The Bitcoin miner manufacturer saw its year-on-year revenue tumble amid supply chain disruptions and a global chip shortage. Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020. According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s net loss for 2020 was […]
Why cryptocurrency is booming in India despite national ban fears
Cryptocurrency is taking off in India despite regulatory fears, which many are now dismissing as nothing but FUD. India has been the subject of intense speculation regarding the future legal status of Bitcoin (BTC) and other cryptocurrencies in recent months. Speculation went into overdrive in February when an anonymous Indian minister told Bloomberg that a […]
Want to buy Coinbase stock now? Here’s how to get exposure before April 14
Other than buying Coinbase stock when it lists, retail parties can trade Coinbase stock price action on FTX, but not if they are in the United States. Crypto exchange Coinbase intends to go public via a direct listing on April 14, based on recent information. This means shares of Coinbase stock will become available for […]
Galaxy Digital submits Bitcoin ETF application with SEC
Mike Novogratz’s Galaxy Digital is the latest Bitcoin exchange-traded fund applicant in the United States. Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fund filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on […]
ConsenSys-backed poker platform secures $5M investment
The injection of additional funding will be used to facilitate Virtue Poker’s mainnet launch slated for May 2021. Ethereum infrastructure firm ConsenSys and venture capital fund Pantera Capital have led a group of investors in a $5-million funding round for Virtue Poker, according to an announcement on Monday. Other participants in the strategic investment round […]
Bitcoin is ‘caged bull’ ready to escape at $60K — Bloomberg Intelligence
Bitcoin is stuck in a “tame” post-halving scenario and has far to run before reaching its cycle peak, said the popular research outlet. Bitcoin (BTC) is a “caged bull,” and the end of its current price run is nowhere near at $60,000, said Bloomberg Intelligence. In a tweet on Monday, senior commodity strategist Mike McGlone […]
5 largest regulated US digital asset managers hold over $46B of crypto
Forbes ranks the top traditional asset managers, but who ranks the top regulated digital asset managers? Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark. As more and more investors are turning […]
Boson Protocol raises $25.8M via public token sale
The new BOSON token will enable users to access the decentralized commerce ecosystem. The project has so far raised $36 million through public and private sales. Boson Protocol, a project that aims to connect physical commerce and smart contracts, has concluded a $25.8 million public token sale ahead of listings on several exchanges, including Bitfinex, […]
Riot Blockchain Bitcoin production jumps 80% over pre-halving levels
The company said it held more than $94 million in crypto as of March 31, all from Bitcoin it has mined. In an announcement on Monday, Riot Blockchain reported that it produced 187 Bitcoin (BTC) — roughly $11.2 million — last month, an 80% increase over its BTC mining in March 2020. The company said it […]
Bitcoin goes yellow as Simpsons episode features BTC price rising to infinity
“Mmmmmmm…. Bitcoin….” The Simpsons, one of the most popular animated sitcoms in TV history, has made a rather bullish prediction for the price of Bitcoin. In yesterday’s episode of the 31-year-running cartoon titled Burger Kings, the characters get into the financial market over stocks of a new burger chain created by the town billionaire Montgomery […]