We bring you the top headlines impacting the blockchain and crypto space on 29/10/21 so you can stay informed and updated on the latest information. During the third quarter, the business intelligence company MiscroStrategy had acquired a massive chunk of almost 9000 of the world’s biggest and most expensive cryptocurrency, the Bitcoin. In their Q3 …
Continue reading “DAY LONG NEWS ROUNDUP: LATEST NEWS 29/10/21”
Crypto trader Aaron Arnold is naming his top altcoin picks for the month of November. In a new YouTube video, the Altcoin Daily host says he anticipates Polygon (MATIC) to surge as companies like Twitter work on projects that require Ethereum layer-2 scaling solutions. ADVERTISEMENT “Polygon is breaking out, targeting new record highs. MATIC looks …
Grayscale could launch its Bitcoin (BTC) exchange-traded fund (ETF) as soon as July 2022, one of its executives has said. Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale global head of ETFs David LaValle gave a nine-month timeline for approval by United States regulators. Grayscale: Now’s the time to file for …
Continue reading “Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40B AUM”
The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance. On Oct. 29, the regulator released a set of regulatory requirements for funds looking to offer crypto ETPs, including exchange-traded funds (ETFs) and structured products, following months of industry consultation initiated in late …
Continue reading “Australian securities regulator issues guidelines for crypto ETPs”
Ethereum temporarily traded above $4,400 this morning, breaching its previous all-time high of $4,390 before resistance saw it fall to the $4,313 level. ETH trades above its 34-period exponential moving average at press time and forms higher lows and higher highs, showing a bullish trend from the $3,000 level remains intact. Image: ETH/USD via TradingView. …
Continue reading “What’s powering Ethereum’s (ETH) new all-time high of $4,400?”
The US Securities and Exchange Commission (SEC) instructed at least one asset manager to shelve plans for a leveraged Bitcoin (BTC) exchange-traded fund (ETF), the Wall Street Journal revealed in a recent report. The regulator signaled it wants to limit new Bitcoin-related investment products to those that provide unleveraged exposure to Bitcoin futures contracts, such …
Continue reading “US SEC said to shy away from levered and inverse Bitcoin futures ETFs”
As the number of Shiba Inu (SHIB) retail investors continues to grow, based on its impressive daily trading volume, the “Dogecoin Killer” is currently snuggled up in the second place, between the world’s two largest cryptocurrencies. SHIB’s $43,082,944,240 pumped 24-hour volume puts the meme-based crypto just one step behind Ethereum (ETH), with $123,800,913,800, and one …
Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next five years. Kazakhstan Makes Millions From Cryptocurrency Miners Kazakhstan’s …
Continue reading “Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest”
Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its history, being exploited for $36 …
Cardano founder Charles Hoskinson recently confirmed he had signed a memorandum of understanding (MOU) with the government of Burundi. This MOU agreement is Hoskinson’s first major preliminary agreement he has secured since kickstarting Cardano’s African tour in mid-October, 2021. Meetings With Burundi and Zanzibar Leaders Before traveling to Burundi, Hokisnson had visited Zanzibar where he …
On Thursday, South by Southwest (SXSW) Conference and Festivals announced the company will be minting the first SXSW NFT, and at the 2022 festival in Austin, Texas, participants will be able to tokenize their work using NFT technology. SXSW’s 2022 festival will be held on March 11-20 and will feature a major on-site NFT workshop …
Continue reading “SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants”
Crypto analyst Justin Bennett is looking at how Bitcoin (BTC), Ethereum (ETH), and three other altcoins will move after BTC tumbles from its all-time high. As Bitcoin threatens to plunge below $60,000, the founder of Cryptocademy says he sees a “ton of confluence” for the largest crypto asset by market cap around $55,000. ADVERTISEMENT …
The Russian cryptocurrency market has grown to hundreds of billions of dollars despite the absence of sufficient cryptocurrency regulation, according to a major industry executive. Sergei Khitrov, founder of the Russian cryptocurrency event Blockchain Life, gave a keynote speech on the state of cryptocurrency regulation in Russia at the VII Blockchain Life Forum in Moscow …
Continue reading “Russian crypto market worth $500B despite bad regulation, says exec”
The East Java branch of one of Indonesia’s largest Islamic organisations Nahdlatul Ulama (NU) has issued a Fatwa deeming the use of cryptocurrency ‘haram’, or forbidden, under Islamic law. A Fatwa is a nonbinding legal opinion on Islamic law, which is reached through a discussion called a bahtsul masail. Representatives from the Nahdlatul Ulama (PCNU) …
Continue reading “Major Indonesian Islamic organization declares crypto ‘haram’ — or forbidden”
Greenidge Generation LLC, an upstate New York-based Bitcoin (BTC) mining firm has reportedly threatened legal action over repeated “demonstrably false” claims from local activists. Greenidge mines BTC at its gas-fired power plant near the Seneca Lake in Dresden, and the firm has been locked in a long-running battle with activists who allege that the firm’s …
Continue reading “Fight over Greenidge miner’s legal threats to activists over ‘false’ claims”
