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Tag: DigitalAssets

6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More

Source: Adobe/Daniel US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of a hearing at the House Financial Services Committee today.He’s one of the six executives that testified at the Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial…

Fidelity To Offer Bitcoin-backed Loans Through Nexo

Lending firm Nexo has partnered with institutional custodian Fidelity to bring professional bitcoin products to market, the company said in a statement Tuesday. The lender will leverage Fidelity’s enterprise-grade infrastructure to expand institutional access to its prime brokerage platform.“As a first step, the collaboration with Fidelity Digital Assets will expand Nexo’s ability to service and enhance its growing portfolio of assets under management and will provide an additional custody layer to Nexo’s military-grade security infrastructure,” per the statement.Nexo said the…

Parker McCollum Announces New Blockchain Powered NFT Fan Club Sounds Like Nashville

Parker McCollum is the latest artist to jump into the NFT digital asset space, as the Platinum-selling star-on-the-rise has unveiled a blockchain-powered fan club.

Announcing a new partnership with MusicFX — an entertainment music NFT platform created by blockchain provider CurrencyWorks — McCollum has opened up his Gold Chain Cowboy Club NFT.

McCollum isn’t alone in his vision of the NFT future. Fellow country stars like Florida Georgia Line’s Brian Kelley have gotten on board as well, along with celebrities…

Bitcoin Market Cycles Explained

Source: AdobeStock / Alexander Matthew Kimmell is Digital Asset Analyst and Christopher Bendiksen is Bitcoin Research Lead at major European digital asset investment firm CoinShares. __________To long-time bitcoin (BTC) investors, it was no surprise that bitcoin surpassed its previous all-time high in 2020. Nor was it much of a shock that it just reached new all-time highs this past month. To them, bitcoin remains a young asset that’s merely going through phases of discovery and adoption, accumulating newfound exposure and…

More than half of US bitcoin holders first jumped into the crypto this year, Grayscale study finds |…

Most bitcoin owners own one or more other digital assets, a study showed.Donald Iain Smith/GettySome 55% of US bitcoin owners got into the crypto this year, a sign of growing demand, Grayscale said.
Most of the newbies are still holding their positions, it found in its 2021 bitcoin investor study.
Bitcoin investors prefer to use trading apps such as eToro or Coinbase, and 
Bitcoin isn’t seen by investors as money, but is increasingly viewed as “digital gold,” a study by Grayscale Investments has found.Demand for the leading cryptocurrency surged in 2021, as interest grew despite…

Nexo & Fidelity Digital Assets Partnership, Gibraltar’s Blockchain Integration + More News

Source: AdobeStock / piter2121 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Adoption newsCrypto lender Nexo will partner with crypto-focused arm of US-based mutual fund giant Fidelity Investments, Fidelity Digital Assets, to offer custodial and lending services to institutional investors, including the launch of institutional-focused products, said the press release. The two will develop a comprehensive…

Nexo & Fidelity Partnership, Gibraltar’s Blockchain Integration + More News

Source: AdobeStock / piter2121 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Adoption newsCrypto lender Nexo will partner with crypto-focused arm of US-based mutual fund giant Fidelity Investments, Fidelity Digital Assets, to offer custodial and lending services to institutional investors, including the launch of institutional-focused products, said the press release. The two will develop a comprehensive…

Bitcoin and Web3.0; the Internet of Assets

Bitcoin is Internet 3.0, and it will not only revolutionize money, but also revolutionize the transmission of value online as we know it.

The arguments around scaling and transaction fees are relatively myopic as the network has shown time and time again — scaling solutions will be adopted, and quickly.

Some of the best developers in the world are looking to build an open world, and have strong financial incentives aligned with that goal.

Beyond remittances and money use cases, BTC represents a transition to a phase of digital assets. A world where your ‘online real estate’ will carry as much weight to you, financially and socially, as your brick and mortar home.

With the invention of ERC721 tokens, or non-fungible tokens, we will be able to own cryptoassets linked to real world asset, like a house or a voting right in an online community.

Crypto Violators May Face Prison Time Under India’s New Proposal

Source: AdobeStock / henktennapel The Indian government is reportedly considering appointing a new regulator specifically to oversee the cryptocurrency space, while also saying those who violate regulations could face fines of up to USD 2.7m or 1.5 years in prison.Under India’s new crypto regulations, crypto holders will “probably” be required to declare their digital assets to the government within a given deadline, Bloomberg reported on Tuesday, citing unnamed sources “with knowledge of the matter.”The new rules are…

Is Bitcoin an investment or a currency?

Since Bitcoin’s mainstream adoption, there has been controversy about whether the digital asset should be classified as an investment or a currency. Although Bitcoin has played an important role in the global economy, the majority of individuals use it as a substitute for fiat currency.However, due to its significant volatility, the digital asset is unable to hold a stable value like a typical fiat currency would, begging the question of whether Bitcoin is a currency or an investment (asset). What is Bitcoin?Bitcoin is described differently by various research papers. However, it is…

Bitcoin crash puts a dent into crypto fund inflows: Report

Digital asset investment products or crypto funds saw inflows totalling $184 million last week (till 3 December), although sharp price weakness at the end week did lead to $40 million outflows late Friday, according to digital asset manager Coins. However, overall inflows suggest that investors continued to see recent price weakness as a buying opportunity.

Bitcoin opened last week at $54,815 and rallied to a high of $59,041, before plummeting to a low of $45,032 on Saturday, showing a more than 30% fall. The crypto market has witnessed a major…

cryptocurrency: Cryptocurrencies post net inflows last week, but outflows seen on Friday: CoinShares

NEW YORK – Cryptocurrency products and funds received $184 million in net inflows as of last week, data from digital asset manager Coins showed on Monday.
Friday’s price weakness, however, did lead to $40 million outflows that day, Coins said. For the year, total inflows amounted $9.1 billion, slightly below the record peak of $9.5 two weeks ago.
Bitcoin, meanwhile, attracted $145 million net, its 12th straight week of inflows. It did see outflows of $42 million on Friday, as it bore the brunt of investor jitters amid sharp price declines.

Traders said the weekend fall in…

Bitcoin Just Surpassed $50,00, But Will These Latest Gains Last?

Bitcoin prices rose above $50,000 after their recent sell-off.
After experiencing a rough weekend where bitcoin prices suffered a notable sell-off, the digital currency has bounced back, surpassing $50,000 late this afternoon.
Now that the prominent cryptocurrency has risen above this level, technical analysts and market observers are watching and waiting to see whether it will establish support there.

The digital asset climbed above $50,000 around 4:45 p.m. EST, CoinDesk data shows.
After breaking through this price level, bitcoin rose to $50,580, before falling…

What is NFT Marketing? – TheGWW.com

The market is flooded with various forms of NFTs, especially these types of digital assets, which make it difficult to sell NFT projects among many other products. NFT Marketing provides maximum profit by increasing project visibility, building a community of NFT enthusiasts, and getting more bids on the NFT Marketplace.

Top NFT Marketing Agencies

Marketing success determines the success or failure of an NFT project. The innovations you apply to create NFT assets should also be used for marketing to reach relevant prospects. Creative and innovative marketing…

Crypto Listing and Delisting Announcements: Week 49

Source: iStock/PashaIgnatov Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________AscendEXListings:Rizon (ATOLO)Vera (VERA)BiboxListings:Dragon Mainland Shards (DMS)Zuki Moba (ZUKI)Elrond (EGLD)Galaxy Heroes Coin (GHC)AntEx (ANTEX) BigONEListings:Biconomy (BICO)Adora…

Creating Safety in the Global Blockchain Space

The emerging demand for digital assets continues to increase in the finance industry with the boom of blockchain technology. The technology has become a more stable version with enterprise-level blockchain applications launched.However, there are still current challenges to established blockchain networks. Smartlink is one of the blockchain projects with the goal to make the blockchain industry more secure.Smartlink was designed to solve one of the biggest challenges in the digital space by launching decentralized escrow services and payments processing based on institutional-grade smart…

Hacked Bitmart to Compensate Crypto Traders After USD 200M Loss

Source: AdobeStock / piter2121 Major centralized crypto exchange BitMart, which fell victim to a hack over the weekend and lost approximately USD 200m worth of digital assets, intends to compensate affected users and resume its operations.Sheldon Xia, the CEO of BitMart, revealed the news via a series of Twitter messages, saying that the exchange “has completed initial security checks and identified affected assets.” He added that the security breach was the result of a stolen private key that had two of the exchange’s hot…

Utah Jazz embrace Metaverse; becomes world’s first pro sports team to offer NFT program

The word Metaverse became mainstream after Mark Zuckerberg renamed Facebook Inc to Meta, showing what’s next for his company. Utah Jazz became the first professional team to embrace Metaverse with its virtual locker room tour with its NFT program. What’s NFT, and why players such as Jordan Clarkson and Rudy Gobert are all in this trend?The rise of NFTsNon-Fungible Tokens or NFTs have increased in popularity in recent months. NFTs are unique because they give anyone ownership to a specific digital asset, such as art, music, or videos. For collectors, there is serious money to be made on…

Bank Indonesia Aims to Fight Bitcoin with Its CBDC (Report)

The central bank of Indonesia is willing to issue a digital form of its national currency as a way to “fight” private digital assets. The financial institution believes a CBDC would be more “credible” than bitcoin or the altcoins.
Indonesia and its CBDC Efforts
Bank Indonesia (BI) – the country’s central bank – displayed its intentions to launch a central bank digital currency (CBDC) earlier this year. In May, Governor Perry Warjiyo asserted that it is on its way without revealing a specific launch date.
Back then, BI noted that during the COVID-19 pandemic,…

US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings –…

The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds that were raised.”
Two Fraudulent Crypto Schemes
The SEC announced Thursday that it has “charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings.”
Noting that Ivars Auzins defrauded U.S….

‘A perfect storm’ as bitcoin stages weekend crash that puts it on verge of ‘breakdown.’ Here’s what…

A downturn in global stocks appears to be spilling over into the nascent crypto market, with a bout of weekend selling erupting into a mini-flash crash in prices of bitcoin and other notable digital assets.
At last check Saturday afternoon New York time, bitcoin
was changing hands at $48,186.96 on CoinDesk, down 12% over the past 24 hours, but the overnight descent, in the early hours of Saturday morning, had been even more harrowing. Bitcoin’s slump to around $42,000 on some exchanges meant that it had tumbled nearly 30% peak to trough on…

Most Recommended Cryptocurrency Portfolio Tracker Apps For Investors and Traders [2021]

A cryptocurrency portfolio tracker is a useful tool, especially for investors who want to see the value of their investments in a specific blockchain space. They could monitor the growth and decline of their digital assets in real-time through this software.
If you are just getting started with cryptos, it’s important first to know why you are investing in the first place. It could mean that you want an additional income or practice taking a risk with a twist.
As we tackle the best crypto portfolio tracker apps that you can use right now, let’s first…

State Bar Weighs Possible Guidance for Lawyers Taking Cryptocurrency Payments

California’s state bar will dive into the ever-evolving issue of cryptocurrency after an ethics committee Friday agreed to pursue possible guidance for lawyers who accept digital assets for legal services.

At a regular meeting, members of the bar’s Committee on Professional Responsibility and Conduct said they will do additional research on the matter, which could lead to a draft opinion that will circulate publicly.

Expect Bitcoin at $10k if This Happens

The last time we saw Bitcoin’s value at less than $10k was around July of last year when the value of the asset was trading far below its current value. Since then, the value of the asset has enjoyed massive adoption and growth that has pushed its price to its current ATH of above $68k.
Bitcoin Could Crash to $10k
However, one top money manager, Louis Navellier, recently made a shocking price prediction that is sending some shock waves down the spine of many crypto enthusiasts and the community at large. According to him, the value of the flagship digital asset could crash to as low as…

Hangry Animals NFT to become part of NFT BAZL’s latest exhibition

“Combining NFT technology to bring digital and physical art to the traditional investor and collector.”Kenyon Tylor of the Belcastro Group Yacht Series has painted one of the soon-to-be-released Hangry Animals characters. It will reportedly be part of NFT BAZL’s most recent art exhibition hosted by blockchain firm and wealth management platform Elitium in partnership with the disruptive digital asset firm GDA Capital. The artwork will be on display at the SLS South Beach Miami hotel. The event will be open to investors, art collectors and NFT enthusiasts from all over the world.NFT…