Tag Archives: social

Meta – formerly Facebook – said they will be expanding crypto ad eligibility on their platform, by increasing the number of regulatory licenses they accept. Formerly limited to 3, the company now accepts 27 licenses, which are publicly viewable on their policy page. Crypto Ads to Flood Facebook Meta announced their ad expansion on their website earlier today. This is apparently a response to increased regulation of crypto over the years, which has increased clarity of...

Bitcoin’s closing price for November below $60,000 meant that PlanB’s floor model, which was particularly accurate until now, was finally broken. At the same time, though, the analyst confirmed that the more popular stock-to-flow model was still valid as BTC is on track towards $100,000. PlanB’s Floor Model Fails PlanB is among the most popular analysts in the cryptocurrency space, predominantly known for the Bitcoin stock-to-flow model, which he published in early 2019....

November was a month full of ups and downs. The total cryptocurrency market capitalization remained flat at around $2.65 trillion, but Bitcoin’s price is down a little more than 6% throughout the same period. This means that altcoins stepped up, which can also be confirmed by the declining BTC dominance. Bitcoin’s share relative to that of the entire market is down about 3% in a month. With this in mind, we’ve decided to take a look at the top 10 best-performing...

David Marcus – the person in charge of Meta’s cryptocurrency and fintech unit Novi – revealed he will leave the firm at the end of the ongoing year. His successor will be Stephane Kasriel – the former CEO of Upwork, who has worked at Meta since August 2020. Changes on The Top The American entrepreneur David Marcus, who has been Meta’s cryptocurrency boss for the past several years, announced the news on his Twitter account. He justified his decision with the fact that his...

In a CNBC interview over the week, a major hedge fund manager predicted that “massive inflation” will lead the Fed to hike interest rates six times by 2024. Crypto traders are keeping a close watch on the macro-financial environment as they wrap up another volatile month. Federated Hermes has over $600 billion in assets under management. Phil Orlando, the investment firm’s chief equity strategist, has been a long-time stock market bull but expects the big changes at the...

Digital Currency Group (DCG) is moving to Connecticut, and with this relocation, the company aims to generate over 300 jobs over the next five years. Barry Silbert cited the proximity to major metropolitan areas, infrastructure, talent, business-friendly environment, and facilities as the reasons behind the move. Cryptocurrency behemoth Digital Currency Group (DCG) announced relocating to Stamford, Connecticut, from its New York headquarters. Founded by Barry Silbert in 2015,...

Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to be listed on the New York Stock Exchange (NYSE). NYSE Might Have a New Participant According to a November 30 press release, the entity will go...

MonoX, a decentralized finance project providing single token pools, has become the latest hack victim, in which early estimations show that the perpetrators managed to take more than $30 million in various cryptocurrencies. The protocol took it to Twitter to confirm the breach, explaining that a “method in the swap contract was exploited and boosted MONO token price to sky-high.” The attackers used the coin to purchase several other digital assets. According to some...

Grayscale Investments, the digital asset manager with over $50B in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust. The company’s press release, dated November 30th, explained that the new Trust will “solely and passively” invest in SOL – the native cryptocurrency of the popular blockchain project, Solana. The product is already available for daily subscriptions by eligible individual and institutional accredited investors. The Grayscale...

The digital asset exchange – CryptoCom – has partnered with Silvergate to enable USD deposits and withdrawals to the bank’s institutional customers. The Collaboration with Silvergate According to a press release seen by CryptoPotato, the feature is an additional on/off-ramp solution on the CryptoCom Exchange. Via Silvergate – a leading US bank – institutional clients can now transfer American dollars from their bank accounts to the trading venue and vice versa. The...