Monthly Archives: February 2021

Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for action

The president’s refusal to budge on a $1.9 trillion COVID-19 relief bill will have knock-on effects for Bitcoin, as the money printers look set for action once more. United States President Joe Biden has rejected a Republican proposal for a COVID-19 relief bill that would have seen $618 billion allocated to struggling American households and businesses. Biden and newly appointed Treasury Secretary, Janet Yellen, dismissed the sum — just under the size of Bitcoin’s entire market capitalization — as insufficient for stimulating the economy amid the ongoing […]

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Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company

Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu. South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities, the securities brokerage arm of Hanwha Group, has reached an agreement to buy a 6.15% stake in Upbit’ operator Dumanu for 58.3 billion won ($52.24 million), The Korea Herald reported on Feb. 3. According to the report, the acquisition of 2.06 million shares is scheduled to take place on […]

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US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run

With Coinbase firmly within the top 500 U.S. websites by popularity, it seems that all publicity is good publicity as mainstream consumers come on board. Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market.  Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most popular websites around the world. Coinbase in top 400 U.S. sites As BTC/USD circles all-time highs, its run to $42,000 in January appears to […]

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Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum and Fine Wine Capital AG launched collectible premium wine-backed tokens, becoming the first ones under the new blockchain rules. Assets tokenized through Sygnum’s platform, Desygnate, will be recognized under a new category of ledger-based securities […]

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Canadian investment firm Accelerate Financial files for Bitcoin ETF

Calgary-based financial services firm Accelerate Financial Technologies is planning to list its Bitcoin ETF on the Toronto Stock Exchange. Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from global financial firms. Accelerate Financial Technologies has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for the Accelerate Bitcoin ETF (ABTC). Announcing the news on Feb. 3, Accelerate Financial said that ABTC will offer units denominated in both United States […]

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India must revolutionize its digital media industry with blockchain

There won’t be a better chance for India to unlock the full potential of blockchain tech in the digital media industry. India has more than 65% of ut population below the age of 35, with the average age nationwide being 29 years old. Additionally, out of India’s 1.3 billion people, only half currently use mobile phones, and less than half of this number are smartphones. Even though India is one of the world’s most populated countries, internet usage remains at 41%, with 700 million Indians currently connected to […]

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Cross-chain DeFi interoperability on the agenda as Ren joins Alameda

Ren is teaming up with Alameda to boost cross-chain decentralization. Cross-chain bridge service Ren has announced that its development team will be joining Alameda according to a blog post by CEO Taiyang Zhang. As part of the announcement, Zhang revealed that the focus of the move is on enabling Solana (SOL) support on RenVM — the project’s cross-chain liquidity protocol launched back in May 2020. According to the Zhang, development work on the integration is currently being audited with full deployment expected to begin by the summer. […]

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Report: Declining BTC Stablecoin Supply Ratio Suggests Exchanges Are ‘Highly Liquid & Ready to Buy’ Crypto Assets

According to a report by Glassnode, bitcoin’s declining stablecoin supply ratio (SSR) indicates an increased supply of newly minted coins on exchanges. In turn, this increase in supply means exchanges are currently “highly liquid and ready to buy up assets such as bitcoin.” Stablecoin Supply Growth As explained in the report, the SSR is a ratio of the total value of all bitcoins versus stablecoins. This metric “decreases when (either) the price of BTC is low or when more stablecoins are entering circulation.” However, with BTC prices […]

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Eth2 becomes third-largest staking network as Ether rallies into new ATHs

With Ether continuing to push into new all-time highs above $1,500, Eth2 now ranks as the third-largest crypto asset in terms of staked assets. The price gains enjoyed by Ether as it hits record highs have propelled Eth2 to rank as the third-largest network by staked capitalization. That’s despite the fact that just 2.09% of Ethereum’s supply is locked up in Eth2 at present. Ether pushed into new record price highs above $1,480 on Feb. 2, with ETH currently testing $1,550 after gaining 12% in 24 hours. […]

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AdGram Helps Brands Leverage Cryptocurrencies in the Advertising Market

PRESS RELEASE. The AdGram service was founded a year ago and is currently the largest advertising exchange in Telegram. AdGram helps brands place large advertising volumes in channels and groups quickly and efficiently. Channels and groups benefit from expansion of their audience, it is easy to find advertisers and increase the earnings from advertising placements via AdGram. Over the last 12 months, the service has gained a huge experience in communications with both advertisers and administrators from different countries, which has highlighted issues with settlements in multiple […]

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