Explained: Bitcoin’s Major Taproot Upgrade. How Will It Benefit Bitcoin?

bitcoin BTC taproot blockchain upgrade

Bitcoin’s major upgrade in recent years – Taproot is in the countdown. As a major upgrade in the Bitcoin blockchain, what impact will Taproot have on bitcoin? For bitcoin (BTC) investors, what are the key points of Taproot upgrade to note? As the first Bitcoin blockchain upgrade in 4 years, the Taproot upgrade is scheduled […]

MicroStrategy, Citi, Blockstream… All Whales Buying Bitcoin?

MicroStrategy Bitcoin crypto Michael Saylor

As the buying demand for cryptocurrencies spikes, banking giant Citigroup will start trading Bitcoin (BTC) futures. Meanwhile, Michael Saylor’s MicroStrategy and Blockstream are going bigger in Bitcoin. Following Goldman Sachs and JPMorgan, Wall Street banking giant Citigroup is actively recruiting traders to begin working with Bitcoin futures. According to CoinDesk, Citi is angling to trade […]

SCMP, Animoca Brands Turn Newspaper Archives into NFTs

SCMP NFT Animoca Brands metaverse

South China Morning Post (SCMP) launches a new online marketplace to turn its newspaper archives into NFTs. The largest English media in Hong Kong partners with Animoca Brands to move into the metaverse space.  This comes after the NFT gaming giant received the backing from Blue Pool Capital, a family office of Alibaba founder Jack Ma […]

Goldman Sachs Partners with Galaxy Digital to Provide Bitcoin Futures Trading

Goldman Sachs Bitcoin Galaxy Digital

Goldman Sachs is expanding its crypto presence to offer Bitcoin futures trading with crypto merchant bank Galaxy Digital. Founded by Mike Novogratz, Galaxy Digital will provide liquidity for Goldman Sachs, helping hedge funds and institutional clients wager on Bitcoin (BTC). Galaxy co-president Damien Vanderwilt said Goldman, as the first major US bank to begin trading […]

Genesis Block HK Important Announcement

This is an important announcement from Genesis Block HK.  We have received a number of feedback through a customer service website that incorrectly links other companies, investors, products, or services to Genesis Block HK. We wish to clarity and remind everyone of the following: The official website of our company, Genesis Block HK, is “genesisblockhk.com”, […]

India Brings Forward a Bill Regulating “Private Crypto”

India will have crypto bill regulate cryptocurrency

India’s government will soon put forward a bill on cryptocurrencies, the country’s minister of state for finance and corporate affairs Anurag Thakur said. It is in the process of finalising the crypto bill and it will be ready for Union Cabinet’s review soon. In 2018, the country’s central bank, the Reserve Bank of India (RBI), […]

Tesla Invests in Bitcoin. Who’s Next?

Electric vehicle maker Tesla Motors announced it has invested in Bitcoin (BTC). The announcement triggered a roughly 20%, or $8,000, surge in the largest cryptocurrency by market cap, to refresh all-time high at $47,156. In a filing with the Securities and Exchange Commission, Tesla said it has bought an aggregate $1.5 billion worth of Bitcoin, […]

Nigeria Central Bank Cracked Down on Bitcoin

Nigeria, Africa’s “bitcoin nation”, is moving to ban Bitcoin (BTC) and cryptocurrencies. The Central Bank of Nigeria (CBN) issued a letter to the financial institutions it oversees to close accounts tied to cryptocurrency trading activities. According to CBN’s statement, “the Bank wishes to remind regulated institutions that dealing in crypto currencies or payments for cryptocurrency […]

Dogecoin surged After Tweeted by Elon Musk

Dogecoin ($DOGE), a cryptocurrency which started off as a joke, has soared after Tesla CEO Elon Musk dubbed it “the people’s crypto” in a tweet. Dogecoin’s price jumped by 50% on 4 February shortly after Elon Musk, the world’s richest man tweeted that “Dogecoin is the people’s crypto”. “No highs, no lows, only Doge”, he […]

PayPal Revenue Surges Since Adding Crypto

PayPal’s transaction revenue and active accounts surged in the fourth quarter of 2020, as consumers flocked to use its wallets to buy and sell cryptocurrency. PayPal added a record 72.7 million active accounts in 2020, with the addition of 16 million accounts in the fourth quarter. During the quarter, PayPal’s overall revenue climbed 23% to […]