News of New York

Investors ready to give MicroStrategy $1.6 billion to buy bitcoins
9 June 2021
3621
Buying bitcoins Analyst software maker MicroStrategy has raised its plan to raise $100m to $500m in light of the high oversubscription of its latest bond offering, Bloomberg reports. The company intends to use the funding to buy bitcoin. According ...
Coinbase reported record profits in first report as public company
14 May 2021
4885
The company's first report Coinbase shares rose after the company reported strong quarterly results amid rising bitcoin and other cryptocurrency prices. Coinbase said it will add Dogecoin to its platform within six to eight weeks. Coinbas...
Tesla stops selling its cars for bitcoins
14 May 2021
4657
Tesla and cryptocurrency Tesla CEO Elon Musk has announced that the company will no longer accept bitcoin to pay for the purchase of its electric vehicles because mining the cryptocurrency requires huge amounts of electricity generated from fossil f...
Sotheby’s auction introduces cryptocurrency payment for the first time
5 May 2021
4738
Buying in cryptocurrency British artist Banksy's Love is in the Air will be sold at a Sotheby's auction in New York. According to the auction house's website on Tuesday, the artwork will be available for purch...
Digital Currency Group has increased its planned GBTC purchases to $750m
3 May 2021
4624
Planned GBTC buyout Digital Currency Group (DCG) has announced its intention to acquire shares in Grayscale Bitcoin Trust (GBTC) for up to $750m. The reported figure is three times the amount&n...
Tesla reported record profits
27 April 2021
4490
Tesla earnings Tesla shares fell 2.5 per cent after the world's most expensive car company released its quarterly results. Despite Tesla's record profit growth, sceptics saw many risks for the company in 2021. Tesla (TSLA) shares reacted with a dec...
Coinbase's share price is valued at $250 ahead of a direct listing on Nasdaq
14 April 2021
5189
Coinbase's shares Cryptocurrency exchange Coinbase's market entry today triggered another jump in cryptocurrencies, with bitcoin rising 5% to $63.22k Analysts have differing opinions, with valuations ranging from $60bn to more than $100bn. Coinbase...
Coinbase reported huge revenue growth ahead of direct listing
7 April 2021
3859
Coinbase earnings Cryptocurrency exchange Coinbase reported Q1 2021 revenues that were higher than the company's full-year 2020 earnings. Net income rose to $730m. Cryptocurrency company Coinbase on Tuesday announced its un...
Cryptocurrency exchange Coinbase has filed an application with the SEC
2 March 2021
3325
SEC filing Shares in Coinbase, one of the world's largest cryptocurrency exchanges, could soon be available on NASDAQ as the company has applied for a direct listing instead of an IPO. Coinbase's li...
SEC commissioner calls for clear regulation of cryptocurrencies
15 February 2021
3796
Cryptocurrency regulation The adoption of bitcoin by big companies requires clear regulations to be implemented as soon as possible, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told Reuters in an interview. In her view, a...
Deutsche Bank to launch custodial service for cryptocurrencies
14 February 2021
3562
Deutsche Bank and cryptocurrency service Financial conglomerate Deutsche Bank plans to launch a cryptocurrency custodial service aimed at large investors. This follows a December 2020 World Economic Forum (WEF) report. The document states that Deut...
Bitcoin exchange Bitso to launch derivatives trading
13 February 2021
4187
Derivatives trading Latin America's largest cryptocurrency exchange, Bitso, announced the acquisition of European crypto derivatives platform Quedex. Quedex, like Bitso, is licensed by the Gibraltar...
The cryptocurrency market lost more than $170 billion in a day due to the depreciation of bitcoin
11 January 2021
3108
Bitcoin declines After a long period of growth, bitcoin and other digital coins began to lose ground on Monday, causing the cryptocurrency market to lose more than $170 billion in capitalisation overnight...
Cryptocurrency fever sent NVIDIA shares down 6%
8 January 2021
3115
Cryptocurrency fever When the video card market was hit by the first cryptocurrency boom in history, NVIDIA long questioned how to calculate miners contribution to the company's revenue in the gaming space. Stale Pascal generation chips then had to...
Bitcoin keeps to break records
6 January 2021
2828
Bitcoin breaks records Bitcoin has returned to frenzied growth and has broken all past records this winter, having fully recovered from the staggering drop of two years ago. Since the beginning of the year, the digital currency has hit an all-time h...
The largest BTC outflow occurred on cryptocurrency exchanges
14 December 2020
3123
Large BTC outflow A record daily bitcoin (BTC) outflow from cryptocurrency exchanges is causing optimism that the price of the largest cryptocurrency by market capitalisation will continue its parabolic rise. Bitcoin has risen more than 1...
Bitcoin may grow again
8 December 2020
3273
Bitcoin reaches a record The range of price fluctuations of the first cryptocurrency could reach $10,000-50,000 and capitalisation could rise to $1 trillion. According to Bloomber...
PayPal has expanded its cryptographic service
14 November 2020
3285
Increase in servess PayPal Holdings (PYPL) fulfilled its promise last month by making its PayPal Cryptocurrency application available to all registered users in the USA. The service was launched on 21 Oct...
Blockstream introduced a new multi-signature scheme
7 November 2020
3157
Bitcoin is preparing to implement privacy technology support In anticipation of the future use of Taproot technology, Blockstream Infrastructure Company has started to develop a complete new schema designed to improve the existing mechanism for bitc...
Bloomberg predicts Bitcoin growth
6 November 2020
3274
Bitcoin may cost as in 2017 This is the third attempt by Bitcoin to overcome key resistance at current levels in recent days. On 2 November, the crypt currency was rolled back to $13,300, which used to be a resistance, now acting as support. The ri...
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