Tag: cryptocurrency

WeWork Accepting Crypto as Form of Payment

Office-sharing provider WeWork said Tuesday it is accepting some kinds of cryptocurrency as a form of payment. The office-sharing provider will hold the cryptocurrency on its balance sheet and pay landlords and third-party partners in crypto In its announcement, WeWork said Coinbase (NASDAQ: COIN) will be its first member company to use cryptocurrency as payment…
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Crypto Weekly Summary April 11-18

Bitcoin $ 8000 drop The fall of other digital currencies AgeUSD will be Cardano’s first StableQueen AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first…
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Bitcoin Price Drops as Turkey Bans Crypto Payments Amid Currency Crisis

Turkey’s crypto ban sets a bad precedent for other countries mulling similar moves. Billionaire investor Ray Dalio’s fear of governments outlawing bitcoin (BTC, -1.59%) to preserve their monopoly over currencies has come partly true in Turkey.   The currency crisis-riddled country announced a ban on cryptocurrencies as a means of payment early Friday, souring the…
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Ether Options Market Sees Record Open Interest of $3B

Market activity is surging as the Ethereum blockchain’s native cryptocurrency rises to fresh all-time high prices. Ether‘s options market is witnessing an explosive growth as the second-biggest cryptocurrency rallies to fresh all-time highs above $2,400. Open interest, or the total number of open long and short positions in call and put options, rose to a…
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ETF investors say Coinbase listing will cause explosion in crypto investing

The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. “I think…
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Bitcoin Miners Are Again Stacking Coins in a Positive Sign for the Market

Blockchain data shows bitcoin (BTC, +2.27%) miners are accumulating coins and adding to bullish pressures in the market for the first time since December.   Analytics firm Glassnode’s miner position change metric, which gauges the 30-day change in the supply held in the miners’ addresses, recently turned positive in a sign of renewed holding by…
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Signal the Messaging App Launches Cryptocurrency Payments

Encrypted messaging application Signal announced on Tuesday its launch of a cryptocurrency payments feature for its beta version in the UK. Signal Takes Its Privacy Features a Step Further Signal bases operations on the assurance of absolute privacy for its users through a strong encrypted dead-simple interface. The encrypted messaging application promises its users that…
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Retail Investment App Amber Hits $1B AUM

Crypto market maker Amber Group’s trading app has passed $1 billion in assets under management (AUM), according to an announcement shared exclusively with CoinDesk.   The retail investment app boasts around 100,000 users, with numbers doubling between January and February 2021. The user count pales in comparison to the 43 million on industry titans like…
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Publicly-Traded Fintech Firm Acquires Chinese Mining Farm for $9M

Future FinTech, a New York-based publicly-traded software firm, has acquired Nanjing Ribensi Electronic Technology Co., in an effort to break into Bitcoin mining.   The U.S. tech company purchased the Chinese Bitcoin miner for $9 million, according to a press release. Per the agreement, FutureFinTech will take full ownership of the firm’s mining operations, which…
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Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend

Bitcoin (BTC) trading around $53,824.22 as of 20:00 UTC (4 p.m. ET). Climbing 3.22% over the previous 24 hours. Bitcoin’s 24-hour range: $51,267.19-$54,032.05 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Friday’s record $6 billion expiry in the bitcoin options market turned to…
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