Demand for Aave (AAVE) boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment’s upcoming institutionally-focused investment vehicle. The San Francisco-based asset management firm announced Wednesday that it would invest directly in AAVE to back its “Bitwise Aave Fund,” a fund created to build a bridge between accredited investors and
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Bitcoin’s (BTC) price rallied to a multi-month high at $43,231 on August 6 and this allowed the digital asset to break free of the trading range it had been stuck in since May. Data from Cointelegraph Markets Pro and TradingView shows that after trading sideways through the early morning hours on Friday bulls staged a
Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads: “Users from Hong Kong will have a 90 days’ grace period to close their open positions. During the grace period, no new positions may
The White House has endorsed an amendment to the $1 trillion Infrastructure bill that supports proof-of-work over all other consensus mechanisms. However, the crypto community is supporting a different amendment. White House Takes Stance on Infrastructure Bill’s Crypto Tax Amendment The White House has endorsed an amendment to the Infrastructure bill sponsored by Senators Mark
Michael is an advocate for the Bitcoin Standard and is the first CEO of a publicly listed company to make a long-term investment in Bitcoin. Michael Saylor is an American entrepreneur, executive, inventor, author, and philanthropist. He is the Chairman and CEO of MicroStrategy (MSTR), a publicly traded business intelligence firm he founded in 1989.
The United States tax bill which could hurt Bitcoin (BTC) and crypto holders will “continue the plunder of future generations,” Cameron Winklevoss argues. According to new estimates, the proposed Infrastructure Bill currently under discussion in Washington would pile on an extra quarter of a trillion dollars in debt. Bill may add $256 billion in debt
Prominent YouTube star KSI belongs to the group of crypto investors who have made and lost a lot of money during the last Bitcoin (BTC) crash. However, the United Kingdom-based influencer’s latest interview showed his continued support and belief in the Bitcoin ecosystem. Answering the hypothetical question of “if you were prime minister,” KSI, a.k.a.
Despite the recent breakouts to the $40,000 level, Bitcoin (BTC) price could still face downward pressure in August. The 42% rally in late July effectively inspired some optimistic short-term options bets but the initial data largely favors the neutral-to-bullish call options, and failure to sustain $40,000 has significantly reduced this advantage. A good deal of
Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) today after the successful launch of Ethereum’s London hard fork and a series of new Bitcoin ETF filings resulted in a rally that propelled BTC price 9% higher and Ether gained 11.75% which brings the altcoin closer to the elusive $3,000 level. Data from Cointelegraph Markets
Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to ‘flip’ Bitcoin (BTC) as the leading cryptocurrency but
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Much like last week, China’s minor COVID flareups dominated the headlines as the country seeks to avoid more serious lockdowns. Cryptocurrency managed to
Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the United States Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a tweet today, Portman encouraged his colleagues in the Senate to vote on an amendment proposed this week by Ron Wyden, Cynthia
The Nasdaq-listed cryptocurrency exchange Coinbase has enabled crypto buys with Apple Pay, and instant cashouts of up to $100,000 per transaction. The company will also soon enable crypto buys with Google Pay. Buy Cryptocurrencies on Coinbase With Apple Pay Crypto exchange Coinbase announced Thursday that users can now buy bitcoin and other cryptocurrencies on its
Atlanta-based investment company Invesco is planning to launch a new Bitcoin (BTC) exchange-traded fund, or ETF, that will not invest in BTC directly. On Wednesday, Invesco filed an application with the United States Securities and Exchange Commission, or SEC, to list a new investment product called Bitcoin Strategy ETF. The Invesco Bitcoin Strategy ETF seeks
The private stablecoin market will surge parabolically in the next four years despite the existing regulatory uncertainty, Unstoppable Domains CEO Matthew Gould believes. In a Thursday interview with Business Insider, Gould predicted that the stablecoin market would hit $1 trillion by 2025 to see roughly a tenfold increase from around $115 billion at the time
On June 2, 2021, Miami Mayor Francis Suarez tweeted that “MiamiCoin” will be the first “CityCoin” ever to be launched, representing Miami’s very own cryptocurrency. Fast forward about two months later and the anticipation surrounding the release of MiamiCoin has been on the rise. Initially, it may appear as if the Magic City’s digital currency
What if sperm were uploaded — or perhaps, erm, unloaded — onto the Bitcoin network, and those seeking to become pregnant could turn the emotional, complex task into something more approachable, where they choose the right swimmers on the blockchain according to attributes like education level, hobbies and physical attributes? Wei Escala is the founder
Paris-based derivatives fund manager Melanion Capital has launched a new, EU-regulated fund that aims to track the price of Bitcoin at a correlation of up to 90%. The fund is the first of its kind to be issued under the European Union’s UCITS umbrella – an acronym for “undertakings for the collective investment in transferable
Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media reported. Converting a Cryptocurrency Into Another Is Not Against Iranian Law
#Bitcoin #Ethereum #EIP1559 #InvestorSurvey #CryptoMistakes #Monero #BSV #BCH #TA Crypto Market Update The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial