Monthly Archives: December 2021

Bitcoin And The Orange Party

Bitcoiners will shape the American political system, and they can and should work to proactively bring about proper Bitcoin legislation. Bitcoin is for everyone. Not only is Bitcoin for everyone, Bitcoin is the first financial system that doesn’t even require you to be a human to use it. Eventually, inanimate objects, artificial intelligence scripts, self-driving vehicles and non-human intelligence alike will all be able to access the network by simply holding the private keys to a Bitcoin wallet. Deflationists and entrepreneurs are salivating at the bit for […]

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Data shows pro traders are currently more bullish on Ethereum than Bitcoin

ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9.  ETH/BTC pair at Coinbase. Source: TradingView To put things in perspective, Ether’s $490 billion market capitalization currently represents 54% of Bitcoin’s $903 billion. This ratio […]

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WisdomTree amends Bitcoin ETF application, naming US Bank as custodian

U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group. New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank as its custodian.  In a Wednesday filing, WisdomTree listed U.S. Bank National Association as the custodian for shares of its Bitcoin (BTC) trust. The filing is an amendment to its March 11 registration for a spot Bitcoin exchange-traded fund, or ETF, […]

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CFTC Commissioner Opposes Regulation by Enforcement, Says Crypto Needs Clearer Rules

A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the U.S. Securities and Exchange Commission (SEC) are taking to regulate the crypto industry. The commissioner is a vocal proponent of clarifying guidelines for crypto assets. In an interview with the Financial Times, […]

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Florida Governor: We Welcome Bitcoin

Ron DeSantis reportedly said he wants to make sure his state is friendly to Bitcoin and cryptocurrency. Florida Governor Ron DeSantis has reportedly proposed programs to make his state friendlier to Bitcoin innovation. The governor’s move gives Miami Mayor Francis Suarez state-level support, adding to the previous aid received at the county level. “Our view as the state government is this is something that we welcome and we want to make sure that the state government is crypto-friendly,” DeSantis said, according to a Bloomberg report. DeSantis proposed […]

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Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods

Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions. Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and Colombia who shared their positive experiences with Reserve.  Reserve is a tool to exchange fiat currency like Venezuelan bolivares for U.S. dollars via the Reserve (RSV) stablecoin. From everyday purchases to family […]

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Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users

“It’s unlikely that a native on-chain solution will supersede [layer-one] solutions like Stacks,” said Mitchell Cuevas, head of growth at the Stacks Foundation. The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering in the United States. Mitchell Cuevas, head of growth for the Stacks Foundation, held an exclusive ask-me-anything, or AMA, session with Cointelegraph […]

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Microsoft leads startup Palm NFT Studio’s $27M series B round

M12 adds early-stage Palm NFT Studio to its portfolio with participation from venture firm Griffin Gaming Partners. Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum cofounder Joseph Lubin, provides strategic and technical services for creators to build NFT marketplaces.  Other major backers include Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, the LAO, Warner Bros., and SK Inc. According to the statement issued on their company […]

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Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market

Bitcoin price succumbed to another wave of selling, but analysts say the current market structure at $47,500 mirrors the early bull-market from 2017. Crypto markets tanked again after Bitcoin (BTC) price slipped to $47,500 on Dec. 9, but most analysts agree that the price is destined to remain in the $40,000 to $55,000 range until the holiday season has passed. BTC/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that the early morning defense of the $50,000 support level was overwhelmed by sellers and […]

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Crypto Biz: Smart money ignores BTC price correction as $800M set to flow into blockchain startups, Dec. 9

Crypto- and blockchain-focused capital raises continue to make headlines as venture funds look to support the emergence of Web 3.0. Bitcoin’s (BTC) return to sub-$50,000 levels has many market participants fretting over the legitimacy of their favorite price models. For venture capitalists and other smart money investors, the latest decline is nothing but noise. Instead, they see the emergence of an entirely new economy that is transforming business, redefining monetary value and pushing the internet to a new frontier.  This week’s Crypto Biz newsletter highlights four major […]

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