Day: September 21, 2022

โ€˜Fear of the unknownโ€™ holds back tradfi investors from crypto โ€” Bloomberg analyst

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Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that โ€œfalsehoodsโ€ and โ€œfear of the unknownโ€ is what has been holding back traditional portfolio managers from investing in cryptocurrency.ย  Speaking to Cointelegraph during the Australian Crypto Convention over the weekend, Coutts argues there has been an ongoing โ€œfalsehoodโ€ that โ€œthere is no intrinsic value in blockchains.โ€ โ€œThese asset managers own stocks, like Amazon and Facebook […] which for the first several years these companies had no earnings,โ€ explained Coutts, adding that Facebook in its infant stages โ€œdidnโ€™t have profit […]…

Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem

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Crypto prices dovetailed with stock indexes, which also plummeted on Tuesday as investors continued their recent exile from riskier assets. The tech-focused Nasdaq, the S&P 500, which has a heavy technology component, and the Dow Jones Industrial Average (DJIA) all declined about a percentage point. The Fed’s continued monetary hawkishness aims to quell inflation, which has reached four-decade highs in recent months, but risks casting the global economy into recession. Original

ApeCoin (APE) Leads Gains, Added Over 13% In Last 24 Hours

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After the emergence of Decentralized Finance, Non-fungible tokens erupted in the crypto space. The novel sector carried its frenzy wave for a long time before normalizing and continuing a gradual expansion. One of the notable coins from the NFT sector is ApeCoin.ย  ApeCoin is built on Ethereum and connected to the Bored Ape Yacht Club NFT launched in 2021. At launch, only one billion ApeCoin tokens were created and fixed without plans of releasing more. Related Reading: Cosmos Struggles With $17 As Price Heads Into Distribution Phase During the launch,…

US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks โ€“ Regulation Bitcoin News

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The U.S. Department of the Treasury is seeking public input on โ€œdigital-asset-related illicit finance and national security risks.โ€ The department warned: โ€œThe growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption.โ€ US Treasury Wants Public Comments on Crypto-Related Illicit Finance The U.S. Department of the Treasury published a notice Tuesday inviting โ€œinterested members of the public to provide input pursuant to The Executive Order of March 9, 2022, โ€˜Ensuring Responsible Development of Digital…

Ripple (XRP) Adds Over 7% In Value While Others Bleeding In Market.

The May market crash and its resulting bearish trend caused massive losses for investors. But the Ethereum merge adverse effect was an unforeseen force. The crypto market has recorded more pullbacks than rallies since September 15. Many analysts, especially Ethereum supporters, hyped the merge, making others believe itโ€™ll reverse the market. Unfortunately, after the upgrade, Ether and other cryptos crashed. Even Bitcoin lost $1000 a few minutes after the event.ย  Related Reading: Ethereum Proof Of Work (ETHW) Gains 30%, Is More Upside Coming? The market is still in the Red…

Bitcoin Ethereum & Krypto Abend Update. Kommt da der Erdkern wie besprochen?

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PORTX Token Goes Live on CEXs and DEXs โ€“ Press release Bitcoin News

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press release PRESS RELEASE. The team at ChainPort is incredibly excited to update the public about PORTXโ€™s Token Generation Event (TGE). The team has worked tirelessly to develop the most exemplary ecosystem token for the next-generation cross-chain bridge. Since its launch last year, ChainPort has created a new standard as a cross-chain bridge. ChainPort includes impressive security features, full interoperability, and fast bridging of tokens. Currently, ChainPort supports over nine chains, has a port volume of $615,923,820, and has a total value of $71M. Progress advances at an accelerated pace.…

Bitcoin Price Recovers Above $19,000, But Is The Onslaught Over?

Bitcoin has been able to regain some of its footings over the last 24 hours after it had fallen to the $18,000 level, taking the entire crypto market down with it. Now, as the Tuesday trading day opens, the digital asset has made its way above $19,000. But despite bitcoin looking to be forming support just above $19,200, questions still abound in the market if this is a false recovery. Is The Onslaught Over? Bitcoinโ€™s move above $19,000 has been a 4% increase over the past 24 hours. Given the…