Day: November 16, 2023

Brazil’s crypto regulatory environment is driving competitiveness — CEO of Coinext

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Cryptocurrency may be “out of fashion”, but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext.  During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph’s Joe Hall Bitcoin’s perspectives, Brazil’s vibrant crypto economy and how regulatory clarity has boosted competition in the country’s payments sector. According to Ribeiro, the Bitcoin volume transactions in Brazil will reach a record level in 2023, as more global crypto exchanges set operations there, such…

Analyst Forecast 2X By Mid-December

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Popular cryptocurrency market analyst Captain Faibik has recently shed more light on his predictions toward the price of Shiba Inu (SHIB) and revealed where the cryptocurrency ought to be by mid-December.  Crypto Analyst Optimism On Shiba Inu The crypto analyst took to his official X (formerly Twitter) handle to share his projections on the price movement of Shiba Inu. According to the analyst’s post and token chart, SHIB has crossed a trendline near the $0.00000839 price level. Due to this data, the analyst believes the crypto asset is going through…

Aave Companies rebrands to Avara, acquires Ethereum self-custody ‘Family Wallet’

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Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem. Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liquidity protocol Aave, the GHO stablecoin, Lens Protocol and Sonar, necessitated an umbrella brand with broader Web3 appeal. “We will continue to innovate in DeFi and build tools for developers while creating new, intuitive and compelling products that attract mainstream people” Kulechov adds that the broader industry…

Animoca Brands and AWS Unite to Propel Web3 Development

The program’s primary objective is to support aspiring builders by guiding them through the entire life cycle of a Web3 startup. Animoca Brands Corporation Ltd announced earlier today that it has formed a strategic partnership with Amazon Web Services (AWS), and Polygon Labs to support Web3 builders worldwide via the launch of the MoonRealm Express Accelerator. We’re pleased to introduce MoonRealm Express Accelerator, a collaboration with Amazon Web Services (@awscloud and @awsstartups) & @0xPolygonLabs to support global #Web3 builders and the development of Web3 products & solutions through our flagship…

Is It Time For MATIC Price To Reach $2?

It’s been a relatively quiet period of price action for Polygon (MATIC) in the past few weeks. On this day last month, MATIC was trading around its October bottom of $0.5154 before the inflows into the crypto market.  Although the cryptocurrency has performed reasonably well and has increased by 82% since then, its rise has mostly been overshadowed by inflows into Bitcoin and alternative cryptocurrencies such as Solana, which has seen an 188% increase in the same period. After briefly falling below $0.9 many times this week due to consolidations,…

Tether to become a Bitcoin miner with a $500m investment in 2024

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Tether Holdings ventures into Bitcoin mining, investing $500 million to establish operations in Uruguay, Paraguay and El Salvador. USDT stablecoin provider Tether is venturing into Bitcoin mining, aiming to position itself as a major crypto-miner in this highly competitive field. The company will invest approximately $500 million in the next half-year, revealed Paolo Ardoino, the soon-to-be CEO. This ambitious move includes the construction of new mining facilities and acquiring stakes in existing companies. Recently, Tether extended a $610 million credit line to Northern Data AG, a Frankfurt-based Bitcoin mining firm,…

How On-chain Analytics Bring Transparency to Blockchain and Cryptocurrency Transactions

As managers investing on behalf of clients, we are constantly monitoring on-chain analytics to ensure we are making informed decisions. You can gather a lot of useful, actionable information with on-chain analytics. For example, you can look at unique wallet addresses. If this is growing rapidly it could mean that adoption of the project is picking up. You could also look at wallet activity if there are a lot of transactions, addresses sending crypto back and forth, it could indicate that the project has a meaningful user base and it…

Franklin Bitcoin ETF yet to see indication of delay order

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According to Bloomberg analyst James Seyffart, who covers ETFs and the broader industry, no indication of a delay order for the Franklin Bitcoin ETF filing is evident. The deadline for an answer is tomorrow, Nov. 17, the same as Hashdex, according to the Nov. 16 post on X. Adding suspense In a separate post made on Nov. 14, Seyffart shares that there is a pretty good chance the crypto community will delay orders from the SEC, stating that even if this is the case, it would not change anything about…