Bitcoin poised for breakout as US money market funds reach $6.2T

Two businesses in the United States state of Ohio have paid taxes with cryptocurrencies, state Treasurer Robert Sprague said in a forum on Feb. 19. Ohio became the first state to allow businesses to pay taxes with cryptocurrencies like Bitcoin (BTC) in November 2018.During a forum covering policy issues facing the state, Sprague said that…

Two South Korean ministries have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology.The Ministry of Science and ICT (Information and Communications Technology) and the Ministry of Information and Communication Industry Promotion will launch…

Bitcoin price spikes continue as data reveals exchange activity is anything but flat this week. 365 Total views 9 Total shares Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have…

Massive spikes in trading volume sent the price of XEM, REP and DNT higher even as Bitcoin price hit a weekly low at $31,000. 75 Total views 3 Total shares Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be…

In anticipation of AVA mainnet launch this summer, Emin Sirer’s AVA project raises $12 million from major industry investors. 1277 Total views 17 Total shares The Avalanche Foundation, the organization behind the Emin Gün Sirer-founded blockchain protocol Avalanche, has raised $12 million in a new private token sale.According to an announcement on June 25, the…

Bitwise Asset Management and NYSE Arca have confirmed they will refile their application for a Bitcoin (BTC) exchange-traded fund (ETF) after the United States regulators rejected it.Bitwise: We intend to refileAccording to a press release published on Oct. 9, the companies said that while the U.S. Securities and Exchange Commission (SEC) refused their ETF application,…

Chinese fintech stocks have surged this year on hopes that the launch of a digital currency by the People’s Bank of China will increase demand for security and payment services. Morgan Creek Digital co-founder Anthony Pompliano said that if the digital yuan becomes a reality, it might threaten the dollar’s reign as the global reserve…

According to an email reportedly sent to clients, Fidelity Digital Assets is offering institutional Ethereum capabilities for their clients starting next week. 322 Total views 11 Total shares Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later…

Characterizing his contemporaries as viewing the crypto sector as a “financial 9/11,” Congressman Ted Budd has warned lawmakers against driving blockchain innovation offshore. Representative Ted Budd of North Carolina, a member of the House Financial Services Committee and Congressional Blockchain Caucus, has urged lawmakers to embrace decentralized innovation.In what appears to be the first occasion…