Category: COIN

Russia Not Ready For Bitcoin As Legal Tender, Putin’s Spokesman Peskov Says

Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a…

Italian Soccer Champion Inter Secures $100 Million Crypto Partnership Deal

Inter Milan, Italy’s reigning soccer champion, has signed a partnership agreement with blockchain company Zytara Labs. The collaboration aims to provide users of the club’s mobile app with access to…

Bank Of America Sees Long Road Ahead For Coinbase To Become The ‘Amazon Of Crypto Assets’

Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of…

Man Sentenced To 8 Years In Prison For Stealing Nearly $7 Million Of Crypto In Israel

Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man,…

Palestinians Ponder Digital Currency As Move For Monetary Independence

The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic…

Basketball Players In Canada To Be Paid In Bitcoin

CEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled…

JPMorgan, Goldman Sachs Initiate Coverage Of Coinbase Stock — Up To 60% Price Upside

Investment banks JPMorgan and Goldman Sachs have initiated coverage of the Coinbase Global stock. JPMorgan gives Coinbase an overweight rating with a 60% upside potential while Goldman Sachs begins with…

Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’

Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq…

Hip Hop Star Nas Calls Himself ‘Cryptocurrency Scarface,’ Mentions Coinbase Investment In New Video

Hip hop legend and recording artist Nasir Jones, known by his stage name “Nas,” recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter mentioned…