Coinsquare acquires publicly traded crypto exchange CoinSmart

Canada’s crypto exchange landscape appears to be consolidating after Coinsquare, one of the largest digital asset trading platforms in the country, acquired CoinSmart for an undisclosed amount.  On Thursday, Coinsquare announced that it had entered into a definitive agreement to purchase all issued and outstanding shares of CoinSmart’s wholly-owned subsidiary Simply Digital. Once the deal becomes final, CoinSmart will hold a roughly 12% ownership stake in Coinsquare on a pro-forma basis. Shares of the CoinSmart crypto exchange, which trade on the NEO Exchange, were up 67% on Friday, largely in…

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Report on publicly listed mining firms

The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library. The latest paper looks at a particular group of players in the Bitcoin (BTC) mining industry. Published by crypto consulting firm Crypto Oxygen, the report highlights the current landscape of publicly listed crypto mining companies that control approximately 17% of the total hash rate of the entire Bitcoin network.  The crypto mining industry is a quickly growing and evolving sector. In January this…

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Youtuber and alleged thief publicly refuses to return investors’ funds after $750k rug pull

On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul “Ice Poseidon” Denino. During the session, Denino allegedly confirmed that he made off with $750 thousand worth of his investors’ money through rug pulling a crypto project dubbed “Cxcoin.” The ordeal started last July, when Denino created the Cxcoin for streamers and content creators on the Binance Smart Chain. Denino then allegedly promoted the coin to his community of followers, telling them that “don’t worry, no rug [pull] here all the money…

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Publicly traded First Foundation invests in NYDIG as belief in digital assets grows

First Foundation Inc, a publicly traded financial services provider, has made a strategic investment into New York Digital Investment Group as part of a broader effort to provide clients with secure access to Bitcoin (BTC) investment products. “We believe digital assets are an important part of the future landscape of financial services and we are pleased to be a part of its evolution as we seek to serve the growing needs of our clients,” said First Foundation CEO Scott Kavanaugh. Regarding his firm’s investment in NYDIG, Kavanaugh explained: “NYDIG is…

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Argo Blockchain CEO becomes first publicly traded company exec paid in Bitcoin

On Wednesday, British cryptocurrency mining company Argo Blockchain revealed that CEO Peter Wall is now the first executive of a publicly traded company to take their entire salary in Bitcoin (BTC). In a February operational update, the company — which trades on the London Stock Exchange under the ticker ARB — said that as of Monday, Wall began taking his salary in the cryptocurrency and that “Any other Argo team members may choose to be paid in Bitcoin for part of or all of their salaries.” In an interview with…

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Publicly recanted! Luminaries who came to terms with crypto in 2020

Humans, being only human, tend to hang on to their cherished beliefs — even in the face of overwhelming contradiction. That’s why recantations — that is, public acts of refuting a previously held opinion — are so rare. This year, however, has presented several notable changes of heart where Bitcoin (BTC) and other cryptocurrencies were concerned — abetted, perhaps, by BTC’s climb to record price levels. Here are eight of the year’s more memorable turnarounds.  Nouriel Roubini, economist Crypto’s most ferocious critic recanted in 2020. Roubini, an NYU professor of…

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Grayscale Receives FINRA Approval for BCH and LTC to Trade Publicly

Crypto fund manager Grayscale Investments will make Bitcoin Cash and Litecoin available for public trading through shares of the firm’s cryptocurrency trusts. In the July 20 announcement, Grayscale said the Financial Industry Regulatory Authority (FINRA) in the United States had approved shares of the firm’s Bitcoin Cash Trust and Litecoin Trust for public trading. The two stocks will be available on OTC markets under the symbols BCHG and LTCN. Public trading for the two digital assets remains subject to full compatibility with the Depository Trust Company (DTC), the world’s largest…

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Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads: “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin.” Wilshire’s new Bitcoin Commodity Trust aims to have its shares available for public trading on OTC Markets Group, Inc.’s OTCQX Best Marketplace. Once issued, shares of the…

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