VanEck has had a rollercoaster of a month with its Bitcoin ETFs. After three Bitcoin Futures ETFs were approved by the Securities and Exchange Commission, Spot ETFs became the next big thing as they posed a greater advantage for traders. However, this would prove to not be happening anytime soon as the VanEck Spot Bitcoin ETF was rejected by the regulatory body. However, all hope was not lost for the investment fund as it had doubled back with a bitcoin futures ETF. This time around, VanEck found success as the…
Day: November 16, 2021
Brave launches browser-native crypto wallet to combat fake extensions
Privacy-oriented browser Brave continues to deepen its commitment to cryptocurrency adoption by replacing its extension-based cryptocurrency wallet with a browser-native one. The company announced to Cointelegraph on Tuesday that it is prepping the official launch of Brave Wallet; a self-custody cryptocurrency wallet built into the Brave desktop browser, enabling users to store and buy cryptocurrencies like Ether (ETH). Brian Bondy, chief technology officer and co-founder at Brave, told Cointelegraph that the new wallet replaces Brave’s MetaMask extension fork named Crypto Wallets. According to the CTO, the new implementation that was “built from…
Brave Browser Launches Built-In Crypto Wallet
Brave Wallet allows for token purchases through Wyre, tracks portfolio performance, swaps a wide range of tokens and stores non-fungible tokens (NFT). It is self-custody, meaning wallet users hold their private keys. It supports all Ethereum Virtual Machine-compatible tokens, Brave said. Source
Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says
The decline of the bitcoin miner’s shares because of the SEC’s subpoena and convertible debt offering is “overdone,” according to the firm. Nov 16, 2021 at 4:56 p.m. UTC Updated Nov 16, 2021 at 5:24 p.m. UTC Marathon Digital CEO Fred Thiel (CoinDesk “First Mover” screenshot) Source
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Blockchain Firm StarkWare Raises $50M Series C Funding Round at a $2B Valuation
“This valuation makes us more confident than ever in our vision,” said Eli Ben-Sasson, co-founder and president at StarkWare, in a statement. “By empowering blockchains to scale globally, people of any economic status will gradually be able to stop entrusting data into the hands of big companies, and control it themselves instead.” Source link
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency – Regulation Bitcoin News
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal Reserve Governor Michelle Bowman said last week that she does not see much of a reason for the Fed to issue a U.S. central bank digital currency given the safety and efficiency of the U.S. payment system.…
Royal House of Savoy NFTs to debut on the 150th anniversary of the Unification of Italy
Multimedia film director and artist Yi Zhou is set to mint the first-ever royal nonfungible tokens, or NFTs, based on the story of Italy’s House of Savoy. The digital works are made in collaboration with the House of Savoy’s (non reigning) descendent, Emanuele Filiberto di Savoia, Prince of Venice. The House of Savoy is known for playing a pivotal role in the Unification of Italy, or the “Risorgimento”, over 150 years prior. Its then king, Victor Emmanuel II, acted as a symbol of the movement. Together with the Sardinia-Piedmont premier…
Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs
Bitcoin (BTC) logged its worst daily performance since September as BTC price slid by 10% to under $59,000 on Nov. 16. On the other hand, the United States dollar jumped to its best level in sixteen months after spending across the American retail sector grew despite persistent COVID-19 fears and inflation concerns. The BTC price established an intraday low of around $58,600 on Coinbase, only to retreat higher to reclaim $60,000 as its psychological support. Its move downside appeared as U.S. President Joe Biden signed the $550 billion infrastructure bill…
Surprise Bitcoin Selloff Causes Extreme Greed To Taper
Blood has been shed as Bitcoin dropped below $60,000 once again and hints at more downside. The first crypto by market cap trades at $60,800, as of press time, with a 5% loss in the daily chart. BTC crashing in the 4-hour chart. Source: BTCUSD Tradingview Although it has seemed some recovery, Bitcoin registers a correction of around 12% from its all-time high as an increase in selling pressure caused the entire crypto market to take a dive. Related Reading | Bitcoin Bears Are Back, Why BTC Could Even Dive…