Crypto News

Robinhood Stock Debuts at $38, Immediately Drops 9% Before Recovering

The online brokerage company Robinhood debuted its stock early Thursday, only to see a 9% drop in share prices over the next 15 minutes. The initial price [...]

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29 July 2021 17:17

PayPal CEO Touts Promise of Digital Wallets for Stimulus Payments

Is there a better way to distribute stimulus payments? The question has come up in light of governments’ efforts to hand out pandemic relief to their citizens—efforts [...]

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29 July 2021 15:39

State Street to Offer Crypto Services for Private-Fund Clients

State Street is continuing its foray into the cryptocurrency space after announcing it will soon offer its private-fund clients an array of crypto-related services. To accomplish this, [...]

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29 July 2021 15:36

Robinhood CFO Hints at Big Crypto Plans Post-IPO

The popular stock buying app Robinhood begins a new chapter as a public company on Thursday. This designation means the company will have to disclose more details [...]

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29 July 2021 14:01

Compass Helps Bitcoin Miners Sidestep Taxes By Connecting to IRA

Outside of accountants, no one likes paying taxes. That’s especially true of Bitcoin miners, whose crypto earnings are taxed in fiat dollars. Compass Mining, which sells hardware [...]

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29 July 2021 14:00

Bitcoin’s Hash Rate Rises After China’s Miner Exodus

Bitcoin’s global network appears to be recovering from the recent slump caused by China’s crackdown on the crypto mining industry. According YCharts, the Bitcoin hash rate reached [...]

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29 July 2021 12:47

Bank of America, FTX, Coinbase Ventures Join $300M Investment in Paxos

Paxos, a New York-based blockchain company, announced on Thursday that four high-profile investors have joined its recent $300 million Series D funding round. The most notable of [...]

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29 July 2021 12:00

Robinhood Hits $32 Billion Valuation After $2.1 Billion IPO

Popular stock trading app Robinhood, which was at the epicenter of the “meme stock” frenzy earlier this year, raised $2.1 billion via its much anticipated initial public [...]

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29 July 2021 11:37

US Senators Look to Raise Extra $28 Billion via Crypto Taxes

The latest iteration of the bipartisan infrastructure plan in the United States Senate has been supplemented with several new provisions aimed at expanding crypto-related taxation and reporting [...]

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29 July 2021 09:01

Thorchain Mounts 36% Recovery After Last Week’s Multi-Million-Dollar Hack

July has been a volatile month for the multi-chain DeFi project Thorchain.  In the past two weeks, the project has fallen to two major hacks, which saw [...]

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29 July 2021 08:19

New Jersey Gives BlockFi Another Month Before New Account Ban

Crypto lender BlockFi is facing lots of questions from state regulators. It just bought a little more time to address some of them. According to BlockFi CEO [...]

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28 July 2021 23:40

Ethereum Trading Volume Growth Outpacing Bitcoin in 2021: Report

More money than ever before is being pumped into Ethereum—and it’s largely down to big Wall Street players taking an interest in the cryptocurrency, and DeFi, according [...]

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28 July 2021 21:49

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