Francisco Memoria

News Reporter

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

Articles by Author

Crypto Exchange Accidentally Sells Bitcoin at 88% Discount, Asks for BTC Back

The largest cryptocurrency trading platform in Southeast Asia, the Philippines-based PDAX platform, has suffered a technical failure and accidentally sold users BTC at $6,000 down 88% from the crypto’s price of $48,000 at the time. The incident occurred, according to Filipino news outlet BitPinas, after transaction volumes grew by 70x on the trading platform, leading […]

Researcher Believes He May Have Discovered Satoshi Nakamoto’s Twitter Account

A researcher going by Varun has published his analysis of a little-known Twitter account he believes may have belonged to Bitcoin’s creator Satoshi Nakamoto, based on its tweets hinting about bitcoin and its active period. The researcher published its findings on Substack, as Bitcoin.com reports, and revealed the Twitter account ‘Goldlover’ (@fafcffacfff) was very active […]

Crypto ETP Assets Under Management Swell to Near $44 Billion

The assets under management (AUM) of cryptocurrency exchange-traded products (ETPs) have swollen to close to $44 billion, even as trading volumes for these products dropped when compared to last month. According to CryptoCompare’s Digital Asset Management Review, the assets under management across all cryptocurrency ETPs surged by 50% to $43.9 billion, despite the trading volume […]

Bitcoin Bull Run is Far From Over as FOMO Hasn’t Set in Yet, Analysis Suggests

The price of bitcoin moved from little over $11,000 in October of last year to a new all-time high above $58,000 earlier this month. Despite the massive rise, analysis shows that bitcoin’s bull run likely isn’t over as fear of missing out (FOMO) hasn’t set in yet. According to researchers at on-chain analytics platform Whalemap, […]

Crypto Investment Fund to Sell $750 Million in Bitcoin to Buy Cardano and Polkadot

FD7 Ventures, a cryptocurrency investment fund based in Dubai with $1 billion in assets under management, has announced it plans to sell $750 million worth of bitcoin over the next 30 days, so it can increase its positions in Cardano (ADA) and Polkadot (DOT). According to a press release, the move will see the fund […]

Bitcoin Could Become ‘Digital Gold’ if Volatility Drops and Regulators Step in, Says Bridgewater Exec

Bridgewater’s director of investment research Rebecca Patterson has said that bitcoin could become digital gold if the cryptocurrency’s volatility drops and its liquidity improves with “regulatory certainty.” Patterson’s words came during an interview with Bloomberg, first reported on by Business Insider. During the interview, Patterson revealed she would not call bitcoin an “alternative currency” and […]

$650 Million Outflows From Coinbase Suggest Institutions Are Buying Bitcoin’s Dip

Institutional investors have seemingly bought the dip after the price of bitcoin corrected from an all-time high above $58,000 to about $45,000, with $650 million leaving cryptocurrency exchange Coinbase potentially signaling a large buy. The CEO of crypto data firm Ki Young Ju pointed to a massive 13,000 BTC movement out of the San Francisco-based […]

Bitcoin and Gold Serve Different Roles in a Portfolio: Goldman Sachs Analysts

Both bitcoin and gold have a specific role to play in investors’ portfolios and, as such, bitcoin won’t take over gold’s market capitalization, nor will gold make the flagship cryptocurrency irrelevant. According to a note from Goldman Sachs analysts reported on by CoinDesk, both assets serve a different role in investors’ portfolios, with gold remaining […]

Coinbase Reveals It Holds Bitcoin and Other Cryptoassets on Its Balance Sheet

San Francisco-based cryptocurrency exchange Coinbase has revealed it holds bitcoin and other cryptoassets on its balance sheet as investments, but did not reveal exactly how much of its funds are in crypto. In a blog post published by Coinbase’s head of institutional sales, trading, custody and prime services, Brett Tejpaul, it was revealed that Coinbase […]

177-Year-Old Swiss Bank Launches Cryptocurrency Trading Service

Bordier & Cie, a private Swiss bank launched 177 years ago in 1844, has started offering a cryptocurrency trading service for its clients, allowing them to buy, sell, and hold BTC, ETH, BCH, and XTZ. According to a press release, first reported on by CoinDesk, the firm is planning to expand the number of cryptoassets […]

Crypto Analyst Who Called 2018’s Market Boom Reveals His Main Altcoin Position

A top cryptocurrency strategist that has gained a large following on social media after accurately calling bitcoin’s 2018 bear market bottom above $3,000, has revealed his main altcoin position on a little-known cryptocurrency. The pseudonymous analyst, known as Smart Contractor on social media, told his over 100,000 followers he has been seeing signs the market […]

Brave Browser to Add Decentralized Exchange Aggregator to Grow BAT’s Use

The cryptocurrency-powered Brave browser has revealed plans to add a decentralized exchange (DEX) aggregator to its platform in a bid to bring the decentralized finance (DeFi) space closer to its millions of users. According to an update to its roadmap, Brave is planning on enabling token swaps through a decentralized exchange aggregator built on Brave, […]

By Buying BTC, Elon Musk Has Created a Positive Correlation Between Bitcoin and Tesla Stock

Daniel Ives, an analyst at Wedbush Securities, has revealed he believes in the short term Tesla’s share price is directly going to be linked to the price of bitcoin, after the electric car marker’s $1.5 billion bitcoin bet. According to CNBC, Ives wrote that as Tesla is “diving into the deep end of the pool […]

North America’s First Bitcoin ETF Surpasses $500 Million in AUM

The Purpose Bitcoin ETF, managed by Purpose Investments, has seen its total assets under management surpass the $500 million mark this week as inflows from institutional investors appeared to be unaffected by the market’s dip. According to data firm Glassnode, the Purpose Bitcoin ETF, the first bitcoin exchange-traded fund (ETF) in North America, reached $564 […]

Bitcoin’s Market Value Will Surpass $100 Trillion, Says MicroStrategy’s CEO

The CEO of Nasdaq-listed business intelligence firm MicroStrategy, Michael Saylor, has revealed the market value of bitcoin will surpass $100 trillion in the future, and that the cryptocurrency will become a “stabilizing influence” for the global financial system. Speaking on CNBC’s “Squawk Box,” Saylor said there is a $500 trillion monetary planet out there, with […]

Top Crypto Analyst Says These Are Bitcoin’s Price Levels to Watch After BTC’s 15% Drop

Top cryptocurrency analyst  Michaël van de Poppe has charted several bitcoin price levels for traders to watch after the flagship cryptocurrency’s price dropped below the $50,000 mark this week amid a wider market sell-off. The trader, who predicted that February and March could see a significant market correction, said he is looking at $47,500 as […]

Bitcoin Whales Accumulating Should Keep Price Above $44,000, Crypto CEO Says

As the price of bitcoin drops from a new all-time high above $58,000 to $46,000 at press time,  the CEO of a cryptocurrency analytics platform revealed that BTC whales are accumulating funds, making it unlikely for the price to drop below $44,000. On social media, Ki Young Ju, CEO of CryptoQuant, said that the so-called […]

Former Goldman Sachs Exec Switches to ‘Buy the Dip Mode’ Amid Bitcoin Price Drop

As the prices of most cryptocurrencies plunge, former Goldman Sachs executive and Real Vision CEO Raoul Pal revealed he feels relief when prices drop as he switches into “buy the dip mode.” March, he said, is a historically weak month for cryptoassets. On Twitter, Raoul Pal revealed, however, he is not sure whether this is […]

Crypto Analyst Explores Possibility of Binance Coin (BNB) Flipping Ethereum (ETH) to Take 2nd Place

The price of Binance Coin (BNB) exploded upward over the last 30 days, going up 560% from about $40 to a new all-time high above $340 before it started correcting. Crypto analyst and trader Nicholas Merten weighed in on its rise. On a new DataDash video, first reported on by Daily Hodl, Merten told his […]

Thailand to Target Cryptocurrency Holders in Plan to Revive Tourism Sector

The Tourism Authority of Thailand (TAT) is set to target cryptocurrency holders in a bid to revive the country’s tourism sector, which was heavily affected by the COVID-19 pandemic. According to the Bangkok Post, the plan will target Japanese tourists initially, as these are considered to be the top holders of bitcoin. The news outlet […]

Bitcoin Price Could Hit $250,000 if Corporations Keep Buying BTC, Abra CEO Predicts

Bill Barhydt, the CEO of digital payments platform Abra, has predicted the price of bitcoin could move up to $250,000 if corporations keep on buying BTC, presumably as a supply squeeze would force the price to exponentially go up. In an episode of the “What Bitcoin Did” podcast with Peter McCormack, first reported on by […]

Tesla’s Bitcoin Bet Made It $1 Billion in Profit, Analyst Estimates

Daniel Ives, an analyst at Wedbush Securities, has estimated that Tesla’s $1.5 billion bet on bitcoin has made it roughly $1 billion in profits as the price of the flagship cryptocurrency goes up. According to CNBC, Ives wrote that the company is on “a trajectory to make more from its Bitcoin investments than profits from […]

Popular Crypto Analyst Says This Little-Known Altcoin Could Soon Surge

Popular cryptocurrency trader and influencer Elliot Wainman has revealed he is bullish on a little-known altcoin that he believes could surge in the near future as it combines the advantages of decentralized finance (DeFi) with non-fungible tokens (NFTs). In a YouTube video pushed to his 260,000 subscribers, Wainman pointed to the KIRA Network (KEX), a […]

Rocker Gene Simmons Announces $300,000 Investment in Cardano (ADA)

Gene Simmons, the iconic bass player of the popular rock bank Kiss, has announced he has invested $300,000 into Cardano (ADA), shortly after announcing positions in other cryptocurrencies including BTC, ETH, and DOGE.  On social media, Simmons published a tweet announcing his investment and warning his 938,000 followers that he is not a financial analyst […]

Long-Term Gold Bull Says Bitcoin May Be Better Bet

Billionaire investor Jeffrey Gundlach, CEO of DoubleLine Capital, has revealed that while he is still a long-term dollar bear and gold bull, sees bitcoin as a better bet after turning neutral on both the U.S. dollar and gold. In a tweet, Gundlach said bitcoin may well be the “stimulus asset,” referencing the cryptocurrency’s surge over […]

Binance Coin (BNB) Becomes Third-Largest Crypto By Market Cap as PancakeSwap Shines

Binance Coin (BNB), the native token of leading cryptocurrency exchange Binance, has surged to a new all-time high above $260 and is now the third-largest cryptocurrency by market capitalization, surpassing Tether’s USDT stablecoin and Polkadot’s DOT. According to TradingView data, BNB has surged over 500% in the last 30 days and is now trading at […]

JPMorgan, Goldman Sachs, and UBS Invest in Polkadot (DOT) ETP

Traditional financial institutions including JPMorgan and Goldman Sachs have bought shares in the first exchange-traded product (ETP) that offers investors exposure to Polkadot’s DOT cryptocurrency for clients. According to CoinDesk, citing data reviewed from a Bloomberg terminal, Goldman Sachs, ICAP, JPMorgan, UBS, Kepler Securities, Instinet, and others have bought shares in the Switzerland-based 21Shares’ ETP. […]

Ethereum (ETH) Hits New All-Time High Near $2,000 Amid Growing Institutional Demand

The price of Ethereum’s ether cryptocurrency has hit a new all-time high near the $2,000 mark as institutional demand for the second-largest cryptocurrency by market capitalization keeps on growing. According to data from CryptoCompare and TradingView, on several cryptocurrency exchanges the ETH/USD trading pair surpassed the $1,920 mark before enduring a small correction that took […]

Bitcoin Whales Keep Accumulating as BTC Price Remains Above $50,000

The number of bitcoin whales has reached a new all-time high, as there are now 94,000 BTC addresses holding at least $1 million in bitcoin, and data shows that the number of addresses holdings between 1,00 and 10,000 BTC has been rising. According to Glassnode, the number of millionaire addresses surged recently as each wallet […]

Elon Musk Inadvertently Helps Little-Known Crypto Surge Over 1000%

Tesla CEO Elon Musk has inadvertently helped the price of a little-known cryptocurrency surge by over 1,100% in a short amount of time after tweeting out there will be a “MarsCoin,” following up on a suggestion on social media. After saying he would pay major Dogecoin holders to dump their DOGE, a user on the […]

XRP Whale Moves 220 Million Tokens After Price Nearly Doubles in a Month

An XRP whale was caught moving over 220 million tokens, worth over $122 million, after the price of the cryptocurrency nearly doubled over the last 30 days, partly thanks to a wider rise in cryptoasset prices. According to large cryptocurrency transaction monitor Whale Alert, the transaction was followed by several other large XRP transactions for […]

World’s Largest Asset Manager Has ‘Started to Dabble’ in Bitcoin

The world’s largest asset manager BlackRock, with over $7.3 trillion in assets under management, has started “dabble” in bitcoin, at a time in which the price of the flagship cryptocurrency is above $51,000. Speaking on CNBC’s Squawk Box, BlackRock CIO Rick Rieder revealed that the asset manager has “started to dabble” in the flagship cryptocurrency, […]

Bitcoin’s Rally Is ‘Unsustainable’ Unless Volatility Drops, Say JPMorgan Strategists

JPMorgan strategists led by Nikolaos Panigirtzoglou have revealed in a recently published note that “unless bitcoin volatility subsides quickly form here” the cryptocurrency’s rally, which saw it surpass the $50,000 mark, “looks unsustainable.” In the note the analysts referenced bitcoin at $48,000. Since then, the price of the flagship cryptocurrency has broke the resistance at […]

Microsoft Isn’t Planning a Large Bitcoin Investment, Its President Clarifies

Microsoft’s president Brad Smith has revealed the tech giant is not planning on making a large Tesla-like investment in the flagship cryptocurrency bitcoin, even though the firm has been supporting bitcoin payments for years. During an interview with CNN’s Julia Chatterley, Smith refuted assumptions Microsoft could be next in making a large investment in cryptocurrency, […]

CryptoCompare Report Highlights Top Crypto Exchanges and Why They Stand Out

Cryptocurrency exchanges have over time kept on increasing their operational standards and transparency, to the point most trading platforms are now considered Top-Tier and improved security has led to fewer hacking incidents. According to CryptoCompare’s Exchange Benchmark report, Top-Tier exchanges, those graded AA-BB, have gained an additional 13% market share in the last four months, […]

Bitcoin Bear Admits BTC’s Price Could Hit $100,000

Gold bug and Euro Pacific Capital CEO Peter Schiff, a well-known bitcoin bear who contends that bitcoin’s value may drop to zero, has admitted the flagship cryptocurrency’s price could hit $100,000 in the future, now that it has surpassed the $50,000 mark. In a tweet, Schiff admitted that a move to $100,000 “can’t be ruled […]

Institutional Interest in Ethereum at Unprecedented Levels, Says a Leading Crypto Investment Firm

The chief strategy officer at investment firm CoinShares, Meltem Demirors, has revealed institutional investor interest in the second-largest cryptocurrency Ethereum (ETH) is at levels that have never been seen before. In an interview with Fox Business, Demirors revealed that CoinShares, which tracks the total institutional inflows into a number of cryptoassets through cryptocurrency companies and […]

Bitcoin Price Could Soon Explode Higher, Crypto Research Implies

The price of bitcoin has been steadily moving up over the last few months, hitting a new all-time high above $50,000 earlier today before a breakout was rejected and the cryptocurrency’s price dropped back down to $49,100 at press time. The price of bitcoin started surging in October of last year, after PayPal announced it […]

Bitcoin Miners Accumulating as Long-Term Holders Take Profits: Report

A newly published report suggests that while long-term bitcoin holders are starting to take profits as the price of the flagship cryptocurrency keeps rising past new milestones, bitcoin miners are now accumulating coins. On-chain analytics firm Glassnode has revealed that miner outflows have dried up so far this month, at a time in which long-term […]

Bitcoin’s Dominance Will Go Up, Warns Analyst Who Predicted 2018 Bear Market Bottom

A pseudonymous cryptocurrency analyst and trader who correctly called bitcoin’s 2018 bear market bottom slightly above the $3,000 mark has warned that the flagship cryptocurrency’s share of the crypto market is set to soon rise. In a tweet, first spotted by Daily Hodl, the trader Smart Contractor told his 94,000 followers that he is selling […]

Umbria Partners with Polygon to Leverage DeFi Protocol

Umbria Network, a decentralized finance platform on the Ethereum blockchain – https://umbria.network/, is proud to announce that it will be deploying its suite of applications on Polygon (previously Matic Network). Polygon – which has vast experience and presence in the DeFi space – provides scalable, secure and instant Ethereum transactions using Plasma side chains and […]

$150 Billion Unit of Morgan Stanley May Bet on Bitcoin: Report

Counterpoint Global, a $150 billion unit of Morgan Stanley Investment Management that has racked up wins in mutual-fund rankings, is exploring whether bitcoin would be a suitable option for its investors. According to Bloomberg, for the Morgan Stanley unit to move to buy bitcoin, it would require regulatory approval, but it would further lend legitimacy […]

This Hot DeFi Token Is Up 1000% So Far This Year

The token of a relatively new decentralized exchange in the decentralized finance (DeFi) space has rallied over 1,000% so far this year as the DEX has been seeing massive trading volumes over the last few weeks. The native token of PancakeSwap (CAKE) launched late last year and has surged recently as the exchange is now […]

Popular Crypto Analyst Predicts XRP’s Price Will Surge to Outperform Bitcoin

A pseudonymous cryptocurrency analyst with a significant following on Twitter has predicted the price of XRP will surge in the near future to outperform the flagship cryptocurrency bitcoin, and sees the token hit a $10 high. According to tweets shared by Credible Crypto with his over 114,000 followers, he sees XRP breaking out against bitcoin […]

Twitter CEO and Jay-Z Launch Bitcoin Endowment With 500 BTC Investment

Twitter and Square CEO Jack Dorsey has announced a partnership with well-known rapper and entrepreneur Jay-Z to start a bitcoin endowment focusing on developing the cryptocurrency in India and Africa. The bitcoin endowment, called “₿trust” has received an initial investment of 500 bitcoin, worth $23.96 million at press time, and is set to initially focus […]

Bitcoin Price Could Surpass $150,000 in July, Says Crypto Bull Preston Pysh

Preston Pysh, a popular market analyst and well-known bitcoin bull, has revealed he believes bitcoin’s parabolic rise will keep on going this year, to the point it will surpass $150,000 in July before enduring a correction. In a new episode of the What Bitcoin Did podcast, first reported on by Daily Hodl, Pysh said BTC […]

Publicly Traded Crypto Mining Firms Are Turning to Major Industry Players: Report

A new report published by Elwood Asset Management has revealed that publicly traded cryptocurrency mining firms are moving from being relatively small in the industry to become significant industry players. The in-depth report details that publicly traded firms including Argo Blockchain, Hive Blockchain, Marathon Patent Group, Riot Blockchain, and Bit Digital have been able to […]

World’s Largest Custodian Bank Moving Into Crypto, Considering Issuing Cryptoassets

The oldest bank of the United States, Bank of New York Mellon (NYSE: BK), has revealed it will start financing bitcoin and other digital currencies through the rollout of a new cryptocurrency custody service. According to CNBC, the bank will start allowing cryptocurrencies to pass through the same financial network it is currently using for […]

Mastercard to Let Merchants Accept Cryptocurrency Payments This Year

Mastercard is planning on giving merchants the option of receiving payments directly in cryptocurrencies later this year, through a new functionality that would add on existing partnerships that let consumers pay in crypto, but converts the funds to fiat. According to a blog post published by Mastercard’s executive vice president for digital assets Raj Dhamodharan, […]

Bitcoin’s Parabolic Rally Helps Investors Escape Collapsing Monetary System, Says Max Keiser

Former Wall Street trader and popular cryptocurrency strategist Max Keiser has revealed he believes bitcoin’s parabolic rally is helping investors escape a collapsing monetary system that is leading to the destruction of the value of fiat currencies due to quantitative easing and other stimulus measures. In a Cambridge House International interview, first spotted by Daily […]

Bitcoin Price Could Move to $400,000 As Adoption Grows, Analysts Suggest

Multiple analysts have suggested that the price of bitcoin could move to $400,000 in the future ad adoption for the flagship cryptocurrency keeps on growing and its circulating supply drops as adopters take coins out of the market. Speaking to Yahoo Finance Cathie Wood, founder of asset management firm Ark Invest, which has argued that […]

XRP Trading Could Return to US Once Ripple Settles SEC Lawsuit, Says Legal Expert

Stephen Palley, a popular virtual currency attorney with “extensive experience in resolving complex commercial disputes,” has weighed in on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs over the XRP token. In a tweetstorm, the partner at Anderson Kill revealed he believes that Ripple quickly answered the SEC’s complaint, which shows the […]

Elrond (EGLD) Jumped 600% Year-to-Date Thanks to DeFi and Cross-Chain Integrations

The price of Elrond (EGLD) has moved up over 600% since the beginning of the year thanks to its move to the decentralized finance (DeFi) space and cross-chain integrations that helped bolster investors’ confidence in the cryptoasset. Elrond is a blockchain protocol designed to offer fast transaction speeds to users and supports decentralized applications, enterprise […]

Bitcoin Price Will Hit $100,000 This Year as Companies Adopt It, Novogratz Predicts

Former hedge fund manager and founder of cryptocurrency investment firm Galaxy Digital Michael Novogratz has predicted the price of bitcoin will more than double to $100,000 by the end of this year as “every” company in the U.S. will buy BTC. Speaking during a Bloomberg Television interview, Novogratz reacted to Tesla revealing it had invested […]

Miami Mayor Working on Resolution to Add BTC to City’s Balance Sheet

Miami Mayor Francis Suarez has revealed he is working on a resolution to add bitcoin to the city’s balance sheet, and pointed out that Tesla’s announcement on buying bitcoin was “very helpful” in making his decision. The news came responding to cryptocurrency influencer Anthony Pompliano, who wrote that the “race is on to see what […]

Cryptocurrency Trading Volumes Nearly Doubled to New Highs Last Month: Report

Cryptocurrency spot and derivatives trading volumes have surged last month as the price of bitcoin moved to a high near $42,000 and subsequently crashed to less than $30,000 before recovering. According to CryptoCompare’s January 2021 Exchange Review, spot trading volumes increased 97% in January to $2.34 trillion, while derivatives volumes increased 101% to $2.89 trillion. […]

Bitcoin Price Will Hit $50,000 Soon, Popular Analyst Suggests

A popular analyst has suggested that bitcoin is showing signs it will continue its uptrend to reach a new record high above $50,000, based on technical indicators including moving averages and candlestick patterns. The analyst, TradingShot, has published a recent note analyzing the BTC/USD trading pair and pointing out its trend suggests it will soon […]

Dogecoin’s Market Cap Briefly Surpasses $10 Billion on Tweets From Elon Musk and Other Celebrities

The market capitalization of Dogecoin (DOGE), a meme cryptocurrency using the Shiba Inu dog breed as its mascot, has briefly surpassed the $10 billion mark thanks to tweets from Tesla CEO Elon Musk and other celebrities. The price of the cryptocurrency, according to available data, hit a new record high of $0.083 before dropping to […]

Crypto Exchange FTX Pledges to Donate 1% of Fee Revenue to Charity

Popular cryptocurrency exchange FTX has pledged to donate 1% of its fee revenue to charity via the newly formed FTX Foundation. Per the exchange, users will be able to vote on the destination of the donations. In a blog post where FTX points out it has “grown tremendously” as its daily trading volume now averages […]

Bitcoin Price Could Move to $50,000 as Gold Falters, Says Bloomberg Analyst

The price of bitcoin could be moving toward the $50,000 mark in the near future, as investors move funds out of gold and bet on the cryptocurrency space, according to Bloomberg senior commodity strategist Mike McGlone.  On the February 2021 edition of the “Bloomberg Crypto Outlook,” McGlone wrote that he believes the price of bitcoin […]

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