From the Blog

ETH mining still highly profitable despite upcoming Eth2 upgrade

February 24, 2021

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Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus. The past few months have been phenomenal for much of the cryptocurrency space, as the likes of Bitcoin (BTC), Ether (ETH) and various other coins have seen […]

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Chainlink rolls out OCR system upgrade, reducing gas costs tenfold

February 24, 2021

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Chainlink (LINK) has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already. OCR changes how data across multiple sources is joined together by the oracle network. Previously, the process of aggregating different readings of the […]

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Sam Bankman-Fried: The crypto whale who wants to give billions away

February 24, 2021

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Like many people in crypto, Sam Bankman-Fried is in it for the money. As the founder of quant trading firm Alameda Research, exchange FTX and DeFi protocol Serum, the curly haired 28-year-old has amassed a $10 billion fortune in just three years in the industry. Unlike most people in crypto though, he’s building up a […]

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Total estimated crypto users worldwide tops 100 million, survey finds

February 24, 2021

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Bitcoin’s runaway growth in January boosted the global crypto user base by close to 16%, according to an analysis from Crypto.com. 4546 Total views 15 Total shares Crypto exchange and debit card provider Crypto.com has published a new report estimating that the total number of crypto users globally rose from 66 million in May 2020 […]

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‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor

February 24, 2021

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Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest […]

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Tokenization of assets is not taking off, but it really should

February 24, 2021

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For years, experts have been talking about how tokenization — the act of creating a digital representation of an asset on a distributed ledger — of a financial or real asset can unlock trillions in illiquid assets, giving retail investors access to investments with previously high minimum capital requirements thanks to fractional ownership or settle […]

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DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

February 24, 2021

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Polychain Capital has bet on a new decentralized finance exchange protocol looking to boost the adoption of stablecoins in DeFi. 4814 Total views 20 Total shares Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins. DFX raised more than $5 […]

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Crypto on-ramp hits Opera browser following Simplex integration

February 24, 2021

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Integration with payment processor Simplex means Opera browser users now have another route from fiat into crypto. 2757 Total views 27 Total shares Users of the Opera web browser will now be able to purchase cryptocurrencies directly within the application following a partnership with Simplex. Founded in 2014, Simplex is a European Union-licensed fintech company […]

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MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC

February 24, 2021

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CEO Michael Saylor said the firm doesn’t intend to slow down the rate of its Bitcoin acquisitions after buying another $1 billion worth of BTC. 4797 Total views 66 Total shares Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Wednesday after purchasing an additional 19,452 coins, taking its total haul to […]

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CoinShares launches new physically-backed Ether ETP

February 24, 2021

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Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange. 3738 Total views 27 Total shares Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with […]

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