Monthly Archives: October 2021

Bitcoin bulls target prices above $58K ahead of Friday’s $820M options expiry

$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week. Everyone is talking about a six-figure Bitcoin (BTC) price now that the digital asset has broken out of its multi-month downtrend and confirmed that a bullish trend is in play.  If Bitcoin happens to enter a parabolic move toward $110,000, that would finally match PlanB’s Stock-to-Flow model prediction. According to the pseudonymous analyst, the scarcity and valuation of gold and other precious metals and “Elon Musk’s […]

More info

The Reconciliation Bill May Accelerate Bitcoin Adoption In The U.S.

The proposed bill includes intrusive tax collection measures which would inhibit the productivity of the nation. There’s a strong reason behind the recent wave of bitcoin adoption among the world’s least stable and poorest countries. Bitcoin disproportionately benefits the underbanked and underprivileged because it gives them access to an open global monetary network with predictable policy and low barriers to entry. Although the U.S. has attracted substantial amounts of bitcoin interest and investment since its inception, it’s safe to say that the average American citizen knows little […]

More info

BoE deputy gov: regulators should pursue crypto as a ‘matter of urgency’

The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks. Jon Cunliffe, the deputy governor at the Bank of England for financial stability, said the risks of a growing crypto market on the financial system are “relatively limited” at the moment, but have the potential to grow very rapidly if regulators do not keep pace. In a speech to the Society for Worldwide Interbank Financial Telecommunication on Oct. 13, Cunliffe […]

More info

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.” Seba Earn Lets Clients Generate Rewards From Crypto Investments Seba Bank, a digital asset banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA), announced the launch of Seba Earn Wednesday. The Switzerland-based bank described the new offering as “an institutional-grade […]

More info

Fidelity Director: $100,000 BTC By 2023, Fails To See Bitcoin Power

Jurrien Timmer showcased a profound misunderstanding of Bitcoin and its true potential on CNBC. Fidelity Investments director of global macro Jurrien Timmer appeared on CNBC today to discuss his bitcoin price prediction models, market outlook, and opinion on the current rally. Timmer shared a bearish prediction for BTC, bullish inclinations towards the dollar as the world’s reserve currency, and a profound misunderstanding of the relationship between Bitcoin and gold. Timmer said the over 30 percent rally that Bitcoin has experienced this month had not been fueled by […]

More info

Evergrande, Credit Spreads And Bitcoin

Greg Foss discusses, Evergrande, China’s high-yield market and his valuation model for bitcoin. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I welcomed back Greg Foss to the show to discuss the new articles he’s written on Bitcoin Magazine about Evergrande from a professional in the high-yield credit space. We get to know Foss a little better in this one and discuss, not only the facts of the matter […]

More info

Olympus DAO chases a new ATH after fresh bond offerings and partnerships

OHM price is on the verge of a new high after a series of cross platform integrations, fresh bond offerings and the launch of Olympus Pro prove that the project has strong fundamentals. The rapidly evolving world of blockchain technology offers a wide range of approaches and tokenomic models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several varients over the past year is the ‘rebase’ model, which is designed in a way so that […]

More info

NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens

PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse. Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, is announcing the launch of the first-ever decentralized exchange (DEX) purpose-built for gaming tokens, VulcanDEX. The DEX will allow users of the gaming platform to trade any gaming token without the need to register. Players will then be able to use their newly acquired tokens in their respective game. Users will also be able to […]

More info

How Decentralized Identifiers And Bitcoin Fix The Web

Decentralized Identifiers (DIDs) built on the immutable ledger of Bitcoin can empower users to secure their own personal data on the web. On October 4, 2021, Facebook, along with WhatsApp and Instagram, disappeared from the internet. Their DNS names stopped resolving, and their infrastructure IPs were offline. They were completely disconnected from the internet. At the same time, it was reported that 1.5 billion people allegedly had their personal data stolen from Facebook and posted for sale. To make matters worse, anyone who relied on Facebook to […]

More info

Polkadot to debut parachain auctions after governance vote

The first series of auctions will begin on Nov 11 and run until Dec. 9 Polkadot has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement as it fulfils the final core technical element of the whitepaper published five years ago.  Parachains are uniquely distinctive layer-1 blockchain platforms that operate in laterally alongside the main Polkadot network, in addition to being tethered to the Polkadot Relay Chain. Their purposeful function can […]

More info
1 2 3 6