JP Morgan successfully tested a blockchain transfer between satellites as a part of its Internet of Things (IoT) program for automated payments.

The bank’s research and development team is exploring the idea of outer space payments with the ongoing development of the Mars habitation program. 

Tyrone Lobban, head of JPMorgan’s blockchain launch team, told the media:

XRP is currently at risk of being deemed a security by the U.S. Securities and Exchange Commission. However, one of the most prominent technical analysts in the industry believes that it may provide an opportunity for speculators to profit. 

While over-leveraged traders are getting crushed by Bitcoin’s volatility, it seems that institutional investors are taking advantage of every downswing to add more BTC to their holdings. 

The U.S. Federal Reserve’s payments system has been restored to operation after a three-hour outage, according to status reports from the government body’s website.

Polychain Capital led a $5 million seed round for DFX, a DEX aimed at expanding DeFi to international markets.

Former staff from the Ethereum Foundation, Deloitte, and ConsenSys are building out the DFX decentralized exchange for stablecoins.

Aavegotchi will release 10,000 NFTs as part of its Mar. 2 launch.

Aavegotchi is launching on March 2, the team has confirmed in a blog post. 

Popular web browser Opera has partnered with fiat-to-crypto onramp solution provider Simplex.

Opera Users Can Buy Crypto Within Browser

With the partnership, Opera users will be able to buy cryptocurrencies using fiat options and store them in the browser’s wallet.

One of Europe’s largest crypto investment firms, CoinShares, is launching a physically-backed exchange-traded product (ETP) focused on Ethereum.

CoinShares’ latest ETP is listing on the SIX Swiss Exchange under the ticker ETHE and already has around $75 million in assets under management (AUM).

Passing eight figures: Crypto.com has now welcomed 10 million users. 

Crypto.com has hit 10 million users, the company announced today.

The company confirmed that its user base had doubled from 5 million to 10 million in only four months in a blog post. The post also revealed that revenue had increased 10x in 2020 alone. 

Square Inc. published its annual earnings report yesterday and revealed a $170 million Bitcoin purchase at an average price of $51,235.

Fee earnings from the purchase and sale of Bitcoin on Cash App continue to be the primary income source for Square Inc. Cash App’s monthly active users reached 36 million, a 50% increase year-to-year.