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Posts Tagged ‘bitcoin’

The Real Reason Behind Bitcoin Explosive Rally is Not Coinbase But Inflation

Bitcoin surged past $64,500 this week, shattering yet another record-high milestone after a month of downside consolidation, over sentiments that a fresh Wall Street listing of one of the leading crypto firms, Coinbase, would attract more wealthy investors to the booming sector. Bitcoin reaches another lifetime high. Source: BTCUSD on But the flagship cryptocurrency…

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DeFi Is Changing: And It’s for the Better

As the term suggests, decentralized finance is the rapidly growing field of decentralized financial tools and platforms — many of which provide access to crucial services that are scarcely available in many regions. As a rapidly growing industry, the DeFi landscape is iterating at a pace that few can keep up with — with increasingly novel…

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Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion — singlehandedly topping all of last year’s revenue combined.  The company attributed its parabolic growth and blowout earnings to Bitcoin’s red-hot rally.…

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Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s $200 million cash injection back in early March.  In the previous funding round, Robert…

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Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world.  However, not all banks are hopping on the bandwagon, and…

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