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XDEFI Wallet, a browser-based service for Decentralized Finance DeFi and NFT assets, now officially supports the layer-1 blockchain protocol Terra on its platform. This new development comes, following several weeks of testing and development. Now with the integration of Terra, the platform is now supporting no fewer than 9 blockchain networks including Bitcoin, Polygon, and Ethereum.
A luxury auto dealership owned by billionaire Tilman Fertitta enters a partnership with bitcoin firm NYDIG that lets Post Oak Motor Cars customers finance their auto purchase with loans secured by bitcoin (BTC-USD). NYDIG is also enabling POMC to use its appreciated bitcoin treasury holdings to finance a new expansion and POMC's employees to allocate a portion of their paychecks to bitcoin (BTC-USD). Bitcoin holders who don't want to sell their bitcoin will be able to access a portion of its value by borrowing U.S. dollars using the bitcoin (BTC-USD) as collateral. The product doesn't require customers to make any interest payments during the life of the loan. Fertitta is also the chairman, CEO and owner of Landry's, which started in restaurants, then expended into hotels and casinos. The company bought Golden Nugget casinos in 2005. He also owns the Houston Rockets NBA team. Bitcoin (BTC-USD) rises 3.1% over the past 24
The co-founder and chief executive officer of crypto exchange FTX is identifying a combination of factors that could hurt the overall crypto market. In a new interview with MarketWatch, Sam Bankman-Fried says that a mix of regulations, liquidations, and sizable crashes could flip the public’s bullish sentiment away from cryptocurrencies and digital assets. “I think […]
Exchange-traded fund (ETF) issuer Direxion is showing interest in launching an ETF that shorts Bitcoin (BTC), the world’s top cryptocurrency. In a filing with the U.S. Securities and Exchange Commission (SEC), the company says that the product, named Direxion Bitcoin Strategy Bear, will provide short exposure to the Chicago Mercantile Exchange’s (CME) Bitcoin futures contracts. […]
Bitcoin and Ethereum visibly displayed signs of revival by noting 4% and 3.8% gains on their daily charts, respectively. Altcoins like Cardano, Solana, and Polkadot obliged by presenting an easing bearish momentum. Cardano (ADA) Over the month, ADA oscillated laterally and assumed consolidation between $2.086 and $2.298 until it hit its two-week high on 21 […]
The US Securities and Exchange Commission (SEC) will not approve leveraged Bitcoin Exchange-Traded Funds (ETF), says a report. SEC Won’t Approve Leveraged Bitcoin Fund As per a report from Wall Street Journal, the SEC has told at least one asset manager not to go ahead with plans for a leveraged Bitcoin ETF. An exchange-traded fund […]
Just last week, the United States’ first official bitcoin-based exchange-traded fund (ETF) began getting traded on the New York Stock Exchange (NYSE). Released by trading firm Pro Shares, crypto investors feel that the product – while imperfect – is a step in the right direction, and yet the SEC’s Gary Gensler is not as optimistic,...
Individuals and even institutions have realized the power of cryptocurrencies. Over the years, traditional financial institutions have begun dipping their toes into digital assets while many others choose to stay out of this pool. Any FOMO concerns here? Well, crypto-tokens have fueled a transformation like nothing seen before – as per this executive of a […]
Crypto analyst Michaël van de Poppe is not a fan of meme coin Shiba Inu (SHIB), which has surged this week while most of the crypto markets cooled off. The trader tells his 458,400 Twitter followers that he hopes SHIB fades away, and says it’s better to seek out other opportunities rather than falling prey […]
Alchemy launched publicly about a year ago and has increased its revenue 15 times over the last six months, in addition to powering more than $45 billion in transactions for users internationally, it said.
October 28, 2021 – London, United Kingdom Scallop is pleased to announce the native SCLP token made its way to PancakeSwap on October 28, 2021. Additionally, Gate.io trading went live on the same date. Providing broader access to Scallop’s ecosystem and asset, SCLP also achieved a world premier listing on the KuCoin platform today – briefly […]
While the crypto-sector has seen exponential growth over the last few years, blockchain-related cyber crimes have also hiked. Cyber security issues and exploitation by hackers have been a major concern across the globe, and the rising frequency of it only adds fuel to the fire. A recent report compiled by Atlas VPN found that the […]
Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE […]
Central Retail Corp, the largest shopping center developer in Thailand, has started distributing its own crypto coin to its employees in malls and restaurants globally on a trial basis with the plan of expanding the currency’s circulation later to also include its customers. 80,000 Employees To Test “C-Coin” As Means Of Payment According to a […]
Tonight, on The Andy Milonakis NFT Show: The infamous Island Boys make an appearance promoting Milonakis’ upcoming NFT collection. That’s at the very end, though. Before that we have a sketch, fights with another group of antagonists, NFT related products, and deep thoughts about the NFT space. All in all, it’s a great show and […]
Key takeaways Shiba Inu (SHIB) recently surpassed Dogecoin (DOGE) by market valuation. The event has raised sentiments that the same could soon happen between Bitcoin and Ethereum. Despite SHIB’s success, leading platforms are still skeptical about listing the asset. Shiba Inu (SHIB), the rave of the moment dog-themed cryptocurrency, finally did the unexpected and flipped […]
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s correction has lasted for over a week now, with its value shedding by over 7% after touching record levels around $67,000. However, the king coin, at press time, was in the middle of […]
The NFT magic is slowly taking over the world, and this time it is Disney. The multinational entertainment and media company is all set to launch a series of digital collectibles featuring beloved characters and items from the most treasured stories. Titled ‘Golden Moments’, the collection is inspired by iconic launches from Pixar, Marvel, and […]
PhotoChromic, a biometrically managed self-sovereign identity protocol built on the utility of Non Fungible Tokens, has announced that it will launch its IDO on the Cardano-based launchpad, CardStarter. The IDO’s registration will open on 8th November, Monday at 3 PM UTC, and the IDO will be held on 15th November, Monday at 3 PM UTC. […]
October 28, 2021 – Singapore, Singapore Krystal, a multi-chain platform to easily access popular decentralized finance (DeFi) services and manage non-fungible tokens (NFTs), debuts its newest service KrystalGO. KrystalGO is a launchpad that allows community members to participate in public rounds of funding by various token projects. In line with Krystal’s mission of simplifying access […]
October 28, 2021 – London, England XDEFI Wallet, the browser wallet built for speed, announced today its integration with Terra, the fourth-largest blockchain ecosystem by total value locked (TVL). While the integration was live for a number of weeks and undergoing testing, it is now live to all XDEFI Wallet users. Émile Dubié, CEO and […]
October 28, 2021 – Eindhoven, Netherlands Bistroo, the peer-to-peer food ecosystem based on blockchain, is delighted to announce that merchants now have the option to accept payment in multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB). This move significantly extends the existing payment options, which include fiat currency and the platform’s native […]
Ethereum’s future includes plenty of bullish-looking “positive dangling carrots,” according to Bloomberg Intelligence’s senior commodity strategist Mike McGlone. McGlone tells his 35,300 Twitter followers that it is only a matter of time before an Ethereum (ETH) exchange-traded fund (ETF) is established. “Rapidly rising Ethereum open interest and volume show that a US ETF is only […]
Twitter Inc.’s billionaire Bitcoiner boss Jack Dorsey is all in on Bitcoin. There’s no denying this. Just recently, he tweeted, “Hyperinflation is going to change everything. It’s happening.” At the time, he added, “It will happen in the U.S. soon, and soon the world.” Dorsey believes Bitcoin is the solution to this issue and many […]
Cream Finance is the latest Ethereum DeFi protocol to suffer another hack. The attackers had used a flash loan attack and made away with $130 million. Cream Finance confirmed the attack via a Twitter post where the project revealed that they were investigating the cause of the hack. The exploit had exposed vulnerabilities in the […]
Anthony Scaramucci – the founder of Sky Bridge Capital and the former White House communications director under President Donald Trump – says that a bitcoin investment he made of roughly $250 million has quadrupled and made him a bitcoin billionaire. Anthony Scaramucci Has Allegedly Made a Lot of Digital Money In a recent interview, Scaramucci...
AXS Investments intends to launch two new Bitcoin-related ETFs, the AXS Bitcoin Strategy ETF and the AXS Short Bitcoin Strategy ETF. The AXS Bitcoin Strategy ETF will be an actively managed fund that aims to invest all or substantially all of its assets in bitcoin futures contracts, according to a filing with the U.S. Securities and Exchange Commission. The fund will compete with other Bitcoin-strategy funds that have launched in the past few days, such as the ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) and Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF). Meanwhile, the AXS Short Bitcoin Strategy ETF will be a -1x inverse Bitcoin-futures ETF according to the prospectus. This fund will provide investors with the opportunity to bet against Bitcoin (BTC-USD) with Futures inside of an ETF wrapper. However, as with other Bitcoin-futures ETFs, neither of these funds will directly invest in bitcoin, as U.S. regulators haven't authorized that at this time. Also, neither funds have an expense ratio listed
Quick TakeYellow Card, which launched in 2019, recently raised $15 million, the largest ever for a crypto exchange based in Africa.With the new funds in hand, it aims to make crypto easy to access across the continent.
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The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside […]
The crypto-industry has seen various products gather steam over the past year, with non-fungible tokens [NFTs] being the rage especially. However, a recent study from DappRadar found that although the sudden popularity of NFTs took the industry by storm, there is no comparison to the value generated by decentralized finance [DeFi]. The DeFi space managed […]
Depending on which part of the world you live in, you will be able to gain access to not only cryptocurrencies, but also blockchain-related products. While a booming market has turned many countries into crypto-allies, some have remained cautious of its volatility, including India. The push towards central bank digital currencies [CBDC] has been hailed […]
H2: Time for India to take cognizance of China’s CBDC development? Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country’s crypto regulations in an interview. Crypto & democracy Shetty emphasized that ‘no democratic nation’ is going ahead with banning crypto. Instead, the countries are looking at ways to regulate the […]
Cardano (ADA) and Solana (SOL) have led the charge of altcoins in the recent round of inflows into the crypto market. Charles Hoskinson, Co-Founder, and CEO of IOHK, the company responsible for building Cardano ($ADA), announced on October 26 that he had signed a memorandum of understanding (MOU) with the government of the Republic of
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on […]
Digital asset exchange FTX is reportedly bringing crypto to the next Super Bowl. According to Bloomberg, the exchange just bought an advertisement slot for the February 13, 2022, event for an undisclosed amount. The National Football League’s (NFL) championship game is one of the most-viewed events in America, and FTX chief executive officer Sam Bankman-Fried […]
According to data from bespoke crypto data analytics firm Arcane Research, the market sentiment for a Bitcoin spot exchange-traded fund (ETF) is no longer bullish as market participants are no longer expecting a spot-based Bitcoin ETF anytime soon. The research firm points to the fact that Grayscale’s Bitcoin Trust is currently trading at its lowest […]
Buoyed by a broader market recovery, Fantom continued its ascent which kick-started on 27 October following a rebound from $2.8. Should FTM make headway towards the neckline of its head and shoulders pattern, further upside lay in wait after a successful breakout. With spot volumes accumulating across exchanges, traders must keep a close eye on […]
After a lot of speculation and waiting, the ProShares Bitcoin Strategy ETF began trading as the first-ever crypto-ETF in the United States on 19 October. Given the multiple rejections faced by ETFs over the years, this fund’s approval managed to stir up a lot of pomp and excitement in the community. The launch of this […]
Aladdin Pro recently implemented a crypto on-ramp solution within its application. Now, users can easily purchase cryptocurrencies with their fiat by using the Aladdin Pro wallet. Aside from this, the platform offers one of the lowest fees for fiat-to-crypto conversion in the entire crypto market. The Aladdin Pro team believes that providing the infrastructure for …
Quick TakeIn this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and fundingAs L1 ecosystems become more connected than ever before, pooling sufficient liquidity for assets has become increasingly important. As always, incentives are playing a critical role in concentrating capital. This week, we dive into Terra, Cosmos, Solana, and Binance Smart Chain