CoinFund, a blockchain investment firm behind several recent venture raises, has closed an $83 million funding round as part of its ongoing initiative to bootstrap promising crypto-focused startups. The oversubscribed fundraise was led by Venrock, a California-based venture capital firm founded in 1969. CoinFund said several other “forward-thinking institutional allocators” contributed to the raise, but …
Monthly archives: July 2021
Bitcoin’s Address Growth Plateaus as BTC loses $30k Support
The growth of Bitcoin addresses has hit a plateau phase Bitcoin’s daily active addresses have also dropped from April’s peak of 1.366 million There are currently 845k daily active Bitcoin addresses, a drop by 38% from the aforementioned peak Bitcoin has lost the crucial $30k support to post a local low of $29,278 A loss …
Continue reading “Bitcoin’s Address Growth Plateaus as BTC loses $30k Support”
Mega Whale Wallets Dormant Since 2018 Abruptly Add $841,000,000 in BTC Over the Weekend
A collection of Bitcoin whale wallets suddenly scooped up tens of thousands of BTC over the weekend after being inactive since December of 2018. According to BitInfoCharts’ list of the biggest Bitcoin wallets, all addresses ranked 89 through 106, except rank number 90, accumulated a total of 28,377 BTC worth $841.85 million on July 17th …
Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April
Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show. In a filing with the United States’ Securities and Exchange Commission (SEC) on July 17, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC shares near 150,000 A quiet but nonetheless …
Continue reading “Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April”
Bank of Korea selects Kakao’s blockchain arm for digital won tests
The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng …
Continue reading “Bank of Korea selects Kakao’s blockchain arm for digital won tests”
Osprey Funds CEO says US will approve Bitcoin ETF in 2022 ‘at earliest’
The CEO of Osprey Funds — the issuer of over-the-counter Bitcoin trust OBTC —isn’t holding his breath for a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States this year. Speaking to Yahoo Finance’s Jared Blikre and Seana Smith on July 19, Greg King said he believes that the U.S. Securities and Exchange Commission (SEC) …
Continue reading “Osprey Funds CEO says US will approve Bitcoin ETF in 2022 ‘at earliest’”
US megabank JPMorgan to hire more blockchain talent
Major American investment bank JPMorgan is upping its blockchain hiring spree by posting a series of new blockchain-related job applications. JPMorgan has opened multiple positions to pursue its global blockchain development efforts including job postings targeting blockchain-focused software developers, engineers, marketers and auditors. According to the company’s open positions on LinkedIn, many of these new …
Continue reading “US megabank JPMorgan to hire more blockchain talent”
Uniswap (UNI) to Be Allocated 49.95% of Grayscale’s New DeFi Fund
Grayscale Investments is has launched a new DeFi fund The DeFi fund will provide investors with weighted exposure to the top 10 DeFi tokens according to market cap They include Uniswap (UNI), Aave (AAVE), Compound (COMP), Curve (CRV), MakerDAO (MKR), SushiSwap (SUSHI), Synthetix (SNX), Yearn Finance (YFI), UMA Protocol (UMA) and Bancor (BNT) Uniswap will …
Continue reading “Uniswap (UNI) to Be Allocated 49.95% of Grayscale’s New DeFi Fund”
$540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath
Bitcoin dropped to under $30,000 last night and sparked a selling frenzy in the crypto market—one that led to half a billion dollars in liquidations, $285 million of that in BTC alone. As per data from analytics app Bybt, over 113,956 traders were liquidated on various crypto exchanges, with the largest single liquidation order occurring …
Continue reading “$540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath”
Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign
Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Analysis Bitcoin dropped below the crucial weekly support of $32,500 as bears took control of the price action. Rohan Jethi · July 20, …
Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’
The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering …
South African Central Bank Warns Citizens Against Accepting Tainted Banknotes
A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink. Increasing Circulation of Stained Banknotes According to an EWN report, the South Africa Reserve Bank (SARB) has also …
Continue reading “South African Central Bank Warns Citizens Against Accepting Tainted Banknotes”
Museum of Bitcoin Mining History Opens Its Doors in Venezuela
A new museum dedicated to the history of bitcoin mining opened its doors in Venezuela last weekend. The institution will allow visitors to learn about the history of cryptocurrency mining, going from its roots to the current state of the mining industry. The museum is part of a private initiative started by Criptoavila, a mining-dedicated …
Continue reading “Museum of Bitcoin Mining History Opens Its Doors in Venezuela”
Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency
sponsored On photo left to right: Saif Al Mansouri – CEO TRES OTC DMCC; Ahmed Bin Sulayem – Executive Chairman and Chief Executive Officer of DMCC; Dmitry Krasnogor – Managing Director TRES OTC DMCC; Antony Katin – CEO SIMBA Storage; Alexey Liakhovnenko – CEO TRES Group GmbH. Back in 2020, at the Davos Summit, the …
Bitcoin Selling Pressure High as BTC Whales Deposit to Exchanges, According to CryptoQuant CEO
CryptoQuant CEO Ki Young Ju is highlighting a possible catalyst driving Bitcoin’s selling pressure as the leading cryptocurrency now trades below $30,000. In a CryptoQuant quick take, the head of the on-chain analysis firm points to the exchange whale ratio, an on-chain indicator that tracks the activity of deep-pocketed investors by dividing the top 10 …