Cash App and Chivo help drive Lightning payment volume up 400%

A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe.  CNBC today told the story of Alena Vorobiova, a Ukrainian refugee currently seeking sanctuary in Poland. Vorobiova used Lightning to transfer $100 worth of Bitcoin from Miami, where it was […]

Structure to Develop Mobile App to Drive DeFi Adoption

Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile users, just raised $20 million from investors and from a private sale of its digital currency $STXR. The company will offer decentralized finance (DeFi) crypto-denominated lending outside of traditional banking, as well as investing in tokenized assets, digital versions of assets […]

The ‘Merge’ Will Drive More Interest In Ethereum, Says Bloomberg Analysts

The Ethereum ‘Merge’ remains one of the most anticipated upgrades out of the crypto space. This merge would be the network on a completely different track by improving the security and scalability of the blockchain. One thing that remains at the forefront of investors’ minds is what impact this upgrade will have on the asset […]

Interest in Ether Options Outpaces Bitcoin, Can Drive ETH to New Highs

Ether (ETH) options are having a fantastic year, with open interest on Deribit — the largest market for these options — having surged 315% to $158 million over the past two months, breaking the $150-million barrier for the first time ever.  Even though Ether first came about only to serve the users of the Ethereum […]

Mike Novogratz Pushes Galaxy Digital Course to Drive Adoption of Bitcoin

Mike Novogratz believes that the partnership with the financial education firm CAIS would help kickstart the institutional adoption of Bitcoin. Mike Novogratz, the CEO of Galaxy Digital, believes that the next phase of Bitcoin adoption is institutional. His company recently partnered with the financial education firm CAIS to train fund managers and financial institutions on […]

Clarifying Tokenization to Drive Global Adoption

Microsoft, IBM, Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed to drive tokenized ecosystems.  Microsoft’s principal architect and the IWA chairman, Marley Gray, […]

High Remittance Fees and Unstable Rupee Drive Crypto Adoption in India

A recent report highlights that India’s growing demand for cryptocurrencies is driven by the need for lower remittance fees and a more stable currency to store value.  The cryptocurrency spot and derivative exchange OKEx in collaboration with Coinpaprika studied the Indian cryptocurrency markets and estimated that the global share of cryptocurrency transactions in India will […]

3 Straight Record Days Drive CME Bitcoin Futures Open Interest to All-Time High

Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday, the third consecutive day of open interest records this week. Significant growth in CME futures demonstrates the intensifying contest between the stalwart institutional trading platform and crypto-native derivatives exchanges like BitMEX.  Over the past month, CME’s bitcoin […]

Indian State Gov’t Partners With Blockchain Firms to Drive Tech Growth

T-Block, an Indian government-led blockchain accelerator program by the State Government of Telangana and Tech Mahindra, has partnered with blockchain companies Matic Network, Harmony, and Aeternity to support the growth of blockchain startups across the state. Local news outlet Telangana Today reported on May 7 that the three blockchain platforms will help Telangana-based startups work […]

Bitfinex Lists New Cross-Chain DeFi Token to Drive DEX Liquidity

Major crypto exchange, Bitfinex, continues to drive decentralized finance, or DeFI, adoption by announcing support for a new cross-chain DeFi solution. Bitfinex exchange plans to list pTokens (pBTC) — a new token that aims to unlock cross-chain DeFi liquidity by connecting Bitcoin (BTC) to any blockchain. The token is pegged 1:1 to Bitcoin and is […]