Day: October 6, 2021

Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback

Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar. Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, that crypto is “a jihadist call that we don’t believe in the dollar.”  He expressed his dismay over the younger generation working on dollar alternatives in the crypto sector: “What a crazy concept this is, that we as a country embrace so many bright, young, talented people…

Dogecoin Listed On Coinbase!

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US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients – Featured Bitcoin News

US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients. U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The Minneapolis-based company serves millions…

A16z Proposes Decentralization-Friendly Oversight Regime for US Government — CoinDesk

Specifically, a16z’s consumer protections proposal, filed in response to a call from U.S. Sen. Pat Toomey (R-Pa.) of the Senate Banking Committee, recommended creating a simple disclosure-based supervision regime under the Consumer Financial Protection Act. DAOs, meanwhile, are to be given similar legal rights to that of a standard incorporated entity including tax requirements, being allowed to open bank accounts and sign legal agreements. Source

Ethereum is Back! ETH and DeFi Will EXPLODE | PAID Network Hack | Crypto News

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Bitcoin price pushes through $51K, extending bulls’ short-term target to $56K

The early morning momentum that pushed Bitcoin (BTC) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC up near the $51,900. Data from Cointelegraph Markets Pro and TradingView shows that after a brief period of consolidation, bulls resumed their drive higher and many analysts are watching to see if BTC price holds the $50,000 level as support. BTC/USDT 4-hour chart. Source: TradingView Since touching $40,885 on Sept. 29, BTC price has rallied 26.8% and reignited traders’ hope…

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Grayscale Report Shows The Good, The Bad, And The Ugly Of The Cardano Network

Cardano featured in the latest release of the Grayscale Building Blocks, a monthly publication from one of the leading crypto funds in the world. The report focused solely on the third-largest cryptocurrency by market cap. An exposé of sorts. The report went through various aspects of Cardano, including its creation, leadership, community, and so forth. Cardano is the third-largest holding of Grayscale in its GDLC Fund (Grayscale Digital Large Cap Fund). This is why the asset manager has taken a vested interest in the asset and is educating its investors…