Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on Feb. 8. Comparatively, Bitcoin had $41.9 million of the weekly flows, with a year-to-date total of $2.02 billion. The report suggested that investor diversification was starting to occur, adding that there…
Day: February 9, 2021
Ripple Official Says Blockchain and Digital Assets like XRP Will Transform The Finance Industry
A main driving point of the blockchain and cryptocurrency industry is to provide financial inclusion to the unbanked and underbanked. Cryptocurrency and blockchain adoption will continue to rise as the finance industry continues to be transformed as a result of the current pandemic. With COVID-19 still immanent, the number of unbanked and underbanked in the United States will continue to increase. According to Ripple’s Head of Social Impact Ken Weber, there are currently around 70 million people within the US and 1.7 billion globally that are living outside of the financial…
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Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms – Regulation Bitcoin News
The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia Revoked Over 1,000 Crypto Firms’ Licenses in 2020 Per a report by ERR News, the Ministry of Finance is not aiming to ride-off from the past administration’s agenda regarding the regulation of crypto assets, such as bitcoin (BTC). The current draft legislation is inherited from Jüri Ratas,…
Bitcoin volatility almost returned to ‘Black Thursday’ levels in January
With Bitcoin rallying from $30,000 to $42,000 and back again during January, BTC’s annualized volatility rose to levels last seen in April 2020, according to a new report from U.S. crypto exchange Kraken. January was a roller-coaster ride for Bitcoin, with BTC rallying 46% to a new high of $41,989 before retracing 32% to below $29,000. This resulted in the annualized volatility spiking to over 100% — which was last seen 10 months ago during the infamous ‘Black Thursday’ price plummet. Bitcoin price vs. volatility vs. trading volume. Source: Kraken…
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G7 to discuss CBDC and digital taxation this week
Japanese Finance Minister Taro Aso has revealed the G7’s financial leaders will discuss central bank digital currencies during a meeting on Feb. 12. The meeting will be chaired by Britain, with representatives from the world’s largest economies set to discuss strategies for navigating their way out of the global economic crisis caused by the coronavirus pandemic. Friday’s meeting will commence on the topic of CBDCs, but the minister noted the G7 will also discuss the implementation of digital taxation and emerging debt problems. The G7, or Group of Seven, is…
Molinari: Institutions Switch Focus From Crypto Infra to Assets
News that Goldman Sachs, JPMorgan and Citi are considering entering the crypto custody market likely surprised many who haven’t followed the blockchain tech or digital asset moves of major U.S. financial institutions over the last half-decade. However, analysis based on publicly available blockchain initiatives data clearly shows that many institutions – some more than others – are slowly de-prioritizing blockchain tech and shifting their focus to native crypto assets. To assess how institutions are adapting to blockchain technology, we surveyed their initiative announcements. We looked at credible media, such as…
Bitcoin Could Double (Again) With A Close Above This Key Level
Bitcoin price rose over $5,000 today due to a powerful surge of FOMO, driven following the news that the Elon Musk-led Tesla had added $1.5 billion in BTC to its company reserves. The strength of today’s buying frenzy has pushed the daily Relative Strength Index back above a key level. A close above it could send the cryptocurrency’s price doubling. Here’s how. Bitcoin Blasts Off As Tesla Buys $1.5 Billion In BTC Bitcoin is in what could be its most important bull market ever. The cryptocurrency is no longer only…
045 – Red Centre Hidden GEM – Cloncurry / Mary Kathleen / Balara Heritage Mining Trail
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We head to the country town of Cloncurry and check out the town and surrounds including the Mary Kathleen abandoned town and mine & the Balara Heritage Mining Trail. Cloncurry shouldn’t be missed, add it to the bucket list! Do you like what you’re seeing? Give us a thumbs up! Don’t forget to subscribe so you are notified when we upload new content. We have plenty of videos to share as we continue on this trip of a lifetime around Australia… INDEFINITELY!…