Tag Archives: social

The United States Securities and Exchange Commission (SEC) has postponed its decision regarding the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust applications. SEC Extends Approval Date to Feb 2021 The regulatory body has issued two new extension dates for both applications to determine whether to approve, reject, or “institute proceedings to determine whether to disapprove” them. “The Commission finds that it is appropriate to designate a longer period within which...

Polkadot has announced the launch of the first parachains, a set of individual blockchains that will run in parallel within its ecosystem, the project noted in a press release shared with CryptoPotato on Saturday. Polkadot’s First Batch of Parachains According to the official announcement, slots for the first parachains are allocated to different blockchain projects built on the Polkadot network and focused on various niches. These include decentralized finance (DeFi),...

Bitcoin’s adverse price movements continued in the past 24 hours, and the asset fell to a two-week low of $45,500. Most altcoins also suffered, with the apparent exception of Avalanche, which has soared by nearly 10% on a daily scale. Bitcoin’s 14-Day Low It was just two days ago when the US Federal Reserve said it will leave the interest rates unchanged, which caused a substantial price surge for bitcoin. The cryptocurrency traded at $46,500 and skyrocketed to $49,500 in...

The multinational e-commerce company – Shopify – enabled its users to mint and trade non-fungible tokens on its platform. To provide this opportunity, the firm partnered with GigLabs – an organization that specializes in offering tools to operate with NFTs. Shopify Enters The NFT Universe Tobias Lütke – Chief Executive Officer at the company – revealed the new service on his Twitter account. Use Shopify for your NFT dropshttps://t.co/sZwjLZetoU — tobi.eth (@tobi) December...

In an official announcement, the company noted that it has confidentially submitted a Form S-1 with the United States Securities and Exchange Commission (SEC). Reddit Commences Plans to go Public Reddit did not disclose any further information about the proceedings but stated that it had started the paperwork with the SEC regarding its intended IPO next year. The company noted that it has refrained from sharing more details about its public offering due to regulatory...

Bitcoin is soaring against the Turkish Lira – but not due to increased demand. Rather, low-interest rates are causing the nation’s currency to rapidly decline, lowering its value against Bitcoin, dollars, and other currencies/ assets. The Turkish Lira Tumbles As reported by Reuters, the Lira dropped by another 5.6% against the dollar on Thursday. This followed a 100 basis point policy rate cut from the nation’s central bank on the same day. Since September, the currency has...

Another seven days have passed and, unfortunately, they weren’t any better than the week before. Traditional and cryptocurrency markets are tumbling, despite the US Federal Reserve leaving rates unchanged and increasing the country’s debt ceiling by $2.5 trillion. Bitcoin was headed well into the green last weekend when the price surpassed $50,000 on Sunday. This gave the community some relief and also brought hope that it’s time for a recovery rally. Bears had a mind of...

Impersonation scams are a growing threat in the cryptocurrency community, and a large number of victims continue to fall for them. The latest such example involved MicroStrategy’s CEO, and someone sent two BTC to a fake giveaway address using his name. In giveaway scams, bad actors typically impersonate a well-known figure and promote deceiving campaigns offering to double all bitcoins sent to their addresses. It goes without saying, those who fall for the fraud never receive...

Sam Bankman-Fried – Chief Executive Officer of the cryptocurrency exchange FTX – believes billionaires like him should get taxed at a higher percentage rate. The crypto boss admitted he plans to donate “almost everything” that he earns in his lifetime to charity causes. Taxing The Rich Sounds Fair Earlier this year, the US government contemplated imposing a new tax rule. A move that sounds good on paper for some – cure the shuttered economy and bring fresh funds into the...

Wells Fargo – a leading American financial services organization – and HSBC Bank – a major British monetary institution – will employ a blockchain-based product to settle matched foreign exchange (Forex) transactions. Through the partnership, the two entities will use a shared ledger to process operations with US dollars, Canadian dollars, British pounds, and Euros. There are also plans to extend to additional currencies in the near future. Blockchain in Forex Transactions...