Day: November 3, 2021

ALL BITCOIN AND ETHEREUM TRADERS SHOULD WATCH THESE LEVELS!!!!!!!!!!!!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🟠 BYBIT ($1645 BONUS) : 🔵 PHEMEX ($2000 BONUS) : 🟡 PRIMEXBT (50% DEPOSIT BONUS) : Use Voucher 50% Deposit Bonus : 50Blockchain 00:00 Intro 00:30 Bitcoin Analysis 00:50 IMPORTANT!! Bitcoin price prediction and trading analysis : I will go over the most important signs in the Bitcoin chart right now. With the use of Technical Analysis I will do a Bitcoin price prediction and explain the potential scenario’s of the Bitcoin price. And guys, while you’re here don’t forget to LIKE…

wXRP to launch on the Ethereum blockchain in December

If all goes to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable XRP holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via their native tokens. Currently, the network can only handle sending, receiving, and holding XRP. Wrapped tokens are digital currencies stored in a digital vault and run on a separate blockchain. Notable wrapped tokens include Wrapped Bitcoin, which…

Tron Foundation, APENFT Launch $100M Fund for NFT Projects

Justin Sun’s Tron Foundation has joined with APENFT, a non-fungible token (NFT) marketplace, to launch a $100 million fund to support NFT projects and digital artists. The Art Dream fund aims to collect “meaningful stories and catalyze financial and cultural inclusion in the metaverse,” said APENFT, which operates on the Tron blockchain founded by Sun. The metaverse is an environment generated by the convergence of virtual worlds, augmented reality and internet services. Artists will receive support and guidance from the Tron Foundation and…

Money managers with zero crypto exposure risk being left behind — Bloomberg strategist

The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg’s senior commodity strategist Mike McGlone.  The November edition of Bloomberg’s Crypto Outlook described 2021 as just another foundation year for the cryptocurrency market, further underscoring the long-term value proposition of digital assets. In this environment, money managers “risk falling behind and underperforming peers who own crypto assets,” wrote McGlone,…

Crypto Exchange Kraken Fails to List SHIB, Despite Promise

However, as of Wednesday, SHIB is still not available to buy and sell on Kraken, and in a follow-up tweet, the exchange wrote that while they’ve heard SHIB’s supporters “loud and clear,” there is “more work” for them to do as they move through their listing review process. Kraken did not further clarify when or if it would list SHIB. Source

Crypto News Roundup for Nov. 3, 2021

This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis. Today’s Stories: Ether Hits Fresh Record High, Sandbox’s SAND Leads Rally in Metaverse Coins Loopring Surges 40%, Solana Replaces Cardano as 5th-Largest Coin as Ethereum Fees Spike European stocks steady as investors anticipate Fed meeting S&P Futures Pause, Meme Stocks Jump Federal Reserve prepares to start tapering as US inflation concerns persist U.S. stock buybacks head for record in third quarter Oil Retreats on Concern Tighter Fed Policy Will Impede Growth Wall Street banks step up preparations for…

Goldman Sachs boosts tokenization efforts with new partnership

American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset. The partnership enables Goldman Sachs to use Daml, a development framework created by Digital Asset to allow financial institutions to build and execute agreements on blockchain, the company announced Wednesday. One of core Digital Asset’s technologies, Daml will help Goldman Sachs develop its own “end-to-end tokenized asset infrastructure” that would support multiple asset classes on private and public blockchains, the announcement reads. Mathew McDermott, global…

Recounting 2021’s biggest DeFi hacking incidents

Compound Finance is just one of the latest victims of DeFi hacking incidents in 2021. On Sept. 30, its errant token distribution bug within the Proposal 062 exposed a flaw in which $70 million–$85 million in excess COMP tokens were wrongly distributed to users.  Yet, an extra $65 million was placed in a vulnerable vault a few days later, resulting in at least $150 million in COMP tokens at risk. But, while Compound was able to remedy the entire situation, it shows how vulnerable the decentralized finance (DeFi) sector can…

SEC won’t lead regulation, Congress urged to act

On Nov. 1, the United States President’s Working Group on Financial Markets (PWG) released its long-anticipated report and policy recommendations on stablecoins. The document’s main focus is on prudential risks that “payment stablecoins” — or those meant to maintain a stable value against a reference fiat currency — could pose to users and financial stability. The PWG’s key message is that while stablecoin use is currently largely limited to facilitating digital asset transactions, under certain conditions the asset class could achieve much wider retail adoption, necessitating a comprehensive federal prudential…

Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral – Exchanges Bitcoin News

The Nasdaq-listed crypto exchange Coinbase is now letting customers borrow up to $1 million using bitcoin as collateral. The company charges 8% APR but there is no credit check. The exchange said that the bitcoin used as collateral “remains safely held by Coinbase,” emphasizing, “It’s not lent out or used for any other purpose.” Customers Can Borrow up to $1M With Bitcoin as Collateral From Coinbase Cryptocurrency exchange Coinbase announced Tuesday: We’re excited to announce that eligible customers can now borrow up to $1 million USD from Coinbase. On its…