U.S. lawmakers have called on the Securities and Exchange Commission (SEC) to approve bitcoin spot exchange-traded funds (ETFs). Since the SEC has approved the trading of bitcoin futures ETFs, the lawmakers said it “should no longer have concerns with bitcoin spot ETFs and should show a similar willingness to permit the trading of bitcoin spot …
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Australian fund management company BetaShares’ new crypto company ETF smashed Australian Securities Exchange (ASX) records within the first 15 minutes of listing. The Capital Appreciation Portfolio Diversification (CRYP) fund enables investors to gain exposure to 50 pure-play listed crypto companies from around the world such as exchanges, mining companies and equipment firms. Some of the …
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One of the ANZ bank’s senior executives has told a Blockchain Australia forum that the crypto sector has grown too big to be ignored by traditional finance. The comments came a day after rival Commonwealth Bank announced that it would roll out crypto trading services for 10 digital assets via its Commbank app. The “State …
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It was a quiet week in the mainland as much of the Chinese crypto community was either lying low, off in Lisbon, or …
New York Democrat Mayor-elect Eric Adams revealed on Twitter today he intends to take his first three paychecks in Bitcoin. Adams also doubled down on his plans to make New York the “center of the cryptocurrency industry” after he takes office in January. The clear statement of political support for cryptocurrency came in response to …
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Blockchain Global (BGL), the parent company of the now-defunct Australian crypto exchange ACX, has collapsed with outstanding debts of $15 million. On Sept. 13, The Victoria Supreme Court placed a freeze order on 117.33 Bitcoin (BTC) —worth around $7.1 million — held by two companies behind the exchange, BGL and ACX Tech. Three days later …
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DYOR – or ‘do your own research’ – is a concept I think every investor should know about. It’s as close to a golden rule as anything in the world of crypto, but it applies even more broadly to anything you’re planning to invest in – from Bitcoin and bonds, to stablecoins and stocks. Earlier this week, the anonymous …
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Popular crypto trader Michaël van de Poppe is taking a look at the state of Bitcoin, Ethereum and Cardano. Van de Poppe tells his 469,000 Twitter followers that a bullish divergence may be forming for the smart contract platform Cardano (ADA). Van de Poppe notes that Cardano’s previous high from March may be turning into …
A prominent crypto trader says that he’s identified the final level Bitcoin (BTC) needs to hurdle before sparking a massive rally. Inmortal tells his Telegram subscribers that the $64,000 level is Bitcoin’s “final boss” before it expands and never looks back. However, he says the top crypto could dip before pushing past its final foe. …
Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson …
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As reported by Reuters Thursday morning, Tierra Viva (“Alive Earth”), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a …
Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks (an artifice …
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High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.” Fast forward to November 2021 and the simple act of …
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If everything goes as planned, we can expect to see Wrapped XRP (wXRP) on Ethereum blockchain before the end of the year, according to an announcement made by Wrapped.com, a cross-chain wrapped assets service provider. XRP to be on Ethereum blockchain by December The announcement revealed that the Wrapped XRP (wXRP) would be backed 1:1 …
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Research by consumer intelligence firm CivicScience reveals low-paid workers are quitting their jobs as a result of their crypto profits. In April, a record number of U.S workers quit their jobs. This trend has continued in the subsequent months, leading to what the Economist calls “the Great Resignation.” The pandemic has changed how people think …
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