Cryptocurrency

English football club Southampton has entered an agreement with cryptocurrency betting firm Sportsbet.io. The partnership will expose Southampton fans to cryptocurrency and create an engaging experience during matchdays.  Fans Based Partnership Sportsbet.io intends to take advantage of the partnership by leveraging the Premier League club's popularity. The betting firm wants to redefine fans' experience using virtual reality technology and blockchain technology.  The Covid-19 pandemic has affected Southampton fans since they cannot attend home games due to the fear of contracting…

Less than a week after Elon Musk pumped bitcoin's price via a Twitter bio update, fresh reports revealed that Tesla has purchased a whopping $1.5 billion worth of bitcoin.  According to an official SEC filing published today, the Elon Musk-led company stated that it had acquired the digital currency after updating its investment policy to provide it with "more flexibility to diversify further and maximize returns." Tesla also added that it has the option of allocating some of its funds…

Amidst the growth of crypto trading, developers have developed several tools, including portfolio managers, wallets, market watchers, portfolio balances, crypto news aggregators, and exchanges, to make trading specific and profitable, minimizing risk.  The right set of crypto trading tools and a proper mindset is crucial to successful cryptocurrency trading.  Cryptocurrency Exchanges Why You Need Them: To buy or trade cryptocurrencies  Cryptocurrency exchanges offer a gateway to the cryptocurrency world by allowing investors to trade cryptocurrencies for other assets, such as…

Major crypto asset management firm, Grayscale has announced that its Grayscale Ethereum Trust is now open again. It resumed its shares' private placement after shutting down in December and five other trusts amid a historic Ethereum bull run. Users can buy and sell shares of Grayscale's publicly traded Ethereum Trust. This avenue provides exposure to the largest decentralized smart contract platform without worrying about storage, security, or regulatory concerns. A Grayscale spokesperson said that the Trust's private placement is offered…

The trading unicorn, Robinhood, has raised $3.4 billion to its balance sheet from shareholders. The amount seems to reach this magnificent amount from a 1 billion fund support it announced on Friday. Robinhood seeks to support a flood of retail investors looking to inject their capital in individual stocks on its app. The whole decision was spurred by social media investors boosting the shares in GameStop. In its release, Robinhood said that they would build and enhance their products to give…

In a Jan 28 blog, Coinbase unveiled plans to become a publicly-traded company in 2021 via a direct listing of its shares. The popular exchange stated that it would pursue a direct listing of its Class A common stock. The announcement comes as a follow-up to the leading exchange's earlier move to seek regulatory approval for a public listing. In Dec of last year, Coinbase confidentially filed a draft registration statement on Form S-1 with the SEC, laying down its…

Currency valuation worldwide faced turbulence last year; however, the cryptocurrency industry has seen an unprecedented bull run. Before 2020 came to an end, Bitcoin surged past $29,000, quadrupling in value during the pandemic year and thrusting itself into the center of conversations among big investors and Wall Street companies. Bitcoin's price trajectory in 2020 changed because of its growing adoption as a hedge against the potential currency debasement that might come from trillions of dollars of coronavirus-related stimulus payments from…

Bangko Sentral ng Pilipinas (BSP), the Philippines' apex bank, has revised regulations guiding crypto-assets.  The revised laws have been updated to include regulations that guard against the use of crypto-assets to perpetrate money laundering. Major Changes To Crypto Regulations In The Philippines This development was revealed on Monday by the BSP, which stated that its Monetary Board had approved new guidelines on crypto assets. The regulations would guide crypto assets providers, including businesses that provide financial services via blockchain or…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $950 billion. Bitcoin lost nearly 7% over the week to trade at around $32,000. Ethereum gained almost 10% in value to trade above $1,300. XRP and Polkadot settle on their previous gains while trading in the green. The DeFi sector adds more than $2 billion to the total value of locked protocols. Crypto Trends…