The buzz around the blockchain industry isn’t going down anytime soon as more use cases keep popping up in various sectors. There is a myriad of factors contributing to the push we are currently observing. One of the most significant among them is the increase in industry readiness, both from a technical and ideological perspective. …
Monthly archives: October 2021
Institutional Shift? For the First Time Ever, Grayscale’s Top Crypto Investment Product Isn’t the Bitcoin Trust
A new study from a digital asset analytics firm is revealing that institutional investors are moving away from Grayscale’s Bitcoin Trust (GBTC) in favor of another crypto asset trading product. According to a CryptoCompare report, Grayscale’s Ethereum Trust (ETHE) witnessed more daily trading volumes in September than GBTC for the first time in history. ADVERTISEMENT …
Risk-averse Ethereum traders use this options strategy to increase exposure to ETH
On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the U.S. consumer price index, exchanges’ diminishing supply, and a “cup and handle” bullish continuation chart formation. Traders are …
A gold-backed stablecoin will be launching on Cardano
During a crypto summit held by British financial newspaper City A.M., decentralized finance (DeFi) liquidity protocol MELD has announced a three-way partnership with Tingo Holdings, Nigeria’s largest mobile network, and Ubuntu Tribe, an ethical crypto company that tokenises natural resources. As a part of the new partnership, the Cardano-based DeFi protocol, which enables users to …
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U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says
Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies. According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing laws. …
World’s Largest Monero Accepting Darknet Market Reveals Retirement Plan — White House Admins Say DNM ‘Reached Its Goal’
One of the largest darknet markets (DNM), White House, announced the market is retiring as the DNM’s administrators say the team has reached its goal. After revealing the retirement plan, White House admins explained that user registration and orders have been disabled. Darknet Market White House Plans to Close Its Doors Soon, User Registration and …
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the Federal Reserve System, …
Coinbase Says Malicious Actors Stole Crypto From at Least 6,000 Traders This Year
Crypto exchange Coinbase says that bad actors have stolen crypto assets from at least 6,000 traders this year. In a letter posted on the California Attorney General website, Coinbase says hackers took advantage of a flaw in the exchange’s SMS Account Recovery process to receive an SMS two-factor authentication token and gain access to the funds, …
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CoinShares Chief Strategist Analyzes Path Forward for Bitcoin, Says There’s Lots of Cash Sitting on the Sidelines
CoinShares’ chief strategy officer Meltem Demirors thinks that Bitcoin is ready to rise over the next few months as sidelined investor capital gets pushed into the crypto asset. In a recent interview on CNBC Television, the digital asset management firm executive highlights the potential catalysts that can push the value of Bitcoin to greater heights …
Morgan Stanley acquires more GBTC, Alibaba to halt crypto mining gear sales, and a possible scenario for $6 million BTC: Hodler’s Digest, Sept. 26-Oct. 2
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week DOGE co-founder sets sights on Ethereum bridge and NFTs for …
Building a better stock market: Tokenized shares bridge trading gap on blockchain
The dramatic short squeeze of the stock of video game retailer GameStop this January was the moment when r/WallStreetBets finally transformed from a humble Reddit forum into a financial force that can no longer be ignored. But lost among the memes, trading app drama and hand-wringing over the sanctity of the stock market was one …
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Coinbase Launches Support for Ethereum Competitor Across All of Its Platforms
US-based crypto exchange Coinbase is expanding support for a prominent Ethereum rival across all of its platforms. The digital asset exchange’s customers can now trade, send, receive and store AVAX, the native token for the smart contract platform Avalanche, on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase Pro listed the asset earlier …
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Actions speak: China’s crypto ban may reveal digital yuan CBDC goals
Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government’s June prohibition on cryptocurrency mining activities. The fear, uncertainty and doubt (FUD) that resulted from the ban caused Bitcoin (BTC) …
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Coinbase Reveals Massive Hack of User Accounts: Over 6,000 Customers Lost Funds
The Nasdaq-listed cryptocurrency exchange Coinbase has disclosed that at least 6,000 users were victims of a hacking campaign to gain unauthorized access to the accounts of Coinbase customers. The hackers also took advantage of a flaw in Coinbase’s SMS Account Recovery process to gain access to user accounts. Cryptocurrencies of at Least 6,000 Coinbase Customers …
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October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year
Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good …