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Total crypto assets held by Brazilians amount to nearly $50 billion now, compared to $16 billion held in U.S. stocks. By Andrés Engler   Brazilians acquired $496 million in cryptocurrencies in August and have already acquired $4.27 billion so far in 2021, the country’s Central Bank (BCB) disclosed on Friday. According to the Brazilian monetary authority, May was the peak of…

EV manufacturer Tesla has begun accepting Bitcoin as payment for its automobiles—and it won’t convert the cryptocurrency to fiat. By Adriana Hamacher In brief Tesla has begun accepting Bitcoin as payment for its cars. The company will not convert the Bitcoin it receives to fiat currency. Tesla CEO Elon Musk announced today on Twitter, that the EV manufacturer has begun accepting payment for…

Cuban says his Dallas Mavericks have pulled in some 112K DOGE in sales after supporting the meme coin in March—and they’re holding onto it. By Andrew Hayward In brief The NBA’s Dallas Mavericks have seen a rise in customers using Dogecoin to purchase team merchandise. Owner Mark Cuban tweeted that the team will “never sell” the DOGE it receives. Dogecoin (DOGE) is…

IN BRIEF The WBS Crypto 2 ETP weighs the top 20 crypto assets as per their market caps. The $WBS governance token holders get to vote on deciding the ETP portfolio structure, its rebalancing, as well as asset exposure.     WallstreetBets, the Reddit group that rocked the GameStop (NYSE: GME) rally on Wall Street is all set to take…

Some of Bitcoin’s most influential holders bought the dip during last week’s market meltdown.   Large Bitcoin (BTC) holders appear to be aggressively buying the dip amid the latest price correction, raising optimism that the coordinated selloff could be about to end. Using data from Glassnode, Morgan Creek Digital’s Anthony Pompliano recently concluded that the so-called Bitcoin whales — entities…

Flickr: Marco Verch Bitcoin miners have not started selling their holdings, suggesting we might not be near the top yet. Bitcoin miners selling their holdings is seen as berish sign. he Miner inflow MA7 data indicates bitcoin miners are yet to start selling their holdings indicating we haven’t reached a potential top this bull cycle. Bitcoin miner’s trading activity acts…

Bitcoin price just pulled back 5% from the now rejected retest of the asset’s current-standing all-time high. The leading cryptocurrency by market cap was struggling with resistance as it was, but news breaking that Binance is the focus of a CFTC probe caused the pullback to worsen sharply. Here’s a brief breakdown of what’s going on in this developing situation,…

It purchased another $17 million in Bitcoin and became the first public company to put Ethereum on its treasury books.   Buying Bitcoin…and Ethereum You may have not heard of Meitu yet, but the Chinese photo app is making quite the ripples on the online Ethereum community. The Chinese photo editing app is listed on the Hong Kong Stock Exchange and…