Since its launch on Oct. 19 Proshares Bitcoin futures exchange-traded fund (ETF) has been a popular choice with traders, rising to the top 2% of all ETFs in terms of total trading volume. Bloombergs Senior ETF analyst Eric Balchunas noted on Nov. 11 that the ProShares Bitcoin Strategy ETF (BITO) had $400 million worth of shares traded yesterday, with its…
The launch of ETH2 staking service Rocket Pool saw it hit its stage two cap in just 45 seconds according to the co-founder of hosting partner Allnodes Konstantin Boyko-Romanovsky. In its first two days of operations, Rocket Pool has registered 237 node operators across 42 global locations, with 1088 ETH staked. According to an announcement the platform now has Total…
In brief Terra voted to burn a sizable percentage of tokens. The price nearly reached a record high on Wednesday, before dropping. Nothing gets demand up quite like decreasing supply. At least, that’s what’s supposed to happen. Just ask Terra, the community charged with maintaining the LUNA utility token protocol and terraUSD stablecoin developed by Terraform Labs. On Tuesday, the…
The below is a direct excerpt of Marty’s Bent Issue #1109: “A neural network is developing between Lightning Nodes.” Sign up for the newsletter here. Above is a visualization of the current Lightning Network topography made up of ~16,000 Lightning Nodes with ~140,000 payment channels opened between them. I don’t know if I’m simply being duped by some visualization magic,…
Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said. I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more sinister and threatening than it appears on the surface, the Liberal Senator for New South Wales said in…
Consumers in the United States and around the world continue to feel the pinch of inflation and recent data shows that the Consumer Price Index (CPI) rose 6.2% in October when compared to last year, a development which further cast doubt on the transitory inflation narrative coming out of the Federal Reserve. Inflation at 6.2% means that if we keep…
The chief operating officer (COO) of Robinhood Crypto has provided an update on the company’s upcoming cryptocurrency wallet launch. The executive also discussed Robinhood’s listing strategy in response to the question of whether the platform will list shiba inu (SHIB) cryptocurrency. Robinhood Crypto’s COO Discusses Listing Strategy as Petition to List SHIB Gains More Supporters Christine Brown, Robinhood Crypto’s COO…
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. As the bitcoin price hits another all-time high, let’s dig into the behavior of what older coins are doing on the network. Their…
In brief American CryptoFed became the first legally recognized DAO in the U.S. this year. But it has already run into trouble with the SEC. The U.S. Securities and Exchange Commission (SEC) today stopped the first legally recognized decentralized autonomous organization in the country from registering its crypto tokens as securitiesalleging it put out misleading information to would-be investors. American…
Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Both of these massive transactions took place on the same day bitcoin reached an all-time price high at $69,000. 2013 Whale Transfers 2,207 Bitcoin Worth $147 Million On Wednesday, November…
