Reports are emerging that the U.S. Securities and Exchange Commission has rejected one, or possibly two, recent Bitcoin exchange-traded fund applications signaling that the regulator is not quite ready for more exotic futures products just yet. Just a day or so after Valkyrie filed for a leveraged Bitcoin futures ETF and Direxion applied for an …
SEC reportedly knocks back Valkyrie’s leveraged Bitcoin ETF Read More »
A wallet has conducted what it’s believed to be the biggest trade of all time performed by an individual: it bought $8,000 of Shiba Inu (SHIB) last August, which is now worth $5.7 billion. According to a tweet published by Morning Brew, the investment came from $8,000 to $5.7 billion in just 400 days. “We …
Bitcoin price failed to stay above the $60,000 level against the US Dollar. BTC is consolidating losses and it remains at a risk of more downsides below $58,000. Bitcoin extended its decline below $62,000 and $60,000 support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a …
Bitcoin Dives Below $60K, Why Bulls Could Struggle In Short-Term Read More »
Sam Bankman-Fried’s exchange company FTX is one of the companies that will have an ad featured in the February 2022 Super Bowl. The company is reported to have bought an ad slot for the event that will be held at the SoFi Stadium in California. The specifics of the deal, including the sum used to complete …
Crypto exchange FTX buys slot to advertise during the Super Bowl Read More »
The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. Indian Crypto Law Could Comes as Early as February The Indian government …
Indian Crypto Regulation Is Planned for February: Report Read More »
The European Central Bank (ECB) has announced the new members of the Market Advisory Group for the forthcoming digital euro project. According to the press release, the ECB has appointed 30 senior professionals with experience in the retail payments market across the region. The group will be named ‘The Eurosystem’s High-Level Task Force on Central …
ECB Appoints 30 Members for the Digital Euro Market Advisory Group Read More »
Data shows greed in the crypto market has spiked to seven-month highs as coins record new all-time highs (ATHs). Crypto Fear And Greed Index Points At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index has recorded seven-month highs as the needle points at extreme greed. The “fear …
Greed Spikes To Seven-Month High Alongside Record Crypto Prices Read More »
On Tuesday, the Chairperson of the US Federal Deposit Insurance Corporation, Jelena McWilliams, said that the agency is on the path of establishing clear guidelines for the interaction between crypto and banking activity in the US. Addressing attendees of the Money 20/20 conference held in Las Vegas, she explained that her regulatory role in crypto requires …
FDIC exploring the possibility of letting banks hold crypto Read More »
On January 3, 2022, the Bitcoin network will be celebrating its 13th year of life after its creator Satoshi Nakamoto kick-started the protocol. The creator of Bitcoin has always been the community’s most famous and mysterious character. Roughly ten years ago, Satoshi logged off, never to return and it’s very likely the inventor won’t ever …
The Many Facts That Indicate Bitcoin’s Creator Satoshi Nakamoto Won’t Ever Come Back Read More »
The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority. The fund debuted on Nasdaq on June 23, 2021 and became the first listed digital asset fund in the Middle East. The fund’s goal is to provide investors in the shares of the fund …
Dubai finance watchdog approves listing of Bitcoin fund Read More »
The US Treasury Department has reportedly instructed in a report to the US Securities and Exchange Commission (SEC) that it will have enough legal power over stablecoins like Tether (USDT). According to Bloomberg, quoting sources familiar with the matter, the regulator could be greenlighted to establish a series of guidelines on how to police these …
US SEC Could Be Set to Start Regulating Stablecoins Soon Read More »
DeNet, a decentralized multichain storage platform, announced today that it had closed a pre-seed round, raising $1 million. According to a press release shared with Finance Magnates, DeNet is building an ecosystem based on decentralized data storage, targeting users seeking high data security services and NFTs storage. The main participants of the round were Spartan …
DeNet Raises $1 Million after Closing Pre-seed Funding Round Read More »
Bitcoin price started a downside correction from well above $64,000 against the US Dollar. BTC could extend its decline below the $60,000 support in the near term. Bitcoin failed to stay above $62,000 and extended its decline. The price is now trading below $62,000 and the 100 hourly simple moving average. There is a crucial …
Why Bitcoin Could Correct Lower Below $60K In Near-Term Read More »
Stellar, the blockchain network dedicated to facilitating cheap cross-border financial transactions, is set to enable two more remittance channels between Europe and Africa. According to an announcement released October 25, the Stellar Development Foundation (SDF) has partnered with payments firm Flutterwave to allow for USD Coin (USDC) powered remittances in the expanding Europe-Africa corridor. The …
Stellar’s network to facilitate remittances between Europe and Africa Read More »
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns. Tesla May Resume Accepting Bitcoin, SEC Filing Shows Tesla Inc. filed a …
Tesla Informs SEC It May Restart Transacting in Cryptocurrencies Read More »
Tampa Bay Buccaneers quarterback Tom Brady nearly lost ownership of the ball behind his 600th touchdown pass, but now he’s paying for it… in Bitcoin. In an Oct. 24 game between the Buccaneers and Chicago Bears, Brady threw his 600th career touchdown pass to fellow teammate Mike Evans — he is the only player in …
NFL quarterback Tom Brady gives fan 1 BTC for his historic 600th-touchdown-pass ball Read More »
Digital token offering platform CoinList has announced on Tuesday that it raised $100 million in Series A funding, setting its valuation to $1.5 billion. According to a blog post on its official website, the funding comes in the midst of the growing demand witnessed over the last 12 months as the token issuance market’s figures …
CoinList Raises $100 Million in Funding Round, Hits $1.5 Billion Valuation Read More »
Bitcoin has been moving sideways during the day as it was rejected north of $63,000. As of press time, BTC’s price trades at $62,698 with a 1% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview However, Bitcoin could see some action in the short term. The benchmark crypto …
Bitcoin Futures Heating Up, Why BTC Traders Should Expect Volatility Read More »
Electric car maker Tesla is likely to start accepting Bitcoin for its cars, details filed with the US Securities and Exchanges Commission (SEC) show. Tesla hinted at the possibility of accepting cryptocurrency payments in financial details related to its initial purchase of Bitcoin, which were added in the company’s 10-Q filing with the US regulator. The …
Tesla signals potential return to Bitcoin payments Read More »
Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people to swap funds in a private, non-custodial manner. These days the …
