Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as […]
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CME is gaining presence in Bitcoin options in a market still dominated by Deribit and exchanges, new data reveals. Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows. According to monitoring resource Skew, the past weeks have seen CME dramatically […]
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A Californian homeowner is suing a prospective buyer for attempting to pay for 30% of the property using a “worthless” cryptocurrency. After attempting to sell her home, California-based psychologist Mary Shea is suing buyer, Mike Cherwenka, for attempting to pay for 30% of the property’s value in the form of a “worthless” crypto asset called […]
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Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry. The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry. Kvarøy Arctic is a […]
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Crypto derivatives monthly volume hit a new all-time high of $602 billion in May. Crypto derivatives monthly volume increased by one-third in May to hit a new all-time high of $602 billion, according to U.K.-based data aggregator CryptoCompare. The new record is only just a shade past the previous record in March of $600 billion, however,. […]
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Kyrgyzstan’s parliament is deliberating on a tax regime for miners that would be the country’s first regulated framework for crypto activities. Lawmakers in the Kyrgyz Republic are considering a bill to tax and regulate cryptocurrency mining activities. The bill, On Amending the Tax Code of the Kyrgyz Republic, seeks to increase government revenue by establishing […]
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How likely is it that Bitcoin trading volumes will top $1 trillion a day by 2025? In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S equity market, if growth rates are maintained. But how likely is it really? The report cites Bitcoin as an […]
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Speaking to the Coinist Podcast on June 4, CEO Su Zhu said he believes the Bitcoin price pattern that we saw on June 1 is likely to repeat. Su Zhu, the CEO of Three Arrows Capital, thinks that as long as crypto traders continue to do business with derivatives exchanges, you can expect to see […]
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Author Isaiah Jackson says Bitcoin can be an effective protest against financial institutions for those who can’t take to the streets. Bitcoin & Black America author Isaiah Jackson says that people invoking Bitcoin during the protests over the police killing of George Floyd have identified the “real enemy” — a legacy financial system that shuts […]
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Following a request for input on how crypto and banking can work together, new acting Comptroller of the Currency Brian Brooks talks first priorities in work with the industry. In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how […]
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