Jack Dorsey’s Block to shutter UK operations for Cash App
The app, one of the products of payments firm Block, had been operating in the United Kingdom since 2018.
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GBTC delivered better returns than Bitcoin ETFs last week
Grayscale's flagship Bitcoin fund had no competition from the newly-launched ETF products in their first seven days, figures show. 1152 Total views 24 Total shares Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly-launched exchange-traded funds (ETFs) last week, data shows.Figures shared by Grayscale executives among others confirm that GBTC quietly delivered…

NY Attorney General sues crypto trader NovaTech, claims $1B fraud
Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.

Is Bitcoin Really Selling for $76,000 in Zimbabwe?
Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2.Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading in foreign fiat currencies, local traders have reportedly seen asking prices of as high as…

Elon Musk scales back Dogecoin hype while DOGE price rebounds 23%
Musk appeared to cool the hype on Dogecoin while suggesting the meme coin's fate was now in the hands of the gods. 9372 Total views 33 Total shares Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla CEO appeared intent on cooling the flurry of hype he’d created around the meme cryptocurrency…

Merging traditional finance and DeFi is critical for mass adoption
When capital markets opened for the first time this year on Jan. 4, 2021, the focus of the front page of the Financial Times was squarely aimed at Bitcoin (BTC) with the headline: “Bitcoin tops $34,000 as record-breaking rally resumes.” That Bitcoin is seeing institutional buy-in on a level unsurpassed in its history is certain, but…

Fireblocks Integrates Chainalysis’ Know Your Transaction Feature
Fireblocks will now utilize Chainalysis' Know Your Transaction tool to streamline compliance and Anti-Money Laundering measures. 2237 Total views 37 Total shares Blockchain analysis company Chainalysis is partnering with institutional digital-asset security specialist Fireblocks to integrate its Know Your Transaction (KYT) system to monitor crypto transactions within the platform.According to an announcement on June 15,…

Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE
The bears are attempting to sink Bitcoin (BTC) below $19,000 to further cement their advantage over the crypto market. Analysts watching Bitcoin’s MVRV-Z Score, a metric which measures how high or low Bitcoin’s price is relative to “fair value,” expect an even deeper fall before the bottom is finally reached.However, economist, trader and entrepreneur Alex…

Monex’s US Subsidiary TradeStation to Launch Crypto Lending Service
U.S. online brokerage TradeStation will soon launch its own cryptocurrency lending service. 2743 Total views 18 Total shares United States-based TradeStation, a subsidiary of Japanese firm Monex Group, is planning to launch a crypto lending service.The plan was announced in Monex’s earning report published on July 29. Called “Crypto Earn” the new lending service is…