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Overstock spins its blockchain subsidiary into crypto investment fund January 26, 2021
Overstock’s subsidiary, Medici Ventures, will cease providing all previous services pending a full conversion into a limited partnership fund. Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund, as it seeks to maximize profits amid the crypto boom.Overstock.com announced on Jan. 25 that its wholly owned blockchain-focused subsidiary, Medici Ventures, […]
Greg Thomson
Signal reportedly exploring crypto payment features January 26, 2021
Fast-rising messaging service Signal is rumored to be experimenting with a privacy crypto token. Privacy-focused messaging app Signal is reportedly devoting resources towards the development of a cryptocurrency payments service for its users.According to a report by Casey Newton, the founder of the technology newsletter service Platformer, Signal is mulling crypto payment integration on the […]
Osato Avan-Nomayo
Enjin enters the fashion world with augmented reality NFTs January 26, 2021
A limited-supply virtual fashion collection is up for grabs while a new app allows holders to see it in the real world. Enjin and MetaverseMe are partnering to bring virtual fashion items to the Ethereum blockchain, creating a line of tradable non-fungible tokens representing clothing for Metaverse avatars.Enjin will be providing the infrastructure framework to […]
Andrey Shevchenko
New Hawaii bill seeks to create state-led blockchain working group January 26, 2021
Introduced in Hawaii's House of Representatives on Monday, Jan. 25, the bill calls for the formation of a blockchain working group led by the state's economic development agency. A new partisan bill introduced by Democrats in Hawaii's House of Representatives on Monday, Jan. 26, is advocating a targeted strategy for studying and supporting the use […]
Marie Huillet
Winklevoss’ Gemini pushes presence in Asia, supports Singapore dollar January 26, 2021
Major cryptocurrency exchange Gemini has rolled out support for the Singapore dollar and set up a local office. Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, continues to strengthen its global presence by tapping into the Singaporean market.On Jan. 25, Gemini announced a roll-out of several new features for its platform in Singapore, including […]
Helen Partz
Two things may result in a Bitcoin blow-off top, says on-chain analyst January 26, 2021
Prominent Bitcoin analyst, David Puell, says there are two things that could cause Bitcoin to top out in the future. David Puell, an on-chain analyst and the creator of the Puell Multiple, believes two things could cause Bitcoin (BTC) to see a temporary top this cycle.The analyst pinpointed the U.S. government potentially taxing unrealized gains […]
Joseph Young
Bitcoin made up 97% of total crypto inflows in 2021 January 26, 2021
Bitcoin trading volumes surged significantly this year, jumping from an average of $2 billion in 2020 to $12 billion. Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report.Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to […]
Helen Partz
These 5 charts show why Bitcoin price failed to break $35K January 26, 2021
Selling and frantic trading continue while exchanges see more BTC enter than leave. Bitcoin (BTC) fell towards $30,000 on Jan. 26 after higher levels evaporated and fresh miner outflows appeared to suppress price action.BTC price rally turns sourData from Cointelegraph Markets and Tradingview showed the largest cryptocurrency abruptly U-turn as it neared $35,000 in early week […]
William Suberg
Philippines' central bank to license crypto trading and custody firms January 26, 2021
The Bangko Sentral ng Pilipinas has expanded its regulatory remit of the crypto space to include all cryptocurrency financial service providers. In keeping with the emergence of clear-cut crypto regulations across Southeast Asia, Philippines’ central bank, BSP, has enacted a broader licensing regime for digital asset firms in the country.According to the Philippine Daily Inquirer, […]
Osato Avan-Nomayo
Tor Project’s crypto donations increased 23% in 2020 January 26, 2021
Bitcoin remained the most popular cryptocurrency for the Tor Project’s donors in 2020, followed by altcoins like Ether, Monero and Zcash. The cryptocurrency community has been doubling down on its support to privacy-centric applications like Tor Browser in 2020, according to new data.The Tor Project, a non-profit organization behind the anonymous Tor Browser, saw a […]
Helen Partz