Day: December 15, 2021

Coinbase Backs NYSE Arca’s Push for Grayscale Bitcoin Trust Conversion to ETF

“We believe investors should have access to GBTC in an ETP [exchange-traded product] format because it offers a tried and tested way for retail investors to gain exposure to bitcoin at prices that closely reflect spot bitcoin trading prices without holding it themselves,” the letter said. Grayscale Investments is a digital asset management firm owned by Digital Currency Group, which also owns CoinDesk. Original Source ArcasBacksBitcoinCoinbaseconversionETFGrayscaleNYSEPushTrust CryptoX Portal

Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap

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The year-long calls for a $100,000 Bitcoin (BTC) price have fallen to the wayside since the asset struck a new all-time high at $69,000, but traders are not completely dismayed. At the moment, most analysts view the current price range as an optimal accumulation zone. For the past week, markets had been a bit rocky as investors across the globe grew increasingly nervous about Dec. 15’s Federal Open Market Committee meeting, but confirmation that the Federal Reserve would enact three rate hikes and gradual tapering in 2022 appears to have…

Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

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United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets. Addressing a question on crypto from Michael Derby of the Wall Street Journal on Tuesday, Powell supported the conclusions of a report from the President’s Working Group on Financial Markets released on Nov. 1. The report proposed that stablecoin issuers should be subject to “appropriate federal oversight” akin to that of banks, legislation that was “urgently needed”…

Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity

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Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would provide another purchasing opportunity for investors. The Kraken CEO discussed the crypto market in an interview with Bloomberg TV, revisiting his former prediction that BTC will climb to $100,000 by the end of the year.…

The Senate’s Arguments Against Stablecoins

This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW looks at the recent U.S. Senate Banking Committee hearing on stablecoins. More contentious than the previous week’s House Financial Services Committee hearing on crypto, NLW argues the hearing helps us understand the current arguments against stablecoins from some of their most important political opponents. See also: Fed Speeds Up Stimulus Withdrawal, and Bitcoin Jumps “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and…

Sotheby’s vendió $100 millones en NFTs durante 2021

La casa de subastas informó que ha observado un “repunte” general a medida que los clientes buscan una experiencia digital y física sin fisuras. Las ventas consolidadas de Sotheby’s para 2021 alcanzaron los $7.300 millones, con subastas por un valor de $6.000 millones y ventas privadas por $1.300 millones. Source

[SPONSORED] How Decentralized Networks Are Transforming Products We Use Every Day

Cryptocurrency and blockchain applications are quickly expanding across a number of industries, and decentralized networks have already started to dramatically influence real-world products and services. Not only does this technology impact the usability and efficiency of mainstream software products, but also their fundamental business models. Through open-source, fee-less networks where value accrues entirely to its participants, “token business models” have allowed new protocols to thrive. During this webinar, Sam Williams (CEO of Arweave), Tyler Spalding (CEO of Flexa), and Hugh Karp (CEO of Nexus Mutual) will discuss how decentralized token…

Bitcoin rallies above $49K following Fed FOMC announcement of rate hikes in 2022

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Bitcoin (BTC) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond-buying program starting in 2022. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Kind of what we were thinking” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $49,310 on Bitstamp, its highest since Dec. 12,  when the price briefly popped above the $50,000 mark. The momentum came after the Fed hinted that it could raise its benchmark rate three times next year,…