Monthly Archives: September 2021

Building Institutional-Grade Products For Bitcoin’s Adoption

Philippe Bekhazi of XBTO Group discusses building a large, diversified Bitcoin company. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Philippe Bekhazi has combined his areas of expertise, finance and technology, to create XBTO Group, one of the world’s largest and most diversified participants in Bitcoin and across cryptocurrency-based finance. “With Bitcoin, you don’t have to trust anyone with money,” Bekhazi said. “It just is what it is. It’s an equation, that everyone’s looking at, and everyone’s protecting, and it cannot […]

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CFTC hits Kraken with $1.25M in fines over alleged illegal offering

“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating under […]

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Stablecoin launch and NFT integration back COTI’s rise to a new all-time high

COTI price rallied to a new high after a series of partnerships, exchange listings and a pivot toward NFTs lure new investors to the project. The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has benefited from the increased capabilities of blockchain technology and the recent launch of smart contracts on Cardano is COTI (COTI), […]

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Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants’ Appetite for Crypto Payments ‘Has Exploded’

Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion annually. The company says, “the appetite for crypto payments has exploded this year.” Major Retailers Will Soon Be Able to Accept Cryptocurrency Payments via Verifone Major payment solution provider Verifone announced Tuesday its partnership with Bitpay “to enable consumer cryptocurrency payments on Verifone’s in-store and Ecommerce Cloud Services platforms in the United States.” Verifone […]

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A Look Into What’s Happening With Bitcoin In Ukraine

Bitcoin Magazine got an exclusive interview to further discuss the country’s recent bill legalizing Bitcoin and what is next for Ukraine. On September 10, 2021, Ukraine legalized bitcoin within the country, providing clarity on the asset which was not clear before. Shortly after the bill was signed into law, Bitcoin Magazine announced our global expansion into the country, opening a bureau in Kyiv, Ukraine. Ukraine is poised to become a Bitcoin powerhouse with the level of interest in the country. Ukraine is already home to the world’s […]

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Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress. “Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn’t matter whether one is trading soy futures, silver, stocks, or […]

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BlackRock SEC filings show company gained $369K from Bitcoin futures

Larry Fink, chief executive officer of BlackRock, said in July that the company was seeing “very little in terms of investor demand” for cryptocurrencies. A filing from the U.S. Securities and Exchange Commission, or SEC, shows BlackRock Financial Management has increased the number of its Bitcoin futures contracts since Q1 2021. According to a Sept. 28 filing with the SEC, the BlackRock Global Allocation Fund included 54 Bitcoin (BTC) futures contracts issued through the Chicago Mercantile Exchange as of July 31. The contracts, which expired on Aug. […]

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World-Famous DJs Paul Oakenfold, Carl Cox, Paul Val Dyk Spin and Crossfade Into the NFT Universe

While celebrities and athletes have been jumping into the non-fungible token (NFT) scene headfirst, a large quantity of music acts have also entered the NFT industry. On Tuesday, a lineup of world-famous DJs are being represented in a newly launched NFT collection called Djenerates. The NFT collection is supported by prominent DJs like Carl Cox, Paul Oakenfold, Paul Val Dyk, Benny Benassi, Sven Väth, and Blond:ish. Prominent DJs Featured in NFT Collection In 2021, non-fungible token (NFT) assets have become a billion-dollar industry and it seems everyone […]

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ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October. The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade.  Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny Ryan. Ryan described the technical upgrade as follows: “This upgrade brings light-client support to the core consensus, […]

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Signs of fear emerge as Ethereum price drops below $3,000 again

Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip. Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. On Sept. 28, Ether (ETH) might be 30% below its May 12 high of $4,380, but the current $3,050 price is 78% higher than the six-month low of $1,700. To understand whether this is a “glass half full” situation, one must analyze how retail and pro traders are […]

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