Monthly Archives: June 2021

SEC opens to comments on whether to approve VanEck Bitcoin ETF

The filing came before the commission’s June 17 deadline to approve or disapprove of the Bitcoin ETF following an extension in April. The U.S. Securities and Exchange Commission has issued an order allowing the public to comment on the proposed rule change surrounding the Bitcoin exchange-traded fund from asset manager VanEck. According to a Wednesday filing from the SEC, the regulatory body has not yet reached a decision on whether to approve or disapprove of VanEck’s Bitcoin exchange-traded fund, or ETF, but “seeks and encourages interested persons […]

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Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation

The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open Market Committee (FOMC) said in a statement. The Meeting Before the ‘Meeting’ – Fed Expects Two Rate Hikes in 2023 After a number of market players waited for the Federal Reserve to reveal some signals, they got some on June […]

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Bitcoin Is The Steak Of Money

The connection between carnivory and bitcoin is one that intrigues those outside and inside of this niche culture-cross. Bitcoin carnivorism is an interesting cross section of traditionality with modern technology. And yet, despite first appearances that the two are unrelated, the consumption of meat combined with the usage of cryptographically secure digital money is closely intertwined.  A Hunger For Verification Bitcoiners have never been a particularly trusting group. At the core of the industry and network’s ethos is the idea that without verifying for oneself the nature […]

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Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears

Stock markets and Bitcoin price took a slight hit after the Federal Reserve announced plans to increase interest rates twice in 2023, a tad bit earlier than markets expected. Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for 2 interest rate hikes in 2023. Bitcoin (BTC) price extended its losses shortly after Federal Reserve Chair Jerome Powell announced that the Fed would move forward its timeline and schedule two interest […]

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Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender

Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin on a daily basis. El Zonte Beach Town and Surfer Village Attempts to Create a Bitcoin Circular Economy in El Salvador In a region located about 50 miles from the Litoral highway, […]

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Solving the Climate Change Problem Using Blockchain Technology – Start of the FOSTER Project

The Swiss company TRES Group GmbH is launching an exciting and innovative program aiming at adding a solution to the Climate Change challenge. For several months, the FOSTER project has been under development, which aims to mass plant trees around the world for the benefit of increasing carbon dioxide absorption using blockchain technology. Climate the Change is an existential threat requiring participation by all to find and implement solutions to stay below 1.5 degree centigrade global warming. Nature Based Solutions are one form of alleviating CO2 emissions. […]

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Travala launches decentralized home-sharing service — will it be the next Airbnb?

The site claims to repair “the broken relationship between hosts and guests created by existing centralized home-sharing platforms.” Pro-crypto travel booking agency Travala.com is releasing a decentralized property rental service. In a Wednesday announcement, Travala said it had partnered with former executives from Airbnb, Expedia, and other companies to launch Dtravel, a decentralized vacation rental platform that may serve as a competitor for sites like Airbnb and Vrbo. The platform is community governed through Dtravel’s Decentralized Autonomous Organization, or DAO, and uses DeFi to facilitate smart contracts […]

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Price analysis 6/16: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Bitcoin’s recent rejection at $41,000 could extend the current range-bound action for a few more days and altcoins are expected to follow suit. Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders seem to be hesitant to take large bets until the U.S. Federal Reserve releases its latest economic projections and the timeline of the proposed rate hikes today. However, Jurrien Timmer, the director of global macro at Fidelity Investments believes that […]

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Biden hints at possible cybersecurity arrangement with Russia over ransomware attacks

Joe Biden said that the U.S. and Russia might have the beginnings of a “cybersecurity arrangement that begins to bring some order” within the next year. United States President Joe Biden implied he made some progress in addressing ransomware attacks on critical infrastructure after speaking with Russian President Vladimir Putin. Following a Wednesday summit in Geneva, Biden said he had spoken with Putin on the issue of cybersecurity, the U.S. president making it clear his opinion was certain areas of critical infrastructure were off limits for attacks […]

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Entertainment Giant Fox Teams up With Bento Box to Manage $100 Million NFT Creator Fund

Fresh off the heels of announcing a non-fungible token (NFT) organization called Blockchain Creative Labs and a blockchain-based animated series, Fox Broadcasting Company has revealed it’s invoked a $100 million fund with Bento Box Entertainment (BBE) that aims to bolster NFT content creators. Fox and Bento Box to Fuel NFT Ecosystem With a $100 Million Fund On June 15, the New York-based television network and entertainment firm Fox revealed a $100 million fund that aims to help further NFT creators and the industry. Fox and its subsidiary […]

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