Fintech

What Happened: Billy Markus, who created Dogecoin (CRYPTO: DOGE) alongside Jackson Palmer in 2013, doesn’t appear to be surprised by the crypto market’s massive decline. Markus took to Twitter to explain that the current situation was nothing but history repeating itself, given that...

The cost of living in dense technology hubs like San Francisco, among others, outpaced Detroit, nearly 88%. That according to EntryPoint’s 2021 Detroit Entrepreneurial Ecosystem Report. In unpacking why Detroit is an attractive location for entrepreneurs to locate, live and launch their...

What Happened: Shenzhen-based Bitcoin miner BIT Mining (NYSE: BTCM) has already shipped some of its mining equipment outside China, according to a press release from the company. The company reported that 320 mining machines with a capacity of 18.2 PH/s had been delivered to a facility in...

Jan Van Eck, the CEO of asset manager Van Eck Associate, urged the United States Securities and Exchange Commission (SEC) to approve a Bitcoin (CRYPTO: BTC) exchange-traded fund due to investor demand. What Happened: According to a Tuesday CNBC report, Van Eck said that the...

Amber Group — a Hong Kong-based cryptocurrency trading firm founded by Morgan Stanley (NYSE: MS) traders turned into a unicorn. What Happened: According to a Monday Bloomberg report, Amber Group reached a valuation of $1 billion in 18 months since its 2018 founding...

What Happened: Crypto markets entered a downward spiral after China’s central bank warned financial institutions against dealing with cryptocurrency-related services. The selloff that followed saw Bitcoin (CRYPTO: BTC) briefly drop below $30,000, while Ethereum (CRYPTO: ETH) lost support...

What Happened: Market-leading cryptocurrency Bitcoin (CRYPTO: BTC) dropped below $30,000 for the first time since January and was trading $29,975 at press time, losing 25.88% of its value over the past seven days. In light of the continued sell pressure, Ki-Young Ju, CEO of on-chain...

Cryptocurrency on-ramp service provider Simplex will allow users of decentralized finance (DeFi) platform Kava (CRYPTO: KAVA) to access its ecosystem with credit card payments. What Happened: According to an announcement shared with Benzinga on Tuesday, Simplex will allow purchases...

What Happened: Morgan Stanley (NYSE: MS) has made its first investment in the blockchain industry, co-leading a $48 million investment round in digital asset securities firm Securitize, Inc. Blockchain Capital, Securitize’s largest investor, also co-led the round along with Morgan Stanley...

Uphold, a fintech providing investors single-wallet access to cryptocurrencies, fractional U.S. equities, commodities, carbon credits and FX, last week formally announced the launch of smart limit orders. As part of the development, Benzinga chatted with CEO JP Thieriot. About: Depending on...

*This article does not represent investment advice. Cryptocurrency trading is risky, and you might love all your capital. Key Highlights The 200-day moving average is above the 50 day MA – Bitcoin Death Cross day. Bitcoin (CRYPTO: BTC) and other leading altcoins have been mostly flat since...