Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ETH all-time high? Blink and you’ll miss it Data from Cointelegraph Markets Pro and TradingView ETH/USD just match its record $4,380 on Bitstamp before seeing a harsh rejection. …
Monthly archives: October 2021
Every spectactor in a section of FTX Arena handed $500 in crypto at season opener
Major cryptocurrency exchange FTX has given $500 in crypto to every spectator sitting in one section of the FTX Arena at Thursday’s Miami Heat season opener game against the Milwaukee Bucks. As well as the crypto giveaway, every fan in the stadium received a T-shirt with a QR code giving access to an exclusive ‘Opening …
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17% of addresses snapped up 80% of all Ethereum NFTs since April
Open source blockchain analytics firm Moonstream published a report which found that around 17% of addresses control more than 80% of all NFTs on Ethereum. The report was published on Oct. 21 and the analysis was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and Sept. 25, 2021. …
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Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts
The ProShares Bitcoin Strategy ETF is on track to reach a limit on the number of futures contracts it’s allowed after quickly becoming a little too popular. After just a couple of days of trading, the ProShares ETF has reached 1,900 contracts sold for October and there is 2,000 front-month limit imposed by the Chicago …
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Major DeFi founders back play-to-earn game that hopes to be next Flappy Bird
A new play-to-earn (P2E) blockchain game that hopes to emulate the addictive success of 2013 mobile phenomenon Flappy Bird has drawn backing from some of DeFi’s biggest names. Kain Warwick from Synthetix, Stani Kulechov from Aave, Tyler Ward from Barnbridge, angel investor Santiago Santos (ex-ParaFi Capital) and 0xmaki from Sushi joined a pre seed round …
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Ripple CEO says the SEC helped Ethereum to overtake XRP as No.2 crypto
Ripple chief executive Brad Garlinghouse has been airing his thoughts over the state of the crypto market and regulations, and a grudge over the financial regulator’s approach to Ethereum appears to have surfaced. Speaking at the DC Fintech Week virtual conference on Oct. 21, the Ripple boss declared that Ethereum had been granted a regulatory …
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Three futures indicators that are supporting BTC along its new ATH
Market sentiment is strongly bullish, since the start of October its price has gained more than 50% without taking a single correction yet. At IntoTheBlock we have analyzed three key indicators that provide interesting insights into how the crypto market could be positioned for the next move. Transactions volume up 7x since previous ATH Since …
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Is Ripple annoyed over the SEC’s decision to approve a Bitcoin ETF?
The U.S Securities and Exchange Commission (SEC) made history last week by greenlighting a Bitcoin Futures ETF from ProShares. Speaking on Fox Business, Ripple CEO Brad Garlinghouse said the decision could be good for XRP, as it demonstrates that at least one cryptocurrency has clarity and certainty. But post-interview, sharing his thoughts on the matter, …
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Solana’s Wormhole user interface support for Terra (LUNA) has arrived
Wormhole, a cross-chain interoperability protocol that connects high-value blockchains, has recently added user interface (UI) support for the Terra (LUNA) network. A single unified interface will enable users to seamlessly transfer tokens between Terra, Ethereum, Solana, and Binance Chain. Since the Wormhole cross-chain bridge is planned to replace Shuttle, the Terra-Ethereum bridge will eventually become …
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AllianceBlock and the Intelligent Design of DeFi 2.0
When Bitcoin first came out it was a novelty within the cypherpunk community, driven by strong views and ideals that tried to address the flaws in traditional banking. This tension of ideals made it seem that the two are not destined to mix. As a result, Bitcoin was rejected by the mainstream banking establishment until …
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Russian regulators want to mine crypto through wasted flare gas
Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, Kommersant. Gas flares for crypto mining According to the Kommersant report, it revealed that it …
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Next-Generation Cryptocurrency LTNM to List on FMFW.Io Exchange (Formerly Bitcoin.com Exchange)
press release PRESS RELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This represents a milestone for both parties – one …
FTX Raises $420 Million in Series B-1 — Crypto Exchange Commands $25 Billion Valuation
The digital currency exchange FTX Trading Limited announced the firm has raised more than $420 million in a Series B-1 fundraise. The capital raise follows the crypto exchange’s financing round at the end of July when FTX raised $900 million. After the raise was announced on October 21, FTX said the firm’s estimated valuation is …
$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says
Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment …
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Tesla Hodls Bitcoin in Q3, Elon Musk Tweets BTC at $69K Meme
Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin …
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