Cryptocurrency Market

Ethereum London upgrade could be delayed only for this reason

Ethereum London upgrade could be delayed only for this reason

The Ethereum community is eagerly waiting for the Proof-of-Stake protocol to kick in and resolve problems relating to scaling on the network. However, given the history of delays with each leg toward implementation, developers have assured that the launch of London Hard fork will be on schedule. In an interview with the Chinese media outfit, …

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Uniswap’s monthly trade volume exceeded Coinbase’s in September

Uniswap Labs cuts off access to certain tokens through its interface

Uniswap Labs, the development firm behind decentralized crypto exchange Uniswap, announced on Friday that it would cut off access to certain tokens on the protocol it supports through its interface.  Uniswap Labs cited “the evolving regulatory landscape” in its explanation of cuts. Uniswap Labs is the best-known entity that offers access to the protocol, but it …

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Assessing whether Bitcoin's energy consumption makes sense

Assessing whether Bitcoin’s energy consumption makes sense

After Tesla’s initial Bitcoin investment and payment support for Tesla purchases on 8 February 2021, many critics followed up on the company’s position by alleging that the car-maker is supporting an asset that is presumably heavily reliant on fossil fuels. Ergo, it wasn’t long before Tesla dropped BTC as a payment method for its vehicles. …

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Bitcoin will be a 'big part' of Twitter's future, says CEO Jack Dorsey

Bitcoin will be a ‘big part’ of Twitter’s future, says CEO Jack Dorsey

Twitter CEO Jack Dorsey has said that bitcoin will be a “big part” of the company’s future. This is the first time Dorsey has publicly spoken in such depth about how the world’s largest cryptocurrency could be integrated into Twitter’s products. On Twitter’s second-quarter 2021 earnings conference call on Thursday, Dorsey said bitcoin is the …

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Goldman Sachs reports nearly half of its rich family office clients want to get into crypto

Goldman Sachs reports nearly half of its rich family office clients want to get into crypto

Family offices—the investment firms overseeing the wealth of the richest families in the world—are eyeing the crypto market, according to a survey by investment banking giant Goldman Sachs.  The firm—which recently has been making its own big moves in crypto–surveyed its family office clients and found that 15% of them have already invested in crypto, …

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SEN drives Silvergate's Q2, but it's looking to Diem for future growth

SEN drives Silvergate’s Q2, but it’s looking to Diem for future growth

Silvergate posted another round of strong quarterly results on Tuesday morning — and the market took notice. Silvergate stock jumped 15% since today’s opening, currently sustaining around $97.60. The firm nearly doubled pretax income compared to last quarter, according to CEO Alan Lane.  “Our success continues to be driven by strong demand for our digital …

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BlockFi ordered to stop opening new interest accounts in New Jersey

BlockFi ordered to stop opening new interest accounts in New Jersey

Popular crypto trading and lending platform BlockFi has been ordered by the New Jersey Bureau of Securities to suspend accepting new interest account users in the Garden State. In a Twitter thread on Monday night Eastern time, BlockFi’s CEO and founder Zac Prince said the firm remains operational for its existing clients in New Jersey …

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