A big change is underway for the world’s second-largest stablecoin. USD Coin (USDC), launched by Coinbase and Circle, will not be backed by US dollars only. Coinbase president and chief operating officer Emilie Choi says all of the company’s USDC reserves will be backed by a combination of cash and short-duration U.S. Treasury bonds, starting …
Monthly archives: August 2021
$400 Billion New York Asset Manager Green Lights Investments in Bitcoin Futures and Exchange-Traded Funds
New York-based asset manager Neuberger Berman is giving the green light to use a portion of its assets to seek indirect exposure to Bitcoin (BTC). In a regulatory filing with the U.S. Securities and Exchange Commission (SEC), Neuberger Berman says its Commodity Strategy Fund can now invest in Bitcoin products. ADVERTISEMENT “Effective immediately, Neuberger …
MicroStrategy Announces Another Massive Multi-Million-Dollar Bitcoin Purchase
Business intelligence company MicroStrategy has financed another massive Bitcoin purchase as BTC hovers under the $50,000 level. On Tuesday, Bitcoin bull and company CEO Michael Saylor announced that it raised $177 million to add more BTC to its reserves. In total, MicroStrategy bought approximately 3,907 Bitcoin with the latest purchase. ADVERTISEMENT “MicroStrategy has purchased …
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NFT Social Platform DeFine Integrates With TRON, Introducing Its Social Profile System Into TRON’s Ecosystem
On August 24, 2021, TRON announced on Twitter that the NFT social platform DeFine has given support to TRC721, marking its integration with the TRON ecosystem. In the meantime, the BTFS storage system under TRON will officially integrate with DeFine in September. TRON will also contribute to the growth of the NFT ecosystem together with …
Dogecoin going to help real dogs — Chicago animal shelter now accepts crypto
PAWS Chicago, an animal rescue organization in the midwest city aiming to have shelters stop using euthanasia for its resident cats and dogs, is now accepting crypto donations. In a Tuesday announcement, PAWS Chicago said it would be accepting Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and other tokens to support its operations ahead of its …
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Here’s why Bitcoin bulls might trample $50K ahead of Friday’s $2B BTC options expiry
$2 billion worth of Bitcoin (BTC) options will expire on Friday, Aug. 27. Some analysts argue that a strong call (buy) option buying activity on Aug. 22 was likely the catalyst for the recent $50,000 price test. Digital asset trading firm QCP Capital mentioned in its market update that an entity has been “consistently pushing …
Ethernity Chain Commemorates OKEx’s ERN Listing With a Lionel Messi Giveaway
August 24, 2021 – Los Angeles, California Ethernity Chain, the blockchain-based platform letting users take advantage of the growing popularity of non-fungible tokens (NFTs), is now expanding its presence to OKEx. There are also giveaways for Messi NFTs and a signed jersey by Lionel Messi himself. OKEx is listing ERN, the native token of Ethernity Chain, …
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Gate.io Launches Comprehensive Cloud Mining Offering
August 24, 2021 – Singapore, Singapore Global digital asset exchange Gate.io has launched a comprehensive cloud mining offering, bringing the benefits of traditional cryptocurrency mining without the massive costs involved with setting up a mining operation. Gate.io recently launched a comprehensive cloud mining offering with packages starting at just $47 for a starter mining contract. …
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Bitcoin ‘Double Bubble’ Could Send BTC Rallying 300%, According to Crypto Trader Lark Davis
Crypto trader Lark Davis says a 2013-style “double bubble” scenario could be the technical pattern that sends Bitcoin on a 300% rally. In a new video, Davis tells his 419,000 subscribers he’s sticking to his presumption that Bitcoin finishes off its bull market in a similar fashion to 2013 where it formed two large peaks …
Number of Cardano millionaires rises by 173% after ADA price hits new highs
Cardano (ADA) addresses with a balance greater than $1 million have surged 173% during the latest ADA price rally. Specifically, the ADA/USD exchange rate gained almost 200% after bottoming out at $1.007 on July 20. The pair reached its record high of $3.02 in the previous session, a move that was followed by a 6.42% price correction …
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Fetch.ai launches NFT platform for AI-generated art
Blockchain artificial intelligence lab Fetch.ai has launched a new NFT marketplace for AI-generated art, giving users the ability to create digital collectibles in a collaborative setting through machine learning technology. The new platform, dubbed Colearn Paint, allows groups of creators to automatically generate and collectively own NFTs designed by a machine learning algorithm. The platform …
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The crypto effect: Trading altcoins at the edge of addiction
Whether working in visual innovation or merely acting as a reporter, I’ve made a career out of diving headfirst into ideas that I know nothing about. The fresher, more complex the puzzle to be solved, the more I dig into it, going from unknown to known. And if I’m lucky, I’m gifted a day-long adrenaline …
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US Kraken exchange targets European license in 2021, says CEO
Major United States-based cryptocurrency exchange Kraken is planning to officially expand into the European market, following in the footsteps of rival exchange Coinbase. Kraken co-founder and CEO Jesse Powell said that his firm is actively working on receiving a European license, targeting several local jurisdictions for a potential regulatory approval already this year. In a Tuesday …
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Ampleforth (AMPL) founder: There is a solution to the decentralized stablecoin dilemma
As the US dollar devaluation becomes a hot topic, CryptoSlate talked to the founder of the “rebasing cryptocurrency” designed to fight the inflation curse. Ampleforth (AMPL) is a protocol running on the Ethereum (ETH) blockchain that incentivizes a network of users to maintain a cryptocurrency with a value that is cycling around $1. Maintaining the …
Binance (BNB) reacts to allegations of market manipulation
Following allegations of market manipulation, the management of the largest digital currency exchange platform by transaction volume, Binance, has announced that the platform has never traded against its users. In the statement, which was released on the official Twitter account of the organization, the management also maintained that it has never manipulated the market and …
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