# Bitcoin News
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March 5,2021 by Wayne Jones at Bitcoin
Kraken head Jesse Powell has made an unprecedented prediction that bitcoin could reach $1M in value. Powell on Bitcoin’s Future Potential The CEO, who is bullish on the world's most known crypto, stated that BTC enthusiasts agree that digital assets will eventually replace fiat currencies. Jesse joins several other bitcoin...
March 4, 2021 by Adeniyi Olowoporoku at
Bitcoin
US-based cryptocurrency exchange and custody service provider Gemini has announced the launch of a dedicated service for funds management. Gemini made this development known in a press release today. According to the report, Gemini developed a custom fund solution due to the current fragmentation of existing options in the market. ...
March 4,2021 by Adeniyi Olowoporoku at Bitcoin
A recent report from JPMorgan has revealed that the majority of institutions are unlikely to invest in cryptocurrencies in the near future. This is despite the increasing awareness of cryptocurrencies within the traditional financial space. 78% of Institutions Have No Interest in Cryptocurrencies This development was revealed in a report...
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Press Releases
# Blockchain News
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March 5,2021 by Aisshwarya Tiwari at Blockchain
Blockchain alliance Energy Web has partnered with Volkswagen Group Innovation to explore the integration of electric vehicle (EV) charging points. Blockchain for Environmental Sustainability In a bid to leverage blockchain technology for sustainable solutions in the automobile industry, distributed ledger technology (DLT) alliance Energy Web has allied with VW Group...
March 3, 2021 by Ogwu Osaemezu Emmanuel at
Blockchain
Norwegian firm, Hydro, has adopted the “Tag.Trace.Trust.” traceability blockchain solution co-developed by VeChain (VET) and DNV. Hydro aims to use the distributed ledger technology (DLT) solution to prove to its clients that its aluminum is produced in accordance with sustainable standards, according to a LedgerInsights report on March 3, 2021....
March 2,2021 by Wayne Jones at Blockchain
Horizen, a technology platform that enables businesses and developers to create their public or private blockchains, announced a partnership with IOTA. The partnership will see the newly launched IOTA Oracles' functionality and introduce oracle capabilities to the Horizen sidechain and scaling protocol, Zendoo. IOTA Partnership Plans IOTA is a cryptocurrency...
# Altcoins News
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March 5,2021 by Ogwu Osaemezu Emmanuel at Altcoins
Ripple has revealed in a blog post on March 3, 2021, that it’s piloting a private version of its XRP Ledger blockchain network. The solution is designed to function as a secure, permissioned, and flexible infrastructure for the issuance of central bank digital currencies (CBDCs). Ripple Developing CBDC Solution As...
March 4, 2021 by Ogwu Osaemezu Emmanuel at
Altcoins
Alfacash Store, a duly regulated currency exchange platform, is pushing forward to build a decentralized and enabling environment where everyone can become custodians of their finances. As a strong believer in the revolutionary power of blockchain and cryptocurrencies, Alfacash Store has been innovating consistently to simplify the buying and selling...
March 4,2021 by Anthonia Isichei at Altcoins
Privacy centric-browser Brave is looking to launch its search engine, following the acquisition of open source search engine, Tailcat. Tailcat As Foundation for Brave Search The company made the announcement in a press release published on Wednesday (Mar. 3, 2021). According to Brave, the newly acquired Tailcat would act as...
# Regulation News
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March 4,2021 by Anthonia Isichei at Regulation
California-based digital assets financial services company, BitGo, received a charter to operate in New York as an independent and regulated custodian. BitGo Scores New York Trust Charter According to an official announcement on Thursday (Mar. 4, 2021), BitGo was granted the trust license under the New York State Banking law...
March 4, 2021 by Anthonia Isichei at
Regulation
Lawmakers in the U.S. state of Kentucky recently approved a bill that would exempt cryptocurrency miners from paying taxes. Crypto Mining Tax Exemption Bill Receives Majority Support According to local news outlet the Lexington Herald-Leader on Tuesday (Mar. 2, 2021), the House Budget committee of the Kentucky General Assembly approved...
March 3,2021 by Wayne Jones at Regulation
According to the updated IRS FAQs, purchasing virtual currencies using USD is not necessarily reportable to the IRS. IRS Latest Update Virtual currency holders who bought the assets via fiat money were confused about whether or not to tick 'yes' on IRS' form 1040. The scenario only applies if the...
# Price Analysis
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Total crypto market cap added $63 billion to its value for the period since Monday and now stands at $1,512 billion. The top ten coins are all in red for the last 24 hours with Chainlink (LINK) and Binance Coin (BNB) losing 5.1 and 4.7 percent of their value. At...
The total crypto market cap erased $201 billion from its value for the last seven-days and now stands at $1,465 billion. The top 10 coins were mostly in red for the same time period with only Cardano (ADA) adding 15 percent. At the same time, Litecoin (LTC) decreased by 25.1...
Total crypto market cap erased $133 billion from its value for the period since Monday and now stands at $1,533 billion. The top ten coins are mostly in red for the last 24 hours. Binance Coin (BNB) and Polkadot (DOT) were the worst performers with 7.3 and 6.9 percent of...
# Ethereum News
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March 3,2021 by Aisshwarya Tiwari at Ethereum
Shortly after successfully gaining approval from the regulators for its bitcoin (BTC) ETF, Evolve Funds has now filed for a similar product based on ether (ETH). Hopeful of ETH ETF Evolve Funds, a Canada-based ETF provider with approximately $1.7 billion in assets under management yesterday announced it had filed for...
February 26, 2021 by Wayne Jones at
Ethereum
On 25 February, CI GAM (CI Global Assets Management) heralded the filing of the CI Galaxy Ethereum ETF; furthermore, it received a preliminary prospectus for the same. The First ETH ETF As the company looks forward to the ETF launch, it will stand as the first-ever ETF investing directly on...
February 25,2021 by Aisshwarya Tiwari at Ethereum
Layer-2 scaling solution for Ethereum – Optimism – has found a major backer in Andreessen Horowitz. Andreessen Horowitz Leads $25 Million Round The race to become the first Layer 2 scaling solution to fix the high gas fees woes for the largest smart contracts platform is heating up. The demand...
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