It's PayPal earnings day, and the firm has released new details about its cryptocurrency plans. These plans include a new dedicated business unit for PayPal's crypto ambitions, according to CEO Daniel Schulman, who spoke during PayPal's earnings call on Wednesday. As he remarked: "We all know the c...
The Multi-billion dollar investment management firm Ruffer has sold about 40% of the bitcoin it bought last November, profiting around $650 million, Ruffer investment director Duncan MacInnes told The Block. MacInnes further said that Ruffer still has around $700 million worth of bitcoin exposure. L...
Ross Stevens, founder and chairman of the New York Digital Investment Group (NYDIG), predicted that the firm could significantly expand the amount of bitcoin it holds under management before the end of 2021. His comments came during an appearance at the MicroStrategy World 2021 Conference, stating t...
Monthly trading volumes for Bitcoin futures more than doubled from December to January, according to data compiled by The Block Research.  December’s future trading volume was $993.8 billion, whereas January’s was $2.09 trillion — an all-time high. Binance led the way in January’s volume at 30% of ...
Opyn, a decentralized finance platform for options, has raised $6.7 million in a new Series A funding round. Industry venture capital firm Paradigm led the round, according to Opyn, with participation from existing investor Dragonfly as well as Synthetix co-founder Kain Warwick and Stani Kulechov, w...
Visa is partnering with First Boulevard, a digital bank focused on "building generational wealth" for the Black community, on a test of the payments giant's new suite of crypto APIs.  First Boulevard will be the first to test Visa's new suite of crypto APIs, which will enable customers to purchase, ...
Crypto exchanges Coinbase and Binance have become two of the top 1,000 most visited websites in the world, according to estimations by trackers SimilarWeb and Alexa. Coinbase is currently ranked 874 and Binance 839 worldwide on SimilarWeb. Meanwhile, on Amazon-owned Alexa, Coinbase is ranked 830 glo...
Crypto market maker Alameda Research has acquihired Ren — the DeFi project behind the development of tokenized bitcoin renBTC. The news means Ren's core development team, around 10 to 20 people, will join Alameda, Alameda CEO Sam Bankman-Fried told The Block. "We expect them to keep producing good p...
Ukraine's Ministry of Energy is considering building a bitcoin mining center to utilize the country's excess nuclear power. Officials of the ministry held a discussion last week with Yevhen Vladimirov — Ukraine's deputy energy minister for digital development, Energoatom — the country's state-owned ...
The price of ETH, the native cryptocurrency of the Ethereum network, hit a new all-time high on Tuesday. ETH's value shot past $1,500, according to data from TradingView. This development comes days after ETH's previous record-setting high was hit on January 19.  At time of writing, ETH is trading h...

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