Accelerate Financial Technologies is planning to match each investment in its pending Bitcoin exchange-traded fund with the planting of thousands of trees. According to a Friday report from Bloomberg, the Calgary-based investment services company has pledged to plant 3,450 trees for every $1 million CAD — roughly $792,000 at the time of publication — invested …
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Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private companies own roughly 0.83% of the cryptocurrency’s supply. It’s clear that …
Continue reading “Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA”
Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? “We are in the top half of …
Continue reading “Still too early to know if Bitcoin will remain top dog, Wall Street vet says”
As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming from companies like Facebook and Epic games. However, not everyone — even those …
Continue reading “Cointelegraph Consulting: Going down the Metaverse”
Brazilian Federal Police say they’ve recovered more than $27,600,000 in Bitcoin (BTC) following a series of alleged Ponzi schemes run by one company. A Rio de Janeiro-based company headquartered in the region of Lagos was allegedly operating a system of financial Ponzi schemes and used Bitcoin to steal from its victims. ADVERTISEMENT In a …
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A major consensus bug has affected more than half the Ethereum network’s nodes, causing those running older versions of Geth to split from the main network. According to Ethereum software developer Marius van der Wijden, an unknown individual or group exploited a vulnerability affecting earlier versions of Geth, one of Ethereum’s software clients. According to …
Continue reading “Bug in Ethereum client leads to split — EVM-compatible chains at risk”
The U.S. Securities and Exchange Commission has reportedly signed a $125,000 deal with blockchain analytics firm AnChain.AI to help monitor and regulate the decentralized finance industry. According to a Friday report from Forbes, an AnChain.AI company spokesperson confirmed the agreement with the federal regulator, saying the SEC and blockchain firm had the option to sign …
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Solana (SOL) prices printed another milestone of nearly $85 high on Aug. 27 as traders assessed a flurry of optimistic fundamentals, including Solana’s potential foray into Wall Street. On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New …
Bitcoin (BTC) gained almost $1,500 in under an hour on Aug. 26 after an “uber dovish” speech by Federal Reserve Chair, Jerome Powell. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action charges upwards Speaking at the virtual Jackson Hole annual symposium, Powell hinted that the Fed would begin to reduce its asset purchases …
The Middle East and North Africa regions are relatively new to discovering crypto trading and blockchain technology, but adoption is underway. It seems that the adoption of these technologies by companies and the public in both the Middle East and North African regions is growing exponentially, especially with the acceptance of digital money trading and …
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Chinese tech company Meitu, which made several investments in the two largest cryptocurrencies between March and April of 2021, revealed its impairment loss on Bitcoin holdings in a recent interim results announcement. The Hong Kong Stock Exchange-listed photo editing company holds millions of dollars worth of Bitcoin (BTC) and Ethereum (ETH) as part of its …
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U.K monetary watchdog, the Financial Conduct Authority (FCA), said Binance “is not capable of being effectively supervised.” Adding that, within the context of offering complex and high-risk financial products, this poses a significant risk to consumers. The watchdog published the comments in a “Supervisory Notice” dated June 25, 2021. They later updated this document on …
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Cryptocurrency veteran Bobby Lee is identifying what he thinks are the main factors that could stop Bitcoin’s price from hitting $1 million in the next three to five years. While exploring the probability of China declaring Bitcoin illegal, Lee says that such a ban is unlikely to occur in 2021, but that it could happen …
Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move. PlanB focuses on “key” remaining months …
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The latest news has left the decentralized finance community in a collective fetal position. Responding to the threat of increased regulatory oversight, leading decentralized exchange Uniswap recently restricted the trading of certain tokens. Earlier in July, Dan M. Berkovitz, chairman of the Commodity Futures Trading Commission (CFTC), said that DeFi derivatives platforms might contravene the …
Continue reading “The new episode of crypto regulation: The Empire Strikes Back”
