Day: October 14, 2021

BREAKING: Bitcoin Reaches $60K for the First Time Since April

Bitcoin hit the much-coveted $60,000 level for the first time since April 18 on the Bitstamp exchange at 5:19 UTC. Image by The benchmark cryptocurrency is now only 7% away from reclaiming its Apr. 14 all-time high of $64,804, which was hit on the day Coinbase went public. The market cap of the largest

Bitcoin Spikes to $59K on Bloomberg Report About SEC Approving First Bitcoin ETF in US

The price of Bitcoin has spiked to a multi-month high of $59,459 on the Bitstmamp exchange after Bloomberg reported that the U.S. Securities and Exchange Commission didn’t oppose the launch of a futures-based Bitcoin exchange-traded fund in the U.S. Image by The media outlet cites multiple sources familiar with the matter. ProShares Bitcoin Strategy

Bitcoin Pops On Expectation of Imminent BTC Futures ETF Approval By Sec

The deadline is days away for SEC action on two applications for ETFs (exchange-traded funds) tied to Bitcoin futures, and Bitcoin has been climbing steadily all month on rumors that the applications could sail through. On Thursday evening, Bloomberg reported that the SEC will allow the ETFs, which are from ProShares and Invesco, to begin

Why Is Crypto Twitter Abuzz About Tungsten Cubes?

Bitcoin is often referred to as “digital gold,” but the only metal anyone on Crypto Twitter is talking about today is tungsten. And not just any form of tungsten, but a cube of it. Everyone from Bloomberg host Joe Weisenthal (aka @TheStalwart) to CoinShares CSO Meltem Demirors is opining today about tungsten, a 4-inch cube

Dorsey Takes Aim at Web3 Over VC Involvement

Jack Dorsey, CEO of Twitter and Square, criticized the growing Web3 movement today as being heavily controlled by traditional financial institutions and venture capital firms. In a tweet, @notgrubles wrote, “There is no web3, only webVC.” Dorsey responded simply with, “True.” Web3’s Decentralization Woes Jack Dorsey does not seem impressed by Web3 advocates’ claims of

Should Bitcoin Journalists Hold Bitcoin? A Modest Proposal

Traditional wisdom in financial reporting holds that it is unethical to be heavily invested in an asset you are covering. After all, it’s tricky to be impartial when writing about a project on which vast tracts of your wealth depend. Just as a reader might appraise warily a report on Apple’s glowing financials written by,

FTX to Launch ‘NFT Lotería’ Game on Solana to Fund Program for Hispanic Engineers

Lotería has endured for centuries as a popular game in Mexico, and soon it will make the jump into the crypto world as well. Today, cryptocurrency exchange FTX and crypto gaming firm Animoca Brands announced plans to create an NFT-centric version of the game that will launch on the Solana blockchain blockchain . Dubbed NFT

Ethereum Could Be on the Verge of New All-Time Highs

With more than $30 billion worth of Ethereum out of circulation, it appears that prices may be about to experience a supply shock . Still, ETH has at least one barrier to overcome before it can hit new all-time highs. Ethereum Faces One Last Resistance Ethereum looks like it may be primed for a breakout

Morningstar Ventures Commits $15 Million USD To Invest In Projects Building On Elrond Network And Opens An Elrond Incubator in Dubai

Blockchain innovation accelerator Morningstar Ventures is investing resources into developing projects built with Elrond. The firm is also establishing an Elrond Incubator in Dubai. Morningstar Ventures Invests in Development on Elrond Morningstar Ventures, the dynamic accelerator of ambitious ideas in the blockchain space, has announced a $15 million USD investment fund aimed at projects building

Coinbase Calls for Single Regulator to Oversee Crypto Markets

Coinbase issued a proposal on Thursday for a new crypto regulatory regime that would see the U.S. replace the patchwork of agencies overseeing the industry with a newly-formed single federal regulator. The call for a single regulator was one of four pillars that Coinbase says should inform the government’s approach to crypto oversight, which were

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