Tag Archives: social

Founded in 1955, VanEck is among the world’s largest investment management firms. Its European branch, VanEck Europe, announced today the official release of an ETN, physically-backed by Bitcoin.The statement came from the company’s digital asset director – Gabor Gurbacs. He noted that releasing such a service has been a “top priority for VanEck.”The ETN will be listed on the Frankfurt-based exchange Xetra. Its price performance will reflect the MVIS CryptoCompare Bitcoin VWAP Close index,...

Although he remains bullish on Bitcoin for the long run, the self-proclaimed Bitcoin Televangelist Brian Kelly pointed out several reasons why BTC could be heading for a price correction.While speaking on CNBC’s Fast Money, Kelly warned investors that Bitcoin could just as easily drop to $12,000 before seeing new highs.FOMO In The Crypto Market?Bitcoin and the entire cryptocurrency market has enjoyed the past few months. BTC almost doubled its value since early October and is currently...

President-elect Joe Biden has picked the former US Federal Reserve Chair Janet L. Yellen as the next Treasury secretary.The cryptocurrency community has shown skepticism regarding the potential effects on Bitcoin, as Yellen has historically displayed negativism on BTC.Biden Nominates Yellen For Treasury SecretaryAs firstly reported by The Wall Street Journal, the US president-elect Joe Biden has decided to nominate the former Fed Chairwoman Janet Yellen as the next Treasury secretary.Although...

Bitcoin price just surged past the $19,000 mark and is looking to retake the previous all-time high of $20,000. This spike in volatility has caused all BTC markets to experience some serious trading traffic – especially the bitcoin futures market. And how? Well, open interest in the Binance futures market just topped $1.2 billion.Binance Bitcoin Futures Market Register Record Open Interest And Daily VolumesAccording to the crypto market and on-chain analysis firm Glassnode, the bitcoin...

Stellar, the popular blockchain project enabling cross-border transactions between various currency pairs, announced a significant protocol upgrade yesterday. Apart from providing new features, the native cryptocurrency XLM has reacted with a massive price boost a day later.Protocol 15 Upgrade On The Stellar BlockchainThe Stellar network connects banks, payment systems, and customers to facilitate low-cost, cross-asset transfers of value through its blockchain. Stellar was unable to proceed...

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

Less than two months after its latest network upgrade, Ethereum Classic plans to undergo another one on November 29th. Dubbed Thanos, the new hard fork will enhance security while maintaining its compatibility with Ethereum.Thanos Is An Inevitable ETC Network UpgradeThe Ethereum Classic team would like to quickly forget the summer of 2020. In the span of one month, the network was subject to three separate 51% attacks.The Ethereum Classic Core developer team and Ethereum Classic Labs decided...

Bitcoin has become an even more attractive investment instrument in the past few months as its price has grown substantially. The number of BTC hodlers with at least 1,000 coins has surged to new highs, according to new data.Bitcoin HODLers On The RiseBitcoin has been on a tear since early October resulting in several consecutive yearly highs. The latest one took BTC to nearly $19,000. Meaning, that the cryptocurrency has almost doubled its value in less than two months.Typically, such...

Bitcoin’s volatility continued over the weekend with a few $1,000 moves taking it from a high of $18,800 to $17,700 and back. The altcoins, however, have kept their recent momentum going and have reduced BTC’s dominance over the market to about 63%.Bitcoin’s Volatile WeekendThe primary cryptocurrency displayed increased signs of volatility during the weekend. It started with charting a fresh yearly high on Saturday at nearly $19,000.After coming just inches away from breaking the 2017...

After heading the U.S. Securities and Exchange Commission for the past three and a half years, Jay Clayton has decided to end his term early. As the SEC’s mission is to protect investors and ensure fair and efficient financial markets, it’s worth exploring how has the Commission impacted the cryptocurrency field during his tenure.The SEC’s Jay Clayton Steps Down EarlyBorn in 1966, Joseph “Jay” Clayton is an attorney who became the Chairman of the Securities and Exchange Commission in May...