Month: September 2022

AMC down 40%, stock market plunge to continue, no new highs for 10 years – Gareth Soloway

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com, discusses the long-term outlook for stocks, Bitcoin, and gold with David Lin, Anchor for Kitco News. Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Gareth Soloway on Twitter: @GarethSoloway ( 0:00 – Bed Bath & Beyond 5:00 – AMC 8:28 – Bitcoin 12:44 – Ethereum Merge 16:00 – S&P 500 17:00 – U.S. dollar 19:45 – Gold 22:30 – Long-term stock market outlook 24:20 – Asset allocation 26:00…

Nasdaq Establishes Crypto Unit — Sees Increased Demand for Digital Assets Among Institutional Investors – Finance Bitcoin News

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Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors. Nasdaq Establishes Crypto Unit Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the launch of a new business called “Nasdaq Digital Assets.” Initially, Nasdaq Digital Assets will develop an institutional-grade custody solution, the announcement details, adding: Nasdaq’s custody solution will bring together the best attributes of hot and cold crypto wallets.…

Maple Finance launches $300M lending pool for Bitcoin mining firms

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On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance announced that they would provide up to $300 million worth of secured debt financing to public and private bitcoin mining firms. Qualified entities meeting treasury management and power strategies management standards located throughout North America, as well as those in Australia, can apply for funding. On the other hand, the venture seeks to deliver risk-adjusted returns in the low teen percentages (up to 13% per annum) to investors and capital allocators. The pool is only open to…

Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised

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The American state of Colorado now accepts cryptocurrency for tax payments, Gov. Jared Polis announced on Monday. The option is already available on the state Department of Revenue website.   Colorado tax payments are accepted through the PayPal Cryptocurrency Hub with service fees of $1.00 plus 1.83% of the payment amount. Payments are accepted only from personal accounts in a single cryptocurrency. Businesses cannot pay their taxes via crypto yet. Payments will be effective on the day they are initiated, although it will take three to five days for the…

Neudata and CoinDesk Indices Discuss Crypto Data and Digital Assets

JG: In the beginning, bitcoin price data was most highly demanded. Then, as investors were looking to explore deeper, other data related to transactions (value, count, size, speed), blocks (size and fees), mining difficulty and hash rates became more interesting. As the technology evolved beyond bitcoin and its use case, investors demanded more information about the digital assets available including price but also more information about liquidity and size generally represented by volume and market capitalization. Source

Ethereum Proof Of Work (ETHW) Gains 30%, Is More Upside Coming?

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The Ethereum Proof of Work (ETHW) token had piggybacked off the popularity of the Ethereum Merge. In a bid to maintain the network in its original mechanism, developers had forked the Ethereum network,  creating their own token in the process. The ETHW had been launched after the Merge was completed and was airdropped to ETH holders. The digital asset then suffered massive declines just days after launch.  Ethereum Proof Of Work Recovers The Ethereum Proof of Work (ETHW) token distribution had been ongoing for days after the Merge. The reason…

The Future of NFT Is EVT, the New Game Changer Token – Press release Bitcoin News

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press release PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works. What is NFT? (Non-Fungible Token) A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of a distributed ledger. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be…