Crypto-supporting banking app Revolut has raised $500 million in a fresh funding round and tripled its valuation to hit $5.5 billion. United Kingdom-based digital bank Revolut has raised $500 million in a fresh funding round and tripled its valuation to hit $5.5 billion. This, as the Financial Times reported on Feb. 25, makes the crypto-supporting […]
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Warren Buffett recently said that he does not own any cryptocurrency, but Tron founder Justin Sun said that this is not the case. Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ. Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said […]
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In a mainstream media interview, Draper surprises by confirming he was out of the market for half a year, doubling down on crypto instead. Tim Draper now holds “a lot” of his portfolio in Bitcoin (BTC) after pulling his wealth out of public stock markets six months ago. Speaking to CNBC on Feb. 24, the […]
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Boerse Stuttgart has listed an exchange-traded product that is inversely correlated to Bitcoin’s price swings. Investors looking to short Bitcoin (BTC) have a new option in Germany. On Feb. 25, Boerse Stuttgart — the country’s second-largest stock exchange — announced the listing of an exchange-traded product (ETP) that is inversely correlated to the cryptocurrency’s price […]
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The Japan-based cryptocurrency exchange announced a 12th currency would soon be available for trading. Japan may be on its way to creating a state-issued digital currency, but local companies in the world’s third-largest economy can still innovate and provide some healthy competition. Coincheck, the crypto exchange based in the Asian nation, currently handles trading, selling, […]
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The fourth-wealthiest person in the world doesn’t think cryptocurrencies have anything to offer. “Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday. Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO […]
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The lawsuit against Tether is proceeding, but first a New York judge needs to decide which law firm takes lead on the case. In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel […]
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Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. […]
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The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year. When you file your taxes this year, the Internal Revenue Service will ask you a simple question: “At any time during 2019, did you receive, sell, send, exchange […]
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Bitcoin price needed to pull back and consolidate before continuing the uptrend but another drop below $9.4K would be problematic. While the equity markets are taking a huge hit today, the cryptocurrency market and Bitcoin (BTC) price are remaining relatively stable over the weekend and into the start of this week. As the stock market […]
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