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In a recent development, Coinscan, a burgeoning entrant in the cryptocurrency data sphere, has officially launched its platform after a period of extensive beta testing. This move comes as the platform seeks to establish its foothold in a market historically dominated by platforms like CoinMarketCap and CoinGecko.An Alternative to Established NormsOne notable feature that sets Coinscan apart from its competitors is its commitment to offering its suite of features entirely free of charge. Unlike its counterparts,…

Decentralized finance, or DeFi, has quickly grown to become one of the hottest trends in the cryptosphere today.With the proliferation of decentralized exchanges, open lending platforms, yield farms, prediction markets, and a wide range of other DeFi use cases, cryptocurrency holders now have a wide array of options to turn a yield on their assets.With so many options available, achieving the maximum possible yield can be a challenge. But fortunately enough, there are also plenty of projects out there looking to…

As BTCU Bitcoin Ultimatum’s Mainnet goes live, we speak with CEO Eric Ma to find out more about the project and what’s next in this truly next-gen blockchain.Building a new blockchain is a huge undertaking. It requires a capable team of experts, leadership, real-value proposition and a strategic roadmap which needs to be detailed, realistic and followed-up upon. BTCU Ultimatum certainly checks all those boxes. They successfully implemented the Bitcoin Fork and launched the BTCU Mainnet on February 5, 2021 and airdropped…

Canada’s Evolve Bitcoin ETF, the second to launch after Purpose, is taking the competition head-on by triggering a price war. While the Purpose Bitcoin ETF (BTCC) has gained the first-mover advantage, the Evolve Group is making fee adjustments to grab more market share in the heated Bitcoin ETF market.As per the recent report from Bloomberg, the Evolve Bitcoin ETF (EBIT) has lowered its price ticker to 0.75% from 1% previously. This makes the Evolve Bitcoin ETF 25% from the 1% expense ratio of its competitor Purpose…

Galaxy Digital, the crypto investment management firm along with CI Global Asset Management has filed a preliminary prospectus for the world’s first Ether ETF called CI Galaxy Ethereum ETF. The prospectus filing was done with the securities commissions or similar authorities in each of the provinces and territories of Canada.Kurt MacAlpine, Chief Executive Officer of CI Financial, the parent company of CI GAM said, “Cryptocurrencies are transforming the financial world, and we are excited to launch the world’s first ETF…

The Reddit group Wallstreetbets is now eyeing to short squeeze silver market, one of the heavily shorted markets with the majority of the short position bought by JP Morgan. The price of silver has already risen by 6% for the day and it seems the Redditors have started buying the Silver similar to GME stocks.With the current price of the silver spot price at $26, the price would need to go up to $500 to pull a Melvin on JP Morgan.With Nasdaq and Robinhood halting Gamestop GME stock trading amid retailers…

If you are quite familiar with the finance sector, you just have come across the word “Cryptocurrency.” It has been in debate for over some time now. It has now gained stardom across economies and countries at large. While several online platforms now accept crypto as a means of payment, others remain skeptical. However, one of the essential characteristics of cryptocurrencies is that they are accessible.There are several cryptocurrencies worldwide, and some of them include Bitcoin, Ethereum, Monero, and others. These…

2020 was the year of the crypto industry without a shadow of doubt. Bitcoin rose exponentially, posting over 300 percent in gains throughout the year. Market activity has also risen significantly, showing that the crypto industry is no longer just a fad that people call on when they’re trying to make themselves feel better.Institutional Action The legitimacy of the crypto market has been helped significantly by institutional investors. These are essentially high-net-worth individuals and large companies that provide…

In an aggressive push to expanding its business and establishing a strong footing in the crypto space, Japanese financial giant SBI Holdings is seeking to form cryptocurrency joint ventures with some of the top foreign financial firms. SBI Holdings has, as such been an advocate of crypto developments and is also a close partner with the San Francisco-based blockchain firm Ripple.Speaking to Reuters, SBI Holdings founder Yoshitaka Kitao said that the development comes as since cryptocurrencies like Bitcoin (BTC) and…

One of the world’s biggest cryptocurrency payment service providers BitPay is determined to push cryptocurrency adoption in the European continent. BitPay has recently collaborated with Simplex, an on/offramp market leader that would allow European investors to trade crypto seamlessly directly from the BitPay wallet and without any credit or debit card fees.However, this waive-off of the crypto trading fess is scheduled for a limited time for up to 45 days. Furthermore, this limited-time promotion is available for top…

During the crypto market crash earlier on Tuesday, February 23, Ethereum (ETH) price tanked all the way to $1450 levels. ETH has recovered since then and is now back above $1600 levels. At press time, ETH is trading at a price of $1618 with a market cap of $185 billion.It turns out that on its way to recovery, the Grayscale Ethereum Trust (ETHE) added an additional 10,000 ETH coins to its kitty in the last 24-hours, as per data on Bybt. Thus, just like Bitcoin (BTC), institutional inflows into Ethereum continue as big…

Coinbase, one of the largest crypto exchanges is going public on Nasdaq via direct listing after months of speculations over its public debut post its announcement in December.*COINBASE FILES TO GO PUBLIC ON NASDAQ VIA DIRECT LISTING — zerohedge (@zerohedge) February 25, 2021The crypto exchange in its S-1 filing with the SEC revealed, $3.4 billion in total revenue until 2020.  largely from transaction fees (96% of net revenue).  net income of $322.3 million in 2020, a net loss of $30.4…