A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate Committee Calls for Accommodating Crypto…
Two or three weeks ago, when Bitcoin (BTC) was trading below $52,000, a trader betting on $65,000 by Oct. 22 would have been considered extremely optimistic. The fact that 98% of the put (sell) options for Bitcoin’s weekly options expiry this Friday have been placed below that price proves that this is true.Fast forward to this week, and the successful…
Changelly welcomes the VIDT token, which from now on will be available on the platform. Users can quickly and easily exchange VIDT tokens at floating rates. VIDT Datalink is a hybrid blockchain validation and NFT creation platform, which is already in use by numerous integrators. VIDT aims to secure authenticity through data integrity, thereby providing the fundamental checks needed for…
Inflation concerns are driving Bitcoin’s record run, JPMorgan strategists said. Gold is failing to perform as an inflation hedge, prompting investors to rotate into BTC. “We believe the perception of Bitcoin as a better inflation hedge than gold is the main reason for the current upswing,” the strategists said. Concerns that inflation will keep rising and not be transitory is…
The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto.According to an Oct. 21 Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to execute the purchase of $25 million in Bitcoin (BTC) and Ether (ETH). Public records through the Texas comptroller’s office show…
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at when making trades and altcoins to…
In brief NFT platform Autograph has added musician The Weeknd and FTX CEO Sam Bankman-Fried to its board of directors. The startup plans to launch music NFTs, joining its existing sports and upcoming movie collectibles. Autographan NFT platform co-founded by NFL quarterback Tom Bradylaunched its first collectibles in August, focusing entirely on sports offerings to start. But the firm has…
We’re thrilled to announce that Kraken now supports Bifrost (BNC)! Deposits and withdrawals are available starting now. Trading will begin October 26 at approximately 15:30 UTC. Note: Trading is not available to residents of the USA, Canada, Australia and Japan. What is Bifrost? Bifrost provides staking liquidity to anyone accessing its network. This means token holders can stake any cryptocurrency,…
The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, in terms of cryptocurrencies held…
Tesla has published its Q3 earnings, reporting a $51 million impairment charge on its Bitcoin holdings last quarter. Over the last year, Teslas CEO Elon Musk has been a vocal acolyte of crypto on Twitter. He regularly pumps Dogecoin, and on February 8 this year, Tesla announced it had invested exactly $1.5 billion in Bitcoin. In the lingo of accounting,…
