Day: September 23, 2020

Cryptocurrency ETF by Nasdaq and Hashdex Approved to List on Bermuda Stock Exchange

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A cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index. Hashdex Says ETF Will Track Nasdaq Crypto Index Brazilian fund manager Hashdex confirmed to news.Bitcoin.com on Tuesday that the company is launching a cryptocurrency ETF, co-developed with Nasdaq. A Hashdex spokesperson said that the ETF has been approved by the Bermuda Stock Exchange (BSX), elaborating: The ETF will be available for public trading on BSX…

Blockchain Company Realio and Valentus Fund to Put $250M+ on Algorand Blockchain – Blockchain News, Opinion, TV and Jobs

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Valentus Capital Management, run by Behzad Taufiq, a former executive at Hudson Advisors, plans to digitize a $250M+ investment fund with Realio, a fully compliant platform to tokenize institutional-grade digital assets on the Algorand blockchain. “Decentralized finance is the way of the future,” says Algorand Founder, Dr. Silvio Micali. “Our technology allows for far greater scalability, speed and efficiency than other alternatives., I am pleased to see Realio and Valentus leveraging our next-generation platform to provide opportunities to investors of all types who can now access top-shelf investments in a…

Uniswap’s UNI Token Reclaims Crucial Support as Analysts Eye a Macro Bottom

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Uniswap’s token (UNI) has been bearing witness to immense volatility throughout the past few days, with its post-launch price action being surprisingly strong – considering that all users of the platform were airdropped a sizeable quantity of tokens. After rallying to highs of $8.50 in the days following its launch, the token has since witnessed massive inflows of selling pressure that brought its price down to lows of $3.75. Bulls have since stepped up and absorbed this selling pressure, pushing it back up towards the $5.00 region as they aim…

Market Wrap: Bitcoin Drops to $10.2K; Scaling Solution xDai Doubles in Value Locked

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The bitcoin market continues to display weakness; xDai total value locked shows interest in Ethereum scaling solutions. Bitcoin (BTC) trading around $10,285 as of 20:00 UTC (4 p.m. EDT). Slipping 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $10,250-$10,575 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since September 21.(TradingView) Bitcoin’s price had remained in a narrow range since Monday, as the world’s oldest cryptocurrency stuck within $10,400 territory Wednesday before falling to as low as $10,250 just prior…

Price analysis 9/23: BTC, ETH, XRP, BCH, DOT, BNB, CRO, LTC, LINK, BSV

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Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon. According to survey data from crypto asset insurance firm, Evertas, institutional investors believe that clearer regulations and better infrastructure in terms of trading, reporting, and custodial services will increase their participation in the crypto market. About a quarter of the respondents expect that pension funds, sovereign wealth funds, insurance companies, and family offices will also become more involved with digital assets. The survey also found that 32% of the…

INX Conducts First-Ever SEC-Registered Security Token Offering, McDermott Leads Round – Blockchain News, Opinion, TV and Jobs

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Israeli blockchain company INX Limited got the green light for a security token sale of up to 130 million INX Tokens at a purchase price of $0.90 per Token – when declared effective by the Securities and Exchange Commission (SEC) on August 20, 2020. The offering closed on September 14, 2020, after receiving purchase commitments that exceeded the offering minimum. International law firm McDermott Will & Emery represented the public offering. This is the first public offering of blockchain assets registered under the Securities Act of 1933. “This offering represents a bold step…

Chainlink Correction “Healthy,” But Losing $8 Could Turn Holders Into “Submarines”

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No cryptocurrency has outperformed Chainlink over the last two years of the bear market. But like everything that goes up with such powerful momentum, the way back down is almost nearly as strong. In what feels like a flash, Chainlink has already lost a full 60% from the 2020 high at $20 to the recent local low. Thus far, the correction has been “healthy” according to one crypto analyst, but if support is lost at $8, so-called Link Marines will be turned into “submarines” with their holdings underwater. Why Chainlink…

Blockchain tech is helping to reduce the impact of deforestation in Brazil

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Major meat processing company JBS S.A., has repeatedly come under fire for allegedly contributing to the illegal deforestation of the Amazon rainforest. They are now using blockchain technology to create a unique solution to the problem. According to a Sept. 23 report from Reuters, JBS said it plans to launch a blockchain-based traceability system for its meat supply chain to ensure it does not buy livestock from farms that are known to have illegally felled trees. The company has previously only monitored the final link in the meat supply chain,…

5 Ways to Protect Your Crypto Accounts From Fraud

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Crypto sphere has still place for a lot of fraud cases. In order to secure your crypto account we have gathered best ways how to protect yourself from scammers. No one should be surprised to learn that crypto fraud now ranks as the second-highest form of fraud crime in the U.S. While consumers have only been using cryptos as a viable means of exchange for a few years, it’s noteworthy it didn’t take the criminal element very long to make crypto wallets their favorite playground. When discussing crypto fraud, it…

Billionaire Paul Tudor Jones Would Buy More Bitcoin If He Really Understands It, Says Microstrategy CEO

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Prominent hedge fund manager Paul Tudor Jones’ understanding of bitcoin has come into question since he only invested about 1% of his assets in the cryptocurrency. According to the CEO of Microstrategy, the Nasdaq-listed company that recently invested almost half a billion dollars in bitcoin, Jones would have invested much more if he had really understood bitcoin. Paul Tudor Jones Would’ve Invested More in Bitcoin In an interview with Stephan Livera, published Monday, Microstrategy CEO Michael Saylor shared his thoughts on how his billion-dollar company adopted bitcoin as its primary…