Day: February 17, 2021

Evolve’s Bitcoin ETF Filing Gets Approved by Canadian Regulators

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Evolve Funds Group Inc., has gotten the approval of the Ontario Securities Commission (OSC) to launch its bitcoin exchange-traded fund (ETF) dubbed EBIT. The team says the new ETF is designed to provide investors with exposure to the daily price movement of the U.S. dollar price of bitcoin (BTC), according to a prospectus document dated February 12, 2021. Canadian Regulators Greenlight Second Bitcoin ETF In another exciting development for Canada’s cryptocurrency ecosystem, the Ontario Securities Commission (OSC) has approved the bitcoin exchange-traded fund filing of Evolve Funds Group Inc, barely…

xSigma Prepares to Launch Its Stablecoin DEX With Major Backers – Press release Bitcoin News

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press release PRESS RELEASE. xSigma is a decentralized exchange and liquidity mining platform that supports stablecoin swaps. It enables dollar-pegged assets to be traded onchain with minimal slippage and lower fees than existing AMMs. The project is gearing up for its public launch, when early adopters will have the opportunity to earn rewards for providing liquidity and traders can execute swaps in a highly liquid environment. Backed by a NASDAQ-listed company, and developed by an experienced team that includes former Google engineers, xSigma has secured the support of several high…

Bitcoin Cracks $52K On Coinbase As Momentum Gathers For $1 Trillion

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Bitcoin is about to perform its most important feat yet: achieve a market cap of over $1 trillion. And it just got past the first major hurdle at $52,000. The $54,000 price level and above is the only remaining threshold in the way, and once past it, a flood of trillions in capital could follow after the milestone is set. Bitcoin Takes Out $52,000 With No Ceiling In Sight Bitcoin just took out $52,000 just a day after poking above $50,000 per coin for the first time ever. The price…

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SecretSwap Is the Secret Network’s Answer to DeFi Privacy

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The Secret Network, a protocol focused on privacy for decentralized finance (DeFi), has launched SecretSwap, a front-running resistant and cross-chain decentralized exchange. It is now live on the Secret Network mainnet.  SecretSwap uses the SNIP-20 secret token standard and Secret Ethereum bridge. “SecretSwap is the first front-running resistant, cross-chain [automated market maker]. Its architecture (being based on Secret Network) gives SecretSwap usability advantages, protects users from malicious bot activity, increases the availability of assets and keeps fees much lower than on Ethereum,” said Tor Bair,  the Secret Foundation’s executive director…

A 5% Move Pushes Bitcoin To A $1 Trillion Market Cap

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Bitcoin price has broken $50,000 and is now well above the key phycological resistance level. At the halfway point to $100K per coin, there was bound to be some resistance, but already bulls have pushed the price per BTC to new record highs. At the current price per coin, the first ever cryptocurrency is less than a 5% move away from reaching a $1 trillion market cap for the first time ever. Here’s what reaching such an astounding achievement means for the future of the cryptocurrency market and the rest…

Async programmable art platform secures over $2M in seed funding

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Async Art, a Silicon Valley nonfungible token platform, has secured over $2 million in seed funding from at least 10 investors, highlighting the growing value proposition of programmable art.  The company announced the new raise on Wednesday, highlighting Async’s rapid growth since its February 2020 launch. In its first year of operations, Async generated over $1 million in art sales and launched a smart TV app to display digital art. Although the company didn’t specify how it would use the funds, it indicated that onboarding new users and creating new…

Bitcoin Taproot Upgrade Expected to Begin Activation in July

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A release date and activation timeline are set for Bitcoin’s Taproot upgrade, but developers and other stakeholders are still debating the best method to coordinate Bitcoin’s biggest upgrade since SegWit. Per a public IRC chat discussion, the code for the fully primed-and-ready Taproot upgrade will be deployed sometime between March 17 and March 31 (or April if necessary), but the actual signaling that kick-starts the activation process probably won’t start until July. If everything goes as planned, then Bitcoin’s “economic majority” (miners and node operators who run Bitcoin’s code) could…