Bitcoin (BTC) briefly dipped below $63,000 later on Oct. 21 as a standard correction cooled the market.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for new support at old peakData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time highs above $67,000 to hit lows of $62,860 on Bitstamp.The roughly 6% drop from its peak came as…
Funded by crypto heavyweights, new crypto unicorn Worldcoin revealed its plan to let everyone claim free coins to accelerate global crypto adoption.Providing the world population with free cryptocurrency sounds like a moonshot project, but $25 million in backing from Andreessen Horowitz, Coinbase Ventures, confirmation1, Blockchange and Day One Ventures, and a valuation of $1 billion adds some weight to the…
In brief Worldcoin is billed as a new global cryptocurrency. To get a free share, you have to show “the Orb” your eyes. The digital world runs on eyeballs. Nearly every website you visit competes for readers so they can monetize your attention via ads. And one of the main players in the Silicon Valley tech scene who has helped…
In brief Mojito, an NFT commerce suite developed by Serotonin, has raised $20 million in funding. The technology powers the new Sothebys Metaverse marketplace, and the auction house is among the investors. The NFT market isnt slowing down, as evidenced by $10.67 billion of trading volume in Q3 2021more than four times as much as the first half of the…
The odds of the United States Securities and Exchange Commission (SEC) approving a Bitcoin (BTC) exchange-traded fund (ETF) before a physical Bitcoin ETF are higher than ever, courtesy of Chairman Gary Gensler’s now oft-repeated preference for the former.But here’s the issue: an ETF built around crypto futures isn’t the most efficient, economical or easiest route. Physically backed products are. They’re…
Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF) is poised to follow the launch of ProShares’ Bitcoin Strategy ETF this Friday.Valkyrie Bitcoin Strategy ETF is finally effective and is set to start trading on Nasdaq under the ticker BTF on Oct. 22, Valkyrie confirmed to Cointelegraph on Thursday.The launch comes after the United States Securities and Exchange Commission, or SEC, granted a…
Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream.The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by the end of next year, at…
In brief The AP will use a Chainlink oracle to automate news distribution. Data will be secured using Chainlink technology. The Associated Press, a collective of more than 1,300 newspapers and broadcasters, is moving further into decentralized news and publishing. Today it announced a partnership with Chainlink Labs, and the AP is now launching its own Chainlink node to provide…
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US.On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.“Shouldn’t be happening”In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges,…
FTX, the second most popular crypto exchange after Binance, has announced its riding on a new valuation of $25 billion after raising $420,690,000 in a funding round of 69 investors, including the Ontario Teachers Pension Plan and asset management giants BlackRock and Tiger Global. The new funding round comes just three months after FTX raised $900 million in a Series…
