A high-profile blockchain lobby group is urging United States lawmakers to adopt a “technology-neutral” approach when it comes to stablecoin regulation, arguing that dollar-pegged cryptocurrencies do not pose a system risk to the financial system. In a 17-page letter addressed to the President’s Working Group on Financial Markets, which includes regulators from the Department of …
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Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon, and Bitcoin could be the best hedge against inflation. With the United States government continuing to stimulate the economy, Icahn stated that he fears the dollar is becoming more devalued and that the price of goods is rising. “In …
Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office. In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease any and all such …
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Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap Sameep Singhania is a blockchain and software engineer, who has worked on several projects, including Bonded Finance and ParaSwap, but hit the DeFi nail on the head when he and his team, frustrated by the growing Ethereum (ETH) fees, built QuickSwap (QUICK), …
Continue reading “Arbitrage bot on Polygon (MATIC) makes 218 ETH (or $828,000) in profits”
The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund (BITO) …
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On Tuesday, Concierge.io, the exclusive travel service backed by Travala.com announced it added new luxury services in order to give crypto investors “a more premium experience to live out their travel dreams.” The concierge service for “the crypto world’s elite” details its added experiences like a seven-star igloo in Antarctica, all-inclusive African safaris, and a …
press release PRESS RELEASE. Chimeras successfully raised over $2 million in its latest fundraising round, which will help to fund the play-to-earn project’s market and product development. October 18th, 2021 – The Chimeras Play-to-Earn metaverse project has completed its funding round with the participation of leading blockchain venture companies, including Master Ventures, AU 21, Poolz, …
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The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its own activities. Iran Preps Pilot …
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Prior to the launch of the Proshares Bitcoin Strategy ETF (BITO), open interest in bitcoin futures products has been surging since the start of the month, according to data from the Coinbase Institutional arm Skew Analytics. Binance and FTX command the lion’s share of bitcoin futures’ open interest with 40.67% of the market. Moreover, data …
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Cyber security company Sophos says that iPhone users should be on the lookout for a new type of crypto scam emerging on the Apple App Store. Sophos says the scam dubbed CryptoRom entices potential victims into installing fake crypto trading apps. The scammers initially approach their victims on dating platforms. ADVERTISEMENT “Victims are contacted …
Social media giant Facebook is launching the Novi crypto wallet today in the United States and Guatemala. The initial rollout only allows users to trade the Paxos Dollar (USDP) stablecoin, which is secured by Coinbase. ADVERTISEMENT An announcement on the Coinbase Blog says, “Novi users’ funds will be held within Coinbase Custody Trust Company, …
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Digital asset analytics firm Santiment says that traders should keep a close eye on one on-chain metric that can potentially signal major rallies for meme crypto asset Shib Inu (SHIB) Santiment tells its 109,100 Twitter followers to watch the number of SHIB whale transactions exceeding $100,000. ADVERTISEMENT “When these transactions come in bunches, price …
Widely followed crypto trader and market analyst Lark Davis believes that Bitcoin (BTC) is shaping up for explosive growth next year. In a new video, Davis tells his 444,000 YouTube subscribers that recent Bitcoin accumulation by long-term holders indicates that 2022 “may be more bullish than anyone can possibly imagine.” ADVERTISEMENT Looking at a …
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Pop icon Mariah Carey is the latest celebrity to embrace Bitcoin (BTC) through the Winklevoss-led Gemini cryptocurrency exchange, offering another sign that digital assets are becoming mainstream. In a video message to her 10.2 million Instagram followers, Carey announced Tuesday that she is partnering with Gemini to boost Bitcoin adoption and support girls of color …
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The rapidly evolving realm of decentralized finance (DeFi) has brought a new level of utility and value to the cryptocurrency ecosystem in 2021 but has also provided nefarious actors with numerous exploits in siphoning profits and tokens away from unsuspecting investors. In the past few days, KeeperDAO (ROOK), a DeFi protocol that allows participants to …
Continue reading “Bottom-buying traders and new governance features back KeeperDAO’s 118% rally”
