Institutional crypto trading platform FalconX has raised $50 million, valuing it at $675 million, Bloomberg reported. The platform processes about $6 billion in cryptocurrency per month and has seen “significant” revenue growth as institutional activity has surged in recent months. Investors include Tiger Global Management...
Non-fungible tokens (NFTs). They’re still exciting people so much that they’ll pay millions of dollars for something that, quite simply, can be enjoyed or experienced for free. It’s the latest bit of evidence that we’re in what might be thought of, charitably, as rarefied territory....
According to federal prosecutors, antivirus software founder John McAfee and an associate orchestrated fraud schemes to net millions in cryptocurrency, CNBC writes. The 75-year-old McAfee and his “cryptocurrency team” advisor, 40-year-old Jimmy Watson, reportedly did the “age old pump and dump” scheme, which consisted of...
It’s never easy to call the top of, well, anything in any market. Name it: art, baseball cards, certainly not stocks, bonds or housing. But then again, things are looking a bit lofty for bitcoin, at least insofar as sentiment is concerned, possibly signaling some...
Amid bitcoin’s raging price gains — and its volatility — holders who have struck it rich are putting the pedal to the metal on high-end transactions. In an interview with PYMNTS, Blake Pride-Zorn, general manager of Vegas Auto Gallery in Las Vegas, Nevada, said that...
MIT’s Digital Currency Initiative has launched a new four-year bitcoin software and security effort research and development program, according to a company announcement. The program is aimed at continuing “to harden the bitcoin network” and “reinforce bitcoin’s security and preemptively shore up any vulnerabilities.” DCI...
J.P. Morgan Chase recently sent blockchain payments between satellites orbiting Earth in a test of the Internet of Things (IoT) payments technology. IoT payments technology will allow consumers to pay for products via their smart devices, like having their self-driving car pay for gas, Umar...
Bitcoin has passed another milestone, crossing $57,000 as of Saturday (Feb. 20), according to a CoinDesk report. The price of the coin hit $57,492 on Saturday and then settled back to $57,264,55, up 8.77 percent in the past day. Bitcoin has been surpassing numerous price...
The recent price escalations of the digital currency bitcoin make it a shaky long-term investment, J.P. Morgan said in a memo, Reuters reported on Friday (Feb. 19). “Crypto assets continue to rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits...
