On a Monday when SEC chairman Jay Clayton’s imminent departure is bringing hope to the Bitcoin ETF masses, the main cryptocurrency is still bouncing up against the $10,000 barrier as the predicted bull run of the third Bitcoin halving hasn’t come yet. Bloomberg cites research suggesting BTC’s strength is declining. That said, Reports that PayPal and Venmo will soon add in-app bitcoin trading was enough to spark a mini rally. And now for something completely different: John McAfee is bringing his own brand of crypto crazy to distributed exchanges with the launch of his Ghost DEX. That’s a predecessor to his forthcoming Ghost privacy coin.
Some four-fifths of institutional investors polled recently by Fidelity Digital Assets said they found the asset class appealing, and more than 60% of them have made a direct purchase. But roadblocks remain.
After six months of fighting to get YouTube to shut down giveaway scams using Ripple’s name to steal hundreds of thousands of dollars in XRP, the international payments firm and CEO Brad Garlinghouse and Ripple sued the social media giant today.
It was an early investor in the likes of Facebook and Twitter—now, Andreessen Horowitz is planning to deepen its involvement in crypto. The venture capital firm, also known as a16z, is reportedly aiming to raise $450 million for a second cryptocurrency investment fund.