Whales are suddenly moving more than $2.2 billion in Ethereum (ETH) this week across 11 separate transactions, according to the crypto tracker Whale Alert. The moves come as ETH’s price surges and Ethereum miner balances continue to skyrocket, blockchain analytics firm Santiment reports. ADVERTISEMENT “#Ethereum is up to $3,480, the coin’s highest price in …
Monthly archives: October 2021
Bitcoin Must Hold This Crucial Level To Sustain Bull Run, According to Valkyrie Investments CEO
The top executive of Valkyrie Investments says that Bitcoin (BTC) could see a massive price surge for the rest of 2021 if it can maintain a support level above $50,000. In a new interview on Bloomberg Quicktake, chief executive officer Leah Wald says that the $50,000 mark is a crucial level for BTC and that …
Tether fires back against report it is using reserves for investments and making crypto-backed loans
Tether (USDT), the largest stablecoin issuer by market capitalization, has refuted the details of a Bloomberg story on its reserves holdings. In a Thursday report, Bloomberg journalist Zeke Faux made numerous claims against Tether, including that its chief financial officer Giancarlo Devasini has used the company’s reserves to make investments, that seem to contradict Tether’s …
SEC approves Volt Equity ETF providing exposure to Bitcoin-centric companies
The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC). The exchange-traded fund, which was approved on Tuesday, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that …
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Velas increases blockchain grants program to $100M
Switzerland-based technology company Velas has allocated $100 million to startups building on top of the Velas blockchain, marking a sizable increase from its initial pledge of $5 million earlier this year. The grants program is designed to support the growth of the Velas ecosystem and expand its capabilities within Web 3.0, a broad umbrella term …
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Ethereum price options: All $250M in bearish bets for Friday are underwater
Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance. But despite some headwinds, ETH bulls will likely profit $115 million on Oct. 8’s weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million …
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Online Gaming: 4 Incredible Benefits of Using Cryptocurrency
With the innovation of the internet and mobile technology, most players can access their preferred games without leaving the comfort of home. Playing at online gaming sites has increasingly become popular. Online gaming sites also have various games compared to land-based casinos, and therefore players can never run out of options or get bored. Another …
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Ray Dalio Says Bitcoin Has Stood the Test of Time – But Crypto May Face Future Headwinds
Ray Dalio is saying that Bitcoin (BTC) has stood the test of time, but believes that the overall crypto market still faces challenges ahead. In a new interview with CNBC’s Andrew Ross Sorkin, the Bridgewater Associates hedge fund founder explains why the benchmark crypto is a viable alternative currency. ADVERTISEMENT “It has a limited supply, …
Binance Educates the World – A Recap of Its Efforts in Africa
As a leader in blockchain education, Binance has provided free crypto classes to over 400,000 Africans, on topics ranging from user protection to building a career in blockchain. In this article, you’ll learn more about our efforts to increase crypto literacy in Africa, the different educational channels we provide and the milestones we’ve achieved in …
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Visa’s Estonian Partner Wallester Invests in NFT
The general level of cryptocurrency acceptance around the world is actively increasing. The other day we learned that Visa, Inc. purchased a collectible NFT token from the CryptoPunk collection for $150,000, taking another step toward investing in the NFT sphere. The company noted the high prospects of NFT technology, calling it the future of commerce …
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Binance’s Commitment to Responsible Trading and Combating Distrust
It has come to our attention that a very small number of individuals are discussing on social channels ways to create distrust and demand settlement offers from Binance. These include spreading fake news, scam messages and even potentially fraudulent and defamatory materials. So, we would like to remind the community to stay alert and exercise …
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Mt. Gox creditors may receive nothing if they fail to vote by Friday
Creditors from the now-defunct crypto exchange Mt. Gox have until Friday Japan time to vote on a rehabilitation plan that could pay back millions in lost Bitcoin (BTC). Figures including Blockstream founder Adam Back and former Mt. Gox CEO Mark Karpelès took to social media this week to remind crypto users of the looming deadline. Claimants representing …
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Compound unanimously passes proposal to repair bug
Compound Finance announced the passing of Proposal 064 on Thursday, titled the “Fix COMP Accrual Bug.” The proposal states that this update will attempt to “patch the bug introduced in Proposal 62 and pessimistically allow COMP reward withdrawals until the bad COMP accruals can be fixed.” The proposal, which was written primarily by the same …
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Stockbroker platform Public.com adds crypto trading feature
Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers. In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app they use to manage their stock portfolios. According to the announcement, the new crypto …
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Bank of America report says crypto, DeFi are “only in the first inning”
Bank of America report says crypto, DeFi are “only in the first inning” Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › U.S. › Analysis Bank of America lay out a bullish scenario for the nascent digital asset industry. Samuel Wan · October 7, 2021 …
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