In the blockchain industry, partnerships and strategic collaborations are essential for industry growth and expansion. With the boom of the relatively young decentralized finance (DeFi) and non-fungible token (NFT) market, projects need to collaborate to consolidate on the rise and further drive the market higher. There have been several notable partnerships within the blockchain industry, …
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Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet. Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.” In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the …
Continue reading “Diem tells Senators on the warpath over Novi: We’re not actually Facebook”
Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, on opening day, according to Business Insider. Wood said about the ETF’s debut: “No, we did not [invest]. We’re looking at this very carefully […] there are some tax ramifications we’d like to understand more …
Continue reading “Ark Invest founder Cathie Wood passed on buying the first Bitcoin Futures ETF”
Coinbase is adding two altcoins built on Ethereum to its ever-expanding suite of crypto assets. After initially only being available on Coinbase Pro, ARPA Chain (ARPA) and Perpetual Protocol (PERP) are now open for trading on the company’s main retail trading platform and mobile applications. ADVERTISEMENT ARPA is the token that powers ARPA Chain, …
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Bullish sentiment is running high across the cryptocurrency market on Oct. 20 as Bitcoin’s (BTC) surge to a new all-time high at $67,000 thrust the digital asset into uncharted territory and investors are closely watching to see how altcoins and DeFi tokens react to the move. Crypto Fear & Greed Index. Source: Alternative.me The DeFi …
Continue reading “Following Bitcoin’s all-time high, DeFi TVL hits a record high above $233B”
Bitcoin (BTC) surged to a new all-time high today, hitting close to $67,000. Ether (ETH) also broke above its immediate resistance and has started its march toward the all-time high. This pushed the total market capitalization of the crypto sector to a new all-time high above $2.64 trillion. The successful debut of the ProShares’ Bitcoin …
Continue reading “Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI”
Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of the creditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed …
Two founders of a cryptocurrency firm that defrauded investors are facing up to half a decade in prison for tax evasion. According to the U.S. Attorney’s Office in the Northern District of Texas, Bruce Bise and Samuel Mendez founded crypto company Bitqyck and held an initial coin offering (ICO) in 2016, raising approximately $24 million …
Bloomberg Intelligence’s senior commodity strategist Mike McGlone says that Bitcoin (BTC) adoption will continue to siphon off market share from more traditional assets such as gold. In a new interview with BNN Bloomberg, the analyst says he is not completely bearish on gold, but recognizes that Bitcoin is the currency of the younger digital generation. …
Macro guru Raoul Pal says that federal regulations on crypto investing are inconsistent with existing laws in other areas. In a new interview, the Real Vision chief executive officer says that it makes little sense for regulators to allow consumers to risk losing all of their money in Las Vegas while also keeping a close …
The U.S. Treasury Department is contending that cryptocurrencies stunt sanctions efforts and threaten national security, foreign policy, and economic interests. The warning comes after a six-month Treasury Department review of the country’s sanctions program and policies. ADVERTISEMENT The seven-page report details how international actors are already reducing their exposure to the US financial system. “American …
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Fixed-income manager Pimco is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class. In an interview with CNBC on Wednesday, CIO Daniel Ivascyn confirmed that Pimco already has …
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The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange. In an Wednesday announcement, Iconic Funds said it expected to list its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days,” with the fund offering direct exposure …
After hitting a new all-time high price approaching $67,000 earlier on Wednesday, the market capitalization of Bitcoin briefly surpassed the total market cap of the Swiss franc. According to data from Fiatmarketcap, Bitcoin’s market cap was more than $1.263 trillion when the price of the crypto asset reached an all-time high of roughly $67,000 earlier …
Continue reading “Bitcoin briefly flippens Swiss franc after rally to new ATH”
Crypto markets are in an absolute state of euphoria after Bitcoin (BTC) caught a bid and hit a new all-time high at $67,000. Bitcoin’s surge to $67,000 also helped to spark double-digit gains for multiple altcoins as the age-old adage of a rising tide lifting all boats appears to be in full effect. Top 7 …
Continue reading “Altcoins take the next leg up as the total crypto market cap tops $2.63 trillion”
