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Skybridge Capital Launches Ethereum Fund — Ether ETF Filing to Follow
2.7.2021
Asset management firm Skybridge Capital has launched an ethereum fund, CEO Anthony Scaramucci has confirmed. He added that the asset manager will be filing for an ether exchange-traded fund (ETF). Skybridge Capital CEO Anthony Scaramucci revealed in the latest episode of The Scoop, published...
Greenidge plans to expand mining operations to South Carolina
2.7.2021
According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources
BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Supervision of Decentralized Markets
2.7.2021
An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded...
Bitcoin spring? Wyckoff 'groundhog' indicates crypto winter may last another 6 weeks
2.7.2021
Analysts warns that the Wyckoff Spring phase may still be in the future as mounting pressures could lead to another low in Bitcoin
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
2.7.2021
Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments
ETH 2.0 Contract Exceeds 6 Million Ether, Data Shows Ethereum Outperformed BTC in Q1 and Q2
2.7.2021
Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today. Onchain metrics show that Ethereum has seen some significant drawdowns in recent times and decentralized finance (defi) activity...
Grayscale Buys Cardano, JPMorgan on Ethereum Staking + More News
2.7.2021
Source: Adobe/Skórzewiak
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Investments news
Major US-based crypto investment company Grayscale Investments said it has sold some existing...
Nexon Hodls Despite Chalking Up 40% of its USD 100M Bitcoin Buy as Loss
2.7.2021
The crypto-keen South Korean gaming giant Nexon is continuing to hold its bitcoin (BTC) - even though it has written off some 40% of the money it spent on a groundbreaking USD 100m BTC purchase just months ago as a loss.
In an official release, Nexon said that, going forward, it would reassess...
Bitcoin's key momentum metric hints at bullish divergence as BTC clings to $33K
2.7.2021
The RSI is seeing higher lows after rebounding from its oversold areas as Bitcoin price is forming lower lows
What is really behind El Salvador’s ‘Bitcoin Law’? Experts answer
2.7.2021
Here’s what crypto and blockchain experts think about Salvadoran President Nayib Bukele’s announcement that Bitcoin is now legal tender
US Senator’s Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Floods Economy With Trillions of Dollars
2.7.2021
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars...
44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey
2.7.2021
CNBC surveyed a set of equity strategists and portfolio managers to understand investor sentiment on Bitcoin price
This Is Why Robinhood Doesn't Allow You to Withdraw Bitcoin, DOGE & Co.
2.7.2021
As US online trading platform Robinhood is gearing toward its initial public offering (IPO), its filing with the country’s Securities and Exchange Commission (SEC) reveals why the company does not currently allow users to deposit and withdraw cryptoassets into or from its platform. This said...
Bitcoin.org blocks access to Bitcoin software download in the UK
2.7.2021
Apart from removing the white paper, Cøbra has removed access to Bitcoin software for site visitors from the United Kingdom
Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue
2.7.2021
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue...
Bitcoin of America’s Chief Financial Officer Reports Record Company Growth
2.7.2021
PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy...
Bitcoin Starts Outperforming Again as Ethereum and Altcoins Drop More
2.7.2021
Bitcoin price extended its decline below the USD 33,500 support zone. BTC tested USD 32,600 and it remained well above the key USD 32,000 support zone. It is currently (12:14 PM UTC) trying to move higher above USD 33,000, but a break above USD 34,000 is a must for a stronger increase.
In either...
Highest Bitcoin Mining Difficulty Drop Incoming While Miners Polish Their Image
2.7.2021
If current estimates come true, bitcoin (BTC) mining difficulty is about to see its largest drop in the history of the network, falling to the level not seen in more than a year and improving profit margins of BTC miners at the time when Chinese miners are leaving the industry (or the country)...
Dutch Professional Football Club AZ ‘Confident’ About Bitcoin’s Future, Keeps BTC on Balance Sheet
2.7.2021
Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is...
$200M hedge fund pauses crypto arbitrage trading amid market downturn
2.7.2021
The hedge fund co-founder says it is keeping its investment powder dry for when the crypto market resumes its parabolic advance