Tag: crypto new

SEC Warns Mutual Fund Investors of Bitcoin Futures Risks

The U.S. Securities and Exchange Commission (SEC) warned investors in mutual funds that invest in bitcoin (BTC, +1.02%) futures products to monitor risks around the digital asset and the funds investing in the sector.   Bitcoin is a “highly speculative” asset, the staff statement, published Tuesday, said. The note warned that investors may be taking…
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Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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Bitcoin’s Drop on Biden’s Proposed Tax Hike Just Temporary, BCB CEO Says

“While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip,” Landsberg-Sadie told CoinDesk. Bitcoin (BTC) has slumped more than 8%, over a 24-hour period, a drop attributed to U.S. President Joe Biden’s proposed tax increase on capital gains on those earning above $1 million. But the…
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Crypto Weekly Summary April 11-18

Bitcoin $ 8000 drop The fall of other digital currencies AgeUSD will be Cardano’s first StableQueen AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first…
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Ether Options Market Sees Record Open Interest of $3B

Market activity is surging as the Ethereum blockchain’s native cryptocurrency rises to fresh all-time high prices. Ether‘s options market is witnessing an explosive growth as the second-biggest cryptocurrency rallies to fresh all-time highs above $2,400. Open interest, or the total number of open long and short positions in call and put options, rose to a…
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ETF investors say Coinbase listing will cause explosion in crypto investing

The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. “I think…
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Bitcoin Miners Are Again Stacking Coins in a Positive Sign for the Market

Blockchain data shows bitcoin (BTC, +2.27%) miners are accumulating coins and adding to bullish pressures in the market for the first time since December.   Analytics firm Glassnode’s miner position change metric, which gauges the 30-day change in the supply held in the miners’ addresses, recently turned positive in a sign of renewed holding by…
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Signal the Messaging App Launches Cryptocurrency Payments

Encrypted messaging application Signal announced on Tuesday its launch of a cryptocurrency payments feature for its beta version in the UK. Signal Takes Its Privacy Features a Step Further Signal bases operations on the assurance of absolute privacy for its users through a strong encrypted dead-simple interface. The encrypted messaging application promises its users that…
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Publicly-Traded Fintech Firm Acquires Chinese Mining Farm for $9M

Future FinTech, a New York-based publicly-traded software firm, has acquired Nanjing Ribensi Electronic Technology Co., in an effort to break into Bitcoin mining.   The U.S. tech company purchased the Chinese Bitcoin miner for $9 million, according to a press release. Per the agreement, FutureFinTech will take full ownership of the firm’s mining operations, which…
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