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Category: Cryptocurrency news

Citi Just Realized It Can’t Beat Bitcoin, Considers Joining Instead

U.S. financial services firm Citi considers offering Bitcoin services following a flood of interest from its clients. The firm is one of many banks that has warmed to cryptocurrency in recent times. Although Citi has only signaled an interest at this time, a new custody initiative backed by Fidelity could soon see hundreds of U.S. […]
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Square Revenues Triple, Fueled By Bitcoin Purchases

Square, Inc. (SQ) reported first quarter 2021 earnings this week, and the company revenues vastly surpassed the analyst’s expectations. Quarterly revenues to start the year came in at over $5B USD, compared to average analyst projections anticipated $3.37B. In the last quarter of 2020, the company purchased $50M worth of BTC, and followed that purchase […]
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New U.S Regulatory Agency Possibly In The Works To Oversee Crypto Exchanges Directly

The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, said Congress needs new regulatory frameworks for crypto exchanges. At present, no single agency is directly responsible for them, leading to an incoherent regulatory approach. A possible solution lies in the formation of a new agency to oversee crypto exchanges directly. Alternatively, an existing agency […]
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How DOGE Could Bring Doom To Crypto Rally

After an impressive overnight rally, Dogecoin (DOGE) crossed the $0.50 and smashed every resistance towards new all-time highs. The so-called meme cryptocurrency has surpassed the market cap of giant corporations in traditional finance, some have begun to question the existence of “the people’s coin”. Trader MeanHash, a Dogecoin holder, believes the cryptocurrency has the potential […]
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Buying Dogecoin With Stimulus Money Would Have Netted You Over $500k

The epic rise of Dogecoin continues to split the crypto community. But one thing that’s not being disputed is DOGE’s unreal performance. In fact, investing stimulus money into DOGE shows a significant outperformance over Bitcoin. With a seemingly unstoppable surge, is now the time to admit we were wrong about Dogecoin? Source: DOGEUSD on TradingView.com […]
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Dogecoin Is Cementing Alt Season, Here’s How

Since its debut in 2013, Dogecoin has continued to grow as the poster child of altcoins. As it gained popularity, it quickly became synonymous with wild price pumps because of its small value and concentrated holdings. According to Coin Metrics, the price of Dogecoin increased by approximately 40% on Tuesday. After bitcoin, Ethereum, and Binance […]
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VeChain’s New Patent Could Help Offset Carbon Emission

VeChain Global Technology has petitioned for a patent with the U.S. federal agency Patent and Trademark Office (USPTO). Filed on April 22nd, 2021, the application seeks to register methods, devices, blockchain nodes, and a system for carbon recording and trading, per the document published by the agency. The patent has been attributed to Jianliang Gu, […]
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China’s Central Bank To Work With Alibaba’s Ant On Digital Yuan

Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s central bank digital currency (CBDC). VOA quotes the Chinese state media Global Times. The Digital Yuan, also know as Digital Renminbi or e-CNY, […]
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