How Coinbase, Square and Fidelity will support Bitcoin

2021-4-7 23:00

To contribute to Bitcoin and crypto regulation, 4 prominent partners have formed the Crypto Council for Innovation (CCI). Created by investment firm Paradigm, crypto exchange Coinbase, payment processor Square, and investment firm Fidelity Digital Assets.

The initiative aims to lobby on behalf of the cryptocurrency industry, conduct research, and promulgate the benefits of this asset class as well as its underlying technology to society. In a post via its Twitter handle, the Crypto Council for Innovation claimed:

We’ll provide useful information – and dispel misinformation – for policymakers, regulators, and citizens around the world. We all want the same thing from technology: to create better lives for human beings. The road to making that happen is paved with high quality information.

Initially, the organization will focus on 3 key areas, singled out for their potential to “transform lives and the livelihoods” of people for the better. First, the Crypto Council for Innovation will seek to contribute towards strengthening the economy and creating more jobs.

In addition, the initiative aims to create a more “accessible and inclusive” financial system. Finally, the organization will seek to enhance privacy and security for all individuals.

On its website, the ICC states that the scope of its cooperation is global. Among other tasks, the organization said they will share data on cryptocurrencies to counter “misinformation”.

In parallel, they will seek the support of governments and institutions around the world to “encourage responsible crypto regulation”. In a subsequent post, CCI stated:

This potential, like crypto itself, transcends borders. There’s no state too rich, region too poor, village too remote to benefit from crypto. That is why our scope is global. Wherever you are, our doors are open. Join us to unlock the promise of crypto!

Announcing CCI #bitcoin https://t.co/cT3AQf0op7

— jack (@jack) April 6, 2021

Bitcoin’s supply crisis deepest

At the time of writing, Bitcoin is trading at $58,189 with sideway movement in the last 24-hours. On the weekly chart, BTC has 0.9% gains and 18.7% in the 30-day chart.

BTC moving sideways in the 24-hour chart. Source: BTCUSD Tradingview

BTC is lagging other altcoins in the top 10 by market cap, its price seems to be stuck belove $60,000. However, BTC’s supply on exchanges is on the decline.

Data from Glassnode indicates that over 15,680 BTC has been withdrawal from main exchanges in the last day. As shown by analyst William Clemente, 23,970 BTC have left from trading platforms in the last week and 568,618 BTC in the past year.

This averages out to 1,557 BTC (~$88m) per day over the last year.

There's only 900 BTC (~$51m) mined per day.

— William Clemente III (@WClementeIII) April 6, 2021

The analyst claims that BTC’s outflows from exchanges and Bitcoin miners increasing their buying pressure on the cryptocurrency will contribute to its price appreciation.

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto bitcoin investment fidelity coinbase square firm

crypto bitcoin → Результатов: 126


Фото:

Crypto’s winners and losers: who’s cashing in on the Bitcoin boom?

The cryptocurrency world is awash in new wealth as Bitcoin’s record-breaking climb above $90,000 propels the total value of digital assets past a staggering $3.2 trillion. Forbes estimates that 11 of the top crypto billionaires, whose holdings are predominantly liquid tokens and stocks, have collectively added $38 billion to their fortunes in 2024. Remarkably, $24 […]

2024-11-20 14:48


Bitcoin Price Breaks $60K – Why Is The Crypto Market Up Today?

This is turning out to be a great week for crypto. Bitcoin price just broke past the $60K level for the first time this month. In fact, remember how everybody was saying September is historically bad for crypto? We’re almost halfway through the month, and this is, for now, a “green” month since the BTC […] The post Bitcoin Price Breaks $60K – Why Is The Crypto Market Up Today? appeared first on CaptainAltcoin.

2024-9-14 00:52


Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin

A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions.   Analyst Predicts ETH/BTC Bottom Timeline In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, shared his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle.

2024-5-1 00:00


Samourai Wallet founders’ arrests are ‘a wake up call for crypto’ — Bitcoin pioneer Amir Taaki opines

Bitcoin pioneer Amir Taaki responded to US charges against privacy wallet Samourai & its developers, stating the action reveals that the state targets crypto innovators. The post Samourai Wallet founders’ arrests are ‘a wake up call for crypto’ — Bitcoin pioneer Amir Taaki opines appeared first on Crypto Briefing.

2024-4-29 20:08