Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the “underperformance” of the United States’ first Bitcoin futures exchange-traded fund (ETF). As noted by markets commentator Holger Zschaepitz on Dec. 29, the ProShares Bitcoin Strategy ETF (BITO) is now trading at nearly 30% below its launch price. Anticlimax rounds out 2021 for ProShares…
The number of cryptocurrency ATMs around the world has grown exponentially in 2021, with over 20,000 new installations made since last December. That’s more than the total of all crypto teller machines put into operation in the previous seven years. Close to 34,000 Crypto ATMs Available Globally ATM locations offering users options to buy and exchange cryptocurrencies with fiat money…
Major South Korean crypto exchanges including Upbit, Bithumb and Korbit will follow Coinone’s lead in banning transfers to non-verified wallets, industry analysts say. Yesterday Coinone announced that it would reject deposits from unverified private wallets starting Jan. 24 to reduce the risk of money laundering. All Korean exchanges, including Upbit, Bithumb, Korbit and 20 others, are expected to implement similar…
Times Square NYE party in Decentraland Decentralized Metaverse project Decentraland will unveil the virtual reality version of the iconic Times Square via a New Years Eve party that coincides with the timing of the real life celebration in New York city. The event is called the “MetaFest 2022 NYE Party” and will run until 8:00 am UTC on Jan. 1…
Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people accused of laundering about $384 million using a cryptocurrency exchange platform have been arrested,…
The below is a direct excerpt of Marty’s Bent Issue #1136: “The incentives are screwed: exhibit 21,212.” Sign up for the newsletter here. The externalities of unfettered money printing are extremely overweight to the negative side of the spectrum. When the government has the ability to work in conjunction with central banks to print money ex-nihilo to fund an activity,…
A new crypto-themed restaurant in Florida is slinging hot dogs and shrimp cocktails inspired by Dogecoin (DOGE) and Shiba Inu (SHIB), with the Dogedogs being highly prized by customers. The Clearwater Beach-based venue is dubbed the “Crypto Street Restaurant” and held a grand opening to the public earlier this month with a menu full of names that give a nod…
A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning it into a film studio and streaming platform. Blockbuster Video is an American video rental company founded in 1985 which once had 6,000 stores globally and was valued at over $8 billion, before it shuttered almost all of…
Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He also predicts that crypto will outperform equities in the foreseeable future. Investment Adviser Expects Crypto to Outperform Equities Jacob Walthour, CEO and co-founder of Blueprint Capital Advisors, discussed his outlook for the crypto and equity markets in an interview with CNBC Wednesday.…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In today’s Daily Dive, we’re covering some visuals to illustrate bitcoin’s spot and derivatives market dynamics. We can do this by looking at…
