Category: Cryptonomics

PayPal Impact on Crypto trading volume itsbitC
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February 4, 2021

Cryptonomics – PayPal’s crypto trading volume exceeded expectations

Crypto has come to stay. Once again, there is a strong signal in this regard. And again from PayPal, which was already responsible for the 2020 crypto hype. On PayPal’s Q4 2020 earnings call, CEO Dan Schulman revealed that “the volume of crypto traded on our platform greatly exceeded our expectations." PayPal will continue to invest “significantly” in its new crypto, blockchain, and digital currencies business to “help share this more inclusive future,” in which everyone and not just affluent people have access to financial services.
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Digital Currrency Group and Grayscale InvestmentsC
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January 2, 2021

Crypto Year 2021 – Crypto pioneer Grayscale Investments of Barry Silbert celebrates records

The crypto bull-run happened amidst the COVID-19 pandemic. Bitcoin (BTC) finished 2020 just shy of $30,000 with a market cap of around $530 billion. A year ago, the price had been $7,100. 2020 was the year of institutional investors and PayPal's entry. With the crypto explosion, the digital Assets Under Management (AUM) of Barry Silbert's pioneering Grayscale Investments crypto trusts have surpassed the $20 billion mark. That's quite something, isn't it?
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December 8, 2020

No Surprise! Politicians hate Facebook’s Cryptocurrency Project Diem

Octapay Limited was founded on 16 September 2020. According to UK Companies House, the sole director and beneficial owner is Madhumita Singh. The company acts as a payment processor for high-risk merchants in gaming, crypto and forex operating the websites www.octapay.fund. And it seems to be related to iPayTotal.
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German Finance Minister Olaf Scholz hates Facebook Libra Diem crypto projectN
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December 8, 2020

No Surprise! Politicians hate Facebook’s Cryptocurrency Project Diem

Facebook plans to rebrand the Libra cryptocurrency project to Diem (www.diem.com) hoping that the new name would help the revamped project distance itself from the intense pushback from politics and regulation Libra faced when it was announced last year. The political establishment wants to prevent the emergence of private currencies and thus undermine the state monopoly on currencies.
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August 23, 2019

UK High Court ruling in a crypto hack – Bitcoins are property subject to Asset Preservation Orders

London’s Commercial Court recognizes Bitcoin as “property” in an interim judgment on a cryptocurrency hacking case. A remarkable court ruling moves the crypto scene. At..
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June 25, 2019

Crypto and money laundering – new FATF rules are much appreciated!

The Financial Action Task Force (FATF) is an independent inter-governmental body with the mission to develop policies to protect the global financial system against money..
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June 11, 2019

Crypto News Outlet CCN shuts down after Google Update

CCN was certainly one of the best media outlets in the area of crypto and blockchain. We have always appreciated the reputable and well-founded reporting...
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May 29, 2019

Defend Crypto Crowdfunding Campaign – Messaging Service Kik fights SEC’s ‘Innovation Tax’

During the ICO hype in 2017, Canadian messaging app Kik raised about $100 million in an ICO with the issuance of their Kin token. Only..
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April 28, 2019

Crypto Investing in Q1 2019 – STOs On The Rise

Most recently, the Circle Report presented the rising volume of cryptoassets under management (cAUM) among institutional investors in Q1-19. That’s good news for the market..
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April 18, 2019

Finally Some Good News From Wirecard – Partnership With TON Labs

The German FinTech and DAX heavyweight Wirecard continues to find itself amidst a fundamental discussion about its business practices. While the respected Financial Times is..
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April 15, 2019

Bitcoin Price Could Exceed 1 Million In The Long Run

Joseph Young published an interesting article on CCN on the future value of Bitcoins (BTC). He refers to an essay published on the research platform..
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