Cryptocurrency News
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Twitter demonstrated the work of the NFT verification system
Twitter Marketing Head Justin Taylor posted a video demonstrating an interface for working with non-fungible tokens (NFT). The social platform will allow members to use the latter as avatars. The video was recorded by senior Twitter developer Mada Aflak. To install NFT instead of a profile photo,...
Elon Musk urges the US to abandon plans for crypto regulation
Tesla CEO Elon Musk is known as one of the fans of the digital currency Dogecoin (DOGE). Last Tuesday, the businessman spoke at a conference in California and called on the US authorities to abandon the implementation of crypto regulation. It is impossible to destroy this industry, but states can...
The share of profitable Ethereum addresses fell below 90%
The September fall in the value of the largest altcoin, Ether (ETH), led to a sharp and noticeable reduction in the share of profitable addresses. Ether capitalization decreased to $ 344.993 billion. According to the Glassnode platform, the share of profitable Ethereum addresses fell to its lowest...
Switzerland’s Fin. Regulator Approves the First Crypto Fund
On Sept. 29, Switzerland's regulatory Financial Market Supervisory Authority allowed the first Swiss crypto fund, investing essentially in digital assets. The issuer of the product named Crypto Market Index Fund is Crypto Finance, a Zurich-based firm providing crypto services such as asset managing...
Bobby Lee expects all OTC platforms in China to close
The Chinese authorities will continue to put pressure on the crypto sphere; soon, we should expect new prohibitive initiatives from the People's Bank. This point of view is shared by the ex-head of the BTCC exchange Bobby Lee. On CoinDesk TV, he announced that over-the-counter (OTC) platforms are...
More than 60% of institutionals are ready to invest in crypto
Rumors about institutional adoption of crypto have been going on for the past several years. Some experts say that financial institutions are willing to invest in products focused on bitcoin and other coins. However, some skeptics doubt that institutions are interested in innovative tools. For...
Morgan Stanley Has Purchased More GBTC Shares
SEC records as of September 27, disclose that New York-based international investment company Morgan Stanley has expanded its shares of Grayscale BTC Trust by over 105% since April. As mentioned in the papers, at the end of July, the Europe Opportunity Fund, focused on settled firms and startups,...
Institutionals took advantage of the fall in the PRC stock market
Over the past few months, institutional investors have been withdrawing from bitcoin funds and investing in altcoin-focused products. According to CoinShares, financial institutions took advantage of the fall in the Chinese stock market and invested in crypto products at the most comfortable prices...
Drop in the exchange balance of Ether eases pressure on the market
Almost all categories of investors are involved in the accumulation of Ether (ETH). According to Santiment, the whale addresses accumulated over 21% of the total cryptocurrency supply in September. These wallets now control the highest volume of ETH since early May 2017, the researchers emphasized....
Fidelity Analyst Says El Salvador’s BTC Move Is “Overacted”
On September 7, El Salvador became the first country to adopt Bitcoin as a legal tender. While many consider this move as of historical importance, Fidelity Investment analyst Jurrien Timmer disagrees. According to him, El Salvador's BTC adoption is overplayed. Timmer expressed his opinion during...
Scaramucci questioned institutional acceptance of Bitcoin
SkyBridge Capital, founded by Anthony Scaramucci, is one of the largest BTC investors. Scaramucci himself periodically points out the advantages of digital currency over other instruments. However, it is too early to talk about institutional adoption of bitcoin, the businessman mentioned. According...
UNI was the most productive of the top ten altcoins
Over the past day, the best performance from the top ten largest digital currencies was demonstrated by the UniSwap decentralized exchange token. The UNI coin soared in price by more than 36% to $ 24.81. The capitalization of this cryptocurrency on Monday, September 27, reached $ 15.231 billion....
Cardano-Based First Stablecoin Issued by COTI
In terms of the previously held Cardano conference, Charles Hoskinson, the establisher of the platform unveiled a new stablecoin coming to the environment. The stablecoin, named Djed, was created due to the collaboration between Cardano and COTI, which is a blockchain protocol focused on DeFi...
Cryptotrader hamster portfolio outscores Buffett’s Berkshire Hathaway
In three months, the value of the portfolio of Mr.Gox - a crypto trader hamster on the Twitch platform - has increased by 30%. During the same time, the assets of the Warren Buffett fund Berkshire Hathaway fell 2%, and the ARK Innovation ETF from Katy Wood rose about 5%. In June 2021, the...
Deutsche Bank analyst believes BTC has become part of financial system
Bitcoin (BTC) will remain a volatile instrument, but it has already become part of the modern financial system. This point of view is shared by Deutsche Bank analyst Marion Labour. He believes that, in fact, BTC can be called digital gold. Cryptocurrency will exist for centuries its main advantage...
Bukele: A third of Salvadorians are actively using Chivo
After El Salvador became the first state in the world to officially recognize bitcoin as legal tender, discussions of this event only continue to gain momentum. Media, analysts, and financial experts from all over the world are closely monitoring developments in El Salvador and how this innovation...
Number of wallets holding more than 1000 BTC is rising since September
The September fall in the value of bitcoin (BTC) was taken advantage of by large investors, who are often called "whales". As a reminder, last week the price of the leading digital currency fell below $ 40,000. The pullback was triggered by massive sales in the American stock market. The...
Crypto Exchange dydx Surpasses Coinbase by Trading Volume
First time ever, decentralized exchange dydx surpassed Coinbase in trading volume. As data from CoinMarketCap show, in the past 24 hours, the trading volume of dydx has gone up by over 188%, exceeding $6.3 billion. dydx launched its governance token on September 8. Today the cryptocurrency has...
Cryptocurrency came to us in 2009 and became a twofold phenomenon. Many think these assets will bring freedom to the traditional financial system: many suppose they can give opportunities to scammers and fraud. But no matter what, everyone understands that crypto has become a serious game-changer in world economics.
Cryptocurrencies are becoming more and more popular day by day. One of the reasons for that is P2P transactions. People can send money to each other without bank mediation, faster and cheaper.
Nowadays, more than 2000 crypto coins are operating on the market. Because of active tradings with high volumes, the crypto market regularly improves. And when some people rely only on technical analysis of the market, others need to know what happens fundamentally. And here is where Blockchain Today can help.
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