Hive Digital clocks $29.2M in Q3 revenue as Bitcoin hodl position surges

GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance. 50 Total views 2 Total shares ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX.GMEX has acquired ING’s institutional-grade digital asset custody solution…

Tim Plakas has left the major United States crypto exchange Coinbase to join the cryptocurrency bank founded by Michael Novogratz, Galaxy Digital, an anonymous source purportedly told The Block on May 28.Plakas’ departure follows four senior executive departures from Coinbase in approximately the last seven months.Plakas reportedly held the position of over-the-counter (OTC) trading head…

The 2020 Chinese Blockchain Innovation rankings have been released. Beijing has been named as China’s top blockchain city in the 2020 Chinese Blockchain Innovation Rankings ahead of the blockchain hub of Shenzhen.The rankings were revealed in a special session at the China International Fair for Trade in Services Summit. According to Finance China, Beijing had…

A new CNBC survey suggests that only 8% of Americans have a favorable view of cryptocurrency as of the end of November, down significantly from the 19% recorded in March. CNBC’s All-America Economic Survey was conducted between Nov. 26 and Nov. 30. It, however, should be taken with a grain of salt as, despite its…

This week’s Crypto Biz explores the departure of Jump Crypto’s CEO, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and other news.

The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes. 601 Total views 1 Total shares Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources.…

The United States SEC may not approve a Bitcoin exchange-traded fund until 2023, according to a former BTC ETF expectant. 822 Total views 7 Total shares William Cai, co-founder of investment firm Wilshire Phoenix, is the latest person to cast doubts on the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United…

About one-third of institutional investors surveyed by Fidelity said they have invested in digital assets. 25% of the survey participants said that they hold Bitcoin (BTC) and 11% confirmed that they hold Ether (ETH). While these are encouraging signs, the future looks even brighter as 91% of survey participants expect to hold at least 0.5%…

2020 is no exception to the rule that putting $1 into Bitcoin nets investors more than traditional assets. Bitcoin (BTC) still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade.In a knock to gold bugs, data shows that despite gold’s run this year, Bitcoin still trumps…