Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins
Month: October 2021
Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in
Bitcoin (BTC) faced stiff resistance near previous highs on Oct. 8 as a fresh push over $56,000 quickly ended. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying the dip? $53,000 is “logical” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it came off four-month highs of $56,150. The area near $58,000, which had
E-sports investment platform Bitkraft VC has established a $75 million token fund for investing in blockchain gaming and digital entertainment. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. Apart from equity investment, the token fund will also invest in cryptocurrencies and nonfungible
The Bitcoin.com Team is excited to announce support for Ethereum-based DApps in the Bitcoin.com Wallet via WalletConnect. Earn interest on your cryptoassets, trade using decentralized exchanges, participate in NFT marketplaces and more. What is WalletConnect? WalletConnect is a bridge that securely connects DApps to crypto wallets. Once you’ve approved the connection between your wallet and
Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price beats Wednesday’s high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum. Wednesday’s dramatic uptick had topped
Meme coins were some of the earliest breakout stars at the start of this year’s bull run and big-name influencers like Elon Musk and Mark Cuban helped to stoke a surge in the price of Dogecoin (DOGE). The success of DOGE eventually spawned th massive litter of dog-themed offshoots that now populate the meme coin
An official from the Office of the Attorney General has said the United States government is going to take a more active role in enforcement action against actors using cryptocurrencies for money laundering and other cybercrimes. Speaking at the Aspen Institute Cyber Summit on Oct. 6, Deputy Attorney General Lisa Monaco said the Justice Department
Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1 trillion market capitalization to the asset. According to a note shared by JPMorgan with clients on Thursday, the recent increase in price for BTC was predominantly attributed to institutional investors looking for a hedge
The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell. The balance held by Ethereum miners is the largest it has been since shortly after the network was launched five years ago. When converted into USD, it is at a historic
Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will
Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week. Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions also climbed, indicating that
Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. Per a 6 Oct. announcement, MoneyGram has integrated support allowing crypto wallets connected to the Stellar Network to access its global retail platform.
Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology. LUNA currently sits in fourth place in total value locked
The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC). The ETF, which was approved on Oct. 5, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that
Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance. But despite some headwinds, ETH bulls will likely profit $115 million on Friday’s weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million worth
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