BlockFi

POKKET: Crypto Market Update (Aug 1)

POKKET: Crypto Market Update (Aug 1)

Bitcoin is +1% to $41.8k, ETH is +4.8% to $2525. Movers are YFII +21%, FIS +20%, DEGO +18%, rest are within range. China reiterates its stance and vows to continue cracking down on crypto and will ‘maintain high pressure on virtual currency trading hype’, in an effort to gear up for its own ICO, the digital yuan. Meanwhile, cryptwit is increasingly voicing concerns over the $550B US infrastructure bill and the planned $28B tax bill to the crypto industry to help pay for it — …
POKKET: Crypto Market Update (July 29)

POKKET: Crypto Market Update (July 29)

Bitcoin is +1.8% to trade just at $40k, ETH is flat at $2300. Movers are LINA +15%, RSR +11%, POWR +10%, otherwise quiet. Senator Warren makes more comments in a segment on CNBC, reiterating much of the same but also let slip up she feels digital currency "may be an answer to help the unbanked into the financial system". New Jersey is giving BlockFi another month before they ban new account openings. PayPal's Q2 crypto related transaction revenues rose 17%, topping earnings estimates. Bitcoin is…
POKKET: Crypto Market Update (July 25)

POKKET: Crypto Market Update (July 25)

Bitcoin is +1.9% to $34k, ETH is +2.9% to $2175. Movers are ALICE +33%, ADX +23%, AKRO +14%, IOST +13%. A Gallup poll showed 6% of American investors own Bitcoin, compared to 2% back in 2018. Vermont has now joined the list of states probing into BlockFi, over the legality of its interest account product - this is the fourth state, including Alabama, Texas and New Jersey. A New York town wants to ban ugly Bitcoin miners, literally because they are an eyesore and local residents are complaining i…
POKKET: Crypto Market Update (July 23)

POKKET: Crypto Market Update (July 23)

Bitcoin is flat at $32.1k, ETH is +1% to $2k. Movers are OXT +20%, DLT ADX +18%, AXS +15%, nothing stands out on downside. Its a busy week for securities laws in the US - the SEC has said stock tokens on both CeFi and DeFi platforms are securities and have suggested stablecoins backed by securities are indeed securities. Also, Texas, along with a few other states, say BlockFi's interest account violates security laws - the Alabama Securities Commission issued BlockFi with a show-cause notice, de…
POKKET: Crypto Market Update (July 1)

POKKET: Crypto Market Update (July 1)

Bitcoin is -3% to $35k, while ETH is up +4% to $2250, comfortably above $2k. Movers are NMR AXS +20%, POWR +18%, TRU +15%, and the rest follow mostly higher, no big standouts on the down side. Binance reinstates faster payments withdrawals for UK customers, amidst the drama surrounding regulators around the globe trying to attack the HQ-less company. Twitter dropped a collection of NFTs ran on Ethereum, although Jack Dorsey made it clear on the platform he will not invest in ETH, staying loyal t…