October 24, 2021

Silta Finance – Competitive Interest Rates and Fast Due Diligence Draw Project Finance Company Towards Crypto Loans

PRESS RELEASE. Silta Finance, a new DeFi lending solution, challenges traditional banking sector’s predominance in project finance by announcing a partnership with the Singapore headquartered development company WEnergy Global. WEnergy Global has agreed to explore cryptocurrency lending solutions to access project finance. The company is partnering with Silta, a new startup connecting DeFi with infrastructure funding. Silta gives DeFi lenders access to a new real asset class, diversifying the investment universe and offering competitive interest rates. With this deal, WEnergy Global will be one of the first borrowers to receive early access to Silta’s new DeFi solution. Silta facilitates lending for building various kinds of infrastructure assets in a project finance framework. Borrowers can submit loan applications, and Silta conducts a risk analysis and carries out a credit assessment. Based on this information, the Silta community votes on which projects […]
October 24, 2021

Mariah Carey Offers Free Bitcoin Bonus to Encourage Fans to Invest in Crypto

Mariah Carey has encouraged her fans to invest in cryptocurrencies. To help them get started, she is offering $20 in free bitcoin via her partnered cryptocurrency exchange. “A portion of your trade will go toward Black Girls Code, a non-profit helping to increase the number of women of color in the digital space,” said Carey. Mariah Carey Offers Free Bitcoin Bonus to Help Fans Get Started Investing in Crypto Award-winning artist Mariah Carey has encouraged her fans to start investing in crypto. Throughout her career, the famous singer, songwriter, and actress has won five Grammy Awards, 19 World Music Awards, and 21 Billboard Music Awards. Carey is also an inductee of the Songwriters Hall of Fame. Carey has partnered with cryptocurrency exchange Gemini to offer a small amount of free bitcoin to anyone signing up for a trading account at […]
October 24, 2021

JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher

Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to all-time highs rather than the hype around the first U.S. bitcoin futures exchange-traded fund (ETF). Proshares Bitcoin Strategy ETF, ticker BITO, began trading Tuesday and rapidly amassed $1 billion in investments. The second bitcoin futures ETF in the U.S. launched Friday. The JPMorgan analysts believe that “By itself, the launch of […]
October 23, 2021

Thai Prime Minister Cautions Investors Getting Into Crypto as Interest in Digital Assets Soars

The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the country discovered that they could make money quickly by investing in cryptocurrencies. Thai Prime Minister Warns About Crypto Investing Ratchada Thanadirek, deputy spokeswoman for the Thai Prime Minister’s Office, said Saturday that Prime Minister Prayuth Chan-ocha is worried about people investing in cryptocurrencies, particularly young investors. The warning came as the prime minister learned that Thai people entering the workforce have flocked to invest in cryptocurrencies due to their spectacular returns in a short period of time. However, the prime minister urged investors to consider the risks of investing in this asset class. He noted that cryptocurrencies have no supporting fundamentals, and they are highly speculative and very volatile. He […]
October 23, 2021

The NFT Magazine Project Plans to Drop a Periodical in the Form of an NFT on Ethereum

On November 2, a non-fungible token (NFT) magazine is coming to the Ethereum blockchain called “The NFT Magazine” — a periodical publication containing articles and illustrations in the form of an NFT. The project, promoted by Advtech IT Solutions, has partnered with members of the Zilliqa, Algorand, and Bitcoin Cash blockchain communities, alongside Art Rights, Artuu, The Cryptonomist, and the Poseidon Group. The NFT Magazine — A Non-Fungible Token Periodical Featuring Blockchain Topics and Crypto Artists Non-fungible token (NFT) assets and collectibles have become a mainstay in the world of cryptocurrency and blockchain. During the last 12 months, thousands of artists, celebrities, athletes, designers, DJs, and more have published NFTs that have sold for millions of dollars. There have been all types of NFTs such as artwork, gaming items, music, and even physical items that are tethered to some form […]
October 23, 2021

Bitcoin Hits $66,000 – The Highest It’s Ever Been!

The price of bitcoin has skyrocketed in recent days, and the world’s number one digital currency by market cap has reached a new all-time high. At the time of writing, bitcoin is trading for roughly $66,000 per unit. Bitcoin Is Bigger and Better Than Ever The journey of bitcoin has been a long and arduous one. No doubt it has come with many hardships, but it has also seen many significant joys – just as it is today. At $66,000, bitcoin has never been higher. 2021 marks a crazy and spectacular year for bitcoin in the sense that it has now broken its price record twice over the course of six months. As we all remember, bitcoin topped $64,000 per unit in April after it was announced that Elon Musk – the CEO of both Tesla and SpaceX – had […]
October 23, 2021

Proshares’ Bitcoin ETF sees $1B in first day volume, BTC price hits new high, and Coinbase partners with NBA and WNBA: Hodler’s Digest, Oct. 17-23

October 23, 2021

Fear of the unknown: A tale of the SEC’s crusade against synthetics

DeFi built on blockchain and legacy financial systems is on the verge of clashing in one of the most tumultuous battles in economic history.
October 23, 2021

Nigeria to Launch Its ENaira Digital Currency on Monday: Report

The Central Bank of Nigeria (CBN) will launch its digital currency, the eNaira, on Monday, Bloomberg reported. The eNaira, which is intended to complement the physical Naira rather than replace it, will “make financial transactions easier and seamless for every strata of the society,” the CBN said in emailed statement on Saturday, according to the report. The launch had originally been set for Oct. 1 to Oct. 4 but was delayed in deference to the 61st anniversary of Nigerian independence on Oct. 1. Nigerian financial officials have struggled with cryptocurrency’s rising use in the country. Nigeria banned crypto transactions within the banking sector in February and four months later announced plans to introduce the eNaira. The eNaira will be accompanied by a wallet sanctioned by the CBN that users can either link to their bank accounts or pay as they […]
October 23, 2021

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

On October 21, the bitcoin mining pool operator Titan revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project aims to commodify bitcoin’s hashpower “through smart contracts, making hashpower tradable.” Bloq’s Mining Arm Titan Announces the Lumerin Protocol The bitcoin mining operation Titan, a subsidiary of the company Bloq Inc., has announced its decentralized hashpower routing protocol, “Lumerin.” Titan says that bitcoin mining companies “tend to be concentrated in regions that offer cheap electricity, favorable regulation, and stable infrastructure” and it aims to solve centralization via software. The idea is to commodify bitcoin’s processing power and security by leveraging smart contracts. “The Lumerin Protocol will allow companies and individuals to buy, sell, and deliver hashpower, achieving decentralization through open market dynamics,” Titan’s announcement details. “Furthermore, by making hashpower a transferrable digital commodity, the Lumerin Protocol will provide a […]
October 23, 2021

Pacaso Is Helping People Buy Houses with Crypto

Pacaso – a leading real estate firm – has announced it will begin accepting cryptocurrency payments from users looking to purchase or invest in a second home. Pacaso Is Allowing Crypto Payments for Second Homes The property in question cannot be a first-time buy. The company wants to ensure the customers in question have a little experience in the real estate market before they commit to a cryptocurrency-based purchase. That said, Pacaso realizes that digital currencies are becoming more mainstream, and investors are looking to potentially cash in on these assets by obtaining properties to build their wealth. The company has joined hands with Bit Pay, a crypto payment processing platform, to ensure transactions are correct and completed in due time. The currencies that customers can pay with include bitcoin, Ethereum, Litecoin, bitcoin cash, Dogecoin, and several stable currencies. Austin […]
October 23, 2021

Is it possible to BUY a President? The Answer – NFT’s.

Have you ever thought about buying a historical figure or even a President? Is it real life? Is it just a fantasy? No, it’s not a wild dream because with NFT’s it becomes a reality. Recent statistics show a rise in NFT popularity. If you are new here — An NFT is a Non-Fungible Token, such as a digital artwork, that cannot be replaced with something else. In 2020, the total NFT sales volume was $250 million, but in the third quarter of 2021, NFT sales have risen to over $10.7 billion – an increase in the amount of creative and unique collections definitely had an impact here, as well as technological innovations, such as the integration with GameFi. NFT and GameFi truly became a match made in Crypto heaven. Due to the essence of GameFi, which is a mix […]
October 23, 2021

NFTs for freedom: Nonfungible tokens and the right to self-determination

With a rise in distributed political discourse, nonfungible tokens can provide exciting new opportunities for self-governance.
October 23, 2021

Largest DeFi Prediction Market Polymarket Said to Be Under Investigation by CFTC: Report

Polymarket is being investigated by the Commodity Futures Trading Commission (CFTC) to see whether the prediction market platform is letting customers improperly trade swaps or binary options and if it should be registered with the agency, Bloomberg reported, citing people familiar with the matter. The company, which facilitated about 4 billion shares since the start of operations last year, has been in talks regarding a new round of funding that could value the platform at nearly $1 billion, Bloomberg said, citing two people family with the matter. New York-based Polymarket has hired the former head of the CFTC’s enforcement division to handle the probe, Bloomberg said, again citing sources. Bloomberg said the CFTC declined to comment while Polymarket gave an answer that neither confirmed nor denied the existence of any probe. Decentralized finance (DeFi) entrepreneurs have long argued that smart […]
October 23, 2021

AMEX CEO Says Crypto Is Unlikely a Threat to Traditional Credit Cards

Traditional credit card payments will hold firm amid the growth of cryptocurrencies, American Express CEO Stephen Squeri predicted on the company’s third-quarter earnings call Friday. Unlike crypto, traditional credit cards offer clients rewards, service, ability for disputing charges, along with the ability to extend credit, Squeri said. Squeri said he sees cryptocurrency much more as an asset class at this time, adding clients don’t use AMEX to “buy stock” and doesn’t see them focusing on buying crypto either. Squeri said he sees a role for digital currencies however, adding they can make cross-border payments “a lot more seamless” Currently, AMEX’s biggest role in the space is in the NFT and stablecoins universes, Squeri said, citing the card’s usage to buy digital collectables such as NBA Top Shot.
October 23, 2021

Top 7 diễn đàn lô đề miền Bắc uy tín nhất hiện nay

Nếu như anh em muốn tìm kiếm nơi uy tín để trao đổi số học, tham khảo cầu lô. Hay muốn tìm một nơi để học hỏi kinh nghiệm đánh lô đề chuẩn từ cao thủ. Thì những website như diễn đàn loto miền Bắc là nơi không thể bỏ qua. Vậy, đâu là diễn đàn lô đề uy tín nhất để anh em yên tâm gia nhập lâu dài. Hãy cùng Thabet Casino tìm hiểu top 7 forum lô đề miền Bắc đáng tin cậy qua bài viết bên dưới nhé! Diễn đàn lô đề là gì? Diễn đàn soi cầu là nơi mọi người chia sẻ, thảo luận và trao đổi ý kiến về lô đề. Họ bàn luận với nhau về những vấn đề và những chủ để được nhiều người quan tâm. Đây là hình thức […]
October 23, 2021

Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle

The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000 and $270,000. Assuming bitcoin crosses $200K per coin, Bennett thinks the digital asset’s bottom after an 80% pullback will be around $50K. ‘2013 Vibes,’ ‘End-of-Cycle Targets,’ and Searching for the Elusive Bottom The price of bitcoin (BTC) reached an all-time high (ATH) at $67,017 on October 20, 2021, and since then the price has shed around 8% in value. On that same day, cryptocurrency market analyst Justin Bennett published some insights about bitcoin’s future in a blog post called “Charting […]
October 23, 2021

What has been standing in the way of a pure-Bitcoin ETF?

With regulators slowly starting to come to terms with Bitcoin as an asset, how could this affect the present and future views of BTC ETFs?
October 23, 2021

Invesco Delays the Launch of Its Crypto ETF

Popular investment firm Invesco is delaying the launch date of its new bitcoin ETF. The news comes at an ironic time given that Pro Shares is pulling back the curtain on its own crypto ETF, which has been trading on the New York Stock Exchange (NYSE) for the past week. Invesco Is Holding Back… For Now The journey of bitcoin ETFs in the U.S. has been a rocky one. Companies such as Van Eck have been trying for years to get greenlights on their products, only to be repeatedly and ungraciously rejected by the Securities and Exchange Commission (SEC). The company first began sending applications to the SEC’s “consideration file” in 2017. This one – along with the second attempt – resulted in quick dismissals, though the third appeared to be something the agency was taking seriously. Sadly, things ultimately […]
October 23, 2021

Bitcoin ‘still bullish’ even if BTC price drops to $50K — analysis

It may not be likely, but Bitcoin has a lot more room to lure bears into a false sense of security, one analyst forecasts.
October 23, 2021

Prediction Market Platform Polymarket Said to be Under Investigation by CFTC: Report

Polymarket is being investigated by the Commodity Futures Trading Commission to see whether the prediction market platform is letting customers improperly trade swaps or binary options and if it should be registered with the agency, Bloomberg reported, citing people familiar with the matter. The company, which facilitated about 4 billion shares since the start of operations last year, has been in talks regarding a new round of funding that could value the platform at nearly $1 billion, Bloomberg said, citing two people family with the matter. New York-based Polymarket has hired the former head of the CFTC’s enforcement division to handle the probe, Bloomberg said, again citing sources. Bloomberg said the CFTC declined to comment while Polymarket gave an answer that neither confirmed nor denied the existence of any probe. Read more: Why Crypto Whales Love This Prediction Market
October 23, 2021

How a single-strategy crypto algorithm turned $100 into $36,205 in 10 months

Warren Buffett said that “What we learn from history, is that people don’t learn from history.” Crypto traders can change that.
October 23, 2021

How NFTs are empowering recording artists and helping them escape centralized platforms

One project claims to be bringing together “streaming, VR, metaverses and NFTs” into one platform for music fan engagement and some degree of control.
October 23, 2021

Wall Street jinx? Traders weight ‘sell the news’ potential after Bitcoin ETF launch

The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps.
October 23, 2021

Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns

The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the Securities and Exchange Board of India (SEBI), issued a notice regarding “unregulated products” Thursday. “It has come to the notice of SEBI that some registered investment advisers [RIAs] are engaged in unregulated activity by providing platform for buying/ selling/ dealing in unregulated products including digital gold,” SEBI explained. The regulator warned that “Undertaking such unregulated activity including dealing (i.e. advisory, distribution and execution/ implementation services) in digital gold by investment advisers is not in accordance with the provisions of Section 12(1) of the SEBI Act […]
October 23, 2021

Even with Ethereum 2.0 underway, L2 scaling is still key to DeFi’s future

By incorporating scaling solutions, such as rollups and sidechains, Ethereum has the potential to implement the true vision of DeFi.
October 23, 2021

Which blockchain is the most decentralized? Experts answer

Here’s what emerging tech representatives think about the decentralized nature of blockchain technology and which network is the most decentralized.
October 23, 2021

Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Rejection of First Application

Just a few days after reports emerged that it had refused to process a company registration application by Flint API limited, the Nigerian agency Corporate Affairs Commission (CAC) has now registered the blockchain start-up. The agency however blames an unnamed employee for the failure to process the application. The CAC’s About-turn According to a report, the agency’s reversal of its earlier decision followed an intervention by the CAC’s registrar-general Alhaji Garba Abubakar. As reported by Bitcoin.com News, the CAC’s refusal to register the start-up had prompted directors of an incubating hub that is housing Flint API Limited to seek Nigerian vice president Yemi Osinbajo’s intervention. While there is speculation that Osinbajo did intervene, the report by Cryptoassetbuyer, however, suggests it was Muhammad Abdullahi, an assistant to Abubakar, who aided in the registration process. The difficulty in processing the application also […]
October 23, 2021

Would you like fries with that? Fast-food chains are serving up NFTs

Fast-food restaurants across the globe are jumping on the NFT bandwagon with their own digital tokens.
October 23, 2021

ADALend Makes It on “the Essential Cardano List” by IOHK

Input-Output Hong Kong (IOHK) has listed ADALend on their :Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services. “The Essential Cardano List” gives an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation, and Emurgo resources, as well as community-generated materials and a list of current stake pools. ADALend’s inclusion in the list marks a milestone for the project and its plans to broadcast consumer awareness for the project and its features. About IOHK Input-Output Hong Kong (IOHK) is a technology firm dedicated to employing peer-to-peer innovations to bring financial services to the world’s three billion unbanked individuals. They are a software development firm that creates cryptocurrencies and blockchains for academic institutions, government agencies, and businesses. IOHK is considered one of […]
October 23, 2021

Bitcoin Wraps the First Week of the ETF Era

This episode is sponsored by NYDIG. Download this episode On this edition of “The Breakdown’s Weekly Recap,” NLW covers: The record-setting performance of the first bitcoin futures exchange-traded fund and what happens next as new ETFs come to market A massive spate of fundraising, particularly for crypto-focused venture capital funds New institutional and mainstream adoption of crypto by $2 trillion asset manager PIMCO and Walmart See also: Why a Bitcoin Futures ETF Is Bad for Investors “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MicroStockHub/E+/Getty Images, modified by CoinDesk.
October 23, 2021

6 Facts About Ethereum You Didn’t Know

If you have heard about Bitcoin, then you should’ve probably heard its biggest competitor Ethereum, and it is also open-source, decentralised blockchain technology. Even though Ethereum is one […]
October 23, 2021

Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders

One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through the cryptocurrency industry. The sending of the notices has also raised questions about the criteria that Standard Bank is using when making a decision on which accounts must be terminated. For example, Carel de Villiers, the co-founder of an arbitrage trading firm Shiftly, is one individual quoted questioning the formula that Standard Bank is using. While acknowledging that Shiftly is not a client of the bank, de Villiers however suggests it is curious that Standard Bank — which once rejected his company’s attempt to open an account — maintains a business relationship with its rivals. The report also quotes an unnamed arbitrage trader who […]
October 23, 2021

Decentralized Oracle Plugin Listed on Bitrue and Globiance Exchange

A decentralized oracle platform, Plugin offers a cost-effective solution for any kind of smart contract on the XinFin ecosystem. The Plugin provides a high level of security and scalability for any kind of blockchain application which utilizes its data feeds. Recently Plugin has been listed on two famous crypto exchanges Bitrue and Globiance exchange. Plugin ecosystem’s token PLI token is a powered token developed on XinFin’s XRC20 Standard. The Plugin was developed to reduce the gas-free, increase transaction speed, and deliver hundreds of Dapps with the ability to connect to Data Oracle and reach numerous individuals globally. Oracle will act as an intermediary between blockchain smart contracts and the world of external data sources. The decentralized oracle provider Plugin is economical, scalable, and highly trusted. Plugin (PLI) Listed on Bitrue and Globiance Exchange Furthermore, on October 15th Plugin token PLI […]
October 23, 2021

DAOs will be the future of online communities in five years

A decentralized autonomous organization provides power for users to create an online community with as little friction as possible.
October 23, 2021

Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes

It could still go either way for bulls in the run-up to what could still turn out to be the highest weekly close on record.
October 23, 2021

Texas Ethics Commission seeks pro-crypto rule for political contributions

If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency.
October 23, 2021

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan Measures Power Usage in Crypto Mining Sector, Estimates Deficit In an effort to explain why Kazakhstan is considering imposing restrictions on new cryptocurrency mining operations, the Ministry of Energy told local media that data centers minting digital coins use 5 megawatts (MW) of electricity each hour. Just a single mining facility burns an average of 3.6 million kilowatts (kW) a month, the department stated, noting that the amount equals the consumption of 24,000 homes. As China has been cracking down on cryptocurrency miners this year, […]
October 23, 2021

Houston Pension Funds Invests In Bitcoin (BTC)

With the expansion of the cryptocurrency market, several pension funds are starting to look at Bitcoin (BTC) and other virtual currencies. This time, the Houston Firefighters’ Relief and […]
October 23, 2021

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95 (or BEP-95), bears a striking resemblance to EIP-1559, an already implemented Ethereum proposal that also burns fees. Binance Smart Chain Could Burn Gas Fees Binance Smart Chain, the decentralized blockchain backed by Binance, could be implementing a gas-burning mechanism in the near future. Developers of the chain unveiled a proposal that points in that direction. The proposal, called BEP-95, would burn some of the fees that users spend to make transactions or to interact with smart contracts on the network. […]
October 23, 2021

CoinMarketCap hack reportedly leaks 3.1 million user email addresses

3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned.
October 23, 2021

Australian Senators pushing for country to become the next crypto hub

The Australian Senate Committee delivered a report calling for a complete overhaul of crypto legislation and licensing in the country.
October 23, 2021

Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure

After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes Robust Ecosystems However, in the same document, the central bank appears to downplay the implications of failing to launch as planned. Instead, the CBN attempts to highlight the importance of getting things right the first time and how this guarantees the digital currency’s success in the long term. The document explains the CBN’s position: While the launch of the e-naira is an important event, it is one milestone on a long journey. The e-naira is a process, not a single step. Over time, the CBN […]
October 23, 2021

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments in Crypto Addressing members of the National Assembly this week, Pakistan’s Minister of State for Parliamentary Affairs, Ali Muhammad Khan, recognized cryptocurrency as a new concept. He then noted that the government did not have any objection if the Pakistani youth would take the opportunity to invest through this new technology. Khan made the comments on Wednesday in response to a calling attention notice in the lower house of parliament regarding the absence of a regulatory framework for cryptocurrencies in the country, the Daily Times […]
October 23, 2021

Balaji Srinivasan: Bitcoin and the Search for Truth

We think it’s fitting that this, the 50th episode of “Money Reimagined,” is being published inside a historic week for the crypto community, when the launch of a futures-focused bitcoin exchange-traded fund helped drive the leading cryptocurrency to a new all-time high just shy of $67,000. This episode is sponsored by Quantstamp. It’s also fitting that at this moment in time – one that is truly looking like a “crypto moment,” defined not only by soaring bitcoin prices but also explosive interest in non-fungible tokens (NFT) and decentralized finance (DeFi) – the “Money Reimagined” guest this week is someone who’s been involved in the crypto journey for almost a decade. Joining Michael Casey and Sheila Warren for this special “OG edition” is Balaji Srinivasan, a serial entrepreneur, investor and influential essayist. Srinivasan is a former CTO of Coinbase, a former […]
October 23, 2021

Bitcoin price consolidation leans toward ‘another leg higher’

Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up.
October 23, 2021

Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows

Terraform Labs CEO Do Kwon is suing the U.S. Securities and Exchange Commission (SEC). The builder of decentralized finance (DeFi) platform Terra confirmed he was served with an SEC subpoena at Messari’s Mainnet conference last month, according to a lawsuit filed Friday. The matter stretches back to May 2021, when SEC’s Enforcement Division emailed Kwon, according to the filing. At issue is Terra’s Mirror Protocol, a decentralized finance (DeFi) platform on which synthetic stocks mirroring the price of major U.S. firms are minted and traded. Read more: Terra Brings 24-Hour Trading to Synthetic Versions of Stocks Like TSLA and AAPL The subpoena request that Kwon provide testimony to U.S. regulators. As a resident of South Korea, Kwon is contesting that. Terraform’s suit against the SEC is unusual but, according to crypto lawyer Stephen Palley, preemptive legal action might make sense […]
October 23, 2021

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equivalent to $1 Million’

The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about bitcoin on numerous occasions and even more so these days as the crypto asset crossed its all-time price high. After the Proshares exchange-traded fund (ETF) launched on the New York Stock Exchange (NYSE), Pool asked his 897,700 Twitter followers if they thought bitcoin would hit $200K. Tim Pool ‘Feels Bad’ for People Dismissing Bitcoin Tim Pool is a well known person on various social media channels due to the work he’s done as a journalist, show host, and commentator. When it comes to living in these modern times, Pool always has something to say in order to spark meaningful debate. Pool is a former member of Vice Media and in 2014 he also participated in Fusion TV. The activist is also well known for his live-streamed […]
October 22, 2021

After ‘Stealing’ $16M, This Teen Hacker Seems Intent on Testing ‘Code Is Law’ in the Courts

Some $16 million in cryptocurrency was pilfered in an exploit of a decentralized finance (DeFi) protocol last week, and the victims believe they know exactly who did it. Despite threats from the team, however, the alleged attacker – a Canadian teenaged graduate student – is refusing to return the funds, potentially setting the stage for a groundbreaking legal confrontation. On one side of the conflict is a child math prodigy and an outspoken champion of DeFi’s self-regulating “code is law” ethos. On the other, a pair of DeFi developers and their advisers who felt forced to make an unprecedented series of troubling ethical choices on behalf of a DAO community. At stake in the fight are a number of thorny issues that have so far been successfully obscured by DeFi’s explosive growth: What is the role of law enforcement in […]
October 22, 2021

Reddit Readying an NFT Platform

Add Reddit to the list of big brands entering the non-fungible token (NFT) market. The social media site intends to build an NFT platform for buying and selling crypto collectibles, the company tipped in a job posting. In the posting for a senior engineer, Reddit noted “a new and exciting, rapidly growing team that aims to build the largest creator economy on the internet, powered by independent creators, digital goods and NFTs. We are looking for strong engineers and leaders to help us seed the team, set its strategy and build for the future.” The initiative comes amid NFTs’ skyrocketing popularity that has spurred a wide array of companies to kickstart different initiatives. Earlier this month, crypto exchanges Coinbase and FTX.US have said that they are building NFT marketplaces. Reddit said that it was looking for someone who could “design, […]
October 22, 2021

Trump Banking Regulator Determined Banks Should Be Allowed to Trade Crypto: Report

A U.S. banking regulator during the Donald Trump administration took the position that banks could legally trade cryptocurrencies for their clients, according to Politico article Friday. The determination was made by staff at the Office of the Comptroller of the Currency (OCC), according to the report, which cited unnamed sources. It could enable banks to have digital currencies as assets for trading. The determination, which was never made public, counters the aggressively anti-crypto stance of the former President, who in a June interview with Fox Business said that bitcoin seemed “like a scam.” Following the election, Coinbase CEO Brian Armstrong took to Twitter to blast rumored plans by the U.S. Treasury Department to attempt to track owners of self-hosted cryptocurrency wallets with an onerous set of data-collection requirements. Michael Hsu, President Joe Biden’s acting head of the national bank regulator, […]
October 22, 2021

Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above $25 and dropped to just over the $24 mark. Initial Market Performance of Valkyrie’s Bitcoin ETF Lackluster Compared to the First Bitcoin ETF Debut Valkyrie’s bitcoin futures ETF officially launched on Friday and reached a high of $25.60 per unit at around 9:00 a.m. (EDT). The senior ETF analyst for Bloomberg Intelligence, Eric Balchunas, tweeted about Valkyrie’s ETF after the first few minutes of trading. “BTF up and running with a healthy $10m traded in [the] first [five minutes], BITO is at $30m. You have […]
October 22, 2021

NFT Tied to Rare Whiskey Cask Auctions for $2.3M

A non-fungible barrel of 1991 Macallans scotch set whiskey auction records Friday, nabbing $2.3 million on NFT marketplace Metacask. The sale surpasses the previous cask sale record price of $574,000 for a similar barrel at auction house Bonhams last August. This edition came bundled with digital art from Trevor Jones. A pseudonymous buyer who goes by oldcask outbid two other bidders active in digital whiskey investments, a PR representative told CoinDesk. The company declined to identify the buyer. The NFT serves as a digital title-of-deed for the cask of the whiskey. It was minted on the Ethereum blockchain. Co-founder Nim Siriwardana said Metacaskminted and auctioned the cask NFT to showcase the appeal of digitally transferable rights. “Buyers don’t need to go to a physical auction house to acquire rare and valuable real assets like whisky,” Siriwardana said in a statement. […]
October 22, 2021

NFT studio Mojito completes $20M seed round with help from Sotheby’s

Mojito previously helped develop Sotheby’s new digital NFT marketplace platform, Metaverse.
October 22, 2021

Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi

BTC is back at all-time highs, meaning it’s even easier for holders to capitalize on the lucrative yield opportunities DeFi offers to investors who are willing to stake their tokens.
October 22, 2021

Carl Icahn: Bitcoin Could Reign Supreme if Inflation Gets Worse

Billionaire investor Carl Icahn believes that bitcoin’s potential will be realized in the coming future if the Fed continues to print excessive amounts of money. Carl Icahn Thinks Bitcoin Could Become More Powerful Ever since the coronavirus pandemic began, governments around the world – including the United States – have been issuing trillions of dollars in stimulus money to both individuals and businesses alike. While we can all agree that a little extra cash in our pockets here and there is a good thing, it’s not always great when it places the global economy in harm’s way, and according to many analysts, this is exactly what’s happened. The constant delivery of stimulus funds has led to inflation, supply chain disasters, and many other issues that economies around the world are now dealing with in spades. In the U.S., for example, […]
October 22, 2021

Bybit Is Now Offering 3% Bonuses on Deposits

Traders who have yet to join cryptocurrency exchange, Bybit can now enjoy 3% bonuses on their first time deposits, capped at $3,000 per user. In addition, traders with combined trading volumes in both Spot and Derivatives of at least $100,000 will be automatically included in an exclusive lucky draw featuring a grand prize of 0.1 BTC. To be eligible to receive the bonuses, traders must first register for Bybit’s Deposit Blast-Off event here before Nov. 18, 2021, 10AM UTC. Once registered, traders must make a minimum deposit of $500 worth of eligible assets within seven (7) days for their deposits to be considered in the calculation of their rewards. Any deposits made after this timeframe will not be considered in the calculation of their reward. Among the eligible assets include BTC, ETH, BIT, USDT, XRP, DOGE, DOT, EOS, LTC, XLM, […]
October 22, 2021

Binance.US Top Lawyer Steps Down: Report

The top lawyer for the U.S. arm of exchange giant Binance has departed after just seven months in the position. Christopher Robins, who held the title of general counsel, will be assuming a part-time role at the company, according to a Business Insider report, which cited a Binance spokesperson. Robins’ departure comes two months after Binance.US’s then-CEO, Brian Brooks, resigned after just four months on the job. This story is still developing and will be updated.
October 22, 2021

Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano’s Rank

The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million. Solana Takes the 6th Spot, Market Valuation Nears Cardano’s Market Cap On Friday, the crypto asset solana (SOL) has managed to take the sixth position in terms of the world’s largest crypto market valuations. At the time of writing SOL is swapping for over $203 per unit and is up 12.4% over the last day. Seven-day statistics indicate that solana has gained 37.5% this past week and during the last 30 days, SOL is up 68.2%. After the digital currency captured the sixth largest crypto position, a great number of […]
October 22, 2021

Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

BTC and ETH reversed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls.
October 22, 2021

Reddit may be preparing to launch its own NFT platform

Other social media platforms including Twitter and Facebook have been working to support NFTs, if not create a competitor to major marketplaces.
October 22, 2021

A Bitcoin ETF Has Made It to the U.S., but Is It What Traders Are Looking For?

A bitcoin-based exchange-traded fund (ETF) has finally made its way to the middle of North America. The United States has long awaited the introduction of a bitcoin ETF after many years have gone by of companies submitting applications only to have them rejected ungraciously. A Bitcoin ETF Has Made Its Way to the U.S. This new product is being offered by Pro Shares and is being traded on the New York Stock Exchange (NYSE). It trades under the ticker BITO, and investors can potentially buy their way into the bitcoin market without experiencing the risks they’d encounter when directly purchasing crypto on a digital exchange or similar platform. Since 2017, many businesses and financial enterprises have worked tirelessly to get greenlights on their bitcoin ETF proposals. Companies such as Van Eck and Bitwise – arguably two of the most famous […]
October 22, 2021

Altcoins breakout even as Bitcoin price falls to $60,000

RUNE, OKB and MOVR pressed higher even as traders continue to pull profits from Ether and BTC.
October 22, 2021

Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers

On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during the event. Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1 million customers. Speaking at CNBC’s Disruptor 50 Summit Tenev explained how popular cryptocurrencies are on the financial services application. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said at the event. The CEO added: “We rolled out our wallet’s waitlist. A lot of […]
October 22, 2021

Kava.io

Kava is the native cryptocurrency of the Kava.io platform, a decentralized finance protocol allowing users to lend and borrow assets using multiple crypto assets as collateral. As a blockchain-based platform, Kava.io doesn’t require intermediaries to complete this process. Instead, it opts for a cross-chain lending platform allowing users to borrow the USDX stablecoin against non-decentralized finance (DeFi) assets such as bitcoin (BTC) and xrp (XRP.) Additionally, users can deposit supported crypto assets and earn interest. KAVA price The KAVA token launched in October 2019 and noted a first price peak of $5.11 on Aug. 17, 2020. Its value dropped to $1.28 in early November 2020 until recording a new high of $7.25 on April 9, 2021. The subsequent KAVA price dip to $2.78 on May 24, 2021, culminated in an all-time high of $9.12 on Aug. 30, 2021. The KAVA […]
October 22, 2021

Ren

REN is the native cryptocurrency of the Ren protocol. It is an open protocol designed to allow users to move digital assets from one blockchain to another, generating cross-chain liquidity. To do so, it allows users to create tokens that conform to Ethereum’s ERC-20 standard that are backed 1:1 with their counterparts, such as bitcoin and bitcoin cash. In that, it resembles wrapped bitcoin (WBTC). Ren price The Ren protocol’s native token, REN, is an Ethereum-based cryptocurrency that uses the ERC-20 token standard. The token is paid as a refundable bond by network participants as a guarantee of good behavior. The REN price touched an all-time low of about $0.01548 in February 2019, and remained below $0.20 from its initial sale in 2018 until August 2020. It touched a record high, $1.80, on Feb. 20, 2021. There is a theoretical […]
October 22, 2021

Analysts hold their $250K Bitcoin price target even as BTC falls below $60K

Crypto markets take a turn for the worse after hitting record highs earlier in the week, with Bitcoin down 6% near the $60,000 level.
October 22, 2021

The US Needs a Dedicated Crypto Regulator

The crypto regulatory situation in the U.S. is sad. Not because the Securities and Exchange Commission or Department of the Treasury keep proposing new, unpopular rules but because there is a lack of depth and insights into most of the positions and intended actions coming out of U.S. regulatory agencies. What we have today is hastily concocted and coordinated decisions from various departments that have all been reactive and not proactive. Most of these end up delivering superficial, rushed, harmful, reactive or incomplete policies, not always aligned with helping the industry grow, but often obsessed with preserving the status quo. William Mougayar, a CoinDesk columnist, is executive chairman at the Kin Foundation. This op-ed is part of CoinDesk’s Policy Week, a forum for discussing how regulators are reckoning with crypto (and vice versa). Here’s how the mess is created, as […]
October 22, 2021

Polygon pays $2M bounty on bug which could have compromised $850M in user funds

The white hat hacker speculated that the bug might have been created from “using someone else’s code and not having a 100% understanding of what it does.”
October 22, 2021

Why US Policymakers Should Embrace Web 3

In 1997, the Clinton Administration published the groundbreaking “Framework for Global Electronic Commerce,” which set forth five key principles: Governments should recognize the unique qualities of the internet. The private sector should lead. Governments should avoid undue restrictions on electronic commerce. Where governmental involvement is needed, its aim should be to support and enforce a predictable, minimalist, consistent and simple legal environment for commerce. Electronic commerce on the internet should be facilitated on a global basis. In the ensuing decades, the internet transformed our economic and social interactions in ways that have profoundly changed society – for better and worse. Today, we stand at a similar moment for the next generation of the internet, and it’s time for a new set of principles that incorporate lessons learned over the past 25 years. Tomicah Tillemann is global head of policy for […]