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The NFT craze has reached the NBA, with digital collectibles grossing $230 million in sales, according to Dapper Labs. from Cointelegraph.com News https://ift.tt/3r4vFBQ via IFTTT

Digital currency markets have been bearish in recent days as prices have continued to sink lower. The entire market capitalization of all the crypto assets in existence is down over 8% on Sunday at $1.25 trillion. Bitcoin has plummeted from its all-time high (ATH) of $58,350 last Sunday to today’s low of $43,189 per unit. Bitcoin (BTC) prices have dropped -25.98% since last Sunday and today the crypto asset has touched a new low. At 10:48 in the morning, New York time, BTC prices touched a low of $43,189 per coin. BTC is down over 7% today but is still up 28% during the last 30 days and 122% for the last three months. BTC dominance or the market valuation in comparison to the rest of the crypto economy’s valuations is around 61.23% today. Bitstamp BTC /USD 3-minute interval chart on February 28, 2021. At the time of publication, BTC has been trading hands at prices between $43,600 to just above the $44k handle. The second-largest crypto asset by market valuation is ether...

Small businesses can now accept cryptocurrency payments using OLB’s point-of-sale technology. from Cointelegraph.com News https://ift.tt/2NM4ddC via IFTTT

On Saturday, February 27, 2021, news.Bitcoin.com reported on the great number of 2010 and 2011 block rewards being spent this year. In that report, it was said that the mysterious whale entity we’ve been hunting “did not move a major string of bitcoin’s” since January 25. Following the publishing of that study, on Sunday, the old-school whale miner moved another 20 block rewards from 2010, as 1,000 bitcoins that sat idle for well over a decade were spent. 9,000 Decade-Old Bitcoins Spent Since March 11, 2020 Since mid-March, news.Bitcoin.com has been on the trail for an old-school bitcoin (BTC) miner that has been spending large strings of 2010 block rewards. A block reward is an incentive a bitcoin miner gets for finding a block on the Bitcoin blockchain and before 2012, all rewards were 50 BTC per block. Further, the technical term “spend” or “spent,” simply means the owner moved the coins, but it doesn’t necessarily mean the bitcoins were “sold” to another owner. On Sunday, F...

Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out. from Cointelegraph.com News https://ift.tt/37XHRwK via IFTTT

Did you know that Dogecoin used to sponsor a NASCAR driver? Learn some unbelievable stories behind Elon Musk's "favorite" cryptocurrency. from Cointelegraph.com News https://ift.tt/3aZaMCs via IFTTT

Bitcoin is retesting a key support level at $44K-$45K for the third time in the past week. from Cointelegraph.com News https://ift.tt/2NFA67M via IFTTT

The cryptocurrency trading market is in its early stages, with regulations playing a key role in market fragmentation. from Cointelegraph.com News https://ift.tt/2ZXBy7U via IFTTT

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem from Asia. Asia’s Financial Landscape Is Ripe for Disruption When it comes to cryptocurrencies, Asia accounts for a huge number of crypto users, companies, miners, traders, and more. The cryptocurrency and blockchain researcher from messari.io , Mira Christanto , explains that Asia has a “history of dictators, currency depreciation, [and] capital controls – all ripe for disruption.” This has likely led to Asia being the most active cryptocurrency markets, according to Christanto’s recent findings. Her recently published study called “ Asia’s Crypto Landscape ” covers the “key exchanges, funds, and market makers that...

After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to Bitcoin, Says JPMorgan JPMorgan Chase now sees benefits in adding a small percentage of bitcoin to a multi-asset portfolio. The firm’s global head of research, Joyce Chang, and vice president of strategic research, Amy Ho, wrote in a note to clients Wednesday: In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio. However, the strategists clarified: “Cryptocurrencies are investment vehicles and not funding currencies. So when looking to hedge a macro even...

One of DeFi's strangest experiments continues to push the envelope in both governance and architecture. from Cointelegraph.com News https://ift.tt/3dTtgGc via IFTTT

Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says that central banks won’t allow bitcoin and other cryptocurrencies to become mainstream. “Eventually over the long course of history, the government first regulates and then it appropriates, and I think we can see that happening here,” he warned. Harvard Professor’s Warning About Bitcoin American economist Kenneth Rogoff shared his views on the future of bitcoin, its regulation, and the recent bull run in an interview with CNBC TV18 last week. Rogoff is the Thomas D. Cabot Professor of Public Policy and a professor of economics at Harvard University. He also served as chief economist at the International Monetary Fund (IMF) from 2001–2003. “Zero interest rates can produce a lot of funny asset valuations. So that is certainly part of it,” he responded to a question about the rise in popularity of bitcoin and its recent bull run. “Clearly, there are a lot of wealthy p...

Strong fundamentals and new partnerships back the strong rallies in Morpheus Network, Bridge Mutual and Reef Finance. from Cointelegraph.com News https://ift.tt/3syaYOP via IFTTT

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Hate being liquidated? Here’s how traders use the Long Butterfly options strategy to generate profits with less downside risk. from Cointelegraph.com News https://ift.tt/3dREcEk via IFTTT

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 days. Cryptocompare published its “Digital Asset Management Review” for the month of February on Friday. The report states that the total assets under management (AUM) across all exchange-traded products (ETPs) increased 50% to $43.9 billion from mid-January to Feb. 23. The price of bitcoin was above $50K on Feb. 23. It has since fallen to $46,876 at the time of writing, based on data from markets.Bitcoin.com. The crypto exchange-traded product with the most AUM was Grayscale Bitcoin Trust (GBTC) with $35 billion in assets under management, according to the report. As of Feb. 26, GBTC’s AUM has dropped to $30.72 billion due to the lower BTC p...

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Critics of the digital currency have visions of the future every bit as silly as maximalists'. from Cointelegraph.com News https://ift.tt/3bL3cdN via IFTTT

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These DEX tokens are quietly accruing triple-digit gains as the total value locked in DeFi reaches new highs each week. from Cointelegraph.com News https://ift.tt/3aW3XkZ via IFTTT

On February 25, onchain analysts noticed two 2010 block rewards that were transferred after sitting dormant for over a decade. A lot of old blocks have been spent in 2021, and after the large strings of 2010 block rewards spent on January 3rd and 10th, another massive string of 20 block rewards from 2010 were moved on the 25th. In addition to these old bitcoin moves, block rewards from 2011 have started to wake in great numbers as well. 80 Block Rewards from 2010 Spent This Year, 4,000 Bitcoin Worth $188 Million For a good portion of 2020 and into 2021, news.Bitcoin.com and a small group of onchain researchers have been combing the Bitcoin ( BTC ) network for old-school spends. The technical term “spend” or “spent” simply means the bitcoins moved from one address to another single address or group of addresses. It doesn’t necessarily mean the person has relinquished ownership of the bitcoins, but most of our 2020 and 2021 discoveries look as though they have been sold on exchanges....

Despite the bitcoin price dipping a bit, this week some some incredibly bullish headlines. The post Despite The Bitcoin Price Dip, This Week Was Incredibly Bullish appeared first on Bitcoin Magazine. bit.ly/3f7o14k http://dlvr.it/RtcvVF

Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs. from Cointelegraph.com News https://ift.tt/37SxVEO via IFTTT

Bitcoin is showing signs of weakness as February draws to a close. from Cointelegraph.com News https://ift.tt/3dW8827 via IFTTT

Over the last decade, crypto has weathered what feels like crisis after crisis. It’s time to think about what comes next. from Cointelegraph.com News https://ift.tt/3aWPnd5 via IFTTT

While Wyoming was luring crypto businesses, such as Ripple Labs, New York’s AG was bringing enforcement action against Bitfinex. from Cointelegraph.com News https://ift.tt/3qZsNWU via IFTTT

Another firm is joining the bitcoin trust sector, as the California fund manager Arca has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its Arca Accredited Investor Bitcoin Trust. The trust will compete with a number of competitors including Grayscale’s popular bitcoin investment vehicle GBTC. Arca Files With the US SEC to List Its Accredited Investor Bitcoin Trust The finance manager Arca has filed a Form D registration with the U.S. SEC in order to provide investors with a new bitcoin trust offering. The fund will be called the “Arca Accredited Investor Bitcoin Trust” and it will be taking investments of $25k or more, according to the Arca filing. This is half the value of Grayscale’s GBTC minimum investments set at $50k. Arca has other crypto fund products and the Arca U.S. Treasury Fund. The fund is “a closed-end fund registered under the Investment Company Act of 1940 issuing shares as digital securities that are transferable using blockchai...

In order for DeFi to have access to institutional actors, it will need to adapt. But by adapting, it might lose some of its core tenets. from Cointelegraph.com News https://ift.tt/3bNWiV2 via IFTTT

Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. from Cointelegraph.com News https://ift.tt/3uB8xgr via IFTTT

Investing in digital assets can offer a plethora of opportunities, but when the taxman comes, investors best be prepared. from Cointelegraph.com News https://ift.tt/2ZWzhK4 via IFTTT

In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Investments Allocated Mainly in Bitcoin and Ethereum According to Infobae , the hedge fund “exclusively” targets qualified investors whose minimum investment starts at 100,000 euros ($120,600). However, anyone who would like to join the crypto hedge fund should prove to the firm that they hold assets for 750,000 euros ($904,900). Although Avenue Investment Crypto just launched the product, it was created by the firm in 2019. Huete was appointed as the institutional relations manager amid the commercialization phase of the crypto hedge fund. Within the portfolio offered by the firm, the total exposure of the crypto hedge fund ranges between 40% and 100% of the fund with investments in ethereum (ETH) , bitcoin (BTC) , and other undisclosed cryptos. Still, the fiat serving...

In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust regulatory regime” that addresses their concerns. The Importance of Disruptive Technologies Still, in his address at a Bankers Committee meeting, Osinbajo says “he fully appreciates the position” that has been articulated by the CBN. Since the CBN prohibition went into effect, leaders at both the CBN and the Nigeria Securities and Exchange Commission (SEC) have defended this decision. However, in his speech, the Nigerian Vice President suggests that the country’s regulators must consider embracing emerging and disruptive technologies. Pointing to the past impact of some disruptive innovations, the Vice President said: “As seen in many other sectors, disruption m...

Bitcoin is not a speculative bubble fueled by degenerate gamblers. It’s capital flight from collapsing fiat currencies. The post Why Won’t Bitcoin Die? Because You Need It appeared first on Bitcoin Magazine. bit.ly/3f7o14k http://dlvr.it/RtZyCM

As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam. Bogus Platform Is Set to Be Launched in March, Say Scammers According to a post from the cybercrime unit of the Weifang police force in Shandong Province, a scam named “Central Bank’s International Wallet” is claiming to be a digital yuan wallet platform. The bogus platform seems to have caught almost 500 users as of press time. The scam operators are advertising that the platform will give members the possibility to access a “secret CBDC promotion fund” worth $186 million. It should be noted that the Weifang police is quoting a previous report first published by local media outlet Sina on the matter. Scammers claim that the platform’s users could get profits of around $24,800. Although the wallet is not “live,” scam operators say the platform will be launched...