Day: September 7, 2022

VCs pour $14.2B into crypto in H1 2022, but investments now slowing

boss

Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.ย  According to a newly released KPMGย reportย on Sept. 6, the largest investments in H1 2022 came from German-based crypto trading platform Trade Republic ($1.1 billion), digital asset custody platform Fireblocks ($550 million), crypto exchange FTX ($500 million), and Ethereum software company ConsenSys ($450 million). Authors of the report, including KPMG’s Global Leader of Fintech, Anton Ruddenklau, noted…

Binanceโ€™s USDC Swap-Out Isnโ€™t What You Think it Is; What’s Behind Bitcoin’s Late Dive?

boss

On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins aside from their use in trading pairs is to provide dollar stability that their name endows. Original

Binance BUSD Trading Volume Surges By 70%, What Is The Reason?

boss

The introduction of stablecoins, like BUSD into cryptocurrency brought hope to many long-term investors. For those skeptical of the crypto space due to volatility, stablecoins become handy as their sailing means. As the name goes, stablecoins are meant to remain stable to the real-time value of the fiat currencies they are pegged to. Also, some come pegged to tangible assets and cash that facilitate their stability. But the collapse of the algorithmic stablecoin, TerraUSD UST, and its native token, LUNA, created a big hollow for stablecoins. It shifted the paradigm…

Ballet Crypto CEO Very Bullish on Bitcoin, Cryptocurrency

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Bobby Lee, chief executive officer at Ballet Crypto, discusses the upgrade to the Ethereum blockchain coming up in September, what it means for the crypto space and his outlook for cryptocurrencies. He speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on… Twitter: Facebook: Instagram: โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

Russia Canโ€™t Do Without Cross-Border Crypto Payments, Consensus Reached โ€“ Finance Bitcoin News

boss

Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscowโ€™s decision to invade Ukraine was met with wave after wave of Western sanctions. Financial Authorities in Russia Consider Legalizing International Cryptocurrency Payments In the current conditions, โ€œit is impossible to do without cross-border settlements in cryptocurrency,โ€ Russiaโ€™s finance ministry and central bank have concluded after reconsidering their positions on the matter, Russian media reported. The institutions are obviously referring to the restrictions…

Bitcoin Investment ETFs And Trusts Have Slowed Since May

boss

Many investors are uneasy since Bitcoin value has fallen by around 70% since its peak in November 2021. In the meantime, market sentiment is at an all-time low due to analystsโ€™ expectations of a major recession. This is especially clear from the decline in the equity markets as measured by the S&P 500 and Nasdaq 100 indices, which has a big impact on how people invest in BTC on regulated markets. Bitcoin Investment Vehicles Have Taken A Beating When taking a look at the Grayscale Bitcoin Trust, the share price…

OpenSea Weekly Chart Records Ethereum Domains Getting More Hype

With the increased adoption and attention to non-fungible tokens, several platforms like OpenSea emerged as trading hubs. As a result, people needed suitable grounds to interact and transact with the numerous NFTs available in the space. Hence, some platforms have been trying to bridge the gap and serve potential investors of collectibles. OpenSea is an NFT marketplace where many investors buy, sell and trade majorly NFT collections. The platform is a decentralized marketplace built on the Ethereum blockchain. Since its launch in 2017, OpenSea has meteorically risen as one of…

BITCOIN MINING | HOW START EARN BITCOIN WITH CLOUD MINING | 500$ PER DAY? – Bitcoin Mining Website

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Bitcoin mining & Cloud Mining Hello everyone to my channel, in this video I will show my personal earnings results on the binancer.farm platform This platform provides cloud crypto mining services and here you can start passively earning money ๐ŸŽFREE 500 GH/s(free mining) when you sign up your account. โ™ป๏ธBitcoin Mining App: ๐Ÿ”” ABOUT THIS CLOUD MINING ? Binancer farm is a bitcoin mining company using a mining pool from Binance, with more than 10,000 asic bitmain miners available to the general…

Ethereum Classic (ETC) Outperforms Others In 24 Hours With 19% Gains.ย 

Crypto assetsโ€™ prices have recorded more volatility in recent times. There have been some spikes and pullbacks in the price of many. For instance, the beginning of this week saw Bitcoin moving farther from its $20K mark.ย  Bitcoin lost its hold on the $20K mark on September 2, closing the market at $19,969. Since then, the crypto has struggled to remain afloat with little rallies and dips. Also, Ethereum didnโ€™t fare too well until September 6.ย ย  Related Reading: Bitcoin Struggles To Claim $20,000 Mark Amid Bear Market The Bellatrix upgrade…