On late Wednesday night, the popular social platform Reddit announced that it has started the process of making the company public. The company filed a confidential S-1 with the Securities and Exchange Commission (SEC) informing them of their intentions for going public. Per SEC regulations, they cannot provide any details about shares or prices until after a quiet period is…
Month: December 2021
USDC Sees Native Launch on Avalanche – Bitcoin News
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly on Avalanche’s C-Chain, saving on fees and eliminating the need for…
Wall Street financial advisor LionTree explores crypto payments
Wall Street financial advisor that helped Amazon acquire MGM studios this year is exploring crypto payment options. LionTree, a popular financial advisor and investment banking firm, is looking into cryptocurrencies as a payment option. In its year-end letter, Chairman and CEO Aryeh Bourkoff talks about crypto as a potential tool for empowering individuals and explores some of the biggest trends…
It’s been 3 years since BTC bottomed at $3.1K
Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month. Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close. Three years, 2,125% upside Despite disappointing when it comes to end-of-year price expectations, BTC/USD remains an order of magnitude higher…
AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities – Cointelegraph Magazine
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Limping out of 2021 Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on the unfortunate end of a $150m hack. This…
Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs – Bitcoin News
On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don’t want to sell their NFTs. Nexo to Offer Loans for Bored Ape and Cryptopunks NFT Collateral…
Bitcoin Futures Market Explained Price Manipulation
The Problem Enemies with unlimited cash (The Federal Reserve Board or the International Monetary Fund, for example), can suppress the price of bitcoin; here, I demonstrate why their suppression can have only temporary effects. Exactly what price suppression can achieve, long term, is debatable and not the topic of this article. I will just explain how price suppression can be…
Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes – Blockchain Bitcoin News
On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney, and the comic series Punks Comics. Adidas Reveals ‘Into the Metaverse’ Originals NFT Collection Adidas continues to embark on its mission to enter…
BitDAO Forms DAO With Harvard, Oxford Student Groups to Fund Crypto R&D
In brief BitDAO has partnered with student groups and faculties of some of the world’s most prestigious universities to form EduDAO. EduDAO will serve as an independent steering committee for project grants, research, and product development. There’s a generation gap in crypto. A May survey from Mastercard, for instance, found that millennials are more interested than any other age group…
Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million – Finance Bitcoin News
Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $70 million, which brings its valuation to $540 million. Bitcoin-Backed Mortgage — ‘The First Product of Its Kind to Hit the Market’ Ledn announced Wednesday…