An analyst at Fundstrat Global Advisors says that a new Bitcoin (BTC) exchange-traded fund (ETF) could bring in as much as $50 billion in its first year and further drive up the price of the benchmark cryptocurrency. According to Fundstrat Global Advisors co-founder Tom Lee, demand for the ProShares exchange-traded fund could deliver higher first-year …
Yearly archives: 2021
Inflation fears or ETF driving Bitcoin price? The Market Report is live with Big Cheds
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at …
Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether
The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto. According to a Thursday Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to execute the purchase of $25 million in Bitcoin (BTC) and Ether (ETH). Public records through …
Solana gains over 26% in two days — $250 SOL price target next?
Solana’s SOL coin rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins. Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept. 11. Combined with the gains recorded in the previous 36 hours, SOL was up by …
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NFT company Candy Digital valued at $1.5B following $100M Series A
Nonfungible token (NFT) company Candy Digital has secured $100 million in funding to expand its product footprint and creative capabilities, marking another major milestone for the rapidly growing NFT market. The funding will be used to expand Candy Digital’s NFT product offerings across the global sports marketplace, including creating new fan experiences, the company announced …
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F1 team McLaren launches NFT fan experience on Tezos (XTZ)
Sweet, a leading enterprise NFT solutions provider, announced the integration of Tezos, an energy-efficient Proof of Stake blockchain network, to the Sweet NFT platform. Tezos speeds up its NFT game The inaugural Tezos collection on the Sweet NFT Platform unveils an extensive and highly-gamified McLaren Racing Collective NFT fan experience. McLaren Racing fans will be …
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The Graph expands into Polkadot, Kusama ecosystems with Moonriver support
The Graph goes live on Moonriver (MOVR), as the powerful indexing protocol further expands into the Polkadot (DOT) and Kusama (KSM) ecosystems. The Graph (GRT) is a decentralized, open-source infrastructure protocol designed to collect, process, and store blockchain data, initially launched on the Ethereum (ETH) blockchain. The protocol enables storing of the collected and analyzed …
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Coinbase becomes official partner of NBA as crypto goes mainstream
Coinbase is now the official crypto platform to the National Basketball Association (NBA) and Women’s National Basketball Association (WNBA), according to an announcement made yesterday. Coinbase is now the official partner of NBA According to the announcement, the deal is geared towards increasing awareness around blockchain and also helping to grow the crypto economy. Thus, …
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Crypto firm Crypto.com extends sub-accounts to its derivatives exchange
Crypto.com announces NFT platform with exclusive content from mainstream artists Crypto dot com is launching a non-fungible token platform called Crypto NFT, where artists, musicians, and athletes can promote exclusive content for their fans. 2 min read → Go to Source
CryptoMeister explains why Taproot is so important
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › Bitcoin hasn’t had a major upgrade since 2017, when it implemented SegWit. This last upgrade created havoc in the Bitcoin community, leading to a group of miners and developers pulling away in the form …
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As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%
The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, …
Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High
After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum …
Nigerian Agency Refuses Blockchain Start-Up Application — Says Tech Not Recognized by Government
Nigeria’s company registration agency, the Corporate Affairs Commission (CAC), reportedly rejected an application for registration by a start-up on the basis that blockchain is yet to be recognized by the Nigerian government. Decision Disappoints Blockchain Community According to a report, the unnamed start-up, which is building an API connection for blockchain gaming rewards, was told …
Crypto Giant Grayscale Officially Files To Convert Nearly $40 Billion Bitcoin Trust Into an ETF
Digital currency asset manager Grayscale Investments is announcing plans to convert its Bitcoin (BTC) trust into an exchange-traded fund (ETF). Grayscale says it wants to transform the 2013-launched Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. The value of GBTC’s assets under management is close to $40 billion, according to Grayscale. ADVERTISEMENT The application …
Crypto remittances see adoption, but volatility may be a deal breaker
Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream. The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by …
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