Crypto insights firm Glassnode says Bitcoin (BTC) is evolving into a macro asset class thanks to big players in the financial markets. In their new weekly report, Glassnode points out how Bitcoin’s blockchain has steadily become dominated by very large transaction sizes, or transactions over $10,000,000 with the exception of those made by crypto exchanges. …
Monthly archives: October 2021
Bitplaza Shopping App Now Accepts Dogecoin
October 4, 2021 Bitplaza, Inc. (the “company”), a holding company of a leading global Bitcoin shopping platform, today announced its support of Dogecoin (DOGE) on the Bitplaza iOS and Android apps. Bitplaza customers can spend DOGE on all of the products on the app in all supported regions. The Bitplaza is a giant global shopping …
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Liquid network block production resumes following transaction processing issues
Block production on Blockstream’s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours. In an Oct. 5 update from a Liquid oversight board member identified only as Wiz, Liquid’s failsafe mode was activated yesterday as “an unexpected issue occurred causing block signer nodes failing to …
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Bitcoin price is back at $50K, but exactly how ‘bullish’ are the bulls?
Cryptocurrency markets rallied 12.5% over the past seven days to reach a $2.44 trillion market capitalization. However, that move doesn’t seem to be inspiring confidence because the same level was tested 16 days ago when a 27% retrace followed ether’s (ETH) attempt to break $3,650 over the next six days. Regulation seems to be a …
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Traders pile into altcoins after Bitcoin bulls take hold of $50K
Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft-disputed level. The strength of Bitcoin (BTC) has also helped to kickstart momentum in the altcoins and at the time of writing, several tokens are seeing gains in excess of 20%. Top 7 coins with the highest 24-hour …
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Popular Crypto Strategist Predicts Monster Rallies for Solana and Terra, Says One Overlooked Altcoin Ready for a Leg Up
A closely followed crypto strategist and trader is predicting monster rallies for Solana and Terra while expecting one overlooked altcoin to ignite a leg up. The analyst known in the industry as Kaleo tells his 393,800 Twitter followers that Ethereum competitor Solana (SOL) has broken out from its downtrend and is now in the early …
Idexo Raises $3.35 Million In Token Sales Before Launch, USDT-Rewarding Staking Pool Launches October 5
October 5, 2021 – Gibraltar, Gibraltar Idexo is excited to announce the completion of its ‘token generation event’ (TGE) in stealth mode in late September 2021. That successful event occurred a few days after completing a successful IDO launch sale, raising nearly $800,000. To date, Idexo has raised $3.35 million through token sales before launching. …
Next-Gen Stablecoin META 1 CEX Listings Go Live
October 5, 2021 – Boca Raton, Florida META 1 – a multi-asset-backed, self-appreciating stablecoin – is scheduled for listing on multiple CEXs (centralized exchanges) in the coming weeks. According to the platform’s developers, META 1 Coin will begin trading on international exchanges over the next 60 days. The exact exchanges the token is to be listed on, …
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Is Bitcoin Forming a Double Top? Analyst Who Called Crypto Crash in May Looks at State of BTC
The trader who accurately called Bitcoin’s top just under $65,000 says BTC could be displaying a bearish technical pattern. The pseudonymous trader known as Dave the Wave tells his 79,700 Twitter followers that Bitcoin’s chart indicates BTC could be forming a “double top.” If the trader is correct, it could be a bearish indicator, suggesting …
Real estate investment firm adopts Bison Trails’ Provenance blockchain
Alternative investment firm Colchis Capital will utilize Bison Trails’ Provenance blockchain to enhance its real estate asset management services, demonstrating yet another promising use case for distributed ledger technology. Through the partnership, Bison Trails will provide the San Francisco-based Colchis Capital with node infrastructure that can be used to enhance its investment strategies, the companies …
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US lawmaker proposes safe harbor for digital tokens in new bill
North Carolina House Representative Patrick McHenry has proposed a bill which would amend one of the laws governing the Securities and Exchange Commission to provide a safe harbor for certain token projects. In a draft of the “Clarity for Digital Tokens Act of 2021” provided by the House Committee on Financial Services, McHenry suggested amending …
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IMF managing director: 110 countries are ‘at some stage’ of CBDC development
International Monetary Fund, or IMF, managing director Kristalina Georgieva said more than half of all central banks in the world are exploring how to launch digital currencies. Speaking at a virtual conference hosted by Bocconi University on Oct. 5, Georgieva said the IMF was looking at central bank digital currencies, or CBDCs, and digital currencies …
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America’s fifth-largest bank launches crypto custody service — Report
U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, potentially setting the stage for wider mainstream acceptance of digital assets. As CNBC reported, U.S. Bank has partnered with New York Digital Investment Group, or NYDIG, to provide custody services for Bitcoin …
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The US SEC is investigating crypto firm Circle over USDC product
The United States Securities and Exchange Commission is investigating crypto payments company Circle. This was revealed by the crypto firm via a regulatory filing that it received an “investigative subpoena” from the enforcement division of the SEC in July. Circle under SEC radar since July In the July subpoena, Circle had stated its plans to …
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Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’
Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.” Bank of …