Cryptonews

Cryptonews


Positive News for Two Biggest Cryptos: Hope Sparked for Spot BTC ETFs; Goldman Sachs' ETH-Based Options Contracts

Posted: 07 Apr 2022 05:52 AM PDT

 
There's some positive news for the two biggest cryptoassets in the world. The approval of a new bitcoin (BTC) futures-backed exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has again sparked hope that a spot-based bitcoin ETF could come next. Meanwhile, investment banking giant Goldman Sachs has taken steps to expand its offering of over-the-counter (OTC) crypto options trading to options contracts based on Ethereum's native token ETH....
Read More: Positive News for Two Biggest Cryptos: Hope Sparked for Spot BTC ETFs; Goldman Sachs' ETH-Based Options Contracts

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Bitcoin and Ethereum Trim Losses But Recovery Could Face Hurdles

Posted: 07 Apr 2022 05:00 AM PDT

 
Bitcoin price spiked below the USD 43,000 level before recovering. BTC is currently (11:46 UTC) consolidating near USD 48,000 level. If there is an upside correction, the price could face resistance near USD 44,000.
Similarly, most major altcoins might struggle to recover losses. ETH might face resistance near the USD 3,300 level. XRP could extend its decline below the USD 0.75 support. ADA might find bids near the USD 1.05 level.
Total market capitalization...
Read More: Bitcoin and Ethereum Trim Losses But Recovery Could Face Hurdles

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OpenSea Now Supports Solana NFTs in Beta

Posted: 07 Apr 2022 03:48 AM PDT

 
Non-fungible tokens (NFTs) based on the Solana (SOL) blockchain, a public blockchain and a rival to Ethereum (ETH), are now supported by the major NFT marketplace OpenSea.
According to OpenSea's website, the support for Solana NFTs is currently in beta and comes with limited collection coverage. "Full launch will include a scalable way to expand coverage via the Metaplex collection standard," OpenSea said....
Read More: OpenSea Now Supports Solana NFTs in Beta

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Coinbase Launches New Debit Card Amid Intensified Competition Among Exchanges, Platforms

Posted: 07 Apr 2022 02:52 AM PDT

 
As crypto industry players continue to lure customers with debit cards that offer an expanding range of benefits and bonuses, major crypto exchange Coinbase has rolled out a new card that promises more crypto rewards and no transaction fees under certain terms....
Read More: Coinbase Launches New Debit Card Amid Intensified Competition Among Exchanges, Platforms

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Sky Mavis Releases Early Access of Its Much-Anticipated Axie Infinity: Origin

Posted: 07 Apr 2022 02:07 AM PDT

 
Sky Mavis, the firm behind the popular blockchain-based online video game Axie Infinity (AXS), has announced the Early Access release of its much-anticipated update Axie Infinity: Origin. 
Also known as "Battles v3," Axie Infinity: Origin is a new battle system that its creators say offers players access to new game mechanics, interfaces, art, special effects, and storylines....
Read More: Sky Mavis Releases Early Access of Its Much-Anticipated Axie Infinity: Origin

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Vitalik Buterin Makes Low-key USD 5M ETH Donations in Support of Ukraine

Posted: 07 Apr 2022 02:04 AM PDT

 
The Ethereum (ETH) co-founder Vitalik Buterin has made some USD 5 million worth of crypto donations – in ETH – with half going to the Ukrainian government and the remainder going to a charity that is providing humanitarian aid to Ukrainian citizens....
Read More: Vitalik Buterin Makes Low-key USD 5M ETH Donations in Support of Ukraine

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Meta to Introduce Virtual Tokens that Are Not Cryptocurrency - Report

Posted: 07 Apr 2022 12:58 AM PDT

 
Meta, the parent organization of social media platforms Facebook, Instagram, and WhatsApp, is reportedly drafting plans to introduce virtual coins that are not based on a blockchain.
"Zuck Bucks," which is how it is called by Meta employees internally, is one of these virtual coins designed for the metaverse, according to a recent Financial Times report.
The report noted that this coin would not be a cryptocurrency based on the blockchain, adding:...
Read More: Meta to Introduce Virtual Tokens that Are Not Cryptocurrency - Report

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Bitcoin and Ethereum Gain Bearish Momentum, Altcoins in Red

Posted: 06 Apr 2022 09:22 PM PDT

 
Bitcoin price remained in a bearish zone and declined below the USD 43,500 support. It is currently (04:07 UTC) down over 4% and is trading near USD 43,300.
Besides, most major altcoins are gaining bearish momentum. ETH is down almost 5% and there was a move below the USD 3,200 support. XRP declined below the USD 0.80 support while ADA is down almost 7% and there was a move below USD 1.10.
Total market capitalization...
Read More: Bitcoin and Ethereum Gain Bearish Momentum, Altcoins in Red

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Investors Show Rising Interest in Crypto, but Financial Illiteracy Hampers Investments - Surveys

Posted: 06 Apr 2022 05:00 PM PDT

 
A series of recent polls are indicating a surge in interest in cryptoassets by US investors from across the generational and ethnic spectrum, but obstacles such as financial literacy gaps and inaction in dealings with financial advisors continue to hamper an accelerated crypto adoption by individual investors....
Read More: Investors Show Rising Interest in Crypto, but Financial Illiteracy Hampers Investments - Surveys

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More Problems Building up for Iris-Scanning Crypto Firm Worldcoin

Posted: 06 Apr 2022 01:00 PM PDT

 
The eyeball-scanning crypto startup Worldcoin has been hit with another setback – with a report alleging user anger with the company, and some accusing its architects of being "thieves."
As reported recently, Worldcoin has decided to halt its operations in some seven countries after logistical hurdles began cropping up....
Read More: More Problems Building up for Iris-Scanning Crypto Firm Worldcoin

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Crypto ETPs & ETFs to Surpass USD 120B Under Management in Six Years – Analysts

Posted: 06 Apr 2022 11:00 AM PDT

 
The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence.
This figure is likely to be seen even without large increases in crypto prices, their report said, predicting that a spot-based bitcoin (BTC) ETF will likely be approved in the US by the end of 2023....
Read More: Crypto ETPs & ETFs to Surpass USD 120B Under Management in Six Years – Analysts

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DeFi and Blockchain 'Are Real' - JPMorgan CEO

Posted: 06 Apr 2022 10:30 AM PDT

 
Wall Street investment bank JPMorgan is persuaded that decentralized finance (DeFi) and blockchain technology bring major growth potential, and is determined to remain "at the forefront of this innovation," Jamie Dimon, the bank's Chairman and CEO, wrote in his latest letter to the company's shareholders.
"Decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion, permissioned or not," Dimon added....
Read More: DeFi and Blockchain 'Are Real' - JPMorgan CEO

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Once the Fed Pauses, Bitcoin is ‘Going to the Moon,’ Novogratz Says

Posted: 06 Apr 2022 09:11 AM PDT

 
Bitcoin (BTC) is "trading really well" considering the recent interest rate hikes in the US, and once the Federal Reserve (Fed) puts its tightening on pause, bitcoin is "going to the moon," Galaxy Digital CEO Mike Novogratz said....
Read More: Once the Fed Pauses, Bitcoin is 'Going to the Moon,' Novogratz Says

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Sky Mavis Raises USD 150M, HSBC & Metaverse, BitPay Adds Bitcoin Lightning Network + More News

Posted: 06 Apr 2022 08:37 AM PDT

 
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: Sky Mavis Raises USD 150M, HSBC & Metaverse, BitPay Adds Bitcoin Lightning Network + More News

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Here's How You Can Help Shape Digital Euro

Posted: 06 Apr 2022 07:58 AM PDT

 
Amid an intensification in the European Union's crypto-focused legislative efforts, the European Commission has launched a new consultation on its digital euro central bank digital currency (CBDC) project. The procedure will allow interested stakeholders who want to help shape a digital euro to voice their opinion to Brussels, with privacy concerns likely to rank as one of the leading topics....
Read More: Here's How You Can Help Shape Digital Euro

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As More Russians Support Massacre in Ukraine, Here's How Some Big Crypto Companies Respond

Posted: 06 Apr 2022 07:09 AM PDT

 
Many crypto companies are taking steps to support Ukrainian users on their platforms, but few are willing to go beyond official sanctions and ban users from Russia altogether despite shocking massacres in Ukraine and the fact that more Russians are supporting this war.
 ...
Read More: As More Russians Support Massacre in Ukraine, Here's How Some Big Crypto Companies Respond

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