Blockchain tracing platform Chainalysis announced today the execution of a bitcoin purchase through NYDIG for the firm’s balance sheet, marking an advancement of a long-standing partnership between the two companies. Despite the bullish purchase, Chainalysis is still a surveillance company acting in self-interests and against the Bitcoin ethos. “Our expanding partnership with Chainalysis is a mutually beneficial relationship,” said Nate…
Following shiba inu’s 260% gains during the last 30 days, the third-largest meme-based crypto asset in terms of market capitalization, baby doge coin (BABYDOGE), has taken the lead in terms of market performance. Another meme asset, dogelon mars (ELON) has soared 286% this past week. Moreover, during the last seven days, baby doge coin’s price spiked 40% in value and…
Grayscale Investments, the world’s largest crypto currency asset manager announced today that the NYSE Arca has filed to convert the firm’s flagship product, the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF. The filing comes on the first day the ProShares Bitcoin Futures ETF, the first Bitcoin ETF in the U.S., began trading. The proposed ticker for the Bitcoin…
Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala on Tuesday. Beginning Oct. 19, a small cohort of users in both countries will be able to download the Novi digital wallet app on iPhone or Android devices and add money to…
First bitcoin ETF in the U.S. has gone live in the NYSE under the ticker BITO. The ProShares Bitcoin Strategy ETF invests in bitcoin futures instead of holding actual spot BTC. A second bitcoin futures ETF is set to start trading this week. The ProShares Bitcoin Strategy ETF has started trading in the New York Stock Exchange (NYSE) Tuesday morning…
The market for nonfungible token, or NFT, digital artwork is taking on the traditional art industry. Within the first six months of 2021, analytics firm DappRadar recorded $2.5 billion in NFT sales, showing a major increase from the $13.7 million in sales during the same time period in 2020. Christie’s auction house reported $93.2 million in NFT sales during the…
The U.S. dollar index (DXY) could continue its slide in Q4, according to a classic technical setup known as a “rising wedge.” The greenback’s bearish prospects may boost Bitcoin’s (BTC) price to new all-time highs as it holds above $62,000.DXY poised for another 1.75% dropRising wedges are bearish reversal patterns that begin wide at the bottom but contract as the…
Changelly continues to expand its family of over 200 cryptocurrencies available on the platform making it possible for users to quickly and easily exchange CELO tokens at floating rates. Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users. By using phone numbers as public keys, Celo hopes to introduce the world’s billions of smartphone owners, including…
Concurrent to the United States finally launching its first Bitcoin (BTC) futures-based exchange-traded fund (ETF) Tuesday, France inches closer to a major Bitcoin-related ETF launch.Paris-based alternative investment firm Melanion Capital is preparing to launch its Bitcoin-linked ETF product already this Friday, the firm’s CEO Jad Comair announced to Cointelegraph on Monday.Called “Melanion BTC Equities Universe UCITS ETF,” the Bitcoin ETF…
Due to the growing popularity of large cryptocurrencies, such as Bitcoin and Ethereum, we often do not pay attention to other digital assets. And that’s in vain, as some of them from a certain point of view may be more reliable and profitable. Such an example was the IOTA cryptocurrency, the prospects and characteristic features of which we will try…
