Illinois-based financial services company First Midwest Bank’s trust division has reported it held 29,498 shares of Grayscale’s Bitcoin Trust as of the second quarter of 2021. According to an institutional investment manager holdings report filed by the First Midwest Bank Trust Division to the U.S. Securities and Exchange Commission, the company increased its shares of …
Yearly archives: 2021
Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use
The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism. By no longer depending on the intense …
Santander’s UK arm follows Barclays in banning payments to Binance
Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority. Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the world’s biggest crypto exchange in an effort to prevent fraud. The bank …
Continue reading “Santander’s UK arm follows Barclays in banning payments to Binance”
Balancer launches stable pools for like-kind swaps
Balancer, a popular automated market maker for cryptocurrencies, has launched a new protocol feature designed to lower fees and improve the trading execution for like-kind waps. Stable pools “are designed specifically for assets that trade at a similar price,” wrote Fernando Martinelli, the co-founder and CEO of Balancer Labs. As such, the pools increase capital …
Continue reading “Balancer launches stable pools for like-kind swaps”
Bitcoin’s Legal Tender Status in El Salvador May Invite Sanctions, Says Top Economist – Here’s Why
Steve Hanke, a professor of applied economics at John Hopkins University, says that El Salvador’s adoption of Bitcoin as a legal tender places the country at risk of sanctions. ADVERTISEMENT Hanke, who is also the director of the Troubled Currencies Project at the Cato Institute in Washington D.C., says that the step El Salvador …
Goldman Sachs Analyzes Ethereum, Says Second-Largest Crypto Asset May Pose Serious Challenge to Bitcoin
Goldman Sachs says that Ethereum (ETH) could replace Bitcoin (BTC) as the dominant digital store of value. In a new note to clients, the financial giant says that while BTC has the stronger brand, Ethereum likely has the highest number of real use cases, reports Business Insider. ADVERTISEMENT But the bank does not see …
Thailand’s central bank warns against using digital currencies for payments
The Bank of Thailand has issued a warning to crypto holders who use their digital assets as a medium of exchange, saying if these practices become widespread it may take strong regulatory measures. In a Thursday statement, the central bank said anyone who engaged in the trade of digital assets for goods and services, as …
Continue reading “Thailand’s central bank warns against using digital currencies for payments”
Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early July, according to data from Cambridge Bitcoin Electricity Consumption Index (CBECI). This is the lowest energy consumption rate recorded since early November 2020. At the time …
Continue reading “Bitcoin electricity consumption falls to November 2020 levels: Data”
Ethereum’s Conflicting On-chain Metrics Hint at a Retest of $1,750
Ethereum’s current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could be …
Continue reading “Ethereum’s Conflicting On-chain Metrics Hint at a Retest of $1,750”
Zilliqa-ETH Bridge is Now Live on Testnet, Community Testing Now Open
Zilliqa’s bridge to Ethereum is now live on Testnet Beta testing of the bridge is now open to the Zilliqa and Ethereum communities The team at Zilliqa is providing incentives for community feedback with suggestions ZIL/USDT is however still in bearish territory amidst an uncertain Bitcoin The highly anticipated bridge between the Zilliqa and Ethereum …
Continue reading “Zilliqa-ETH Bridge is Now Live on Testnet, Community Testing Now Open”
Listed company loses $17 million on Bitcoin. Makes $14 million on Ethereum instead
Meitu, a software tech company based in Hong Kong, has said that it recorded a loss of $17.3 million on its Bitcoin portfolios, while in contrast, it recorded a $14.7 million gain on its Ethereum investment. The software firm had made the headlines earlier in the year when it made a substantial investment into the …
Crypto.com becomes the UFC’s first official crypto platform partner
UFC, the world’s premier mixed martial arts organization, and Crypto.com announced a long-term partnership yesterday as part of a strategic move for the latter to connect with mainstream consumers. 🚨BIG NEWS🚨@UFC & https://t.co/vCNztABJoG announce historic partnership ✅ https://t.co/vCNztABJoG is UFC’s 1st Official Crypto Platform Partner 🥊✅ https://t.co/vCNztABJoG is also UFC’s 1st Global Official Fight Kit …
Continue reading “Crypto.com becomes the UFC’s first official crypto platform partner”
‘BitScam’ and ‘CloudScam’ end up scamming 93,000 Bitcoin and Ethereum users
Lookout, an integrated endpoint-to-cloud security company, today announced the discovery of major crypto mining scams using hundreds of Android apps, as per a release shared with CryptoSlate. What. How. And Where? Categorized into two distinct Android app families, BitScam and CloudScam, these apps were designed to target people interested in cryptocurrencies. In total, security researchers …
Continue reading “‘BitScam’ and ‘CloudScam’ end up scamming 93,000 Bitcoin and Ethereum users”
EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement …
Continue reading “EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest”
US Senator Warren Presses SEC to Use ‘Full Authority’ to Regulate Cryptocurrency Trading
U.S. Senator Elizabeth Warren has warned of the growing risks of cryptocurrency trading. She recently called on the U.S. Securities and Exchange Commission (SEC) to “use its full authority to address these risks,” adding that “Congress must also step up to close these regulatory gaps.” US Senator Warren Presses SEC to Step Up Crypto Oversight …