Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said. “I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more sinister and threatening than it appears on the surface,” the Liberal Senator for …
Monthly archives: November 2021
Record-high inflation prompts investors to take a closer look at Bitcoin
Consumers in the United States and around the world continue to feel the pinch of inflation and recent data shows that the Consumer Price Index (CPI) rose 6.2% in October when compared to last year, a development which further cast doubt on the “transitory” inflation narrative coming out of the Federal Reserve. Inflation at 6.2% …
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Institutional Investors Pouring Millions Into Surprise Altcoin As Bitcoin Year-to-Date Inflows Hit New Record: CoinShares
Institutional investors are shifting the amount of capital they’re allocating to the crypto markets, with a surprise altcoin suddenly on their radar. According to the digital asset management firm CoinShares, crypto investment products enjoyed a 12th consecutive week of inflows from institutions. Seemingly out of nowhere, Tron (TRX) surged near the top of the altcoin …
Bitcoin To Remain King, but Rest of Crypto Markets Could Be Anyone’s Game: Kraken CEO Jesse Powell
Jesse Powell, CEO of crypto exchange Kraken, says that Bitcoin (BTC) won’t be unseated anytime soon. In a new interview with Yahoo Finance, Powell says that while BTC will remain the go-to crypto from a store-of-value perspective, Ethereum (ETH) may have some competition in the smart contract realm. “I think Bitcoin is still the best …
Solana Poised To Add Millions of New Users As It Teams Up With Privacy-Focused Browser
In a move that will integrate high-performance blockchain wallets and privacy-focused browsers, smart contract platform Solana (SOL) announced a business partnership with Brave browser. Brave says in a press release that Solana will get access to over 40 million users on the browser, as well as over one million creators. “Brave will integrate the Solana …
Retail Giant Media Markt Hit With $50,000,000 Bitcoin Ransomware Demand in Alleged Attack: Report
Europe’s largest consumer electronics chain is being targeted in a ransomware attack demanding tens of millions of dollars worth of Bitcoin (BTC). According to BleepingComputer, German-based retailer Media Markt is the victim of a scam where bad actors stole its data and initially demanded nearly a quarter of a billion dollars worth of BTC. The …
The city of Philadelphia rolls out its own blockchain initiative
City of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to bring blockchain technology to city government on Monday. The project has invited people working in the blockchain and smart contracts space to contact staff working on the project to see how crypto technology could be useful within municipal government. Wheeler tweeted that he …
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Bitcoin price briefly hits $69K ATH before plummeting back to Earth
Bitcoin price hit another all-time high at $69,000 as Ether continued its long slog toward $5,000 after reaching a new high at $4,868 earlier today. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly-$7,000 drop which plunged BTC price below $63,000. Interestingly, this morning’s breakout initiated right as a …
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DEXs like Uniswap, PancakeSwap, and Curve saw a 550% growth last year
A new Chainalysis report has revealed that decentralized exchanges (DEX) are currently outgrowing their centralized counterparts as their numbers have spiked massively within the last year. Decentralized exchanges outgrow centralized exchanges According to the Chainalysis report, DEXs such as Uniswap, Curve, and PancakeSwap saw a growth of about 550% between August 2020 to 2021. Aside …
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Nigeria’s central bank orders closure of crypto-related accounts
Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency. CBN orders banks to close crypto trader accounts The CBN, on November 3, released a circular signed …
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Gemini’s Stephanie Ramezan shares why a spot Bitcoin ETF is critical and needed
3iQ expects to launch Bitcoin ETF this quarter after “favorable” ruling from Canada’s top securities regulator The Ontario Securities Commission (OSC) has ruled to allow crypto fund manager 3iQ to issue a prospectus for its prospective exchange-traded Bitcoin fund, signaling that Canada’s top securities regulator may be about to approve the launch of the nation’s …
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While BTC Skyrocketed to $69K, Whale From 2013 Transfers $147 Million Worth of ‘Sleeping Bitcoins’
Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Both of these massive transactions took place on the same day bitcoin reached an all-time price high at $69,000. 2013 Whale Transfers 2,207 Bitcoin Worth …
MUNCH Hits Record-Breaking 1000 ETH Charity Donation Milestone
press release PRESS RELEASE. Charity donation project MUNCH announces the ground-breaking milestone of donating over 1000 ETH to various charitable projects, making MUNCH the world’s leading charitable crypto project. MUNCH is a Defi project that incorporates automatic donations into financial transactions. 3% of every MUNCH transaction is diverted, automatically converted to ETH, and then routed …
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Largest Stablecoin by Market Cap Tether Launches on the Avalanche Network
The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there’s more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset …
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Record Producer Steve Aoki and Spawn Creator Todd McFarlane to Launch Solana-Powered NFT Market
On November 9, the two-time Grammy-nominated producer and DJ, Steve Aoki, announced a new partnership with the popular comic book artist and Spawn creator Todd McFarlane. The two plan to launch a non-fungible token (NFT) marketplace that leverages the Solana blockchain. The NFT marketplace will be called Odd Key and Aoki and McFarlane aim to …