Galaxy Digital Appoints Former Goldman Executive Michael Daffey as Chair

Galaxy Digital Holdings Ltd., a bitcoin-focused firm offering banking and institutional services, has appointed Michael Daffey to take the position of chairman. The new chairman will officially resume duty on Sept 1. Knowing fully well what the new role involves, Daffey said, “This is a great, new next chapter for me. I have a lot to learn.” The chairman’s position was once held by the founder of the company, Michael Novogratz, who will remain as chief executive. Daffey and Novogratz used to work together at Goldman in Asia in the 1990s before the latter left and started working at Fortress

Another Win for Ethereum: Rothschild Buys 265,302 Shares of Grayscale ETH

Asset management company Rothschild Investment Corporation recently purchased 265,302 shares of the Grayscale Ethereum Trust, valued at $4.75 million. The asset manager disclosed that it had increased its shares in the Ethereum Trust to $4.75 million as of March 31, 2021. According to regulatory filings,  Rothschild was one of the first asset management institutions to seek ETH exposure through Grayscale Trust product. Major institutions purchasing ether has always been unavoidable as more investors are flocking to the market. As previously reported, Grayscale Investments managing director Michael Sonnenshein said the number of investors interested in ETH is on the rise. Sonnenshein also

Turkey Bans Crypto Payments, Cites “Irreparable” Damage and Transaction Risks

The Central bank of the Republic of Turkey has banned citizens from using cryptocurrencies as a medium of exchange and payments. The new law will take effect starting April 30, 2021, the country’s official Gazette reported Friday. The central bank claimed that the reason for the ban was due to “irreparable” damage and significant transaction risks associated with cryptocurrencies. The bank noted that crypto wallets are vulnerable to theft and crypto transactions are irrevocable, hence crypto assets are a poor medium of exchange.  The ban comes after Turkish authorities demanded user information from crypto trading platforms last week. The central bank

Ethereum Hits A New All-time High As It Soar Above $2,500. | Coinfomania

For the first time since Ethereum became a tradeable asset, it finally crossed the $2,500 mark to record a new all-time high. The new milestone came just within 48 hours of Berlin, the latest Ethereum network upgrade went live. No doubts some of the aims of the new upgrade is taking place. The break above $2,500 is an inevitable one as the bulls have put in a lot of efforts to see Ether surge this high. The first time ETH showed signs of breaking above $2,500 was during the last 48 hours but was met by stiff opposition. During the

Brevan Howard’s Wealth Manager to Invest $84 Million in Cryptocurrencies

European hedge fund company Brevan Howard Asset Management is reportedly the latest fund manager to consider investing a percentage of its capital in cryptocurrencies, including Bitcoin (BTC). Someone familiar with the matter told Bloomberg today that the wealth manager will be investing about 1.5% ($84 million) of its $5.6 billion main hedge fund in cryptocurrencies. According to the source, the investment will be headed by Distributed Global founding partners Johnny Steindorff and Tucker Waterman. Bloomberg noted that it reached out to Brevan Howard’s spokesman to confirm the authenticity of the information, however, it did not receive any comment as at

Chainlink Launches New Whitepaper for Better Smart Contracts

Chainlink has launched a new whitepaper dubbed “Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks (DONs),” in an effort to expand into creating oracle networks for computation and smart contracts.  Per an announcement today, the paper illustrates how DONs can be deployed in several use cases, especially creating decentralized metalayers that would lead to the optimization of “feature-rich” smart contracts applications.  Better Computation Chainlink envisions redefining the functions of DONs from its initial design into a more advanced solution that is similar to layer-2 technology.  The Chainlink’s original whitepaper was initially designed to have DONs compute external

Crypto Market Outlook: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB).

The last 24 hours saw a mixed market sentiment. While some altcoins were on the rise, major coins saw price corrections and dips opening opportunities for buyers to bag more. At the time of writing, most cryptocurrencies are on the rise as it seems buyers took the opportunity to buy and start a rally. Here is the crypto market outlook for today: Bitcoin (BTC) That last trading session played out quite bearish for the king coin as it lost more than 2% of its value during the period. The bears were grinning hard as some long accounts were liquidated. The

WallStreetBets Softens Crypto Stance, Will Allow DOGE, BTC, and ETH Topics

The current crypto rally has garnered so much momentum that it can no longer be stopped as it continues to attract the attention of many investors, including those in the popular Reddit community, WallStreetBets. According to a recent post on the subreddit, the forum will now start allowing discussions about the two top cryptocurrencies, Bitcoin and Ethereum, and the meme-inspired coin, Dogecoin, in a daily crypto discussion thread in the community. WallStreetBets had stayed away from participating in discussions or approving posts related to cryptocurrencies and their underlying technologies in an attempt to stay true to their core value —

Southampton FC Players to Receive Bonus Payments in Bitcoin

Bitcoin continues to make a solid impact in the world of sports. A recent report revealed that all 24 players of the famous English football club Southampton can now choose to receive their yearly performance bonus payment in Bitcoin (BTC). To aid this development, Southampton signed a three-year partnership agreement with sports betting brand, Coingaming Group, a kind of extension to a one-year deal made earlier. The deal, sealed over the weekend, involves two major events. First, the English club’s players have the option of receiving their yearly bonuses in bitcoin and second, sportsbet.io, a popular betting platform (operating under Coingaming),

Bitcoin ETF Incoming? Senate Confirms Gary Gensler as New SEC Chair

The U.S. Senate has nominated Gary Gensler to serve as the 33rd chair of the U.S. Securities and Exchange Commission (SEC) after a 53-45 vote.  The SEC’s existing commissioners released a congratulatory statement after the Senate confirmation of Gary Gensler saying, “A warm congratulations to Gary Gensler on his Senate confirmation to become Chair of the SEC. He will be joining a dedicated staff that works tirelessly day in and day out on behalf of investors and our markets. We welcome him back to public service and look forward to working together to execute our vital mission.” With BTTC, the