Following a number of statements this week from the U.S. Securities and Exchange Commission’s (SEC) Gary Gensler, wealth management firm Vaneck has filed for a bitcoin futures exchange-traded fund (ETF). Vaneck Files for a Bitcoin Futures-Focused Fund Called the Bitcoin Strategy ETF On August 10, the wealth manager Vaneck filed an application with the SEC …
Monthly archives: August 2021
Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed
In a strange twist of fate, two companies named Polygon are the source of a storm of confusion on Twitter as a video game community gets a unique introduction to Polygon’s blockchain technology. Crypto Scammers Hit Game-Related Feed Polygon, the rebranded layer 2 blockchain solution (previously Matic Network), has been mixed up with another identically …
Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC
Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles With CFTC and FinCEN Bitmex confirmed Tuesday that “it has reached a …
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Creator of World’s Second-Largest Stablecoin Is Pursuing a US Commercial Banking License
Circle, the digital payment company behind the widely-used USDC stablecoin, is announcing its intentions to become a full-reserve national commercial bank. Jeremy Allaire, co-founder and CEO of Circle, shares in a blog post his company’s plans to pursue a commercial banking license in the US, along with his perspective on the future for USDC. ADVERTISEMENT …
Ethereum Market Share of Institutional Investment Products Rapidly Rising: CoinShares
Crypto asset management firm CoinShares says that the market share of Ethereum (ETH) in institutional investment products is growing. In a new weekly report, CoinShares says that the market share of the leading smart contract platform in investment products has taken a significant leap in the first eight months of this year. ADVERTISEMENT “Ethereum …
Concordium and Swvl Announce Partnership for Blockchain-Based Mass Transit Systems
August 11, 2021 – Zug, Switzerland Concordium, a leading blockchain technologies company, and Swvl, Inc. (“Swvl”), a Dubai-based provider of mass transit and shared mobility solutions, today announced a strategic partnership to – for the first time – use blockchain technologies to develop transformative next-generation mass transit systems. Swvl is a global tech start-up based in Dubai, with …
SpaceSwap and UniFarm Unite for Upcoming Cohort 19 Starting August 10, 2021, at 13:30 UTC
SpaceSwap is happy to announce that starting on August 10, 2021, the platform’s native token MILK2 will become part of a united farming pool. Cohort 19 from UniFarm will start at 13:30 UTC on the appointed day and last for 180 days. This is a great opportunity for all MILK2 holders to stake their tokens …
Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation
Coinbase stock rebounded during the early U.S. trading hours on Aug.11 after it beat Wall Street forecasts for sales and revenues in the second quarter. The cost to purchase one COIN share surged 4.7% to $282.34 at the New York opening bell. Later, bids for COIN rose to as high as $294 before pulling back to …
Digital insurer Metromile follows through with $1M Bitcoin purchase
San Francisco-based technology firm Metromile has used 10% of the funds it previously said would be allocated towards crypto to buy Bitcoin (BTC). According to Tuesday’s filing from the United States Securities and Exchange Commission, or SEC, Metromile reported that it had purchased $1 million in Bitcoin in June. However, the firm recorded a loss of $100,000 …
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Broker licensing for US blockchain developers threatens jobs and diversity
United States lawmakers will soon destroy a massive opportunity for job creation and a diverse workforce in blockchain technology if they do not amend infrastructure bill HR 3684, which would require blockchain developers to attain broker status on U.S. soil. HR 3684 does not recognize the taxonomy of the asset class. Not every crypto asset …
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Crypto market cap returns to $2T for the first time since May
The total value of all cryptocurrencies in circulation — a major bellwether for the health of the overall market — reached $2 trillion on Wednesday for the first time in almost three months, offering compelling evidence that buyers are back in control. Measured by market capitalization, digital asset values peaked at $2.007 trillion on Wednesday, …
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A Guide To Choosing Bitcoin Hot Wallets Vs. Cold Wallets
Most newbie crypto investors get stuck when it comes to choosing the right crypto wallet. Avoid that by learning the difference. Safety and security are the first things that every crypto investor should consider before buying any cryptocurrency. If you have any amount of bitcoin or altcoin, you have to choose between a cold wallet …
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Altcoins soar while Bitcoin bulls gather strength to attack $48,000
The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743 and bulls are now taking aim at the $48,000 resistance level as the next target. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), WINk (WIN) …
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The metaverse: Mark Zuckerberg’s Brave New World
If Facebook happened to be a human being, where would he/she/they currently be? Most likely in prison… for a very long time. The company’s transgressions are too numerous to list. But Facebook is not human; it’s a company, and a very profitable one, at that. In fact, it’s now one of the most profitable companies …
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$400B investment manager Neuberger Berman will allow crypto exposure through commodity-focused fund
New York-based investment management firm Neuberger Berman has filed for a commodity-focused fund to be able to gain indirect exposure to crypto investments. In a filing with the Securities and Exchange Commission today, the investment firm said its Commodity Strategy Fund would allow investors to have indirect exposure to cryptocurrencies and digital assets through Bitcoin …