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Source : Bit Coin News
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Portfolio Strategist Expects Cardano to Become Mainstream Cryptocurrency Alongside Bitcoin and Ether

Portfolio Strategist Expects Cardano to Go Mainstream Alongside Bitcoin and EtherA portfolio strategist for American financial services firm Morningstar says that cardano could become a mainstream cryptocurrency alongside bitcoin and ether, forming a “big three” of mainstream cryptocurrencies. Strategist Believes Cardano, Ether, Bitcoin Could Become Mainstream Cryptocurrencies Amy Arnott, a cryptocurrency-focused portfolio strategist at Morningstar, shared her views on crypto regulation, ether, and cardano in […]
Source : Bit Coin News
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Jack Dorsey Calls Bitcoin a ‘Big Part’ of Twitter’s Future as a Global Currency

Jack Dorsey Calls Bitcoin a 'Big Part' of Twitter's Future as a Global CurrencyTwitter CEO Jack Dorsey says that bitcoin will be a big part of the company’s future. “If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet,” he […]
Source : Bit Coin News
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US Senator Launches Investigation Into ‘How Cryptocurrencies Facilitate Cybercrimes’

US Senator Launches Investigation Into 'How Cryptocurrencies Facilitate Cybercrimes'A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation Into Crypto’s Use in Cybercrimes U.S. Senator Gary Peters announced last week a bipartisan “investigation into […]
Source : Bit Coin News
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Number of Cryptocurrency ATM Locations Soars Past 24K Worldwide

Number of Cryptocurrency ATM Locations Soars Past 24K WorldwideThe number of cryptocurrency ATMs has surpassed 24,000 globally. Out of 75 countries with crypto ATMs, the U.S. tops the list with the most locations. 24K+ Cryptocurrency ATMs Worldwide The number of cryptocurrency ATMs has exceeded 24,000 globally, according to the crypto ATM tracking website Coinatmradar. At the time of writing, the total number of […]
Source : Bit Coin News
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Crypto Companies Establish Presence, Hire Talent in Ireland

Crypto Companies Establish Presence, Hire Talent in IrelandWith a friendly attitude towards financial innovation, the Republic of Ireland has become a desired destination for fintech businesses that need unimpeded access to the common European market. Cryptocurrency companies have been opening offices in the EU member state with some well-known players now looking to hire local talent. Major Crypto Companies Set Up European […]
Source : Bit Coin News
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Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets

Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital AssetsThe Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws. Although Gawaxab did acknowledge that cryptocurrencies […]
Source : Bit Coin News
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Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing

Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq ListingA class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false and misleading,” the lawsuit alleges. Class Action Lawsuit Against Coinbase Scott+Scott Attorneys at Law LLP announced Friday […]
Source : Bit Coin News
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81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched

81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully LaunchedEighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new […]
Source : Bit Coin News
Added today

This Year’s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin

This Year's Gallup Poll Findings Suggest 6% of US Investors Own BitcoinYoung U.S. investors are more interested in bitcoin investments than they were three years ago, according to a poll stemming from the Gallup Investor Optimism Index. This year’s poll surveyed 1,037 participants and findings suggest 6% of American investors own bitcoin. American Bitcoin Investors Increase by 4% in 3 Years The American survey and analytics […]
Source : Bit Coin News
Added today

A Deeper Look Into The Pirate Bay’s Mysterious ‘Piratetoken’ Soft Launch

A Deeper Look Into The Pirate Bay's Mysterious 'Piratetoken' Soft LaunchIn mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the new piratetoken is a soft launch for a myriad […]
Source : News Btc
1 days ago

Three US States Going After BlockFi In Regulatory Crackdown

New Jersey, Texas, and Alabama have individual state regulators issuing concerns that New Jersey-based DeFi firm, BlockFi, is offering unregistered securities. Regulators seem to particularly point to BlockFi’s Interest Account (BIA), which offers rates that consumers are now becoming accustomed to in DeFi – but that have blown traditional banking rates out of the water. The ‘Unusual Three’ Crypto in it’s relatively early emergence in discussions around regulation and broader adoption, has largely been considered a somewhat bipartisan topic. Which makes the three states going after BlockFi a particularly unusual trio. New Jersey, the company’s home state and traditionally a very Democratic-run state at that, is arguably the most aggressive of the three states making claims against the firm. New Jersey has ordered BlockFi to stop offering it’s BIA product to state residents by July 29 according to a recent cease and desist from the state’s Bureau of Securities. Texas, a traditionally Republican-led state, has also issued a cease and desist with a hearing date currently set for October. The document also cites BIAs as a concern, stating that BlockFi “is, in part, illegally funding its lending operations and proprietary trading through the sale of unregistered securities in the form of cryptocurrency interest-earning accounts.” Finally, we have another typically Republican-led state in Alabama issuing a ‘Show Cause Order‘ to BlockFi this past week. The company now has less than 30 days to show the state securities commission why they should not be issued a cease and desist for selling unregistered securities. The show cause document suggests that BIAs should be registered with applicable securities regulators. It’s becoming pretty clear, at least in the case of BlockFi recently, that regulatory hurdles do not live on any particular side of the political aisle. Bitcoin's can be deposited into BlockFi's BIA product to yield substantial interest-bearing returns. | Source: BTC-USD on TradingView.com Related Reading | Uniswap Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector Is DeFi In Trouble? BlockFi issued a recent responding statement in a tweet that stated that the firm wholeheartedly believed that it’s BIAs were “lawful and appropriate for crypto market participants”, adding that the company welcomes “discussions with regulators and believe(s) that appropriate regulation of this industry is key to its future success.” It’s difficult to say the impacts in such an early stage of aggressive regulatory attacks on DeFi, particularly given that of the major players in the yield-generating space, only BlockFi is being highlighted here. Will other states join these three, and will major BlockFi competitors start facing challenges as well? Or are these state regulators simply cracking a proverbial whip – or are there enough substantial differences in how BlockFi competitors, such as Nexo or Celsius, are funding their interest-bearing accounts that leave them absorbing less regulatory risk? Either way, it is becoming abundantly clear that crypto’s relatively quick mainstream success, paired with slow-moving federal decision making, will leave emerging firms – but hopefully not forward-thinking consumers – with some inherent challenges. Related Reading | Tether To Conduct An Audit To Negate Claims Concerning Transparency Featured image from Pixabay, Charts from TradingView.com
Source : News Btc
1 days ago

Tether To Conduct An Audit To Negate Claims Concerning Transparency

The Tether general counsel has declared an official audit in few months. USDT is a popular stablecoin occupying the third position in global digital assets. As it’s on blockchain that cybersecurity experts deem unhackable, the majority today trusts its security. Related Reading | Cardano Aims To Facilitate Users With Smart Contracts However, many people in the crypto community have been waiting for a financial audit of the stablecoin. Now, it seems that the ongoing regulatory issues in the crypto industry have galvanized the Tether team into action. As a result, they’re declaring that an audit will take place soon. Tether Executives Grants Media Interview Another rare incident is an interview in which the Tether CTO Paolo Arduino and Stu Hoegner, the general counsel, participated on CNBC. During the interview, the hosts asked the duo some questions about USDT’s transparency and backing. In response, the general counsel stated that the team is working to be the first in their sector to get financial audits. The crypto market has just turned bullish as the USDT trades in the green zone | Source: USDTUSD on TradingView.com He also mentioned that the audits would come in months and not years. As for backing, he stated that the stablecoin is backed with reserves. But Hoegner mentioned that some of the reserves are not US dollars. But the reserves are more US dollars plus other cash equivalents, secured loans, crypto assets, bonds, and others. Related Reading | Anthony Di Lorio To Leave Cryptocurrency Space For Philanthropic Initiatives However, in the Transparency report which Tether published, the market cap for USDT stands at $62 billion. Even though the number has increased by 195% since 2021 started, it is still behind competitors such as BUSD and USDC. When Circle released a reserve report yesterday, July 21, it showed that 61% of the USDC reserves are cash & cash equivalent. The remaining 39% are in treasuries, bonds, and commercial paper accounts. Taxes Decides To Attack Paxos is a rival to Tether and recently attacked the stablecoin and Circle through its blog post on July 21, 2021. In the post, Paxos claims that the duo is not operating under financial regulators. In his words, both USDC and Tether are simply Stablecoins in name only. Paxos disclosed that its stablecoin reserves are a combination of cash or cash equivalents to support its claims. Related Reading | Ether EFT Gets Approval From Brazilian Securities Regulator But in May, Tether disclosed the total backing that USDT has, which were cash 3.87%, fiduciary deposits 24.20%, treasury bills 2.94%, cash equivalents, commercial papers, which make up 65.39% plus others. This action was because the US lawmakers are closely scrutinizing its operations. Also, Tether started submitting reports about its reserves after it reached a settlement agreement with the NY Attorney General’s Office 5 months ago. The firm has continued to send these reports since then. Featured image from Pexels, chart from TradingView.com
Source : News Btc
1 days ago

Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

Software development studio Uniswap Labs (UL) announced the restriction of certain tokens via the app.uniswap.org domain. The company claims to be taking part in “creating a better” financial system and has taken the decision after reviewing the regulatory landscape and the actions of other “DeFi interfaces”. The token removed from the domain represented a “very small portion of overall” trading volume on the platform, UL claims. Amongst the restricted tokens is Gold Tether (XAUt), Grump Cat (GRUMPY), iAAVE, iADA, iBNB, sAPPL, sCOIN, and many more related to options, tokenized stocks, and securities from traditional companies. The software studio clarified that the Uniswap Protocol is a separate entity from the interface accessible via the app.uniswap.org domain. (…) It provides unrestricted access to anyone with an Internet connection. Similarly, this action has no impact on the Uniswap Interface code, which remains open source, or the many other portals or locally run instances used to access the Uniswap Protocol. The same clarification was made by Hayden Adams, inventor of the protocol, via his Twitter account. After receiving a lot of criticism for their decision, Adams reminded his followers about the difference between Uniswap Interface, the open-source GPL code, app.uniswap.org, the domain, and Uniswap the protocol. Later, he added that true decentralization “doesn’t mean UL lets you do whatever you want on its website”, but that users can access the protocol via other interfaces. He added: (In my opinion) the Uniswap Protocol remains the most decentralized of the top defi protocols by a wide margin. Why: Non-upgradable and permissionless smart contracts, w/ no admin keys or ability for UNI holders to steal underlying liquidity. Is Uniswap Labs Trying To Prevent A Government Crackdown? Of course, Adam’s statements caused different reactions across the crypto community. Stanislav Kulechov, a founder of decentralized protocol Aave, said that “DeFi front-ends should” be hosted on the InterPlanetary File System (IPFS). In that way, the protocols can be “less dependent on the founding team” and maintain their decentralization. Kulechov also proposed a Bring-Your-Own-Front-End (BYOF) solution that would allow users to download the software into a device to access the protocol. Gabriel Shapiro, General Counselor at Delphi Labs, pointed out the possibility that anyone who forks the Uniswap front-end could receive a lawsuit from the software development studio UL. Shapiro said that the company “like DMCA (Digital Millennium Copyright Act) takedown requests”. In a different post, Shapiro addressed the rumors suggesting that UL and other DeFi projects received subpoenas from the Securities and Exchange Commission (SEC). A few days ago, Senator Elizabeth Warren send a letter to the SEC Chair, Gary Gensler. Warren requested clarity on regulations regarding cryptocurrencies, stablecoins, and DeFi with a deadline set for July 28th, 2021, for Gensler to replied. Many argued that UL decision could be related to that event and to the aforementioned subpoenas. Shapiro doesn’t completely rule out this possibility but claims that they only rumor to be taken with a grain of salt. At the time of writing, UNI and other major DeFi tokens haven’t reacted to these events. Uniswap’s governance token trades at $18,17 with a 4.1% in the daily chart.
Source : News Btc
1 days ago

BSC Flash Loan Attack: The Three Copycats

A series of attacks compromised several Binance Smart Chain (BSC) projects in May. Following PancakeBunny, its three forks projects — AutoShark, Merlin Labs, and PancakeHunny — were also attacked using similar techniques. PancakeBunny suffered the most costly attack of the four, which saw nearly $45M in total damages. In this article, Dr. Chiachih Wu, Head of the Amber Group Blockchain Security Team, elaborates on the details behind the attacks on the three copycats. Copycats AutoShark was attacked five days after PancakeBunny, followed by Merlin Labs and PancakeHunny, respectively. The following is an analysis of the problems and possible attack techniques for these three forked projects. In the SharkMinter.mintFor() function, the amount of rewarding SHARK tokens to be minted (i.e., mintShark) is derived from sharkBNBAmount computed by tokenToSharkBNB() in line 1494. However, tokenToSharkBNB() references the current balance of flip, which makes it a vulnerable point. One could assume that the amount of tokens received in line 1492 is equal to the amount of the flip balance. Still, a bad actor could manipulate the flip balance simply by sending in some flip tokens right before the getReward() call and indirectly breaking the logic of tokenToSharkBNB(). In the underlying implementation of tokenToSharkBNB() , there’s another attack surface. As shown in the above code snippet, _flipToSharkBNBFlip() removes liquidity from ApeSwap (line 1243) or PantherSwap (line 1262) and converts the LP tokens into SHARK+WBNB. Later on, the generateFlipToken() is invoked to convert SHARK+WBNB into SHARK-BNB LP tokens. Inside generateFlipToken() , the current SHARK and WBNB balances of SharkMinter (amountADesired, amountBDesired) are used to generated LP tokens and the amount of LP tokens are returned to mintFor() as sharkBNBAmount. Based on that, the bad actor could transfer SHARK+WBNB into SharkMinter to manipulate the amount of SHARK tokens to be minted as well. The loophole in PancakeHunny is identical to that found in AutoShark, in that the bad actor can manipulate HUNNY reward minting with HUNNY and WBNB tokens. Compared to AutoShark and PancakeHunny, Merlin Labs’ _getReward() has a more obvious vulnerability. The code snippet above shows that the performanceFee could be manipulated by the balance of CAKE, which indirectly affects the MERL rewards minting. However, the nonContract modifier gets rid of flash loans. Even without an exploit contract, the bad actor could still profit through multiple calls. Reproducing AutoShark Attack To reproduce the AutoShark hack, we need to first get some SHARK-BNB-LP tokens from PantherSwap. Specifically, we swap 0.5 WBNB into SHARK (line 58) and transfer the rest WBNB with those SHARK tokens into PantherSwap for minting SHARK-BNB-LP tokens (line 64). Later on, we deposit those LP tokens into AutoShark’s StrategyCompoundFLIP contract (line 69) to qualify for rewards. Note that we purposely only deposit half of the LP tokens in line 69. The second step is to make getReward() go into the SharkMinter contract. In the above code snippet, we know that the reward can be retrieved by the earned() function (line 1658). Besides, 30% of the reward (i.e., performanceFee) should be greater than 1,000 (i.e., DUST) to trigger the SharkMinter.mintFor() in line 1668. Therefore, in our exploit code, we transfer some LP tokens to the StrategyCompoundFLIP contract in line 76 to bypass the performanceFee > DUST check and trigger the mintFor() call. Since we need a lot of WBNB+SHARK to manipulate SharkMinter, we leverage PantherSwap’s 100k WBNB via a flash-swap call in line 81. In the flash-swap callback, pancakeCall(), we exchange half of the WBNB into SHARK and send the SHARK with the remaining 50,000 WBNB to the SharkMinter contract to manipulate the reward minting. The next step is to trigger getReward() when the SharkMinter receives the WBNB+SHARK tokens to mint a large amount of SHARK to the caller. The last step is to convert SHARK to WBNB, pay the flash loan, and walk away with the remaining WBNB tokens. In our experiment, the bad actor starts with 1 WBNB. With the help of flash loans, he profits from more than 1,000 WBNB being returned in one transaction. Reproducing PancakeHunny Attack The theory behind the PancakeHunny attack is similar to the AutoShark attack. In brief, we need to send a lot of HUNNY+WBNB to HunnyMinter before triggering getReward(). However, the HUNNY token contract has a protection mechanism called antiWhale to prevent large amount transfers. Therefore, flash loans do not work here. To bypass antiWhale, we create multiple child contracts and initiate multiple CakeFlipVault.deposit() calls via said contracts. In the above exploit code snippet, the LP tokens gathered in line 116 are divided into 10 parts and transferred to 10 Lib contracts in line 122 followed by Lib.prepare() calls for each of them. Inside Lib.prepare(), we approve() the CakeFlipVault to spend the LP tokens and invoke CakeFlipVault.deposit() to enable the later getReward() calls for minting rewarding HUNNY tokens. After preparing 10 Lib contracts, the main contract iterates each of them to: 1) swap WBNB to the maximum allowable amount of HUNNY; 2) transfer WBNB+HUNNY to HunnyMinter; 3) trigger getReward() via lib.trigger(); and 4) swap HUNNY back to WBNB. In the end, the bad actor with 10 WBNB earns around 200 WBNB from 10 runs of 10 Lib contracts operations. Reproducing Merlin Labs Attack As mentioned earlier, Merlin Labs has the noContract modifier to get rid of flash loan attacks. However, we could use a script to trigger the attack with multiple transactions initiated from an EOA (Externally Owned Account) address. The only difference is that someone may front-run the bad actor’s transaction to steal the profits. Similar to the AutoShark attack, we need to prepare enough LINK and WBNB (line 23), use them to mint WBNB-LINK-LP tokens (line 34), and deposit LP tokens into VaultFlipCake contract (line 38). The remaining actions are: Swapping WBNB to CAKE (line 42). Manipulating MERL minting by sending CAKE to VaultFlipToCake contract (line 50). Triggering getReward() in line 55 (a large amount of MERL tokens are minted). Swapping MERL back to WBNB and repeating the above steps multiple times. As mentioned earlier, if someone front runs step 3 right after step 2, that person could remove a large amount of MERL. In our experiment, the bad actor starts with 10 WBNB and walks away with around 165 WBNB by repeating the four steps 10 times. About Amber Group Amber Group is a leading global crypto finance service provider operating around the world and around the clock with a presence in Hong Kong, Taipei, Seoul, and Vancouver. Founded in 2017, Amber Group services over 500 institutional clients and has cumulatively traded over $500 billion across 100+ electronic exchanges, with over $1.5 billion in assets under management. In 2021, Amber Group raised $100 million in Series B funding and became the latest FinTech unicorn valued at over $1 billion. For more information, please visit www.ambergroup.io.
Source : News Btc
1 days ago

Cardano Aims To Facilitate Users With Smart Contracts

According to the announcement from IOHK, “Project Alonzo testnet” has moved from Blue to White and is making it possible for Cardano to launch smart contracts. IOHK is the development team of the Cardano blockchain. The team made the announcement recently, revealing that the testnet has been successful in this first phase. Related Reading | Anthony Di Lorio To Leave Cryptocurrency Space For Philanthropic Initiatives In their announcement, the development team shared the success of the “Alonzo testnet” fork to a new version, “#AlonzoWhitenode.” The announcement also disclosed that the latest version has commenced making blocks immediately. HARD FORK SUCCESSFUL: Delighted to report around 19.44 UTC today we successfully forked the #Alonzo testnet to the new #AlonzoWhite node. The new network is happily making blocks already. 1/5 — Input Output (@InputOutputHK) July 14, 2021 This new fork is taking the network a step further to launching smart contracts, which will be beneficial for its users. Cardano Testnet Had Limitations The first Cardano testnet may have offered smart contracts, but there were some limitations. The smart contract features it had were only for some people who are core insiders of the blockchain. Related Reading | Ether EFT Gets Approval From Brazilian Securities Regulator Given the upgrade that the team has announced, the network can now accommodate up to 500 validators, developers, and stake pool operators who will test the features. According to the announcement, the new Fork “Alonzo white” will run for 2 to 4 weeks. Then, it will upgrade to the Alonzo Purple, which is the final testnet for this current phase of its development. Before, there has been some backlash against the network from the community. However, even with all those issues, the Cardano blockchain founder Charles Hoskinson assured the community that the project is moving as they planned it. He made this statement on Youtube, saying that the team is following the roadmap they set earlier for the project. Hoskinson also noted that Cardano had facilitated the sale of over $10 million worth of NFTs on its network. Also, apart from the NFTs, the founder mentioned that the network had facilitated assets sales worth tens of thousands. The ADA market is flourishing after a hectic week of trading in the red zone | Source: ADAUSD on TradingView.com He continued to assure the community that the release of Alonzo White to the Cardano mainnet will enable developers to launch NFTs, dApps, and other projects. More Developments in DeFi After the announcement of the Alonzo white fork, a DeFi and NFT marketplace, Spores Network disclosed that it had raised a whopping $2.3 million through its fundraising event yesterday, July 16, 2021. According to the company, it plans to utilize the best features of Cardano, such as low transaction costs, higher transaction throughput, and low carbon footprint, to make NFTs available for mainstream users. Related Reading | Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform In recent times, more and more artists and companies are joining the NFT market. Some notable ones include Dolce & Cabbana plus Sorare, a “fantasy soccer NFT platform.” In addition, Sorare recently closed a $532M in a funding round. All these interests and collaboration mean more gains to the Cardano network and the people who use it. Featured image from Pexels, chart from TradingView.com
Source : News Btc
2 days ago

Investing In Bitcoin Mining Businesses Is Also A Sign Of Institutional Acceptance

Last quarter, the New Jersey Pension Fund invested heavily in two Bitcoin mining giants. A small step for institutional investors, the move might represent something much bigger. There’s a hunger for Bitcoin exposure at the highest levels, but just owning the asset might be too risky or inconvenient for some of those big players. And, until the US government approves the long-awaited Bitcoin ETF, miners provide a much safer target.  Related Reading | Marathon Digital Holdings Reported A 17% Spike In Bitcoin Mining According to Coindesk: The state-managed pension ended June with $3.66 million in Riot Blockchain (NASDAQ: RIOT) and $3.39 million in Marathon Digital Holdings (NASDAQ: MARA), according to disclosure documents. New Jersey’s Common Pension Fund D has $30 billion in total assets for state employees. The New Jersey Pension Fund’s intent is clear, and they put their money where their mouth is. However, is there a reason that explains why they don’t want to hold the asset? A legal reason, perhaps? The polemic Michael Saylor explains their rationale in this tweet:  Many institutional investors find publicly traded Bitcoin miners to be attractive investments because they want BTC exposure but prefer to hold securities rather than property due to tax, accounting, & business considerations. So, there are several reasons besides Bitcoin’s volatility. Nevertheless, there’s a hunger. RIOT price chart on Nasdaq | Source: RIOT on TradingView.com Is Bitcoin Feasible As An Institutional Investment? Bitcoin is maturing and spreading. The title phrase is the same NewsBTC used three years ago in an article that came to the conclusion that the asset wasn’t ready. We said: In its current state, the market is highly speculative, with a majority of investors looking to make a quick buck. Institutional investors have seen that, and have mostly shied away from opening their wallets for the industry. These investors are looking for long-term returns, securing the trust of consumers over time rather than making a quick buck. The tables turned. The situation changed. At the present, we are in an era in which some of the more innovative institutions already invested and drove the price to insane all-time highs… only to take their earnings and let it drop again. In any case, Bitcoin is proving its worth as institutional investment. About this situation, NewsBTC said: These high wealth players with decades of market experience and all kinds of tactics on their side were paramount to driving prices up to $60,000 per coin. Unfortunately, the data above suggests they were also instrumental to the selloff that left retail traders with a bloody aftermath. Related Reading | Brazil approves Bitcoin ETF – SkyBridge files for its own What About a Bitcoin ETF? Is That In The Cards? The only factor left unexplored is the possibility of a Bitcoin ETF in the US. As you should know, every financial institution and their mothers applied, and some of them have already been rejected. NewsBTC quoted Hester Pierce, Securities and Exchange Commission (SEC) Commissioner, who said about the situation: (Institutions) want access to crypto through a regulated market. It makes sense for us to consider how to do that (…). We’ve dug ourselves into a little bit of a hole. A lot of people are looking for a way to access the asset class. We waited a long time to approve this kind of product. Sadly for us, we’re still waiting. Featured Image by MayoFi from Pixabay - Charts by TradingView
Source : News Btc
2 days ago

Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub

The Ethereum Improvement Proposal (EIP) 3675 has now launched on GitHub. EIP-3675 contains the ETH 2.0 proof of stake merge that is coming to the network. Although this does not mean that the move to proof of stake is happening anytime soon, it is bringing the Ethereum network one step closer to the move from proof of work to proof of stake. Consensus researcher Mikhail Kalinin creating a pull request for the EIP-3675 on GitHub formalized the chain merge as an improvement proposal for the first time ever. The pull request was made on Thursday 22nd July 2021. Related Reading | Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst Ethereum developers continue to work towards the merging of the Ethereum Mainnet with the already up and running Beacon Chain, which would mark the final step for the move to proof of stake. The EIP-3675 is meant to set the stage for “The Merge,” which is slated to be discussed at a core developers’ meeting that will be held on Friday, July 23rd. ETH 2.0 Delays Ethereum co-founder Vitalik Buterin had confirmed that the move to ETH 2.0 had been delayed. But according to the CEO, a couple of factors had contributed to the delay of the project. Firstly was that they had expected it to take a much shorter time than it would have. When the project was first proposed, the team had believed the move to proof of stake would only take a year. It turned out to be a project that would take at least six years to accomplish. ETH price shows downwards movement post-recovery | Source: ETHUSD on TradingView.com Another problem that the Ethereum upgrade had encountered had been team conflicts. It had been speculated that technical difficulties had been the reason for the continuous delays but in the end, Buterin confirmed that the problem was in fact not related to technical problems. One of the major causes for the delays had been with the people working on the project. Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH One of the biggest problems I’ve found with our project is not the technical problems,” said Buterin. “It’s problems related to people. We have a lot of internal team conflicts in these five years.” Continous disagreements and team conflicts seem to plague the project. The CEO is quoted saying, “if you are building a team, it is important to know who you are working with.” Ethereum Progression So Far Expectations for the network continue to remain high. Ethereum price itself has taken hits over the past months as the crypto market continues to be beaten down by bears. But despite the declining prices, holders continue to stake their coins ahead of the move to proof of stake. Over 6.3 million ETH have been staked on the Ethereum network, accounting for over 5% of the current circulating supply of ETH. Related Reading | As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary Investors had hoped shard chains would be rollout this year but this is unlikely as the possible date of launch for the shard chains has now been moved to 2020. Ethereum’s price continues to trade above $2,000 after the boost it received from Elon Musk. With a current market cap of $234.05B.
Source : News Btc
2 days ago

Solana to Launch Stake Pools, This Is How It Will Enable Rewards For SOL Holders

The Solana Foundation has announced Stake Pools to increase the network’s security, promote censorship resistance, and rewards SOL holders in the process. The announcement was made via their official Twitter handle. The Stake Pool program was enabled via an on-chain governance process, as the Solana Foundation said. Any SOL holder can participate in the process via SolFlare, a non-custodial wallet that allows users to connect with this network. SOL token holders can earn rewards and help secure the network by staking tokens to one or more validators. Rewards for staked tokens are based on the current inflation rate, total number of SOL staked on the network, and an individual validator’s uptime and commission (fee). The program was launched to increase the network ability to withstand disruption or attacks, the Solana Foundation said. This capacity is partially measured by looking at the “superminority”, the smallest number of validators capable of launching a successful attack. Thus, the Stake Pools operate as incentives for the users to place their SOL funds between independent validators, the announcement clarified. As the stake distribution increase, so does the network’s security. Solana is already one of the most censorship resistant networks (our superminority group is currently 16), but the Solana Foundation can do even more to increase stake distribution. How To Earn Rewards While Securing Solana When a user stakes their SOL token, these are distributed across “a larger number of validators”. Then, users earn tokens for delegators represented by the amount deposited, as stated above, plus rewards for staking. The rewards can be use in other decentralized finance (DeFi) apps, the Solana Foundation said. For example, in the automated market maker Raydium or the decentralized exchange (DEX) Serum. The stake pool system is comprised of 3 main actors: the manager, capable of earn and update the fess, the staker, capable of adding and removing validators to a pool and rebalancing stake, and the users, those that provide the SOL for an existing stake pool. The Solana Foundation said: (…) the stake pool only processes totally active stakes. Deposits must come from fully active stakes, and withdrawals return a fully active stake account. This means that stake pool managers, stakers, and users must be comfortable with creating and delegating stakes, which are more advanced operations than sending and receiving SPL tokens and SOL. Stake pool participates will be able to profit from additional incentives if they meet any of 3 criteria, the Foundation said. First, if they launch a stake pool by August 30, 2021, promoting a definition of censorship resistance. These managers will be eligible for a 100 SOL reward. If they also reached 100,000 SOL deposit to their pool, they wil receive a 200 SOL grant or a 1,000 SOL grant if they reached 1,000,000 SOL staked. At the time of writing, SOL trades at $27,01 with a 2.9% loss in the daily chart.
Source : News Btc
2 days ago

This Bitcoin Indicator Might Suggest Bull Run Is Still On

The MVRV ratio, a Bitcoin indicator, might suggest that the current bull run isn’t over, and the price of the crypto is yet to peak. The MVRV Ratio Indicates The Cycle Isn’t Over Yet As pointed out by a Crypto Quant post, past cycles seem to follow a specific pattern on the MVRV charts. This might suggest that the current bull run hasn’t peaked yet. MVRV stands for “Market Value to Realized Value”. The ratio is defined as Bitcoin’s market capitalization divided by realized capitalization. Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk MVRV Ratio = Market Cap ÷ Realized Cap The MVRV ratio is useful for knowing whether the current price is fair or not. If the value is very high, it means Bitcoin’s price might be overvalued, and thus investors would tend to have selling pressure. On the other hand, if the value of the indicator is low, it might suggest that the price of BTC is undervalued, which could result in buying pressure in the market. Related Reading | Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover Now, here is how the Bitcoin MVRV ratio chart looks like for the 2013 cycle: The BTC MVRV zones seem to decide bottom and top In the above chart, the blue zone indicates a bottom. The MVRV ratio line only touches this zone during a bear market, while the red box signifies a top. In the middle is another box with the color green. The MVRV ratio seems to touch this zone once after reaching a top in the middle of the bull run, only to go back up again for the true top. Because of this, when the MVRV ratio touches the green zone after a correction, buying Bitcoin might be a good choice. Below is the chart that shows the 2017 cycle as well as the current run. BTC MVRV shows current cycle may not have reached the top yet As is clear from the chart, the 2017 cycle also seemed to have followed a similar pattern where a top happened mid-cycle and then a correction brought it into a green zone. From the looks of it, the current cycle might just be in the middle right now, and a new top might be ahead. Bitcoin Price At the time of writing, BTC’s price is around $32.3k, up almost 2% in the last 7 days. Here is a chart showing the trend in the crypto’s price: BTC's price seems to be back on a uptrend | Source: TradngView If the pattern of the MVRV ratio holds true, the bull run may not have reached a top in this run yet. So that the price might be heading up soon. However, this cycle could end up being different nonetheless, and a bear market might be ahead instead. Featured image from Pexels.com, charts from CryptoQuant, TradingView.com
Source : News Btc
2 days ago

Report Reveals El Salvador Plans For Issuing A Stablecoin

El Salvador recently became the first country to adopt Bitcoin as a legal tender in financial transactions, and now it plans to issue a stablecoin. The President, who calls himself “the coolest president in the world,” took the first step to equip his citizens with a digital means of paying for goods & services. Related Reading | Ether EFT Gets Approval From Brazilian Securities Regulator The world is waiting for the commencement of his plans by September. Moreover, the law for bitcoin legalization has already been signed. While the wait continues for the execution, the president’s brothers make a bigger plan for the country. From the latest news on the country, it seems that the president’s brothers are planning the development of a stablecoin as they’re already presenting the idea to investors. The news came from the reports of a digital newspaper in Latin America, El Faro. The information has it that El Salvador consumers will use stablecoin for services. Comments From Bukele Brothers According to what the president brothers revealed to investors, the crypto, which they call the “Colon dollar,” will become a reality before 2021 ends. Ibrahim & Yusuf Bukele had pitched the proposal to investors, and the report from the digital newspaper also pointed to the video recordings about it. In the proposal discussion, the brothers told the prospective investors that they’re representing the interests of the El Salvador President. Related Reading | Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform The Latin American newspaper had obtained the documents about the proposal, and that’s where they got the details of the discussion. Earlier before now, the Central American government approved the bitcoin law, which the El-Salvador president initiated. The law centered on making Bitcoin a legal tender in the country and thereby mandating businesses operating in the State to accept it. Bitcoin finally steps out of the bearish zone and follows a bullish momentum | Source: BTCUSD on TradingView.com With the approval of this law, residents can use Bitcoin to pay for goods & services come September 2021. Also, the residents can pay taxes and other bills using bitcoin. Will El Salvador Issue A Stablecoin? Concerning the plan to create a stablecoin in El Salvador, the government spokesperson revealed that it is no longer in play. But another source who wishes to remain anonymous stated that the plan is still on track. Related Reading | Binance CEO Changpeng Zhao States, “Compliance Is A Journey.” Also, the digital newspaper revealed that the brothers to the El Salvador President have been meeting some representatives from Algorand, Cardano, and WhizGrid. These meetings have always occurred on different occasions. All these indicate that the brothers are very much interested in a stablecoin for El Salvador. While we can’t say with confidence that the plan is still in play, the launch of Bitcoin as a legal tender is still in play. Also, given the several meetings between the brothers and different blockchain representatives, there might still be some upcoming developments in the pipeline. Featured image from CoinDesk, chart from TradingView.com
Source : Cointelegraph
Added today

43% of Singaporeans own crypto, according to Independent Reserve survey

The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location.

Source : Cointelegraph
Added today

Top 5 cryptocurrencies to watch this week: BTC, ETH, ICP, AAVE, LUNA

ETH, ICP, AAVE and LUNA could rally higher over the coming days if BTC funds support above the 50-day moving average.

Source : Cointelegraph
Added today

Amazon plans to accept Bitcoin payments this year, claims insider

“It begins with Bitcoin,” an anonymous insider said in describing Amazon’s intent to enter the cryptocurrency payments arena.

Source : Cointelegraph
Added today

Countries representing over 90% of global GDP are exploring CBDCs

Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahead and has plans to implement digital-yuan usage during the 2022 Winter Olympics in Beijing.

Source : Cointelegraph
Added today

Finding the sweet spot: Traditional financial institutions ready for DeFi

With the announcement of Aave Pro, a DeFi platform exclusively for institutional investors, the big boys may finally be getting ready to play with blockchain.

Source : Cointelegraph
Added today

Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA

BTC price inched toward 2020's support with traders expecting more gains if a breakout occurs.

Source : Cointelegraph
Added today

Bringing the crypto payments ecosystem around the world: Ray Youssef

“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption.

Source : Cointelegraph
1 days ago

3 reasons why Bitcoin price has not been able to rally back above $40K

Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery.

Source : Cointelegraph
1 days ago

This classic trading pattern signaled that Bitcoin price had hit a top

In technical analysis, traders interpret the head and shoulders formation as a strong sign that a trend reversal is in process.

Source : Cointelegraph
1 days ago

Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally

In some cases, unusually high tweet volume can signal that an asset is about to soar, but traders should mind the context.

Source : Cointelegraph
1 days ago

$10B asset manager registers new Bitcoin fund with SEC

Stone Ridge Asset Management, the parent company of New York Digital Investment Group, or NYDIG, has been actively pursuing new investment vehicles for Bitcoin. On Friday, Stone Ridge's open-end mutual fund revealed a new Bitcoin-focused investment strategy.

Source : Cointelegraph
1 days ago

Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

Bitcoin is likely going to tackle $34,500 today or tomorrow, Michaël van de Poppe says, opening up the road to $36,000 or more.

Source : Cointelegraph
1 days ago

The future of art? World-famous artists delve into NFTs

With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now.

Source : Cointelegraph
1 days ago

Bitcoin price hints at 'megaphone' bottom pattern, and a breakout toward $40K

The megaphone-shaped pattern reflects growing disagreement between investors over the next Bitcoin trend bias.

Source : Cointelegraph
1 days ago

DeFi industry draws in commercial banks? Siam bets with $110M fund

Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape.

Source : Cointelegraph
2 days ago

Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds

Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds.

Source : Cointelegraph
2 days ago

Altcoin roundup: Crypto credit cards could be the missing link to mass adoption

Hodling is nice, but eventually, everyone wants to buy something. This is why crypto debit and credit cards are key to mass adoption.

Source : Cointelegraph
2 days ago

Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto

Cathie Wood's Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week.

Source : Cointelegraph
2 days ago

Rangers Protocol launches Ethereum Virtual Machine-compatible testnet

The project is branding its testnet as useful to “new developers without blockchain background knowledge."

Source : Cointelegraph
2 days ago

Coin98 gains 1,200% after Binance listing, Ampleforth soars on Aave integration

C98 rallied 1,200% from its ICO price shortly after listing on Binance and AMPL shot higher after the project integrated with AAVE.

Source : Cointelegraph
2 days ago

El Salvadorians take to the streets to protest Bitcoin law

Those who marched against Bitcoin this week claimed the cryptocurrency was too volatile and would allow businesses to "launder ill-gotten money."

Source : Cointelegraph
2 days ago

Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points

“You’ll notice transactions happen much faster, and once you’ve created a Vault, you won’t have to keep claiming Moons every month,” said Reddit if the solution is migrated to the Ethereum mainnet.

Source : Cointelegraph
2 days ago

Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin and most major altcoins are meeting resistance at higher levels but the bearish sentiment of the last two months seems to be reducing.

Source : Cointelegraph
2 days ago

FXT token taps into Binance Smart Chain following ERC-20 success

The BEP-20-based FXT token hopes to “replicate the success of its variant — ERC-20 Token.”

Source : Cointelegraph
2 days ago

Bitcoin payments for real estate gain traction as crypto holders seek monetization

Could crypto payments for real estate become another notable way for people to invest their BTC, or is the learning curve too steep for wider adoption?

Source : Cointelegraph
2 days ago

Canadian border town suspends Bitcoin mining over aesthetic concerns

City officials have imposed a three-month suspension on new Bitcoin mining operations to make roads and buildings more presentable.

Source : Cointelegraph
2 days ago

Bull or bear market, creators are diving headfirst into crypto

NFTs and social tokens are not Bitcoin or Ether, but interaction between celebrities and their fans raises people’s awareness about the space.

Source : Cointelegraph
2 days ago

$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist asserts

The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar.

Source : Cointelegraph
2 days ago

SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs

“We’re not a merit regulator, so we shouldn’t be in the business of deciding whether something is good or bad,” SEC Commissioner Hester Peirce said.

Source : Wallet Invester
1036 days ago

Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08

Hot news: These changes have happened in the last hour.

In the last one hour Bitcoin is leading the record of among the most popular crypto-currency in the trading ecosystem, it has an decrease of -0.33% from its previous value from 6631.875 dollars now at 6609.990 dollars exchange rate. Next to Bitcoin is T..

The post Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08

Hot news: The summaries of the last one hour are the followings:

Bitcoin is leading the rank on the most popular crypto-currency, it has an upsurge of 0.12% in its exchange rate, which means 6668.000 dollars from the 6660.008 dollars earlier. Tether is in the second position as Bitcoin leads the first spot. ..

The post Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

In the last hour, Bitcoin is leading the cryptocurrency rank. A fall in the exchange rate was seen from 6663.014 dollars to 6640.360 dollars a -0.34% change. Next to Bitcoin is Tether in the second position..

The post Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07

Hot news: Here you can read the new CryptoCurrency report of the last 60 Minutes.

Bitcoin is leading the rank in the last hour as the most popular crypto currency in the trade market, with a recorded fall on its value of about -0.12% in the last hour with a current standing rate of 6674.850 dollars from 6682..

The post Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07

Hot news: There were a lot of happenings in the last 60 minutes on the Crypto stock exchanges.

Bitcoin is listed as the most popular cryptocurrency in the market. In the last sixty minutes, it had an downswing of -0.19% on its trading price. This means from 6699.038 dollars now at 6686.310 dollars. Tether is..

The post Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07

Hot news: Now we show you the newest summary of 60 minutes.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an decrease of -0% in its exchange rate from 6704.570 dollars now at 6704.570 dollars. Bitcoin is seconded by Tether, in a 60 minutes time it has a drop..

The post Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

Bitcoin was in the top position in the last hour, the exchange rate decreases from 6710.021 dollars to 6709.350. This is a -0.01% recorded change. Tether is at the second position next to Bitcoin, with a re..

The post Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07

Hot news: These changes have happened in the last hour.

Bitcoin was in the top position in the last hour, the exchange rate increases from 6689.711 dollars to 6709.780. This is a 0.3% recorded change. Bitcoin is followed by Tether, with a -0.07% tumble on its trade value in the last one hour, equivalent to 0..

The post Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

The number one cryptocurrency leader is Bitcoin, this data was fetched in the last hour. It has an decrease on its trade value to -0.2%, now at 6687.450 dollars from 6700.852. Tether is at the second positi..

The post Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1036 days ago

Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07

Hot news: These are the changes of the CryptoCurrency market in the last one hour.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an increase of 0.05% in its exchange rate from 6689.215 dollars now at 6692.560 dollars. Tether is next to the leading crypto Bit..

The post Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07 appeared first on CryptoCurrency Blog.

Source : Finance Magnates
2 days ago

Binance US Is Looking to Go Public, Changpeng Zhao Says

Binance US operates separately from Binance.com.
Source : Finance Magnates
2 days ago

Large Ethereum Addresses Increase ETH Accumulation

ETH whales accumulated nearly 1.65 million coins in the last six days.
Source : Finance Magnates
2 days ago

Texas Regulator Moves against BlockFi for Securities Law Violation

The company is facing similar allegations in New Jersey and Alabama.
Source : Finance Magnates
3 days ago

Blockchain Technology Company Kirobo Introduces Atomic Safe Swap

The newly launched Atomic Safe Swap is the world's first secure peer-to-peer token swap service.
Source : Finance Magnates
3 days ago

Socios.com Announces Partnership with Inter Milan

The company replaced Pirelli as the front-jersey sponsor of the Italian club.
Source : Finance Magnates
3 days ago

Russian Central Bank Asks Stock Exchanges Not to List Crypto Firms

The restrictions are only for retail investors and not for accredited investors.
Source : Finance Magnates
4 days ago

Bitcoin and Ethereum Lead $100 Billion Crypto Market Jump

The overall market cap of digital currencies jumped above $1.3 trillion on Thursday.
Source : Finance Magnates
4 days ago

Family Offices Are Interested in Cryptocurrency Assets

A recent survey from Goldman Sachs shows that nearly 45% of the family offices are planning to invest in cryptocurrencies.
Source : Finance Magnates
4 days ago

ASX Calls for Regulations of Crypto Custodians

The exchange pointed out several risks of crypto custody in a letter to the Australian Senate.
Source : Finance Magnates
4 days ago

24 Exchange Gains Crypto Trading License in Bermuda

The platform will offer crypto trading services to institutions.
Source : Finance Magnates
5 days ago

Mastercard Plans to Enhance Its Card Program for Cryptocurrency Firms

The company aims to make it simple for partners to convert cryptocurrency to traditional fiat currency.
Source : Finance Magnates
5 days ago

Cryptocurrency Exchange FTX Raises $900 Million

The company received a valuation of $18 billion.
Source : Finance Magnates
5 days ago

EU Draft Bill Wants FATF’s Travel Rule for Crypto Transactions

The bill wants VASP to maintain strict KYC for any transaction beyond EUR 1,000.
Source : Finance Magnates
6 days ago

Weekly Cryptocurrency Inflows Remain Slow

Ethereum investment products attracted $11.7 million last week.
Source : Finance Magnates
6 days ago

Bitcoin Market Cap Dips below $600 Billion

BTC is currently trading near $31,000.
Source : Finance Magnates
7 days ago

Binance Coin Regains $50 Billion Market Cap

BNB is currently trading near the price level of $300.
Source : Finance Magnates
7 days ago

Large XRP Transactions Are Surging

Two leading XRP wallets moved approximately 124 million coins recently.
Source : Finance Magnates
9 days ago

Bullish Gets $75 Million Investment from SoftBank Unit

The investment comes as Bullish plans SPAC move.
Source : Finance Magnates
9 days ago

Japan Ramps Up Efforts for Introducing Crypto Regulations

The country is working on both regulatory and diplomatic levels.
Source : Finance Magnates
10 days ago

Binance Faces Regulatory Troubles in Lithuania for Offering Derivatives

Multiple regulators around the globe have come out against the crypto exchange giant.
Source : Bitcoin Magazine
Added today

Bitcoin Artwork Will Make Your Life Beautiful

Artwork inspired by Bitcoin carries an essence of beauty created by the technological revolution at hand.
Source : Bitcoin Magazine
1 days ago

In A Flash, Bitcoin Can Become The Default Digital Reserve Currency Of The World

Bitcoin has faced many challenges before, but it seems that the free market repeatedly creates innovative solutions to these.
Source : Bitcoin Magazine
1 days ago

Bitcoin Transfer Volume Now Exceeds $15.8 Trillion

The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product.
Source : Bitcoin Magazine
1 days ago

Interview: Fighting For Freedom With Zuby

Freedom fighter and musician Zuby joined the “Bitcoin Magazine Podcast” to discuss sovereignty and lessons learned from COVID-19 lockdowns.
Source : Bitcoin Magazine
2 days ago

Antifragility, Bitcoin, and Fantasy Football Draft Strategy

Fantasy football players and Bitcoiners use the same strategic thinking principles when building for an uncertain future.
Source : Bitcoin Magazine
2 days ago

The Hero’s Journey: Authentic Digital IDs For Bitcoin

Personalized authentic engagement design integrated into Bitcoin paradoxically transforms aspirations into unintended outcomes.
Source : Bitcoin Magazine
2 days ago

Bitcoin ATMs Are Popping Up To Meet Demand And Propel Mainstream Adoption

Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.
Source : Bitcoin Magazine
2 days ago

Edge Wealth Management Increases Bitcoin Exposure By Over 40%

Edge has disclosed it holds 54,134 shares of Grayscale Bitcoin Trust in a filing with the SEC, a more than 40% increase since last quarter.
Source : Bitcoin Magazine
2 days ago

Bitcoin Ownership In The U.S. Has Tripled Since 2018, A Gallup Survey Found

A Gallup survey found that the number of American investors holding bitcoin has tripled in three years, while skepticism has declined.
Source : Bitcoin Magazine
2 days ago

Amazon Is Getting Serious About Accepting Bitcoin For Payment

Amazon has begun its search to hire a Digital Currency and Blockchain Product Lead, to enable modern and inexpensive payments to Amazon.
Source : Bitcoin Magazine
2 days ago

Jack Dorsey to Twitter Shareholders: We Must 'Invest Aggressively' in Bitcoin

Dorsey sees Bitcoin as part of a larger trend in technologies now impacting mainstream businesses that includes “AI, decentralization and the internet.”
Source : Bitcoin Magazine
2 days ago

Examining Structural Changes To The Bitcoin Derivatives Market

Taking a look at some of the structural changes in the bitcoin derivatives market over the course of 2021 and what they mean.
Source : Bitcoin Magazine
3 days ago

Four Tips For Running A Profitable Lightning Network Node

Running a Lightning Node has nuances but can be profitable and effective if done right.
Source : Bitcoin Magazine
3 days ago

Interview: Investing With A Bitcoin Mindset

Louis Liu, CEO of Mimesis Capital, discussed investing with the belief that fiat-denominated funds will cease to exist.
Source : Bitcoin Magazine
3 days ago

JPMorgan Becomes The First Big Bank To Give Retail Clients Access To Bitcoin

JPMorgan will reportedly give retail clients access to bitcoin investment vehicles starting on July 19, a first in U.S. big banking
Source : Bitcoin Magazine
3 days ago

The Unbearable Tragedy of The B​​ Word

The B Word Bitcoin conference was a travesty of discourse that failed to advance the conversation on Bitcoin as a technology in any meaningful way.
Source : Bitcoin Magazine
3 days ago

Can Bitcoin Be Palestine’s Currency Of Freedom?

Bitcoin gives Palestinians a powerful avenue for peaceful protest, and the opportunity to find sovereignty among oppressive economic policies.
Source : Bitcoin Magazine
3 days ago

Circle K To Deploy Bitcoin ATMs In Stores Through Partnership With Bitcoin Depot

Convenience store chain Circle K partners with Bitcoin Depot to bring bitcoin ATMs to its stores, with over 700 machines already installed.
Source : Bitcoin Magazine
3 days ago

Global X, Subsidiary Of $560 Billion Investment Manager, Files For Bitcoin ETF

ETF provider and Mirae Asset subsidiary Global X has filed for a bitcoin ETF with the SEC, heating up the competitive race in the U.S.
Source : Bitcoin Magazine
3 days ago

Analyzing The â‚¿ Word Virtual Conference

This Daily Dive excerpt highlights some of the comments made during The â‚¿ Word virtual conference, with charts and commentary.
Source : Bitcoin Magazine
4 days ago

Why Bitcoin Bears Should Beware: A List Of Historical Fails

There are many who have opposed innovation that were proven monumentally wrong in their predictions.
Source : Bitcoin Magazine
4 days ago

Protecting Your HODL Legacy: Shamir Backups And Inheritance Planning

Awareness of one's own mortality is a sign of maturity, as is the recognition of the critical importance of securing one’s bitcoin.
Source : Bitcoin Magazine
4 days ago

Bitcoin Optech #158: Why Wallets Should Wait Before Generating Taproot Addresses

This week’s newsletter discusses changes to services and client software and why wallets should wait before generating Taproot addresses.
Source : Bitcoin Magazine
4 days ago

Carbon Neutral Hosting Provider To List On Nasdaq Through Merger

Carbon neutral hosting provider Core Scientific announced it will be listing on the Nasdaq soon through a merger agreement with XPDI.
Source : Bitcoin Magazine
4 days ago

An In-Depth Review Of El Salvador

In this episode of "Fed Watch," the hosts went in depth on El Salvador and the potential benefits of its bitcoin adoption.
Source : Bitcoin Magazine
4 days ago

Elon Musk Discusses Merits Of Bitcoin, Reveals SpaceX Holds BTC

Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest’s Cathie Wood.
Source : Bitcoin Magazine
4 days ago

Blockstream Announces Greenlight Lightning Node Service

Blockstream announces Greenlight, where new users can be easily onboarded to Lightning while holding their own keys.
Source : Bitcoin Magazine
4 days ago

Fintech Firm Upgrade Launches 1.5% Bitcoin Rewards Credit Card

Upgrade has announced their new bitcoin rewards card that offers unlimited 1.5% BTC back on every purchase paid.
Source : Bitcoin Magazine
4 days ago

Bitcoin Mining Firm Argo Blockchain Files for US Public Offering

Bitcoin mining company Argo Blockchain is the latest to seek a public listing in the U.S. markets, a sign of the market's increasing maturity.
Source : Bitcoin Magazine
4 days ago

How The DCA Army Will Drive A $1 Million Bitcoin Price

The entire supply of bitcoin will eventually go to the zealot DCA army, bringing enough fiat into BTC that fiat ceases to exist.
Source : Bitcoin Magazine
4 days ago

Ark Adds Bitcoin Exposure Again Buying $10 Million Worth of Grayscale Shares This Week

Ark Invest purchased over 310,000 shares of the Grayscale Bitcoin Trust on Monday worth nearly $8 million.
Source : Bitcoin Magazine
4 days ago

Miners Are Thriving Despite The Bitcoin Price Action

With a falling bitcoin price and mining difficulty, miners have accumulated 3,785 bitcoin over the last month.
Source : Bitcoin Magazine
4 days ago

BNY Mellon Joins 6 Major Banks in Backing New Bitcoin Exchange

Pure Digital says the first trade will take place on its platform “within a week," and that it will be a bitcoin trade between banks.
Source : Bitcoin Magazine
5 days ago

Bitcoin For Georgia: How To Use Bitcoin As A Nation!

Georgia is just one of many developing countries which would benefit from the adoption of Bitcoin.
Source : Bitcoin Magazine
5 days ago

Bitcoin Exchange FTX Raises $900 Million, Largest Raise In Exchange History

FTX Trading Ltd just raised $900 million from over 60 investors and now has a $18 billion valuation.
Source : Bitcoin Magazine
5 days ago

Interview: A New ETF Offering Bitcoin Exposure With Wes Fulford

Wes Fulford joined the “Bitcoin Magazine Podcast” to discuss a clean energy mining ETF.
Source : Bitcoin Magazine
5 days ago

Rothschild Investment Corp More Than Tripled Its Bitcoin Position

Rothschild Investment Corp shared in a new filing that it has more than tripled its bitcoin exposure through GBTC over the past quarter.
Source : Bitcoin Magazine
5 days ago

RIGZ ETF Provides Exposure To The Infrastructure Underpinning Bitcoin

Viridi funds has announced the launch of RIGZ, the firm’s new clean energy Bitcoin mining ETF that goes beyond just miners.
Source : Bitcoin Magazine
5 days ago

EU Proposes Law To KYC All Wallet Transfers

The EU proposed a law that would force companies engaging in BTC transactions and transfers to collect identities of senders and receivers.
Source : Bitcoin Magazine
5 days ago

Interview: Why Altcoins Are Not A Threat To Bitcoin With Udi Wertheimer

Infamous Bitcoin Twitter personality Udi Wertheimer discussed why Bitcoiners should not be worried about altcoins.
Source : Bitcoin Magazine
5 days ago

Why The Treasury Market Signals Trouble

The treasury market is spelling trouble in the broader financial system, making the case for bitcoin investment.
Source : Bitcoin Magazine
5 days ago

JP Morgan Wealth CEO Says Clients See Bitcoin as Asset Class to Invest In

J.P. Morgan's head of wealth management says clients are increasingly viewing Bitcoin as an asset class.
Source : Bitcoin Magazine
6 days ago

Charted Territory: The True Value Of One Bitcoin

Inflation may obscure the value of bitcoin, but let it not mislead you.
Source : Bitcoin Magazine
6 days ago

Elon Musk, Jack Dorsey, Cathie Wood To Discuss Bitcoin At "The â‚¿ Word"

Elon Musk of Tesla, Jack Dorsey of Twitter and Cathie Wood of ARK Invest will discuss Bitcoin during "The â‚¿ Word" on Wednesday, July 21.
Source : Bitcoin Magazine
6 days ago

Report: Iris Energy Seeking $200 Million Ahead Of Nasdaq Listing

Sustainable bitcoin miner Iris Energy is reportedly seeking a $200 million fundraising round to aid its plans for listing on the Nasdaq.
Source : Bitcoin Magazine
6 days ago

Public Association Wants To Attract Bitcoin Miners To Russia

A Russian association has announced a new project to attract bitcoin mining companies as miners face hardships in China.
Source : Bitcoin Magazine
8 days ago

Stop Trying To Understand Bitcoin

We often utilize complicated systems without understanding them, and this should be no different for Bitcoin.
Source : Bitcoin Magazine
9 days ago

The Coming Rise And Fall Of Central Bank Digital Currencies

Digital currencies are quickly gaining traction in the world; but Bitcoin is poised to maintain superior incentives.
Source : Bitcoin Magazine
9 days ago

The Bitcoin Beach Wallet Special

In this episode of “The Van Wirdum Sjorsnado,” host Aaron van Wirdum speaks with Bitcoin Beach Wallet developer Nicolas Burtey.
Source : Bitcoin Magazine
9 days ago

Is Nuclear Power The Future Of Bitcoin Mining?

As the bitcoin mining industry grapples with criticism over its energy use, nuclear power is emerging as its source of the future.

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