For several weeks, Bitcoin has been inching ever-closer to $20,000. It’s almost silly: according to data from CoinMarketCap, Bitcoin reached as high as $19,816, so…
Posts published in December 2020
Spotify Hints Launch of Crypto Services
Major music streaming platform, Spotify is planning to jump into the cryptocurrency arena and is looking for an associated director who can handle its business…
Ethereum 2.0 Staking Crosses 1 Million ETH, $600 Million in Value
Etherscan, a blockchain explorer and analytics platform for Ethereum showed that the total deposit on Ethereum 2.0 staking contract has jumped above 1 million ETH,…
USGFX Vanuatu Faces Troubles in Refunding Aussie Clients
The Vanuatu-regulated entity of (USGFX) informed its clients on Friday that it will be unable to refund all the stuck client funds within the previously…
US Plans to Take on China in Bitcoin Mining
Software developer and services provider for crypto mining, Titan announced that it has partnered with CoinMint and Core Scientific to establish the first-ever enterprise-grade bitcoin…
Venture Firm Eyes DeFi after OMG Network Acquisition
Hong Kong-based Genesis Block Ventures (GBV), a subsidiary of crypto over-the-counter (OTC) trading firm, has acquired OMG Network, a Layer-2 scaling solution. Announced on Thursday,…
MAS Approves 4 Applications of Digital Bank License in Singapore
The Monetary Authority of announced today that it has granted digital bank licenses to four applicants including Jack Ma’s Ant Group and Grab Holdings, the…
Exclusive: GAIN Capital Taps Chasing Returns’ Analytics Services
has partnered with behavioral science-driven analytics platform Chasing Returns to offer its services to the traders on its both UK-based brokerages, Finance Magnates learned exclusively. This integration…
Pound Firm Despite Fresh Bump in UK/EU Trade Negotiations
The Great Britain pound was firm today, rising against most of its major rivals, despite a fresh bump on the road to a post-Brexit trade deal between the United Kingdom and the European Union. The sterling…
Euro Rallies Against Weak Dollar for the Fourth Consecutive Day
The euro today rallied to new highs against the US dollar for the fourth consecutive session boosted by investor optimism about the global economic recovery. The EUR/USD currency pair also benefitted from the greenback’s…