Cryptos: A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’
Vlad Tenev, CEO of Robinhood Markets, speaking at a “fireside chat” on Thursday, attempts to dispel any lingering speculation that the brokerage may be a so-called dogecoin whale, maintaining a massive stockpile…[Read more]

Nuvei eyeing $250M acquisition of crypto startup SimplexCanadian payments giant Nuvei is reportedly in talks to acquire Simplex, an Israeli cryptocurrency startup, for up to $250 million — sending a strong signal that the electronic payments processing industry is pivoting toward digital currencies.

The deal between Nuvei and Simplex is e…[Read more]

DOGE hype, while TEL score rings a bell for tradersWhat can you say about Dogecoin that hasn’t been said before? How about this: Elon Musk’s tweets aren’t the only thing that let the DOGE out.

This week, right in the middle of the retail trading frenzy that has turned everyone’s favorite cartoon puppy into a rabid bull-doge, Cointelegraph Markets…[Read more]

ETH on centralized exchanges continue to drop as investors turn to DeFi offeringsAs the amount of Ethereum locked up in DeFi protocols continues to grow, its supply on centralized exchanges is taking a beating.

While the number of ETH locked in DeFi protocols has grown by 75% since the beginning of 2020, the number of ETH held on exchanges has…[Read more]

EOS price rallies 100% following a proposal to increase staking rewardsAs the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible.

ConsenSys exec joins CoinFund to assist early-stage blockchain firmsVanessa Grellet, a five-year veteran of Ethereum software company ConsenSys, will be joining crypto investment group CoinFund as its new head of portfolio growth.

In an announcement from CoinFund on Thursday, the investment group said Grellet would be responsible for guiding its…[Read more]

VanEck looking to launch an Ethereum ETF in the US, files application with the SECVanEck is relentless over its intention to launch a crypto ETF in the United States. Although the U.S. Securities and Exchange Commission (SEC) is yet to approve its Bitcoin ETF application, the global investment manager has proceeded to file for an Ethereum ETF with…[Read more]

Bridgewater Associates CFO heads to Bitcoin-focused firmDeparting his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG.

India leaving crypto ban decision at the feet of individual banksIndian regulators have decided to leave the decision to ban cryptocurrencies with individual banks.

The National Payments Corporation of India (NPCI) has decided that banks should be the ones to make the choice to either ban or support cryptocurrency transactions. NPCI is an…[Read more]

Bitcoin’s upcoming Taproot upgrade and why it matters for the networkWhile a vast majority of crypto enthusiasts around the globe seem to be gushing about Ether (ETH) at the moment and how its upcoming London hard fork stands to push the premier altcoin’s value even higher, reports have recently surfaced that suggest Bitcoin’s much-awaited Tapro…[Read more]

SEC Chair finally admits that Bitcoin is a “Store of Value,” classifies most crypto tokens as securitiesIn a Friday appearance on CNBC’s “Squawk Box,” Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC) admitted that Bitcoin was a “store of value” despite its volatility.

Goldman Sachs launches limited BTC derivatives trading deskOne of the largest investment banks in the world just launched a cryptocurrency trading desk — though executives made sure to specify they would only be trading derivatives, and will not have actual digital assets on the books. A CNBC report this morning revealed a internal Goldman Sachs (…[Read more]

1Inch price hits a new high as the top DEX aggregator vies for DeFi dominanceAs the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.

One of…[Read more]

Norwegian Minister of Climate and Environment is an avid Bitcoin HodlerWhile several climate change evangelists and Bitcoin critics are seriously bashing Bitcoin for being an energy guzzler, the Norwegian Minister of Climate and Environment has openly praised the leading cryptocurrency and even admitted that he is a “hodler.”

Sveinung Rot…[Read more]

Reeling from post-hack price slump, Easyfi reveals community compensation planAfter a devastating hack, a cross-chain decentralized finance (DeFi) protocol has revealed today a temporary compensation plan for token holders and investors impacted by one of the largest exploits in DeFi history.

In a Tweet today, EasyFi announced their “Interim C…[Read more]

Altcoins rally as bulls pile into large-cap tokens and layer-1 projectsThe cryptocurrency market provides investors with another day of ‘altseason’ as the majority of altcoins in the top 100 on CoinMarketCap rallied today.

Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the…[Read more]

IDEX’s ‘hybrid liquidity pool’ aims to tackle some of DeFi’s biggest problemsIDEX (NYSE:IEX), a San Francisco-based decentralized exchange, has unveiled new protocol upgrades designed to solve two of the biggest issues with decentralized finance, or DeFi — slippage and front-running.

The exchange claims that its Hybrid Liquidity protocol solves…[Read more]

Shanghai Man: VeChain on TV, DOGE flips BTC volume, Hotbit hack and more
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

Ripple sold twice as much XRP in the last quarter, as demand grows for its ODL serviceDespite the ongoing legal battle with the Securities Exchange Commission, Ripple reported a 97% increase in sales of XRP for Q1.

Ripple posted its Q1 markets report on May 6th and revealed that total sales net of purchases had gone from $76.27 million in Q4…[Read more]

Square’s earnings 2.5X expectations, Bitcoin revenue up 1000% in 12 monthsU.S.-based financial services firm, Square Inc (NYSE:SQ), reports that its quarterly earnings doubled analyst expectations amid booming demand for crypto assets.

Global financial data provider Refinitiv had predicted Square would see earnings of 16 cents per share in Q1 2…[Read more]