Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver…
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Visa announces neobank pilot focused on getting crypto tools to Black community
The crypto APIs will help “provide another channel for the Black community to access crypto as a new asset class.” Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody,…
Report: Ant Group to overhaul structure per agreement with China authorities
Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company. Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has reportedly reached an agreement with Chinese regulators over the company’s status.…
New class action against Robinhood alleges oligopoly manipulation
The unfolding short-squeeze on GameStop stock to the detriment of major hedge funds “could not be allowed to continue.” Robinhood, the stock trading app formerly popular with millennials, is facing another class-action suit, following its recent temporary suspension of purchases…
Uphold to launch crypto cards in Europe with new acquisition
After launching a crypto debit card in the U.S., Uphold is planning to roll out a multi-asset crypto card in Europe in April 2021. Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK…
Polish crypto exchange employee in induced coma after armed attack
On Jan. 22, an attacker shot two employees at a cryptocurrency and gold exchange in the Polish city of Olsztyn, escaping with over $120,000 in gold. Polish police have detained a suspect in an armed attack on FlyingAtom, a cryptocurrency…
Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules
New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available…
Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company
Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu. South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities,…
US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run
With Coinbase firmly within the top 500 U.S. websites by popularity, it seems that all publicity is good publicity as mainstream consumers come on board. Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of…
Canadian investment firm Accelerate Financial files for Bitcoin ETF
Calgary-based financial services firm Accelerate Financial Technologies is planning to list its Bitcoin ETF on the Toronto Stock Exchange. Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto…