Only 8.1% of Bitcoin is held on exchanges compared to Ether where almost one-quarter of the supply sits on exchanges. Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase. The website shows…
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Binance exchange partner Simplex to roll out Tether to euro offramp
Over 200 firms in Simplex’s network can enable euro cashouts from Tether. Simplex, a crypto-to-fiat payments provider, is adding another fiat offramp to enable its partner exchanges like Binance and Huob to sell major stablecoin Tether (USDT) to the euro.…
Circle CEO Jeremy Allaire already seems to be using PayPal to buy Bitcoin
The CEO tweeted a screenshot of an apparent $100 purchase of Bitcoin using the service well ahead of its official rollout date. There has been significant excitement in the industry since PayPal last week announced its intention to enter the…
Despite strong security token growth, tZERO continues to lose money
While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS)…
Wrapped Bitcoin is now Ethereum’s 6th Largest Token
With a market cap now over $1.5 billion, Wrapped Bitcoin (WBTC) makes up 80% of the total BTC held on Ethereum. Wrapped Bitcoin (WBTC) reached all-time highs today in terms of market capitalization and number of tokens. WBTC is the…
The Hoff claims to have invented Bitcoin in 12th anniversary video
Nine celebrities have wished Bitcoin a happy twelfth birthday despite knowing very little about the cryptocurrency. Nine celebrities with profiles on the sponsored video-sharing platform Cameo have published messages wishing Bitcoin (BTC) a happy birthday ahead of the twelfth anniversary…
Fidelity Investments’ Digital Asset Custody Services Arm Expands to Asia
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody…
Willy Woo: Signs that BTC is decoupling supports its ‘safe haven’ status
Bitcoin’s decoupling from stocks began within days of its NVT price hitting an all-time high, according to Willy Woo. Bitcoin (BTC) has started to decouple from the U.S. stock market index S&P 500 according to crypto statistician Willy Woo. First…
Uniswap moves closer to a new five million UNI airdrop
The Uniswap community is voting on its second-ever governance proposal to distribute 5 million governance tokens to users who interacted with the DEX via a third-party platform. The second-ever governance proposal for the Uniswap decentralized exchange (DEX) is more than…
Mongolia’s largest bank to offer crypto-related services
The country continues to make slow but sure steps on its way to being a crypto-friendly nation Mongolia’s largest bank will soon begin offering crypto services including custody, remittance, deposits, loans, and crypto-asset management. According to DDaily, blockchain company Hexland…