Buzzy digital artist Mike Winkelmann, aka Beeple, made NFT history yesterday with his piece, “Crossroads”, netting $6.6 million on the secondary market via Nifty Gateway. Like many Beeple artworks, Crossroads was inspired by the 2020 U.S. presidential elections. It was designed to feature one of two animations, depending on the outcome of the election — one a triumphant Trump, the […]

According to Plan B’s now famous stock-to-flow model, the price of Bitcoin can be expected to reach prices of $100,000 to $1 million per coin eventually. The theory is based on the cryptocurrency’s scarce supply. However, looking at the Bitcoin daily stock-to-flow chart, the crypto asset is currently overvalued compared to past cycles. Here’s what this could mean – both […]

Key Takeaways Danny Brewster, a victim of the 2011 Mt. Gox Exchange hack, has sent a legal notice to Craig Wright seeking compensation. Wright previously claimed that he owns a crypto address containing Bitcoin stolen from Mt. Gox in 2011. Litigation will be cancelled if Wright admits that he does not own the Bitcoin address in question. Controversial crypto figure […]

United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market. According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — […]

As DeFi applications continue their reign in the cryptocurrency market, the need for a stage-by-stage upgrade, crucial for the advancement of these applications cannot be overemphasized. In this regard, Chainlink, which self-defines as an “oracle network for powering universally connected smart contracts, enabling any blockchain to access to real-world data” has successfully launched its Oracle network upgrade, known as the […]

One of the major cryptocurrency derivatives exchanges, BitMEX, said a total of $1.0 trillion was traded on the platform over the past 365 days. BitMEX, the largest coin-margined swaps exchange, added that this milestone comes after it completed the month-long process of verifying its entire user base in December. Verified users can also trade on the go with BitMEX Mobile, […]

Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds.  “Today, we are pleased to announce that Anchorage has raised an $80 million Series C, led by GIC, Singapore’s sovereign wealth fund, with participation from a16z, Blockchain […]

Galaxy Digital, the crypto investment management firm along with CI Global Asset Management has filed a preliminary prospectus for the world’s first Ether ETF called CI Galaxy Ethereum ETF. The prospectus filing was done with the securities commissions or similar authorities in each of the provinces and territories of Canada. Kurt MacAlpine, Chief Executive Officer of CI Financial, the parent […]

Coinbase, one of the largest crypto exchanges is going public on Nasdaq via direct listing after months of speculations over its public debut post its announcement in December. The crypto exchange in its S-1 filing with the SEC revealed,  $3.4 billion in total revenue until 2020.  largely from transaction fees (96% of net revenue).  net income of $322.3 million in […]