Monthly Archives: February 2021

Bitwise assets under management hit $1B, fueled by professional investors

Assets under management have doubled since the fourth quarter, highlighting growing mainstream adoption of Bitcoin and other cryptocurrencies. Bitwise, a leading cryptocurrency fund manager, reported another major milestone on Tuesday as the assets under management for its digital asset funds crossed $1 billion for the first time.  The Bitwise 10 Crypto Index Fund, which provides diversified exposure to Bitcoin (BTC) and other leading cryptocurrencies, accounts for over 90% of the total AUM. Hunter Horsely, Bitwise’s CEO, said the crypto industry is at a “turning point” with respect […]

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Bitcoin Price Drops 18%, Fed Discusses ‘Soft’ Inflation, Analyst Says BTC Sell-Off Attracts More Investors

Digital asset markets are seeing some turbulence on Tuesday as the entire crypto market capitalization has lost 11% in value during the last 24 hours. Bitcoin has slid to a low of $44,846 during the morning trading sessions (EST) losing more than 18% during the last day. Bitcoin Price Dips Over 18% and Quickly Regains Some of the Losses Cryptocurrency proponents are watching markets closely after the price of bitcoin (BTC) started sliding early Sunday morning after coasting along at the $55k range. 12 hours prior the […]

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1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO

The next five years will see the first billion people opting to store their wealth using Bitcoin simply using mobile devices, says the MicroStrategy CEO. Bitcoin (BTC) will be the savings method of choice for 1 billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicted. In an interview with CNBC on Feb. 23, Saylor, whose company owns in excess of 70,000 BTC, continued his public Bitcoin advocacy, calling it “the dominant digital monetary network.” Saylor: Billions will choose Bitcoin for savings Saylor was speaking […]

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The Bitcoin Magazine Art Portal: Calling All Bitcoin Artists

It’s no secret that the world of fine art and collectibles has been massively disrupted by technologies stemming from the innovation of Bitcoin. Non-fungible tokens, colloquially known as “NFTs,” are a relatively new technology that has taken the art world by storm, generating millions of dollars in sales across platforms like Nifty Gateway, Async, SuperRare, MakersPlace, KnownOrigin, Rarible; the list grows. Projects like NBA Top Shot and CryptoPunks are leveraging this technology to create digitally-scarce art and collectibles worth thousands of U.S. dollars apiece! There have been […]

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The United Arab Emirates chase crypto and blockchain adoption

UAE regulators are looking to develop a comprehensive crypto governance framework as part of its 2021 business agenda. For a long time, the United Arab Emirates has been one of the most progressive crypto countries in the world. For example, government-owned licensing firm Kiklabb allows clients to pay for their visa and trade license fees via various digital assets to the Dubai Financial Services Authority, which announced its decision to work on a holistic crypto regulatory framework as part of its 2021 business plan. In fact, as […]

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Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurrency

Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the U.S. Securities and Exchange Commission (SEC). Last year, the company earned $50.2 million from Ripple for using the platform. Moneygram Stops Using Ripple’s Platform Moneygram International announced Monday that it has suspended trading on Ripple’s platform. The announcement came as part of the company’s earnings report for the fourth quarter and full year 2020. For the year 2020, Moneygram recorded total revenue of $1,217 million; […]

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Flow NFTs Are Coming to OpenSea

PRESS RELEASE. February 23, 2021 – OpenSea, the largest marketplace for blockchain-enabled non-fungible tokens (NFTs), is in the process of building support for Flow, a blockchain built for mainstream consumer scale originally created by Dapper Labs, the company behind CryptoKitties and NBA Top Shot, which has recently reached over $150 million in sales volume, becoming the highest-selling NFT dapp across the entire crypto ecosystem. The integration will allow for the creation of a massive open economy powering the next generation of apps and games, fueled by OpenSea’s […]

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Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. Whilst public adoption of crypto assets is increasing, the global regulations continue to progress and recognise decentralized technologies as a suitable infrastructure for the dematerialisation of securities. In Luxembourg, the country that is second in the world in terms of assets under management, the country’s regulator adopted a bill that explicitly recognised the possibility of using distributed ledger technology for the dematerialisation of securities.  The regulation is moving quickly elsewhere across […]

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Francis Suarez, Miami’s pro-crypto mayor, to appear on Blockchain & Booze tonight

As Miami becomes the hottest spot in America for crypto, Mayor Suarez wants to know: “How can I help?” But will he actually be swigging Miami Vice cocktails? Francis Xavier Suarez, the mayor of Miami and a firm Bitcoin proponent, will appear for a 30-minute fireside chat on Blockchain & Booze this evening. The episode, hosted by Adam Levy of blockchain venture studio and fund Draper Goren Holm, and streamed live from Cointelegraph’s Twitter account, will explore Miami’s emerging status as a global crypto hub, as well […]

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India’s Warren Buffet says Bitcoin hangover will be worse than the party

The man known as India’s Warren Buffet is eager for a blanket ban on all cryptocurrencies and believes the Bitcoin “party” will result in a terrible hangover for investors. The billionaire investor known as India’s Warren Buffet, Rakesh Jhunjhunwala, has voiced his support for India’s impending cryptocurrency ban, warning that the hangover from Bitcoin (BTC) mania will be worse than the party itself. Jhunjhunwala, speaking on CNBC’s Street Signs Asia segment on Feb. 23, said the Bitcoin party was one he’d rather not attend: “I think it’s […]

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