Day: November 1, 2021

Market Wrap: Bitcoin Range-Bound as Traders Expect Strong November

Bitcoin has traded in a tight range over the past few days. It appears that extreme bullish sentiment is starting to cool after BTC reached its all-time high of around $66,900 two weeks ago. For now, traders are gearing up for a strong November and expect positive crypto returns heading into the end of the year. Still, some analysts see room for a slight pullback as open interest rises in the bitcoin futures market. “[Rising open interest] is typically a bearish signal as it means there is more leverage in…

Bitcoin Mining Operation Genesis Digital Assets Announces New Data Center in West Texas – Mining Bitcoin News

Following a number of ASIC mining rig acquisitions from the manufacturer Canaan, the bitcoin mining operation Genesis Digital Assets announced on Monday that the firm is developing an industrial-scale bitcoin mining data center in West Texas. According to the announcement, Genesis says that the new facility will have 300 megawatts of capacity with a “low carbon footprint.” Genesis Announces New Bitcoin Mining Facility With 300 Megawatts of Capacity The mining firm Genesis Digital Assets has announced the launch of a new bitcoin mining facility that will be located in West…

Top 5 Things That Happened in Crypto in October

This episode is sponsored by NYDIG. Download this episode NLW counts down the top 5 things to happen in crypto over the last month, including a DAO buying a Wu Tang clan album, top 5 US banks creating new crypto offerings, battles around SEC subpoenas and much more. Listen to find out why we will view October 2021 as a significant transitional month in bitcoin and crypto history. See also: Biden Administration to Congress: Put Stablecoins Under Federal Supervision – Or We Will “The Breakdown” is written, produced by and features…

BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA

Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has largely been bullish for Bitcoin. Since 2013, Bitcoin has closed November in the red on only two occasions, in 2018 and 2019. Another positive impetus for Bitcoin could be the tailwinds from the U.S. stock markets, which also have an enviable record in November. The S&P 500 has recorded a median rise of 2% in November, the only month of the year to…

Patreon to explore expansion into crypto realm

Patreon executives again teased their company’s expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with chief product officer Julian Gutman, saying: “I really love the idea of creators owning their media and owning their content. […] I love the idea of shifting power away from institutions and toward individual creative people.” Conte noted that while the platform doesn’t currently have full-time employees focused on cryptocurrency, it was considering hiring them. Gutman went on to say, “I think…

10 Bullish Monthly Bitcoin Price Charts To Start November

Bitcoin price closed the month of October with a higher high on the candle closing, a feat that has throughout history always led to a renewed bull run and additional all-time highs. Coinciding with the November monthly open, here are ten bullish Bitcoin price charts that suggest bullish continuation is ahead – but also warns that the eventual end to the market cycle is near as well. Ten Bullish Monthly Bitcoin Price Charts The leading cryptocurrency by market cap has made a higher high on the highest timeframes – a…

Bitcoin and Ethereum Exchange-Traded Products Could Be Coming to Australia, According to New Report

The Australian Securities and Investments Commission (ASIC) says that the nation could soon approve exchange-traded products (ETPs) for qualifying cryptocurrencies. A new report by ASIC shows that consumer feedback received after a four-week consultation period was overwhelmingly positive for crypto ETPs.   “There was near-unanimous support for ETPs and other investment products that provide exposure to crypto-assets being facilitated within the regulatory framework administered by ASIC… We recognize the interest in, and demand for, ETPs and other investment products that hold crypto-assets in Australia. However, we are also aware of…

Most Influential 2021: Vote Now

More important, if you think we missed anyone, please write in their names. Things are moving fast and some people may have escaped our attention. (That said, we try not to repeat anyone from previous lists – so if you’re confused why Vitalik Buterin isn’t long-listed, it’s because he was Most Influential before this year.) Source

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Sfermion raises $100M for NFT and metaverse ventures

Nonfungible token, or NFT, investment firm Sfermion has announced a secondary funding raise of $100 million — appropriately titled Fund II — from a number of established cryptocurrency investors including British billionaire Alan Howard, American entrepreneur Chris Dixon, Gemini co-founders Cameron and Tyler Winklevoss, and venture capital firm Digital Currency Group, among others.  Whereas predecessor Fund I focused solely on NFT investment opportunities, seven-figure Fund II will be utilized to “accelerate the emergence of an open, decentralized metaverse” through strategic investments. Founded in 2019 by Andrew Steinwold, Sfermion is intent…