Bitcoin (BTC) and Ether (ETH) are testing psychologically important support levels at $60,000 and $4,000 respectively. Both these levels are critical to keep the uptrend intact in the short term. While the fall may scare off leveraged traders, Bitcoin whales seem to be viewing this dip as a buying opportunity. On-chain data shows that the third-largest Bitcoin whale added 207…
In brief Autograph, an NFT platform co-founded by Tom Brady, is releasing new types of sports collectibles after selling out of its initial offerings. The platform is expanding into movies and music verticals, as well, and recently added The Weeknd to its board of directors. Tom Brady has found success both in and out of the NFL, including in the…
The Bitcoin Week is taking place in El Salvador this week, hosting a range of events in the country’s capital. The week’s most prominent event is LABITCONF, the Latin American Bitcoin & Blockchain Conference, which will bring together some of the brightest brains in the Bitcoin community on Thursday, November 18, and Friday, November 19. Another major event, Adopting Bitcoin,…
Private bartering blockchain Anoma Network has raised $26 million (24 million Swiss francs) from some of crypto’s biggest venture funds as it seeks to reimagine the age-old practice of exchanging goods without using money. Anoma Network will use the proceeds to advance its proof-of-stake blockchain, which has been designed to facilitate private transactions using “asset-agnostic bartering.” Bartering refers to the…
Fidelity has been approved by Canadian regulators to become the country’s first bitcoin custodian.The move paves the way for more Canadian institutions to invest in bitcoin, including pension funds, portfolio managers, mutual funds, and ETFs.Fidelity will launch its service in the form of a bitcoin trading and custody platform catered to institutional investors. Fidelity Canada has been given the green…
Residents of Los Angeles, sports fans, and social media personalities are making light of Crypto.com’s agreement to rename the city’s Staples Center for its own marketing purposes. The Staples Center, a multi-purpose arena that has been home to the Los Angeles Clippers, Lakers and other major sports franchises for years, is scheduled to be renamed as the Crypto.com Arena starting…
Watch This Episode On YouTube Listen To This Episode: In this informational episode, “Bitcoin NBttom Line” host and Valkyrie CIO Steven McClurg invited Nasdaq’s head of exchange-traded products, Giang Bui, to discuss exchange-traded funds (ETFs) and more. The two kicked it off with a discussion about the process of getting an ETF up and launched. This process, lasting anywhere from…
The crypto asset bitcoin has seen a phenomenal year gaining 261.5% over the last 12 months and the second leading crypto asset, ethereum, rose by 819.9% since mid-November 2020. However, a slew of digital currencies saw much larger gains during the last 12 months and a dozen crypto assets have gained anywhere between 7,000% to a whopping 27,000% in value.…
In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not needed. Top Stablecoins by Market…
In brief Epic Games CEO Tim Sweeney said this week that “no company can own” the metaverse, a projected future vision of the internet. Sweeney sees a “multi-trillion-dollar” opportunity in the space, which Facebook and many crypto startups are also exploring. The developing online metaverse has gotten a lot more attention lately on the back of Facebook’s rebranding to Meta,…
