Day: October 15, 2021

How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?

On Oct. 6, the United States Department of Justice, or DOJ, announced the creation of a specialized unit, the National Cryptocurrency Enforcement Team, or NCET, tasked with prosecuting criminal misuses of digital assets and crypto infrastructure, as well as tracing and recovering the ill-gotten cryptocurrency. The move continues the U.S. authorities’ push to disrupt the corners of the crypto ecosystem that are thought to facilitate illicit activity, such as ransomware attacks. What does the government’s crypto enforcement ramp-up hold for the larger digital asset space? Pooling crypto expertise The new unit…

Jacobi Asset Management Wins Bitcoin ETF Approval in Guernsey

Bitcoin exchange-traded funds are popping up across the Atlantic. Newcomer digital assets manager Jacobi said Friday that it won approval from regulators on the island of Guernsey to launch a physically-backed bitcoin ETF. The news comes as U.S. investors await the fate of a spate of bitcoin futures-linked ETFs from the SEC. With Bloomberg reporting their approval is imminent, the crypto markets are rallying, bitcoin leading the way. Jacobi plans to list the ETF on Cboe Europe pending further regulatory approval. It said in a press release that the U.K.’s…

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Bitcoin Price Smashes $61.7K High — Leading Crypto Asset Needs to Gain Over 5% to Reach ATH – Markets and Prices Bitcoin News

The price of bitcoin has continued to push toward higher prices as the leading crypto asset has tapped a high of $61,749 per unit on Friday. The crypto asset came awfully close (around 5.3% away) from tapping the all-time price high reached six months ago on April 14. Bitcoin’s Bull Market Rampage Continues Bitcoin (BTC) has done phenomenally well during the last two weeks as October has been a good month for the leading crypto asset. On October 15, 2021, BTC tapped a high of $61,430 per unit. The crypto…

Right-wing Indian group calls for stricter crypto regulations

Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh, or RSS — a right-wing Hindu nationalist society — has urged India’s government to pursue crypto regulations “in the larger interest of society.” According to Asian News International, the RSS chief made these remarks during his speech marking the celebration of the Hindu festive Dussehra. Despite numerous reports of looming crypto bans, the narrative from government sources has been that stakeholders prefer to create a framework for regulating the market. A coalition of pro-crypto entities was even able to secure a…

NFTs Are an Internet Game-Changer

When they look at non-fungible tokens, non-crypto “normies” in the mainstream tend to focus on the mind-blowing prices that have been paid for digital art and the fanaticism around avatar communities such as the $542 million in sales of Bored Ape Yacht Club NFTs. They wonder what all the fuss is about. If they were to pick up on the many other applications that are now being explored – from renting out your digital gaming assets to selling your DNA – they might recognize that something more profound is afoot. Even…

MASSIVE Crypto News to Launch HYPERBOLIC Bitcoin Bull Run

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I give you the top crypto news stories of the day in less than 3 minutes. Jerome Powell says the United States has no interest in banning crypto. Coinbase lists Avalanche. Is it time for a HUGE Avalanche run in the near future? Lis Nas X and Grimes have been included in the TikTok NFT launch, including moments from their best viral TikTok videos. Will this push the future of NFTs even more into the mainstream? How to join…

$2T and Counting: Some Friday Perspective

Nic Carter, prominent industry venture capitalist and shyguy, had an insightful comment yesterday about how it’s easy to lose sight of reality when you’re logged on, heads down focused on building the digital tomorrow. It was in an article about tungsten – the latest obsession among many on Crypto Twitter. “Focusing on metals is funny because, like, we’re dealing with synthetic stuff all day, right? So, like, why not just recenter on some analog physical goods every now and again. That’s the joke,” he said. This article is excerpted from…

Coingecko Publishes Q3 Crypto Report — BTC Outperformed Every Major Asset Class, Altcoins Decouple – Emerging Markets Bitcoin News

On Thursday, the crypto asset aggregation portal Coingecko published the firm’s 2021 third-quarter report which shows a number of different findings. According to the study, for the most part, the crypto economy recovered from the market downturn in May as the top 30 market caps grew by 31% in Q3. The report shows that altcoins continue to decouple (specifically those from alternative chains) and the leading stablecoin tether has been losing its share “as the preferred stablecoin.” 2021 Q3 Cryptocurrency Report Observes the Crypto Landscape and Bitcoin’s Third-Quarter Market Performance…

Bitcoin Breaks $60,000 Ahead Of SEC ETF Approvals

Bitcoin has broken a new five-month high on Friday after breaking above $60,000. The digital asset had begun its ascent weeks prior at the beginning of October, a historically bullish month for cryptocurrencies. This rally has been mostly driven by rumors that the SEC is set to approve the first Bitcoin ETF in the United States. With news like this circulating in the market, traders have ramped up their activities in the market. The rumors have triggered massive buying activities in the market and this has led to the price…