Author: Crypto Nanobot

Betting on tax bill FUD: 5 things to watch in Bitcoin this week

August 2, 2021

Crypto Nanobot 0

Bitcoin (BTC) is at a crossroads as it starts a new week — hovering around $40,000 but with serious headwinds keeping it from bouncing higher. After an impressive weekend that saw highs above $42,500, a comedown saw BTC/USD lose the $40,000 mark. A reversal and consolidation were broadly expected — the pace of gains over […]

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Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn

August 2, 2021

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Matrixport, a part of Jihan Wu’s Bitmain exit strategy, is now valued at over $1 billion in just 2 years. 80 Total views 99 Total shares Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a […]

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Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square

August 2, 2021

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Jack Dorsey’s Square made more than 90% more gross profit than the same period last year, with $546 million coming from Cash App’s Bitcoin services. 1764 Total views 9 Total shares Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY). The company announced the impressive earnings figures […]

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Nigerian crypto adoption rises despite govt crackdown

August 2, 2021

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Nigerian cryptocurrency adoption continues to rise in spite of government crackdown, with peer-to-peer (P2P) trade volume for Bitcoin posting its second strongest week on record last month. According to data from Google Trends, Nigeria still ranks number by search interest for the keyword “Bitcoin” as of this writing. P2P Bitcoin trading denominated in the Nigerian […]

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DHedge scales up on Polygon, integrates with SushiSwap

August 2, 2021

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dHEDGE’s “v2” Polygon deployment boasts a SushiSwap integration enabling asset managers to access Sushi’s DEX and yield farming functionality. 2228 Total views 8 Total shares Decentralized asset management protocol, dHEDGE, has launched its V2 deployment on Polygon. The new platform also boasts an integration with popular decentralized exchange, SushiSwap. Speaking exclusively to Cointelegraph, dHEDGE’s Henrik […]

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Top 5 cryptocurrencies to watch this week: BTC, UNI, LINK, SOL, XMR

August 1, 2021

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Bitcoin’s (BTC) 43% rally from $29,482.61 on July 21 to $42,316.71 on July 30 has invigorated the bulls who had been sitting on the sideli. After the sharp rise, some analysts are debating whether Bitcoin could repeat its sharp bull run seen in 2013 and 2017. Vailshire Capital founder and CEO Jeff Ross highlighted that […]

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Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy

August 1, 2021

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“More than 70% of the adult population of El Salvador does not have a bank account,” reads the latest Global Research report from Bank of America. “For that reason, democratizing access to electronic payments, through Bitcoin, has a progressive touch.” 12687 Total views 132 Total shares Bank of America, one of the nation’s largest financial […]

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PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows

August 1, 2021

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The new hires will help PayPal expand its crypto-focused business offering at a time of rapid adoption of Bitcoin and Ether. 9977 Total views 24 Total shares Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Ireland offices, further highlighting the company’s ambitions in the rapidly growing digital […]

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NFTs are a game changer for independent artists and musicians

August 1, 2021

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The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top businessmen and media moguls, such as Mark Cuban and Gary Vee, still […]

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BlockFi faces regulatory heat, a sign of possible crypto lending regulations?

August 1, 2021

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BlockFi’s eventful 2021 has continued in the second half of the year as state regulators in the United States began to crack down on the company’s crypto interest-bearing accounts. The move likely marks another operational headache for the non-bank lender in a year of substantial fundraises and public listing plans interspaced by controversy and technical […]

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