Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation
Robinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation...
Month: July 2021
US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far
The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian...
Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s...
Taxpayers to avoid obligations by sending mining proceeds to IRAs
The IRS has considered crypto mining revenue as part of taxable income since 2014. North American mining and hosting firm...
Bitcoin bulls control Friday’s $1.7B monthly options expiry
Bitcoin's surge above $40,000 boosted the bulls' advantage in this month's $1.7 billion options expiry. On Friday, July 30, a...
IMF intends to ‘ramp up’ digital currency monitoring
The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions. The...
Altcoins pump while traders anticipate a lower support test from Bitcoin
RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price. Bitcoin...
Ethereum price can hit $14K if the March 2020 chart fractal holds
One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum. Ethereum's native...
Algorithmic stablecoins show promise of reducing volatility — ShapeShift
“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,”...
Greenidge Generation will use BTC mining profits to build solar farm
According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar...
New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in...
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated...
Elon Musk Hints Tesla Owns About 42K Bitcoins
Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its...
Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets
Researchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including...
Western nations need better public-private cooperation on crypto, says Mohamed El-Erian
The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they...
