Day: December 2, 2021

Payments Company Square Rebrands to ‘Block Inc.,’ Crypto Service Will Be Called ‘Spiral’ – Bitcoin News

Following Jack Dorsey’s resignation announcement on Monday, two days later Dorsey’s payments company, Square Inc., disclosed that it was rebranding and changing its name to Block Inc. The company said the name Block has “many associated meanings” including the term “blockchain.” Square Changes Name to ‘Block’ — Square Crypto Rebrands to ‘Spiral’ On Wednesday, Square Inc., the firm founded in 2009 by Jack Dorsey and Jim McKelvey has decided to change its name following Facebook’s rebrand to “Meta.” The news follows Jack Dorsey’s resignation announcement when he explained on Monday…

SEC rejects WisdomTree’s application for spot Bitcoin ETF

The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year. According to a Wednesday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust. Specifically, the SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” The SEC concluded…

Wall Street veteran launches $1.5B crypto fund, MELD ISPO shines spotlight on Cardano, Dec. 2

Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding mechanism allowing users to access early-stage crypto startups shined the spotlight on Cardano’s massive community. One of Latin America’s biggest crypto exchanges raised $50 million in private funding to expand its operations. 1inch Network raised another $175 million from leading crypto venture capitalists to expand DeFi liquidity.  These were just some of the week’s biggest business headlines from the world of crypto. Every Thursday, Cointelegraph’s Crypto…

GETTING INTO THESE CRYPTO COINS BEFORE 2022 WILL MAKE BILLIONAIRES

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ✅ Follow EllioTrades on Twitter: ✅ Sign Up for the Free Daily Newsletter: #CryptoCurrency #Crypto #Investing GM E.T Fam! I hope everyone is having a great day so far. If not, you should be, because the market is starting to make a recovery. Plus, it’s Week In Review Time! If you missed all of the great lessons and alpha that was dropped this past week, now is your chance to bring yourself up to speed. I shared the most common mistake that…

First NFT-focused ETF lists on NYSE Arca

On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year. The fund does not directly buy and hold NFTs to store in wallets. Instead, it tracks an index of companies operating or intending to venture into the NFT space, as well as the Metaverse. The BITA NFT and Blockchain Select Index, which the fund…

How November Bear Market-Proofed the Crypto Industry

This episode is sponsored by NYDIG. Download this episode On today’s episode, NLW breaks down investor Travis Kling’s recap of the biggest events in crypto from the month of November. He says two trends are huge capital raises and a focus on NFTs and the metaverse. Both, he suggests, make the crypto markets more resilient to future downturns. See also: Jack Dorsey Takes Square Deep Down the Bitcoin Rabbit Hole “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott…

Small-Cap Gaming Altcoin Spikes, Crashes After Top Exchange Binance Announces Support

An altcoin focused on developing the play-to-earn gaming economy is in a period of intense volatility after being listed by the leading crypto exchange Binance. Merit Circle (MC) is a decentralized autonomous organization (DAO) that invests in metaverse games and lends out non-fungible tokens (NFTs). The platform allows MC token-holding users to participate in protocol governance, stake MC for rewards, and early access to NFT drops and rewards. The metaverse gaming DAO token saw its price shoot up 17% from a 24-hour low of $10.03 to a new all-time high…

The Giving Block raises $2.4M for charity on ‘CyberGivingTuesday’

After Thanksgiving Thursday, Black Friday and Cyber Monday comes Giving Tuesday, a day that encourages contributing to charity. 2021 saw a rise in crypto-philanthropy thanks to The Giving Block’s initiative of Crypto Giving Tuesday, which initially began in 2019. The organization that equips nonprofits to accept cryptocurrency donations raised $2.4 million dollars in crypto this year, a 583% increase from Crypto Giving Tuesday 2020.  From charities, universities, faith-based to other mission-driven organizations, 1,071 total nonprofits participated. And the average donation size was $12,600. The majority of donations were done in…