Bitcoin price started the day in the green, rising 2.87 percent to $48,355 at the time of writing. BTC is likely to consolidate, providing Altcoins with the ideal opportunity to rise. The worldwide crypto market capitalization is now $2.18 trillion, up to three percent from the previous day. Analyst Justin Bennett Hints Altcoin Corrections !...Read More
In an announcement on Sept. 15, AMC Chief Executive Adam Aron said the firm would be expanding the number of cryptocurrencies it would accept as payment methods. The entertainment giant originally announced that it would accept Bitcoin payments on Aug. 9. Aron stated that by the time BTC payments are rolled out before the end...Read More
Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone. Jump Capital’s Seventh Fundraise The American venture capital firm – Jump Capital – closed its largest fundraising round...Read More
The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational...Read More
If the primary cryptocurrency’s mainstream adoption continues and the asset succeeds, regulators and governments will kill its progress, said Ray Dalio. At the same time, he believes most bigger countries, like China and India, have already started trying to do so. Speaking to CNBC on September 15th, the founder of Bridgewater admitted once again that...Read More
Cathie Wood has predicted that Bitcoin prices will rise tenfold to reach $500,000 in 5 years. The bold forecast came while the Ark Invest chief executive was speaking with CNBC anchor Andrew Ross Sorkin at the SALT fintech conference in New York on Sept. 13. She added that this prediction is dependent on companies and...Read More
Grayscale – the world’s largest digital asset fund based in the United States – has recently partnered with fintech investment platform iCapital to provide cryptocurrency investment strategy to the latter’s 6,700+ clients. Crypto Exposure for Wealthy Clients As reported by Globe News Wire, the partnership will be pairing iCapital’s technology and investment capabilities with Grayscale’s...Read More
Solana mainnet has stopped processing transactions. The popular blockchain halted over 7 hours ago. Meanwhile, Ethereum layer 2 solution Arbitrum has experienced an outage. Potential Restart Incoming As tweeted by Solana Status, the Solana mainnet began experiencing “intermittent instability” several hours ago, and developers are still getting to the bottom of it. The account followed...Read More
The Cloud arm of the world’s largest search engine has partnered with Dapper Labs – a blockchain-based company that developed the NBA Top Shot marketplace. Google Could will provide the necessary support to help scale Dapper’s Flow blockchain. As reported by Forbes on September 14th, Google has decided to make its first steps in the...Read More
Investors’ appetite for trading non-fungible tokens (NFTs) seems to have significantly decreased after the all-time highs recorded in August. In fact, during the last three days, Ethereum-based NFT trading volumes have not surpassed $100 million, while at the end of August, they exceeded $500 million for a single day. NFT Trading Volumes Heading South According...Read More
Another Chinese province has decided to follow the example and halt cryptocurrency mining and trading. While this continues to be the ongoing trend coming from China this year, the price of bitcoin has not dumped this time, as it did during the previous set of adverse developments. One More Chinese Province Goes After Crypto The...Read More
Ark Investment Management – the investment firm owned by notorious Bitcoin-bull Cathie Wood – is now allowing one of its funds to invest in Canada’s Bitcoin ETFs, creating more opportunity for BTC exposure. Ark Invest and Bitcoin The news was revealed in a Friday filing for the ARK Next Generation Internet ETF (aka ARKW) worth...Read More
El Salvador’s President Nayib Bukele is looking to attract foreign capital to boost the Bitcoin industry in his country, especially after the controversial path he has gone through to get the cryptocurrency adopted as legal tender. A supposedly recent executive decision could be very favorable for bitcoiners in El Salvador… as long as they’re foreigners....Read More
The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future. MoneyLion Joins The Crypto Trend According to...Read More
Tesla’s CEO – Elon Musk – bought a new dog and gave him a name (Floki) – so far, nothing out of the extraordinary. But the puppy’s name has caused fluctuations in the cryptocurrency space, with recently emerging coins called Floki skyrocketing in value. The Hype Around Meme Coins and Musk’s Role It’s safe to...Read More
The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution...Read More
Coinbase announced today its intentions to hold a private offering of $1.5 billion of senior notes. The company plans to allocate the funds to product development, acquisitions, and new personnel. According to a press release dated September 13th, the largest US-based exchange will offer $1.5 billion aggregate principal amount of its senior notes due 2028...Read More
Business intelligence company MicroStrategy, spearheaded by Michael Saylor, has purchased over 5,000 bitcoin worth $242.9 million. Thus, the firm’s total BTC holdings have increased to over 114,042. MicroStrategy founder and CEO Michael Saylor announced the latest bitcoin purchase via Twitter on Monday, September 13th. According to the executive, the business intelligence firm purchased 5,050 BTC, at...Read More
The Indian government continues with its indecisive approach towards the crypto industry. A recent report claimed that the authorities plan to implement new taxation on gains from digital asset operations instead of the recently-discussed ban. Citing sources familiar with the matter, the Economic Times reported that India is contemplating taking a different approach to the...Read More
William Quigley, who co-founded stablecoin Tether (USDT), thinks non-fungible tokens (NFTs) accessible in metaverses will hit annual sales above $10 trillion. He shared his thoughts about NFTs and metaverse with Bloomberg in an interview over the week. When asked about the lush, blossoming NFT fields of 2021, Quigley said his sights are set on the...Read More
The wait is finally over. After years of researching and producing a multitude of peer-reviewed papers on the network’s structure, potential, ideas, goals, and whatnot, Cardano now has smart contracts capabilities to further bolster its ecosystem. Alonzo Mainnet Now Live As of now, Cardano saw an important hard fork go through, and Alonzo is now...Read More
A recent poll from Sherlock Communications has found that nearly half of Brazilians agree that Bitcoin should be adopted as the currency of the country, following in the footsteps of El Salvador. Brazilians Bullish for Bitcoin As reported by Valor Investe, the study shows 48% of Brazilians in support of Bitcoin as national currency (17%...Read More
Solana’s network saw explosive growth this year, but it appears that it’s not just NFTs that are driving it higher. The total amount of USDC that circulates on Solana is now up to $2.5 billion. Data from the Solana explorer reveals that the current supply of USDC on the network is just shy of $2.5...Read More
In an effort to promote long-term cryptocurrency holdings, popular digital asset investment app Robinhood said it has launched a Dollar-Cost Average (DCA) feature for investors. Promoting Long-term Crypto Investments The service, termed Crypto Recurring Investments, will enable Robinhood users to automatically schedule purchases of their favorite cryptocurrencies in bits and at regular intervals. Announcing the...Read More
The United States Securities and Exchange Commission (SEC) continues with its efforts to clamp down on illegal initial coin offerings. This trend started a couple of years back when ICOs were at their prime but has steadily escalated in 2020 and 2021. SEC Charges Rivetz Corp CEO for $18 Million According to an official litigation...Read More
WSBDApp, the blockchain-based trading platform related to the WallStreetBets movement, has partnered with Balancer to launch exchange-traded portfolios (ETPs) on the latter’s V2 platform. These products will aim to enhance decentralization for retail investors seeking alternative investment opportunities. WSBDApp Partners With Balancer The statement shared with CryptoPotato reads that Balancer – the automated portfolio manager...Read More
Almost all of the Bored Yacht Ape NFT collection – a popular collection of cartoon drawings featuring over 107 monkeys – has now sold for more than 24 million dollars. The 24 Million Dollar Monkey-Deal According to a recent tweet from Sotheby’s, the art merchant hosting the meme-inspiring NFT collection, 101 of 107 Bored Yacht...Read More
Switzerland’s stock exchange, SIX, said today it had obtained two licenses from the nation’s markets regulator to launch a stock exchange and depository for blockchain-based securities. Based in Zurich, Switzerland, the SIX Swiss Exchange is the country’s principal stock exchange that also trades particular securities like government bonds and derivatives such as stock options. According...Read More
Leading cryptocurrency exchange BinanceUS has recently appointed one of Uber’s former top players – Brian Shroder– as president of the company and as a board member. This comes following numerous hints from Changpeng Zhao that the US branch of the leading crypto exchange could become the latest publicly traded company from the digital asset space....Read More
It goes without saying that this has been one of the most important and also exciting weeks for Bitcoin, in general. The reason for which it was important is that El Salvador officially became the very first country in the world to formally recognize Bitcoin as a legal tender. In other words, no one is...Read More
