Monthly Archives: October 2021

‘Public’ Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as ‘Compelling Asset Class’

Investing platform Public, with over 1 million users, is rolling out cryptocurrency trading. “Crypto is gaining momentum as a compelling asset class for millions of investors,” the company said. Public Launches Cryptocurrency Trading Investing platform Public describes itself as “the investing social network where members can own fractional shares of stocks and ETFs [exchange-traded funds], follow popular creators, and share ideas within a community of investors.” The company announced Thursday: Today, we’re adding crypto on Public. Members will be able to buy, sell, and hold crypto assets […]

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Phemex Is a Rebellion Against Traditional Finance, and It’s Winning

Wall Street is often touted as the place where dreams come to life, but the world’s economic epicenter can also be an absolute nightmare. From brokers screaming at each other across trading floors to the modern electronic trading systems of today, money talks in Wall Street. However, while the NYSE houses over $28.5 trillion in assets, there’s still a lot left unsaid. On Wall Street, it is believed that history doesn’t repeat itself, but rhymes. The world’s financial systems have failed consistently over time, but when Phemex’s […]

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Tether fires back against report it is using reserves for investments and making crypto-backed loans

“If those loans fail, even a small percentage of them, one Tether would become worth less than $1,” said Bloomberg reporter Zeke Faux. Tether (USDT), the largest stablecoin issuer by market capitalization, has refuted the details of a Bloomberg story on its reserves holdings. In a Thursday report, Bloomberg journalist Zeke Faux made numerous claims against Tether, including that its chief financial officer Giancarlo Devasini has used the company’s reserves to make investments, that seem to contradict Tether’s public position that the holdings were fully backed at […]

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SEC approves Volt Equity ETF providing exposure to Bitcoin-centric companies

Regulators have green-lighted a new exchange-traded fund that provides exposure to “Bitcoin Industry Revolution Companies.” The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC). The ETF, which was approved on Oct. 5, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are defined as entities that hold a majority of their net assets in BTC or derive a majority of their earnings from […]

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Matt Furie Adds to 2016 NFT Card Collection — ‘Rare Pepe Directory Is Complete,’ Says NFT Wallet Creator

About five years ago, Bitcoin.com News reported on the notorious Pepe the frog getting added to the blockchain collectible world after the non-fungible token (NFT) cards were minted on the Counterparty protocol in 2016. Now the creator of Pepe the frog, Matt Furie, has added his flare to the mix with a special NFT featuring his original green amphibian creation. Crypto Fans Get Their First Introduction to Counterparty Rare Pepe NFTs in 2016 Back in 2005, when Matt Furie introduced Pepe the frog to the world, he […]

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Bitcoin Miner Bitfarms Begins Construction Of 210 MW Farm

The bitcoin miner announced that it signed contracts and started constructing a 210 megawatt farm in Argentina. Toronto-based bitcoin miner Bitfarms has signed engineering, procurement, and construction contracts in Argentina to construct a new mining farm there. The company’s new mining operations in the South American country are expected to accommodate 55,000 new mining rigs. Bitfarms said the new farm will add up to 210 MW of power capacity by 2022. Bitcoin mining company Bitfarms announced that it had signed engineering, procurement, and construction (EPC) contracts and […]

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JPMorgan: Institutional Investors Are Favoring Bitcoin Over Gold

The big bank said in a note today that institutional investors are back to taking money out of gold and into bitcoin. JPMorgan analysts have shared that they believe an increased appetite from institutional investors has been fueling the Bitcoin rally. “Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold,” JPMorgan said. Money is flowing out of gold and into bitcoin, according to the big bank. Bitcoin drove past a $1 trillion market capitalization yesterday as the dollar […]

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Velas increases blockchain grants program to $100M

Blockchain projects with a focus on DeFi, NFTs, gaming and others will be eligible to receive up to $100,000 in funding. Switzerland-based technology company Velas has allocated $100 million to startups building on top of the Velas blockchain, marking a sizable increase from its initial pledge of $5 million earlier this year.  The grants program is designed to support the growth of the Velas ecosystem and expand its capabilities within Web 3.0, a broad umbrella term that describes the next stage in the internet’s evolution. Like the […]

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Ethereum price options: All $250M in bearish bets for Friday are underwater

Bears are in deep trouble as ETH bulls are likely to pocket $115 million from Friday’s options expiry. Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance. But despite some headwinds, ETH bulls will likely profit $115 million on Friday’s weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million worth of neutral-to-bearish put options worthless. Ether price in USD at Coinbase. Source: TradingView Regulatory […]

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Mt. Gox creditors may receive nothing if they fail to vote by Friday

“I just want my coins back. I’m tired of how long and drawn out it is,” said one user claiming to be one of the 24,000 Mt. Gox creditors. Creditors from the now-defunct crypto exchange Mt. Gox have until Friday Japan time to vote on a rehabilitation plan that could pay back millions in lost Bitcoin (BTC). Figures including Blockstream founder Adam Back and former Mt. Gox CEO Mark Karpelès took to social media this week to remind crypto users of the looming deadline. Claimants representing more than half […]

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