Day: March 23, 2021

Institutional managers hold a record $57B worth of crypto, according to CoinShares

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Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.  In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset investment products rose by $99 million for the week ended Mar. 19. Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373 billion. Flows into CoinShares declined by $25.9 million from the previous week. Year-to-date flows have declined by $93 million. Grayscale is by far the world’s…

Crypto .com launching NFT platform with exclusive content from artists

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Cryptocurrency exchange Crypto .com will be launching a non-fungible token platform this Friday featuring content from major artists, athletes, and musicians. In an announcement today, Crypto .com said it would be introducing a non-fungible token, or NFT, platform with exclusive content from famous artists and musicians. Anyone — not just Crypto .com users — will be able to buy, trade, and resell NFTs featuring work from Snoop Dogg, Boy George, Klarens Malluta with Lionel Richie, Mr. Brainwash, OPUS, BossLogic, Axel Mansoor, KCamp, KLOUD, Aston Martin Cognizant Formula OneTM, and others.…

Uniswap V3 launches — UNI prices surges by 8% in minutes

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UNI, the governance token of Uniswap, the most widely utilized automated market maker (AMM) in DeFi, has surged significantly after the launch of Uniswap V3 on March 23. At just over $35 per token, UNI has gained nearly 23% in the past week The Uniswap team said: “Today, we are excited to present an overview of Uniswap v3. We are targeting an L1 Ethereum mainnet launch on May 5, with an L2 deployment on Optimism set to follow shortly after.” With a market capitalization of $17 billion, it has surpassed…

Bitcoin Whales, Institutional Investors Not Bothered by BTC Price Correction

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Despite the recent dump in the price of bitcoin (BTC), institutions and whales continue to hold tight. Institutions Unfazed by Bitcoin Dip While the recent crash in bitcoin’s price might have the newer investors in the cryptocurrency industry a tad bit worried, seasoned hands continue to hold tight to their BTC. According to a recent tweet by crypto analytics firm Santiment, institutional investors, at least for the moment, are not too bothered with the fall in BTC’s price. In fact, these veteran investors are viewing the dump as an opportunity…

BITCOIN HALVING and BITCOIN MINING

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io SUBSCRIBE for more videos ► For videos related to BITCOIN… Check our playlist “Finance” ► Here are the Links for Recommended Videos: What is Bitcoin Best Time to Buy Bitcoin Money Management What Is a Bitcoin Halving? Every 210,000 blocks mined, or about every four years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin’s way of using a synthetic form…

Crypto-collateralized loans may soon bring new investors to space

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Institutional investors will soon be able to receive Bitcoin-collateralized U.S. dollar loans through Silvergate Capital Corporation — the holding company of pro-crypto institution, Silvergate Bank. According to an announcement from Silvergate, Coinbase Custody will be the custodian for loans funded through the bank’s Silvergate Exchange Network, or SEN. The network will provide access to capital through U.S. dollar loans collateralized by Bitcoin (BTC) while Coinbase holds the crypto in cold storage. “Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for…

Bitcoin made me a ‘ton of money’ unlike stocks and gold — Jim Cramer

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CNBC host Jim Cramer has revealed he made “a ton of money” on Bitcoin (BTC) but gold “let him down.” In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to invest $500,000 in BTC. Cramer after Bitcoin buy: “Thank you” “Here’s what’s going on: you made me a ton of money,” he began. Cramer is well known as a mainstream media finance pundit, and is also familiar to Bitcoiners after a previous Pomp Podcast appearance in September 2020. His latest outing, however,…

American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers – Bitcoin News

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The American news magazine Time has revealed it is getting into the cryptocurrency and blockchain space, as a new job listing shows the 98-year-old publication is in search of a chief financial officer (CFO) who understands bitcoin. Additionally, Time will be selling non-fungible token (NFT) assets via Superrare and in 30 days, the news outlet will be accepting crypto assets for digital subscription payments. American News Company Time Is Looking for a CFO That Understands Bitcoin A job listing posted to Linkedin shows that Time magazine, the American publishing company,…

Pomp Predicts Secondary Market for NFTs Will Drive Even Greater Demand

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NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” Nonetheless, Bitcoin-bull Anthony Pompliano predicts a maturation of the NFT use case outside of buying and selling. He sees growth in the secondary market in the form of generating revenue streams through NFT assets. The…