Day: January 13, 2022

Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report

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Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and Bitcoin (BTC) network adoption.  In the annual report released last week, the group shared some insights into the world of BTC mining: “As Bitcoin miners have the most financial incentive tho make the best guess as to the adoption and value of BTC (…) the current bitcoin cycle is far from over and these…

Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report

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The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group. According to a Wednesday report from the Nikkei newspaper, DeCurret Holdings intends to sell the crypto branch of its business to the Hong Kong-based company Amber Group in February. Though the details of the acquisition are unclear, the news outlet reported that the sale price would be in the millions of dollars. DeCurret established a new business structure in December 2021, launching a…

Ex-CFTC Chair Chris Giancarlo Joins CoinFund as Policy Adviser

CryptoX – Cryptocurrency Analysis and News Portal “As former chairman of the CFTC, Chris was always on the cutting edge of technology and at the forefront of regulatory policy,” CoinFund President Christopher Perkins wrote in an email to CryptoX. “As the regulatory framework continues to crystallize across Web 3, Chris will be able to deliver key insight on how CoinFund and portfolio partners can navigate this emerging landscape.” Source The post Ex-CFTC Chair Chris Giancarlo Joins CoinFund as Policy Adviser appeared first on CryptoX. CryptoX Portal

Bitcoin Is Massively Overvalued, Billionaire ’Bond King’ Jeff Gundlach

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Billionaire Jeff Gundlach has shared his thoughts around bitcoin, saying that the digital asset is massively overvalued. Gundlach who is also known as the ‘Bond King’ is the founder of the investment firm, DoubleLine Capital. Bitcoin which has suffered numerous dips that have caused it to lose over 30% of its all-time high value continues to struggle, but even at these low prices, the billionaire does not believe that the cryptocurrency is actually worth its current value. Related Reading | ARK Invest CEO Cathie Wood On What Will Drive Bitcoin Correction…

NFTs Are Finance as an Aesthetic Medium

NFTs are a perfect alignment between art and finance. They are two halves of a strange love-finance-aesthetics union hanging together with a precision that has never been achieved in any previous chapter of the interrelationship of art and money. Because NFTs themselves are a kind of currency, the creative possibilities they open (making, borrowing, sharing, rarity distributions, permissioned access, etc.) have direct analogs on the right side of the balance sheet (issuing, lending, pooling, risk curves, investor control, the beat goes on). Source

Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns – Bitcoin News

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Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the Wikimedia Foundation’s commitment to environmental sustainability.” Proposal Claims Cryptocurrencies May Not Align With the Wikimedia Foundation Members of the Wikimedia Foundation are voting on a proposal that could stop the foundation from accepting digital currencies…

German Fintech NAGA to Start Crypto-Focused Social Trading Platform

Publicly traded German fintech NAGA, which offers investment in stocks and crypto via its mobile app, is to start a social trading platform in 2022 called NAGAX, NAGA announced Thursday. The platform, set to launch in Q1 this year, will consist of a crypto wallet, an NFT platform, a staking platform, a spot exchange with around 700 tradable assets and a futures and derivatives exchange. NAGAX will aim to offer a “unique Web3 social trading experience,” whereby user-generated content on the platform is…

Crypto News Roundup for Jan. 13, 2022

This episode is sponsored by Kava. Today’s Stories: Solana Top Gainer Among Crypto Majors After BofA Endorsement, Rising NFT Activity First Mover Asia: Crypto Prices Rise on Better-Than-Expected US Inflation News Stock Futures Waver Ahead of Jobless Claims, More Inflation Data – WSJ European shares edge down as traders contemplate inflation outlook | Financial Times Featured Story: How DAOs Will Transform the Customer Experience This episode was edited & produced by Adrian Blust. Source