Cloud Nine Group

VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, and cloud computing, is pleased to announce that it has signed a…