Day: December 14, 2021

Next Bitcoin ‘Buy The News’ Event Upcoming?

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“Taper” and “volatility” seem to be the words of the month as Bitcoin gets further away from its $69,000 November all-time high. Along with the short-term bearish sentiment in the crypto market, BTC had a pullback on December 13th dripping below $48,000. Some people see more downsides and others rather bid for BTCUSD gains. Bitcoin trading at $48,270 in the daily chart | Source: BTCUSD on TradingView.com Investors have derisked as all eyes are on and the current FOMC meeting and the Fed tapering of asset purchases, fearing Jerome Powell…

US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill

In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis (R-Wyo.) wrote that the crypto industry is concerned about how a broker might be defined after the passage of the Infrastructure Investment and Jobs Ac, the bipartisan infrastructure bill signed into law last month. Source

Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain

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“I think there are a lot of opportunities in the market from other alternative currencies,” Wald said, pointing out ether’s weaker correlation to the traditional markets compared with bitcoin. “Ether is down 12% in the last week alone, which is very daunting, but at the same time there are a lot of reasons to expect that ether could potentially stage a recovery much sooner than bitcoin.” Original

Block, formerly Square, will allow users to gift BTC for the holidays using Cash App

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Digital payments company Block, formerly called Square, has announced that Cash App users will be able to gift friends and family both crypto and stock over the holiday season. According to a Tuesday tweet, Cash App said its users — roughly 40 million active monthly — could send as little as $1 in Bitcoin (BTC) or stock as a gift in the same way they had been sending cash. The payments firm joins others including PayPal and Coinbase in allowing users to send crypto as payments or gifts to third…

WikiLeaks And Bitcoin: A Crypto Love Story?

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The story of WikiLeaks and its move to Bitcoin is a popular one amongst crypto investors. When WikiLeaks had first come out, it quickly gained popularity for publicizing news leaks and classified information on its site. Founded in 2006, the not-for-profit organization has had an interesting history, one of those being its founder, Julian Assange, being sent to prison. Even more interesting is the organization’s history with leading cryptocurrency bitcoin. The anonymous whistleblower platform had gotten on the government’s bad side over leaked documents that contained sensitive and classified military…

Nike Acquires NFT Startup RTFKT Studios in Order to ‘Deliver Next-Generation Collectibles’ – Blockchain Bitcoin News

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Nike, the American multinational footwear and sports apparel company has announced the acquisition of a startup called RTFKT Studios, a firm that leverages non-fungible token (NFT) assets, blockchain authentication, and augmented reality. Nike says the acquisition will allow the company “to deliver next-generation collectibles that merge culture and gaming.” Nike Steps Into the Metaverse by Acquiring RTFKT Studios On December 13, Nike announced the company has purchased the digital collectibles firm RTFKT Studios. The news follows Nike’s initial steps toward the metaverse during the first week of November, and the…

What Gives Crypto Its Value?

Where does crypto get its value? Where does anything get its value? It’s really quite simple: If enough people agree that something is valuable, it becomes valuable. That was how ancient currencies like gold or even cowrie shells derived their value, and this applies to the value of artwork. It doesn’t matter why people desire something, only that the desire exists in high enough volumes. This is the point at which economic value is generated. The given price of an underlying asset will depend on the characteristics of the market…

Cove Markets to join Robinhood Crypto in latest acquisition

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Cove Markets, an API platform that enables users to trade across multiple centralized exchanges and manage aggregate financial data, will become part of Robinhood Crypto, as announced by the discount brokerage late Tuesday. Traders and investors can connect up to seven exchanges, including Coinbase Pro, Kraken, Bitfinex, etc., using Cove Markets to trade over 50 major currencies and altcoins. The two trading firms said they plan to increase the volume of order routing and execution on Robinhood with the acquisition. Christine Brown, chief operating officer of Robinhood Crypto, made the…

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