XRP Price Action XRP Price approaches crucial levels as it reaches a higher low of $1.10 was promptly tested, driving XRP higher. As a result, XRP/USD is predicted to continue upward during the next 24 hours, with a target of $1.20. Positive momentum is resuming, which will most likely lead to the $1.20 resistance later...Read More
Several months after initially outlining plans to become a publicly-traded firm, Bakkt has announced that the event will take place on Monday – October 18th. Thus, Bakkt will join the likes of Coinbase as a cryptocurrency-related company having its shares traded on giant stock exchanges. CryptoPotato reported at the start of this year Bakkt’s intentions...Read More
Highlights Approval of futures ETFs is expected to be a game-changer for the space. ALT coins to see growing acceptance and adoption in the industry. The month has been exciting for the crypto space and possibly holds bundles of joy for traders in the space. The approval of Proshare’s Bitcoin Futures ETF by the U.S...Read More
North Vancouver, part of the Canadian district of British Columbia, is on a path to become the first city that employs bitcoin mining for heating residential and commercial buildings. The initiative should be available from 2022 after a partnership between the cryptocurrency miner – MintGreen – and the Lonsdale Energy Corporation (LEC). BTC Mining as...Read More
It appears that years after the first Bitcoin ETF proposal was filed, the United States Securities and Exchange Commission (SEC) has decided to greenlight a futures-backed exchange-traded fund for the first time. ProShares, the company which filed for its Bitcoin Strategy ETF, might be the very first one to see it launch next week. It...Read More
As the global interest in cryptocurrencies continues to gain momentum, Queensland Investment Corporation (QIC), Australia’s fifth-largest pension funds manager with A$92.4 billion ($69bn) of assets under management (AUM), has disclosed that it may delve into such investments in the future. Stuart Simmons, QIC’s head of currencies, told the Financial Times in an interview today. Regulatory...Read More
On Friday, Bitcoin went beyond the $60,000 barrier for the first time since April, as investors were buoyed by signals that a futures ETF will be approved soon. It implies the digital currency isn’t far off from it’s all-time high of $64,863 set in April of this year. According to Bloomberg, market sentiment is improving...Read More
The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to...Read More
For the first time since April, Bitcoin’s price is back at $60,000. It’s a major psychological level, even though, from a technical standpoint, it doesn’t contain that much resistance. In any case, this followed a considerable weekly increase and rumors of the approval of a futures-backed Bitcoin ETF in the US. Let’s take a dive....Read More
Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot. In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November. “A separate announcement will be posted...Read More
. Over the last 24 hours, the entire market has had mixed results. Cardano’s price has been extremely stable over the last four daily sessions. The price of ADA has been rapidly growing this year, with an increase of 1426 percent. Its current price per ADA coin is $2.20,, and its total market value is...Read More
Coinbase, the leading exchange in America, wants to take the relationship with the U.S. government to the next level, issuing a fairly comprehensive proposal on how it believes the cryptocurrency markets and industry should be regulated in the country. In a presentation titled “Digital Asset Policy Proposal,” the company explains that the ecosystem has grown...Read More
Binance – the world’s largest cryptocurrency exchange – recently hired Mark McGinness as its Chief Regulatory Liason Officer. McGinness is a former Head of International Relations at the Dubai Financial Services Authority (DFSA). How McGinness Helps Binance According to a press release shared with CryptoPotato, the hire is part of Binance’s effort to better cooperate...Read More
The blockchain-based digital payment company – Ripple – joined the Digital Pound Foundation to assist with the creation of a central bank digital currency. Incorporating with The Digital Pound Foundation According to a recent announcement, the enterprise blockchain provider will continue its involvement in CBDC projects by joining the Digital Pound Foundation. Launched on October...Read More
The ongoing Q4 has brought significant profits to the crypto market. The overall market cap of the crypto space now stands at $2.405 trillion with 13% gains. However, with rising Bitcoin’s dominance beyond 45%, most other altcoins experienced a slight pullback. On the other hand, despite the SEC’s investigation underway, XRP price has risen by...Read More
Leading cryptocurrency exchange Binance has become the official jersey partner of the popular Italian professional soccer club S.S. Lazio. Announcing the deal in a blog post on Wednesday, Binance revealed that it had entered into a multi-year agreement with the team. Binance Launches Fan Token Platform The cryptocurrency exchange revealed the launch of its Fan...Read More
Global financial services company Visa is collaborating with NFT artist Micah Johnson to establish a program that would enable creators to understand the non-fungible token industry better and utilize various public blockchain networks to develop and sell their digital works. Visa to Teach Creators about NFTs Visa announced the news via a press release on...Read More
Ark Invest, the asset management firm founded by cryptocurrency enthusiast Cathie Wood,wants to accelerate is crypto strategy and has now officially lent its name to an ETF tracking bitcoin futures. A bitcoin future is not actually the same as a bitcoin token. Whoever holds futures contracts does not actually hold the cryptocurrency but rather rights...Read More
Purpose Investments – an asset management company with $12B+ in AUM – recently announced that mutual fund units would be available for its cryptocurrency exchange-traded funds (ETFs). These include its Purpose Bitcoin ETF and Purpose Ether ETF, each directly backed by BTC and ETH respectively. Purpose Investments Mutual Fund Units As indicated in a press...Read More
Polkadot was first introduced in a Whitepaper almost five years ago. Now, the heterogeneous multichain network announces a massive milestone – its parachains are officially ready to launch on the mainnet. Polkadot Parachains Greenlighted Polkadot’s parachains are one of, if not the most integral component of its network. They represent diverse and specialized blockchains that...Read More
Coinbase has been one of the prominent destinations for cryptocurrency exchange. And holds a major chunk of crypto investments. Coinbase has announced plans to launch a massive NFT marketplace. Users can now signup to a waitlist for early access. Reports suggest, the NFT marketplace to have boomed, with the sales volume topping $10 billion this...Read More
SEBA Bank, a fully regulated Switzerland-based financial institution that offers several crypto services to its clients, announced that customers will now be able to earn yield on their digital asset holdings. SEBA Launches Yield Earning According to an official press release, SEBA Bank has launched a new institutional-grade solution dubbed SEBA Earn, which will allow...Read More
Bitcoin’s brother Litecoin turned 10 years old on October 13th, 2021. Prior to the decadal celebration, altcoin outpaced Ethereum in terms of address activity for just the third time this year. With no NFTs and no DeFi built on Litecoin’s on-chain report threatens Ethereum in many ways. Let’s dive and discover in detail! Litecoin Dominates...Read More
The leading American cryptocurrency platform – Coinbase – said it will launch a peer-to-peer non-fungible token marketplace called Coinbase NFT. Users can join a waitlist for early access and regular updates. Coinbase Expanding into The NFT Universe In a recent blog post, one of the largest digital asset exchanges revealed it will enable its customers...Read More
In an attempt to comply with local regulations, Binance has announced it will stop servicing OTC deals involving the yuan for Chinese users as of December 31st, 2021. Shortly after the statement, the price of BTC and most of the market dipped. In an October 13th post, Binance said it will cease servicing OTC trading...Read More
Elliptic – a London-based blockchain analytics firm – has secured $60 million in Series C funding led by Japanese investment manager SoftBank Group and American multinational Wells Fargo. The funds will be used to accelerate cryptocurrency adoption by global financial markets. Accelerating Cryptocurrency Adoption by Large Institutions Elliptic announced the disclosure of a $60 million...Read More
Celsius Network– a leading cryptocurrency lending platform – recently received a $400M investment from equity firm WestCap and investment group Caisse de dépôt et placement du Québec (CDPQ). With this, Celsius is now valued at over $3 billion USD. New Funds For Celsius As stated in a press release, the company’s new proceeds will go...Read More
Decentralized blockchain interoperability solution, Wanchain, has recently announced the integration of its non-custodial cross-chain infrastructure with the sharded heterogeneous multi-chain blockchain network, Polkadot. Wanchain Connects Polkadot to Other Networks According to a press release shared with CryptoPotato, Wanchain has deployed several direct bridges connecting Polkadot to other blockchain protocols, including Ethereum, Moonriver, Wanchain, and Avalanche....Read More
The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem. Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain. According to the official release, the program...Read More
Although the regulatory approval is still pending, the popular blockchain project Elrond Network has already agreed to purchase Capital Financial Services S.A – the company licensed to operate an Electronic Money Institution (EMI) in the Euro Economic Area. The press release shared with CryptoPotato explained that Capital Financial Services S.A. is a principal member of...Read More
