Monthly Archives: October 2021

Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value one day, too. U.S. Cutting the Branch It’s Sitting on, Putin Says U.S. dollar-denominated settlements are declining and countries are scaling down their dollar reserves, Russian President Vladimir Putin said in an […]

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Quantifying The Bitcoin Supply Shortage

Bitcoin is at the lowest level of float supply in the last four years, since the price increased 21 times in just 12 months. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. When looking at the bitcoin supply, it’s important to consider the state of the float supply, an estimation of the available bitcoin on the market for […]

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Valve removes blockchain games, tells users not to publish content on crypto or NFTs

“Steam’s point of view is that items have value and they don’t allow items that can have real-world value on their platform,” claimed one game developer. Video game corporation Valve has informed users no content related to cryptocurrencies or nonfungible tokens will be allowed through its Steam marketplace. As reported by game developer SpacePirate on Oct. 14, Steam has updated its guidelines for what content creators are allowed to publish on the platform. According to Steam, no applications built on blockchain technology that “issue or allow exchange […]

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Privacy-focused altcoins soar after Bitcoin’s ETF news sparks a market-wide rally

Altcoin projects focused on privacy caught a bid today as the bullish sentiment building over a possible Bitcoin ETF approval spreads across the market. Traders and the market are showing extreme optimism on Oct. 15 after rumors and an assortment of documents suggest that the path toward a Bitcoin ETF approval has fewer obstacles lying ahead. Following the positive news, the price of Bitcoin (BTC) rallied to nearly $63,000 for the first time since April and multiple altcoins saw their prices book triple-digit gains. Top 7 coins with […]

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BREAKING: ProShares follows Valkyrie in approval for listing Bitcoin Strategy ETF

Bloomberg analyst James Seyffart reported the crypto futures ETF would be listed with the ticker symbol BITO possibly as early as Oct. 18. The U.S. Securities and Exchange Commission has accepted the registration request for ProShares’ Bitcoin Strategy ETF, with the shares to be listed on the New York Stock Exchange’s Arca. According to an Oct. 15 notice from the Securities and Exchange Commission, or SEC, the agency has accepted the registration of securities from ProShares Trust’s Bitcoin (BTC) Strategy exchange-traded fund, which offers exposure to the […]

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Four Venture Capitalists Just Over-Subscribed Ertha’s Seed Funding Round in One Day

Ertha’s metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding from 4 venture capitalists. Investors who backed the project seed funding round: Mars4 Terranova X21 Momentum 6 NFTs have been gaining a lot of attention over the current year and have attracted investments from both individuals and institutions. A Little About Ertha Ertha […]

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Traders celebrate Bitcoin’s impending ETF, but options markets are less certain

Everyone is cheering for the BTC ETF, but options markets data shows that the implied probability for Bitcoin trading above $70,000 on Oct. 29 is just 25%. The United States Securities and Exchange Commission, or SEC, is expected to rule on Oct. 18 whether to approve an application from asset manager ProShare Capital Management for a Bitcoin exchange-traded fund (ETF).  As previously reported by Cointelegraph, SEC Chairman Gary Gensler recently suggested that the regulator is more inclined to approve indirect-exposure Bitcoin futures ETFs under the Investment Company […]

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Senator Cynthia Lummis On US Debt Limit Raise: “Thank God For Bitcoin”

The Wyoming Senator delivered a speech saying we’re lucky to have Bitcoin amid governmental irresponsibilities. “Thank God for Bitcoin…that transcends the irresponsibility of governments,” Senator Cynthia Lummis said. Sen. Lummis’ remarks came in response to the Senate’s approval of a bill to increase the U.S. debt limit by $480 billion. “Time and again…presidents of both parties have run up the debt irresponsibly with no plan to address it.” Bitcoin is a blessing of God amid irresponsible policies at the government level, said Senator Cynthia Lummis in a […]

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ShapeShift hopes to create ‘rarest and most historical’ NFTs with 80% trading card supply burn

According to the exchange, it plans to retain 16 cards from the blockchain-based game Spells of Genesis to sell before 2022 and give the remaining 16 to its DAO. Non-custodial cryptocurrency exchange ShapeShift has burned hundreds of themed collectable “cards” from the blockchain-based mobile game,  Spells of Genesis. The team said that the remaining cards in its possession will be placed under the control of its new DAO, and unlocked in limited tranches over the coming two years.  According to on-chain data, ShapeShift has burned at least […]

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Bitcoin all-time highs ‘just a matter of time’ after a BTC ETF approval looks certain

Bitcoin price spikes above $61,800 as the promise of a BTC ETF approval reignites the discussion on whether the top-ranked cryptocurrency will hit $100,000 by the end of the year. Optimism is bordering euphoria in the cryptocurrency market after a trove of documents pointing toward the eventual approval of Valkyrie’s Bitcoin (BTC) ETF application by the U.S. Securities Exchange Commission before the end of the month.  Data from Cointelegraph Markets Pro and TradingView shows that the price action for BTC spiked in the early trading hours on Friday […]

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