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Bitcoin Now Awaits The ‘First Week of the Year Effect’ After Lack of ‘Santa Claus’ Rally
The market is struggling to turn bullish as price takes a dip ahead of massive year-end options expiry on Friday, with the “max pain” point at $48k. The post Bitcoin Now Awaits The ‘First Week of the Year Effect’ After Lack of ‘Santa Claus’ Rally first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-29 16:41 | |
Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%
Amidst this, another P2E game DeFi Kingdoms (JEWEL), has captured the interest of users, which is not listed on any exchanges and is seeing a gradual increase in users and transaction volume. The post Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72% first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-28 18:34 | |
Short-term Holders’ Bitcoin Stake Drops as Price Falls Below $50k; Stock Market Rallies to New Highs
Meanwhile, Mexico's third-richest billionaire continues to encourage his followers to invest in bitcoin and avoid fiat while the vice chairman of Alibaba Group announces, “I like crypto.” The post Short-term Holders’ Bitcoin Stake Drops as Price Falls Below k; Stock Market Rallies to New Highs first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-28 16:46 | |
Over 77% of the SOS Airdrop Was Claimed by OpenSea Users
The biggest claim was 63.6 billion SOS tokens, while the smallest was just over $6. The token price is down 43% from its all-time high hit on Christmas Day. The post Over 77% of the SOS Airdrop Was Claimed by OpenSea Users first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-27 19:35 | |
Ray Dalio says, Bitcoin Is An “Alternative Money” While NFTs An Investment; May Also Become A Type of Money
As for Elon Musk putting a literal Dogecoin (DOGE) on the moon, the Bridgewater Associates founder finds it “cute” and wants to know “what's next.” The post Ray Dalio says, Bitcoin Is An “Alternative Money” While NFTs An Investment; May Also Become A Type of Money first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-27 16:36 | |
City of Jackson Takes First Step to Add Crypto to its Employees Payroll
A request for proposal (RFP) has been opened to allow third-party platforms to apply to be the city's crypto converter. The post City of Jackson Takes First Step to Add Crypto to its Employees Payroll first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-24 18:25 | |
Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year
Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-24 16:56 | |
UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon
In his proposal, Polygon co-founder Mihailo Bjelic said they would commit up to $20 million to incentivize Uniswap adoption. The post UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-23 19:41 | |
SEBA Bank Submits A Proposal To Be A Whitelister to Aave Arc
The bank says its clients are showing “significant interest” in accessing DeFi yields, but due to regulatory restrictions, they can’t yet deploy liquidities at a large scale in Aave. The post SEBA Bank Submits A Proposal To Be A Whitelister to Aave Arc first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-23 00:09 | |
Credit Unions Seeking Approval to Hold Crypto Directly to Compete with Banks
Credit unions risk losing members to banks and seeing their industry “start to shrivel” if they can’t offer products that people want. The post Credit Unions Seeking Approval to Hold Crypto Directly to Compete with Banks first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-22 20:07 | |
Loopring Launches L2 Wallet with zKRollup Baked In, Ethereum L2 Developer StarkWare Introduces L3
Loopring also announced direct L2 fiat on-ramps to “onboard the masses” while ZK-rollups focused StarkWare targets applications’ need for specific tailoring with L3. The post Loopring Launches L2 Wallet with zKRollup Baked In, Ethereum L2 Developer StarkWare Introduces L3 first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-22 17:53 | |
Bitcoin Aims for $50k Ahead of Low-Liquidity Holiday Season as Girls Who Code Refuse to “Miss Out” on Crypto
“There's a lot of fear when there's something new,” said Girls Who Code founder Reshma Saujani, who sees a “huge opportunity with crypto and NFTs.” The post Bitcoin Aims for k Ahead of Low-Liquidity Holiday Season as Girls Who Code Refuse to “Miss Out” on Crypto first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-22 16:24 | |
Japanese Messaging App Line With 160 Million Users Is Launching An NFT Platform
“NFTs will transform the digital space and innovate the user experience in all areas, such as content, gaming, social and commerce,” said LineNext CEO. The post Japanese Messaging App Line With 160 Million Users Is Launching An NFT Platform first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-21 18:39 | |
Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows
Purpose Investments recorded the largest inflows yet again while the discount on Grayscale’s Bitcoin Trust (GBTC) hit a new low of 21.36%. The post Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-21 17:36 | |
Binance Signs A Deal With Dubai World Trade Center After DWTC Creates a Specialized Crypto Zone
While Dubai works on setting up an international crypto ecosystem, Russia’s central bank does “not see room for cryptocurrency on the Russian financial market.” The post Binance Signs A Deal With Dubai World Trade Center After DWTC Creates a Specialized Crypto Zone first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-21 17:07 | |
Cryptocurrencies Sees Fresh Signs of Green, But Will It Last This Time?
Investors hope for a Santa Claus rally into the year-end, a positive market performance next week. OI has also begun to rise. The post Cryptocurrencies Sees Fresh Signs of Green, But Will It Last This Time? first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-21 16:40 | |
Bank of England to Coordinate with International Regulators for Stricter Crypto Rules
The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-20 21:44 | |
SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH
Japanese financial services company SBI Holdings has announced the launch of Japan's first cryptocurrency fund for retail investors that will invest in seven major crypto assets. These assets include the top two cryptos, Bitcoin (BTC) and Ether (ETH), which are trading under $47k and $4k respectively, along with Polkadot (DOT), Chainlink (LINK), XRP, Litecoin (LTC), […] The post SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-19 18:01 | |
Federal Trade Commission (FTC) Opens An In-Depth Probe Into Meta’s (Facebook) Acquisition of VR App Developer
The Federal Trade Commission (FTC) of the US has started an in-depth probe into Meta Platform’s (previously Facebook) $400 million acquisition of Supernatural, a virtual reality (VR) fitness app. Now, the deal won’t be finalized for another year following FTC’s probe that started shortly after Thanksgiving Day last month, news portal The Information reported on […] The post Federal Trade Commission (FTC) Opens An In-Depth Probe Into Meta’s (Facebook) Acquisition of VR App Developer first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-18 19:11 | |
Coinbase Urges SEC to Approve Grayscale Bitcoin Trust’s (GBTC) Conversion to An ETF
Coinbase sent a letter to SEC arguing that treating spot Bitcoin ETPs differently from futures-based ETPs can “undermine confidence” in the agency. The post Coinbase Urges SEC to Approve Grayscale Bitcoin Trust’s (GBTC) Conversion to An ETF first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-16 21:58 | |
Time for A Santa Claus Rally? Dovish-Leaning Fed Sends Bitcoin, Crypto, and Stocks Higher
Given that the market was less prepared for a dovish Fed, we could see a surprise sharp move higher and then a short-squeeze into the year-end or early January. The post Time for A Santa Claus Rally? Dovish-Leaning Fed Sends Bitcoin, Crypto, and Stocks Higher first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-16 16:22 | |
Senate Banking Committee Split on How to Regulate Stablecoins
During the Senate Banking Committee hearing on stablecoins, a call for regulating the fiat-backed stablecoins was made, but what they will look like is to be seen. “Let’s be clear about one thing: if you put your money in stablecoins, there’s no guarantee you’re going to get it back,” Senate Banking Committee Chairman Sherrod Brown […] The post Senate Banking Committee Split on How to Regulate Stablecoins first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 17:02 | |
Accelerated Tapering Priced In, But What Does it Mean for Bitcoin Going Forward?
Bitcoin continues to trade around $48k and Ether under $4k as the market eagerly awaits the Federal Reserve’s meeting to wrap up on Wednesday. The market is preparing for a hawkish central bank, expecting it to accelerate its tapering of asset purchases, a reduction in stimulus, that would allow the officials to begin lifting rates […] The post Accelerated Tapering Priced In, But What Does it Mean for Bitcoin Going Forward? first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 16:19 | |
Bank of Thailand to Release a Consultation Paper on Crypto to “Strike the Right Balance”
This comes amidst a growing appetite for crypto amidst low-interest rates, a record low of 0.5%, and rising prices, with inflation in Thailand rising in November at the fastest pace since April. The post Bank of Thailand to Release a Consultation Paper on Crypto to “Strike the Right Balance” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 00:29 | |
BoE Wants to Bring Stablecoins Into Bank’s Regulatory Remit, Urges Institutions To Take A “Cautious Approach” To Crypto Adoption
Crypto has “all the makings of something that could become” a financial stability risk, says Bank of England Governor Andrew Bailey. The post BoE Wants to Bring Stablecoins Into Bank’s Regulatory Remit, Urges Institutions To Take A “Cautious Approach” To Crypto Adoption first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 22:24 | |
Nike Expands into Metaverse with the Acquisition of Virtual Sneaker Company
Sportswear giant Nike is the latest one to join the metaverse as it announced the acquisition of virtual sneaker company RTFKT for an undisclosed sum. This is the latest move by Nike to expand its footprint in the metaverse; after last month, it revealed its digital space called “NIKELAND” on video game platform Roblox Corp, […] The post Nike Expands into Metaverse with the Acquisition of Virtual Sneaker Company first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 21:41 | |
Long Bitcoin Is 2nd Most Crowded Trade, Fund Managers’ Cash Exposure Reaches Highest Since May 2020: Bank of America Survey
Managers are piling into cash ahead of central bank policy meetings. While equity positions are slashed to their lowest since October 2020, they are still above the historical average. The post Long Bitcoin Is 2nd Most Crowded Trade, Fund Managers’ Cash Exposure Reaches Highest Since May 2020: Bank of America Survey first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 19:38 | |
DOGE Sucking Liquidity from Crypto Market Again, Tesla to Accept Dogecoin Again For Merch
The price of DOGE spiked more than 34% in a matter of two hours, going as high as $0.212, thanks to Elon Musk. The meme coin has been struggling even more than the rest of the crypto market, being down about 79% from its all-time high in May, as per CoinGecko, only to see some […] The post DOGE Sucking Liquidity from Crypto Market Again, Tesla to Accept Dogecoin Again For Merch first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-14 18:27 | |
Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report
Bitcoin recorded inflows for the 13th straight week while Ether broke its six-week streak with non-meaningful outflows. The post Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-14 17:19 | |
Bitcoin’s Correlation With S&P 500 And Nasdaq Is On The Rise As Markets Await Fed’s FOMC Meeting
Meanwhile, Bitcoin’s correlation with gold has been mostly negative as the traditional safe-haven trades around $1,785 per ounce, down 14% from the $2,075 ATH hit in August 2020. The post Bitcoin’s Correlation With S&P 500 And Nasdaq Is On The Rise As Markets Await Fed’s FOMC Meeting first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-14 16:29 | |
Keanu Reeves “HODL”, Swiss Federal Councilor’s Data Leaked in Ledger Hack, Crypto Protocols Continue Be Exploited
Last week, cross-chain NFT marketplace Vulcan Forged lost $100 million in an attack, EOS-based Pizza reached a settlement with the hacker, and AscendEX promised to reimburse 100%. The post Keanu Reeves “HODL”, Swiss Federal Councilor’s Data Leaked in Ledger Hack, Crypto Protocols Continue Be Exploited first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-14 18:05 | |
Big Week Ahead In Crypto with Central Banks Meeting, What’s Happening in the Bitcoin Market?
Bitcoin price spiked on Sunday to reclaim $50,000 only to be back under this level before the end of the day. On Monday, as of writing, BTC/USD is trading just above $48k. The cryptocurrency is still up more than 81% from its year low of about $27,700 in early January but down about 30% from […] The post Big Week Ahead In Crypto with Central Banks Meeting, What’s Happening in the Bitcoin Market? first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-13 16:24 | |
South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022
The South Korean government is prohibiting withdrawals from local cryptocurrency exchanges to non-KYC wallets such as MetaMask, starting next year, as per the local report. Regulators in the country are imposing the travel rule when transferring assets from one venue to another, requiring information of sender and recipient to be recorded in order to prevent […] The post South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022 first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-11 18:12 | |
Will Bitcoin Catch Up? Stock Market Rallies to New Highs as Biden says Inflation Peaked
With rate hikes, a threat to the crypto bull market, inflation hitting a four-decade high but dropping from last month is seen as positive. The post Will Bitcoin Catch Up? Stock Market Rallies to New Highs as Biden says Inflation Peaked first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-11 16:22 | |
No High DeFi Yield for US Customers, Coinbase Allows Global Users to Earn Interest on DAI via Compound
Cryptocurrency exchange Coinbase has launched a high DeFi yield product for its global users, except in the US. “We are making DeFi more accessible, enabling eligible customers in more than 70 countries to access the attractive yields of DeFi lending on their DAI with no fees, lockups, or set-up hassle,” Coinbase said in a prepared […] The post No High DeFi Yield for US Customers, Coinbase Allows Global Users to Earn Interest on DAI via Compound first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-11 00:00 | |
Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card
Cardholders will be able to open a line of credit using crypto's collateral and receive their paychecks into their card account directly and convert it into Bitcoin and Ether. The post Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-10 17:25 | |
Daily Exchange Volume Back Above $50 Bln, ByBit Reports 77% Increase in Users while KuCoin’s Surpass 10 Million
Binance, meanwhile, is in talks with Indonesia’s richest family and the country’s largest telecom operator to launch a crypto trading platform. The post Daily Exchange Volume Back Above Bln, ByBit Reports 77% Increase in Users while KuCoin’s Surpass 10 Million first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-10 17:06 | |
Innovation Stocks “Nowhere Near A Bubble,” And Ether “Even More Undervalued Than Bitcoin,” Says Cathie Wood
“Here we are, ready for primetime, and we got all this fear and uncertainty and doubt. As a portfolio manager, I actually love that backdrop," said Ark Invest, CEO. The post Innovation Stocks “Nowhere Near A Bubble,” And Ether “Even More Undervalued Than Bitcoin,” Says Cathie Wood first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-10 16:29 | |
WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection
The changes will apply “certain of the substantive requirements” of the 1940 Act to offer investors “significant protections” but won't be registered under the Investment Company Act. The post WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-9 17:14 | |
Crypto Asset Reform to Place Australia “Firmly” in the Lead, Bringing More Consumer Interest & Entrants, says Treasurer
“It represents the most significant reforms to our payments system in 25 years,” said Treasurer Josh Frydenberg. The post Crypto Asset Reform to Place Australia “Firmly” in the Lead, Bringing More Consumer Interest & Entrants, says Treasurer first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-9 00:16 | |
OpenSea Is “Not Planning” an IPO, says CFO After Community Push Back
“You'd be foolish not to think about it going public,” when OpenSea is growing at such a fast pace, said Brian Roberts earlier in the week. The post OpenSea Is “Not Planning” an IPO, says CFO After Community Push Back first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-9 22:53 | |
Ubisoft’s “Building Block” For Its Metaverse Is Through In-Game NFTs In Partnership with Tezos (XTZ)
The video game developer believes blockchain’s decentralized approach could “genuinely make players stakeholders of our games.” The post Ubisoft’s “Building Block” For Its Metaverse Is Through In-Game NFTs In Partnership with Tezos (XTZ) first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-8 18:55 | |
BTC Hash Rate Nearing ATH, Iceland Rejecting New Bitcoin Miners Due to Power Shortage
Bitcoin’s On-chain usage is also on an uptrend, with average active addresses topping 1 million, last seen in May. The post BTC Hash Rate Nearing ATH, Iceland Rejecting New Bitcoin Miners Due to Power Shortage first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-8 17:45 | |
Bitcoin Acting Like A Risk Asset, Struggling with Rising Macro Uncertainty
ETHBTC, meanwhile, is going up to the 2021 high of 0.0873, currently at 0.869, as it remains less affected by global market jitters. The post Bitcoin Acting Like A Risk Asset, Struggling with Rising Macro Uncertainty first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-8 16:38 | |
Bank for International Settlements (BIS) says DeFi’s Governance Structure Is A Natural Entry Point for Public Policy
These entry points can be used to contain DeFi-related issues “before this ecosystem attains systemic importance,” said the agency. The post Bank for International Settlements (BIS) says DeFi’s Governance Structure Is A Natural Entry Point for Public Policy first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-8 23:26 | |
Over 4.4 Billion Added in Total Stablecoin Supply in the First Week of December
Meanwhile, since Saturday, USDT and USDC’s market cap has grown by about $2 billion. The post Over 4.4 Billion Added in Total Stablecoin Supply in the First Week of December first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-8 22:56 | |
Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies
After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-7 18:56 | |
55% of Bitcoin Investors Bought over the Last 12 Months, US Consumers More Aware of DOGE than Ether
The majority of Bitcoin investors see it as a long-term asset. This year, the older generation, baby boomers, also recorded a 16% jump in their interest in BTC while females climbed 6%. The post 55% of Bitcoin Investors Bought over the Last 12 Months, US Consumers More Aware of DOGE than Ether first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-7 16:55 | |
No OpenSea Token Coming? Former Lyft CFO Joins the Popular NFT Marketplace and Planning its IPO
“You'd be foolish not to think about it going public,” said Brian Roberts, OpenSea CFO who has “never seen a P&L like this.” The post No OpenSea Token Coming? Former Lyft CFO Joins the Popular NFT Marketplace and Planning its IPO first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-6 19:48 | |
“It’s All About ETH,” As It Outperforms Due to “Overwhelming Institutionalization” of Bitcoin
CME will launch Micro Futures of Ether today, the only crypto which is “not stretched to the downside” on technical metrics as legacy institutions take profits heading into year-end. The post “It’s All About ETH,” As It Outperforms Due to “Overwhelming Institutionalization” of Bitcoin first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-6 17:55 | |