BTC Chart

27

Oct

Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume

The report also found that one-tenth of all Bitcoin miners control 90% of network hash rate. Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s (BTC) on-chain volume. According to a study published by the National Bureau of Economic Research (NBER) on Thursday, 11,043 on-chain entities represent 55% of the volume on the […]

etf

27

Oct

South Korean pension fund to invest in Bitcoin ETF: Report

KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said. South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF). KTCU, one of the largest institutional investors in South Korea, is considering investing[…]

crypto

27

Oct

US regulators are exploring policy for banks to handle crypto, says FDIC chair

“Establishing clear regulatory expectations will be paramount to give this market an opportunity to grow and mature in a responsible manner,” said Jelena McWilliams. Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation, or FDIC, has said the agency is working with other regulators in the United States to explore “under what circumstances banks can engage[…]

etf

26

Oct

Why now? SEC took eight years to authorize a Bitcoin ETF in the US

The SEC has been holding steady for years, but the real-world dynamics of crypto adoption and maturation rendered an ETF approval all but inevitable. Eight years in the making, the United States Securities and Exchange Commission’s (SEC) silent approval of a Bitcoin (BTC) exchange-traded fund (ETF) last week elicited a wave of exuberance in the crypto space[…]

usd/btc

26

Oct

Anyone who studies Bitcoin ends up investing in it, says Scaramucci

Understanding Bitcoin inevitably leads to growing adoption, according to SkyBridge Capital CEO Anthony Scaramucci. Investors who study Bitcoin (BTC) carefully are eventually convinced to own a stake in the cryptocurrency, according to SkyBridge Capital CEO and founder Anthony Scaramucci. In a Monday interview with CNBC’s Capital Connection, Scaramucci — who also served a 10-day stint as President Donald Trump’s[…]

elon

26

Oct

Tesla hints it may soon resume support for crypto payments

Tesla believes cryptocurrencies could emerge as a “liquid alternative to cash” over the longer term. Tesla, the major electric vehicle manufacturer headed by Elon Musk, has hinted that it may soon look to restore support for crypto payments. In a September quarterly filing with the U.S. Securities and Exchanges Commission (SEC), the firm stated it “may in the future[…]

crypto

25

Oct

Finding stability amid crypto market volatility

Volatility in the crypto markets is here to stay. Thus, understanding the utility, necessity and long-term viability of projects is crucial. In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800[…]

NFTs

24

Oct

Would you like fries with that? Fast-food chains are serving up NFTs

Fast-food restaurants across the globe are jumping on the NFT bandwagon with their own digital tokens. The past few months have seen an explosive uptake of nonfungible tokens (NFT) as crypto artists, gaming enthusiasts, musicians, celebrities and now fast food chains deploy the technology in various ways. Fast food giants such as McDonald’s, Burger King and Taco[…]

usd/btc

24

Oct

Traders weight ‘sell the news’ potential after Bitcoin ETF launch

The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first[…]

hack

24

Oct

CoinMarketCap hack reportedly leaks 3.1 million user email addresses

3.1 million email addresses linked to CoinMarketCap accounts were reportedly being traded on hacking forums, according to Have I Been Pwned. CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly fallen victim to a hack that leaked 3.1 million (3,117,548) user email addresses.  The information came into light after the hacked email addresses were found to be traded[…]