Day: February 1, 2022

Bitcoin Steady Near $38.5K as Australian Central Bank Ends Easing Program

Bitcoin has nearly halved in value since peaking near $69,000 on Nov. 10, predominantly due to fears of faster Fed tightening. The cryptocurrency’s fortunes are closely tied with the equity markets, with the 60-day correlation between the two assets now at 65% versus virtually zero in 2017. The sensitivity to stock market gyrations and macro factors like central bank decisions perhaps stems from increased institutional participation. Besides, bitcoin has been one of the inflation trades. Source

Solana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status – Finance Bitcoin News

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On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109 million in a Series B financing round according to the firm’s recent blog post. Furthermore, Phantom also launched the Solana wallet’s iOS version for Apple smartphone users. According to the announcement, the $109 Series B was led by…

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Why More Gains Seem Possible

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Ethereum started a steady increase above the $2,650 resistance against the US Dollar. ETH price could rise further if there is a clear move above the $2,800 level. Ethereum gained pace above the $2,600 and $2,650 resistance levels. The price is still trading above $2,650 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend increase if it surpasses the $2,800 resistance zone. Ethereum Price Gains Momentum…

Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone

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The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether. The stablecoin landscape is a constantly-shifting dynamic but one trend has become clear over the past year or so — Tether’s dominance is diminishing. Its main rival, Circle, has just reached a milestone of 50 billion USDC in circulation according to CoinGecko and a Feb. 1 tweet by company co-founder and CEO, Jeremy Allaire. 50 BILLION USDC (w/ thread below) pic.twitter.com/5FEaPmXjup — Jeremy Allaire (@jerallaire) February 1, 2022 Allaire said…

The Ups and Downs of Crypto Loans

HODL. It’s crypto-land philosophy for not selling your preferred token even when things look their most bleak. But where philosophy intersects with real-world concerns like shelter, food and the niceties of life, tactics have emerged which offer both opportunities and risks. From smart contracts to bitcoin collateralized mortgages, the hosts discuss their experiences with loans in the world of crypto. Source

Bitcoin, JPEG et blockchain, Thomas VDB se penche sur les concepts flous !

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io La chronique de Thomas VDB – (26 Avril 2021 – Camille Etienne) Ou l’on découvre que la blockchain, ce n’est pas le violon d’Ingres de Thomas VDB Retrouvez toutes les chroniques de Thomas VDB dans « Par Jupiter ! » sur France Inter et sur ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Yield Guild Games Raises $1.45M for Philippine Typhoon Relief

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Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16’s Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need. The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the Philippine Army and Navy and non-profits to distribute among affected communities. There is still about $458,000 worth of crypto and tokens that have been donated to the relief fund but they have yet to be converted to fiat currency…

82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity – Featured Bitcoin News

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A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte and the Times of India recently conducted a survey on cryptocurrency investing. The results were published Sunday. Out of 1,800 respondents, 55.2% said they have invested in cryptocurrencies and will continue to do so. A…

Anchorage Closes in on FDIC Crypto Custodian Deal, Documents Show

Digital assets are growing more commonplace on the balance sheet of banks in the U.S. Eventually one of these institutions may fail, and the Federal Insurance Deposit Corporation (FDIC) will need to step in to clean things up. Cue Anchorage, a digital assets custodian, and the first crypto startup to receive a trust charter from the Office of the Comptroller of Currency. According to documents obtained by filing a Freedom of Information Act (FOIA) request, the bank is in the final stages of bidding for a contract with the FDIC…