“If SAFE does well, GNO holders do well,” Matt Hepler, vice president of portfolio management at Arca, a crypto asset management firm, wrote to CoinDesk in an email. “It also allows Gnosis to increase focus on their digital-asset infrastructure business. It’s a win-win.” He said Arca doesn’t hold the GNO tokens. Source
The firm has about $700 million of client’s assets on its balance sheet and doesn’t leverage its internal assets, Liao said. The company believes it is in a good position to evaluate miners’ risks due its relationship with Bitmain, the world’s largest manufacturer of bitcoin (BTC) mining rigs, and its mining pool affiliate, AntPool. The mining pool will be collateralizing the hashrate for the hashrate loans, which will come with no margin calls or liquidations, according to Liao’s presentation. Source
“While the digital asset industry was born and grew outside of any real scrutiny by the SEC, that appears to have changed,” Tyler Gellasch, executive director of the Healthy Markets Association, told CoinDesk. “It’s an existential threat to crypto exchanges and brokers, because many their current revenue streams are either likely dramatically reduced or outright prohibited in the securities world.” Source
MIAMI — AntPool, the mining pool affiliated with mining rig giant Bitmain, has invested $10 million to support the Ethereum Classic ecosystem and plans to continue investing more, the pool’s CEO, Lv Lei, said at Bitmain’s World Digital Mining Summit on Tuesday. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency and crypto mining offers the average person the opportunity to make life-changing wealth. But it seems the governments don’t want that to happen – will crypto regulation force all of us to give up on dreams of riches or even simply financial freedom and non-inflatable currency? Subscribe! – Governments are cracking down on Bitcoin, cryptocurrency, and especially bitcoin crypto mining – but how have the US government been approaching it? With various states cracking down on Bitcoin mining and some outright…
Data shows the price of Bitcoin has broken above the 0.55 Mayer Multiple level, below which the crypto has historically formed bottoms. Bitcoin Has Now Left The Zone Below 0.55 Mayer Multiple As per the latest weekly report from Glassnode, the BTC price has escaped above the Mayer Multiple bottom zone. The “Mayer Multiple” is an indicator that measures the ratio between the current Bitcoin price and the 200-day moving average of the same. A “moving average” (or MA in brief) is an analytical tool that takes the average of…
“Nubank has, in eliminating complexity, a value proposition that permeates all our products. With crypto activities, this becomes even more relevant due to the fact that it is a market with complex systems that make it difficult for people interested in taking their first steps to join,” Thomaz Fortes, leader of Nubank’s crypto area, said in a statement. Source
During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like Electricsheep, Moonbirds, and Moonbirds Oddities have spiked between 90% to more than 16,000%. NFT Sales Down 8% as Ethereum-Based NFTs Command 83% of This Week’s $159 Million in Sales Volume Data from the last seven days indicates that $159.24 million…
After being seen in the House a few times, a bipartisan bill is introduced into the Senate with a drastically reduced exclusion for purchases made with cryptocurrency. The Virtual Currency Tax Fairness Act of 2022 was introduced into the United States Senate on Tuesday by the bipartisan team of Senators Patrick Toomey and Kyrsten Sinema. The bill is a companion to the one already before the House of Representatives, although it differs in one key detail. Both the House and Senate bills exclude small purchases made with cryptocurrency from the…
Web3 – also known as “Web 3.0” or “Web 3” is a term that has become increasingly popular as the evolution of the Internet advances with digital assets. The term itself describes the next generation of the Internet that allows users to participate beyond reading, enabled by Web 1, and writing, enabled by Web 2. For example, in the 1990’s, Web 1 was comprised mostly of a collection of links and homepages that were readable but not particularly interactive. In 2004, the next version of the Internet, Web 2 allowed…