Monthly Archives: December 2021

Okcoin hires former Facebook spokesperson Randi Zuckerberg to grow female user base

With the hiring, Okcoin has many women in key leadership positions, including CEO Hong Fang as well as head of content and brand Mandy Campbell. Cryptocurrency exchange Okcoin has announced Randi Zuckerberg — the sister of Meta CEO Mark Zuckerberg — will be joining the platform’s brand advisory council in its aim to bring more women into crypto. In a Thursday announcement, Okcoin said that in addition to hiring Zuckerberg, the exchange would be committing $1 million in an attempt to reach a 50% female user base […]

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Regulatory fears put a damper on Ethereum traders’ $5,000 target

This week, ETH price came within 2% of a new all-time high before U.S. lawmakers announced a hearing to discuss stablecoins and the need for eventual regulation. This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry. ETH/BTC price at FTX. […]

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MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products

The Latin American e-commerce platform selected Brazil to kick-off crypto payments via its MercadoPago application. MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency. Today marks another huge […]

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Gaimin․io Developed a PC-Based Platform to Create a Global, Decentralized Data Processing Network

UK and Swiss based gaming and blockchain company, GAIMIN.IO Ltd has developed a PC-based platform to create a global, decentralised data processing network with “supercomputer” level performance. The GAIMIN platform utilises underused processing power available from high performance GPUs and rewards users in its own cryptocurrency, GMRX, for participation in the GAIMIN data. Why is the GAIMIN platform needed? The Digital Revolution has created a large number of new industries, each with their own ever increasing demand for processing data. The powering of blockchain computations is one […]

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WazirX, Presearch and Komodo rally after data shows a surge in user activity

A surge in user activity and new token listings allowed WRX, PRE and KMD to shake off the week-long crypto market downturn and post double-digit gains. The characteristically volatile nature of the cryptocurrency market is back in full force on Dec. 2 after the optimism of the past couple of days has transformed into fear and Bitcoin price slid back below $57,000. Despite the pressure being exerted on many of the top cryptocurrencies, several altcoins have managed to buck the trend and post double-digit gains on Dec. […]

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SEC rejects WisdomTree’s application for spot Bitcoin ETF

The Cboe BZX Exchange used the examples set by CME’s crypto futures products in its argument for approval, but the SEC rejected them. The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year. According to a Wednesday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust. Specifically, the SEC said any rule change in favor […]

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Report: Goldman Sachs And Other Wall Street Banks Are Exploring Bitcoin-Backed Loans

Goldman Sachs is among a handful of top-tier banking institutions in the U.S. seeking to take bitcoin as collateral for loans. Goldman Sachs and a handful of other Wall Street banks are exploring ways to do institutional cash loans with bitcoin as collateral, CoinDesk reported. The report cited three people familiar with the plans of a group of tier-one U.S. banking institutions interested in the activity. However, most banks would not custody “physical” bitcoin to make the loans but instead, resort to synthetic products such as futures. […]

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Crypto Biz: Wall Street veteran launches $1.5B crypto fund, MELD ISPO shines spotlight on Cardano, Dec. 2

The Crypto Biz newsletter is delivered weekly to your inbox. Join the mailing list to stay up-to-date on the week’s biggest business stories. Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding mechanism allowing users to access early-stage crypto startups shined the spotlight on Cardano’s massive community. One of Latin America’s biggest crypto exchanges raised $50 million in private funding to expand its operations. 1inch Network raised another $175 million from leading […]

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First NFT-focused ETF lists on NYSE Arca

The launch comes as Cointelegraph Research projects nonfungible token (NFT) sales will hit nearly $18 billion by the end of the year. On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year. The fund does not directly buy and hold NFTs to store in wallets. Instead, it tracks an index of […]

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Payments Company Square Rebrands to ‘Block Inc.,’ Crypto Service Will Be Called ‘Spiral’

Following Jack Dorsey’s resignation announcement on Monday, two days later Dorsey’s payments company, Square Inc., disclosed that it was rebranding and changing its name to Block Inc. The company said the name Block has “many associated meanings” including the term “blockchain.” Square Changes Name to ‘Block’ — Square Crypto Rebrands to ‘Spiral’ On Wednesday, Square Inc., the firm founded in 2009 by Jack Dorsey and Jim McKelvey has decided to change its name following Facebook’s rebrand to “Meta.” The news follows Jack Dorsey’s resignation announcement when he […]

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