Monthly Archives: October 2021

Altcoin Roundup: DEXs come to the rescue after China bans crypto

China’s wide-spanning crypto ban puts a hefty dent in token values, but the surge in DEX volumes and BTC’s pop above $55,000 suggest the move was a blessing in disguise. Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins and decentralized […]

More info

Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in the State Duma, the lower house of Russian parliament, are thinking about introducing certain legal restrictions on the funds non-qualified investors can put into crypto assets. Anatoly Aksakov, chairman of the parliamentary […]

More info

BlockFi Files For Bitcoin Futures ETF

The BlockFi Bitcoin Strategy ETF would only invest in bitcoin futures contracts traded on the CME. Lending platform BlockFi is the latest to join the bitcoin futures ETF race with a new registration intention filed with the SEC today. ETF analysts are optimistic that the commission will approve as many as four BTC futures ETFs in October. The BlockFi Bitcoin Strategy ETF is the last on a queue at the SEC desk, with ProShares up first on the list. Bitcoin lending platform BlockFi wants to offer a […]

More info

Building ‘OnlyFans on blockchain’ is a huge, untapped opportunity — Dfinity founder

Attempts by traditional financial institutions to censor adult content on OnlyFans have highlighted the need for decentralized platforms, according to Dfinity founder Dominic Williams. Dfinity founder Dominic Williams believes content creation platforms like OnlyFans are ripe for disruption now that decentralized technologies have become mainstream. He’s inviting developers to build a blockchain-driven content platform on Internet Computer (ICP) — a powerful general-purpose blockchain launched by Dfiniity Foundation earlier this year. In an interview with Cointelegraph, Williams discussed recent attempts by financial institutions to censor adult content creation […]

More info

Price analysis 10/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Bitcoin and select altcoins are facing selling at higher levels, indicating that short-term traders may be booking profits after the recent rally. Bitcoin’s (BTC) rally above $50,000 seems to have received a boost from institutional buyers who are looking to hedge their portfolio against increasing inflation, said JPMorgan in a note to its clients on Oct. 7. The bank’s analysts speculated that institutional investors may be preferring Bitcoin over gold as a better hedge against inflation. A recent study titled “Cryptocurrencies and the Sharpe Ratio of Traditional […]

More info

Powercrypto Holdings to launch BTC & ETH mining in Hong Kong

The venture seeks to utilize sustainable energy practises throughout the operation process. A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, have announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ethereum (ETH) in Hong Kong. The company plans to deploy a total of 2,600 first-grade mining rigs, comprising of 600 BTC mining machines operating at a hashrate of 60 PH/s, as well as a further 2,000 ETH mining machines which harness a hashrate power of 1,000 GH/s. According to the […]

More info

Ethereum risks drop below $3.2K as ETH price faces heavy resistance

A confluence of at least three different bearish indicators appears on Ethereum’s multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion. Ethereum’s native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone. In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization from under $3,000 to above $3,650 in the first eight […]

More info

Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8

Mirror opens decentralized blogging to the public, a Bank of America report is bullish on DeFi, and MakerDAO considers climate initiatives. Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders.  What you’re about to read is a more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below. Mirror expands blockchain blogging to […]

More info

Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community

Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative ideas. Initiative Attempts to Tie Symbol to Bitcoin’s Smallest Unit Most people know that Satoshi Nakamoto is the inventor of the Bitcoin protocol, the “purely peer-to-peer version of electronic cash” that was […]

More info

BitMEX CEO: Five Countries Will Accept Bitcoin As Legal Tender By The End Of 2022

Remittances, inflation, and politics will prompt at least five developing countries to accept BTC as legal tender by the end of 2022, says Alexander Höptner. “My prediction is that by the end of next year, we’ll have at least five countries that accept Bitcoin as legal tender. All of them will be developing countries,” the BitMEX CEO wrote. High inflation rates, hefty remittance fees, and political incentives might spur developing countries to follow El Salvador’s steps and adopt BTC as a legal tender next year. In Alexander […]

More info
1 2 3 5