Day: December 29, 2021

What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row

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Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the U.S. benchmark index, the S&P 500, and the gold. Arcane Research noted in its new report that Bitcoin’s year-to-date (YTD) performance came out to be nearly 73%. In comparison, the S&P 500 index surged 28%, and gold dropped by 7% in the same period, which marks the third year that Bitcoin has outperformed. Bitcoin vs. S&P 500 vs. Gold in…

What Makes CoinEx Stand Out? Founder & CEO, Haipo Yang Answers Users’ Questions

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Q: Of the many ups and downs, CoinEx has gone through in the past four years, what was the most complicated challenge? How did you meet it? Haipo Yang： Feeling lost was the most complicated challenge we had. We struggled to find the answers to many questions, including: What kind of exchange should we be? How do we realize this? Does the future look good for the crypto industry? Personally, I felt lost, but the team was even more so. Many start-up teams will be able to relate to this.…

How Ethereum Will Be Transformed in 2022

With 2021 winding down and 2022 hopefully being the year of the Merge, I wanted to do a deeper dive into five of the top things to expect with Ethereum’s impending transition to proof-of-stake. The Merge itself will not be as initially glamorous as many market participants and outsiders may believe. However, the underlying improvements and the foundation it sets will allow Ethereum to onboard millions of users without sacrificing decentralization. Source

Ready Player Me raises $13M to expand metaverse platform

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Metaverse gaming platform Ready Player Me has announced a $13-million Series A funding led by the respective co-founders of Wise and Teleport, Taavet+Sten, with further participation from the co-founder of GitHub, Tom Preston-Werner, alongside Samsung Next, Konvoy Ventures and Gmoney. The platform intends to utilize the capital to advance ambitions for avatar interoperability between metaverse worlds. This initiative supports the thesis of multiple digital dimensions as opposed to a singular model, a critic often leveled at Meta, formerly known as Facebook, amid cautions of its attempts to land-grab, or monopolize,…

An African Perspective on Why the World Needs Cryptocurrencies – Op-Ed Bitcoin News

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Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded. Cryptocurrency Now a Necessity Despite ongoing efforts by regulators to curtail the use or trade of cryptocurrencies, the number of users of such digital assets continues to grow. As some studies have repeatedly shown, cryptocurrencies like bitcoin — which are seen or used as…

ProShares Files Application With SEC for a Metaverse ETF

ProShares has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on the metaverse. In a filing Wednesday, ProShares said the “Metaverse Theme ETF” would track the performance of the Solactive Metaverse Theme Index, which includes companies exposed to the metaverse industry. The index will give the ETF exposure to U.S. companies listed on the New York Stock Exchange (NYSE) or the Nasdaq that meet certain market capitalization and liquidity requirements, ProShares said. The Solactive Metaverse Theme Index includes tech giants including…

SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings

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The Chairman of the Securities and Exchange Board of India (SEBI) Ajay Tyagi urged mutual funds to avoid investing in crypto-related assets as the government considers new cryptocurrency rules. Speaking at a press conference on Tuesday, Tyagi advised firms to refrain from investing in funds linked to crypto assets until there is clarity on the policy and regulatory framework. “Those who have invested in mutual funds, – in companies related to crypto assets or foreign firms through fund-of-funds (FOF) – my thinking is that till we get clarity on its…

Five instances of governments embracing digital assets

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As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing $68,000 for the first time since inception, the year of 2021 will be remembered for Bitcoin’s historical adoption as legal tender in El Salvador. The world’s first-ever Bitcoin exchange-traded fund (ETF) was also inaugurated in 2021, alongside many other benign regulatory developments around the world. As we glance back at notable global regulatory moments in 2021, Cointelegraph has picked some…