Grayscale Files an SEC Form 10 For Its Ethereum (ETH) Trust

Grayscale Files an SEC Form 10 For Its Ethereum (ETH) Trust

The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale […]

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Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%

Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%

Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%.Square Cash App’s Bitcoin RevenueSquare released its performance report for Q2 2020 on Tuesday. The company’s net revenue, including bitcoin […]

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$30 Million In BTC And BCH Seized By German Authorities And FBI

$30 Million In BTC And BCH Seized By German Authorities And FBI

By working together with the US Federal Bureau of Investigation (FBI), German law enforcement agencies have seized nearly $30 million worth of Bitcoin and Bitcoin Cash from two men allegedly running a large pirate streaming website called Movie2K. Movie2K’s Backstory The pirate streaming website began operating in 2008 and ran until 2013. In that timeframe, […]

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Japan Expresses Concern Over Promoting Cryptocurrency Trading

Japan Expresses Concern Over Promoting Cryptocurrency Trading

Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same. Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’ As per a Reuters article, the Japanese Financial Services Agency boss has shared […]

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Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC. Chinese Banks Test Digital Wallet App For CBDC In the latest turn of events regarding China’s future digital currency, a […]

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Bitcoin P2P Trading Soars in India as New Exchange Launches

Bitcoin P2P Trading Soars in India as New Exchange Launches

Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law.P2P Trading Volume Soars in IndiaPeer-to-peer (P2P) bitcoin trading in India has been hitting all-time highs over […]

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Bitcoin Price Analysis: BTC Fails to Retest $12K, is the Bull Run Over?

Bitcoin Price Analysis: BTC Fails to Retest $12K, is the Bull Run Over?

Bitcoin bulls look pretty tired right now. The leading cryptocurrency has printed the first lower high since July 21 and is currently stalling around the 0.786 Fibonacci level (white lines) at $11,743. We’ve also seen $4 billion exit the market in the last ten hours, which seems to suggest that some traders are cashing out […]

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Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS

Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS

Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing. Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC […]

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Bitcoin Price Stopped At $11,800, Altcoins Got a Hit (Market Watch)

Bitcoin Price Stopped At $11,800, Altcoins Got a Hit (Market Watch)

Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts. Bitcoin Moves Ahead As CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a […]

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SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts

SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts

The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts.In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.”It is also looking to identify […]

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