MLM Network Zone

As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect. from Cointelegraph.com News https://ift.tt/3xgxGwT via IFTTT

South African Reserve Bank (SARB) governor, Lesetja Kganyago, has once again confirmed that the central bank is presently studying the feasibility of issuing a digital currency. In his remarks at the SARB’s annual general meeting, governor Kganyago suggested his organization has embarked on this study to keep abreast with the growing trend of central banks that are studying CBDCs. Retail CBDC In the past few years, several central banks including a few in Africa have similarly announced their CBDC studies. Already, the central banks of Ghana and Nigeria have both revealed they will start piloting their respective digital currencies in the second half of 2021. However, as the recent Mybroadband report quotes Kganyago explaining, the SARB’s e-rand study will also seek to understand the feasibility of issuing the CBDC for retail purposes. Kganyago explained: The objective of the study is to investigate if it would be feasible, appropriate and desirable for the SARB to issue a CBD...

Recent events mean that a Q4 "blow-off top" is now back on the menu as BTC price recovery clings to its 23% weekly gains. from Cointelegraph.com News https://ift.tt/3j6VGxA via IFTTT

Two hands-on hardware wallet developers discuss bitcoin custody and its technicalities bit.ly/3f7o14k http://dlvr.it/S4nWr2

Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head Around Not Issuing CBDC With other nations, most notably China , moving forward with their own digital currency projects, Lael Brainard, member of the U.S. Federal Reserve Board of Governors, has highlighted the urgency around the development of a digital dollar. Speaking to the Aspen Institute Economic Strategy Group on Friday, Brainard stated: The dollar is very dominant in international payments, and if you have the other major jurisdictions in the world with a digital currency, a CBDC offering, and the U.S. doesn’t have one, I just, I can’t wrap my head around that. “That just doesn’t sound like a sustainable future to me,” Lael Braina...

The opportunity in Bitcoin mining has never looked better, and the U.S. has the infrastructure to take the chance. from Cointelegraph.com News https://ift.tt/2Vk8tEz via IFTTT

Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day. Bitcoin Climbs Over 20% This Week The price of bitcoin (BTC) and a number of other digital assets have climbed higher in value during the last few days. Five days ago, a massive short squeeze propelled the price of bitcoin higher as it jumped just below the $40K handle from a low of $34,500 per unit. Bybit.com’s Liquidation Data. Similarly, there was also a large derivatives expiry on Friday ending the month of July and at around 8:00 p.m. (EDT) a swathe of short positions were liquidated. During the course of the last day, $284.7 million worth of positions were liquidated according to bybt.com’s Liquidation Data . After 8:00 p.m., the price of bitcoin (BTC) quickly spiked to $42,411 per unit and h...

Bitcoin ATMs may make it easier for the mainstream and unbanked to access crypto, but will security risks hamper adoption? from Cointelegraph.com News https://ift.tt/3j7Vb6n via IFTTT

Daily chart data shows the strength of the current rally as a longstanding resistance level finally shows signs of falling. from Cointelegraph.com News https://ift.tt/3rX2uSB via IFTTT

On Tuesday, the New York Knickerbockers, in partnership with Sweet, launched the NBA team’s first-ever non-fungible token (NFT) collection. The NFTs feature limited edition digitally designed 3D game tickets made specifically for the Atlantic Division basketball team. With less than 24 hours left on the auction, the Knicks’ NFT sale has sold out a number of tickets. 3D NFT Tickets from 5 Classic New York Knicks’ Games A number of NBA teams are getting in on blockchain technology and many American professional basketball teams have engaged in all types of crypto concepts like NFTs and partnerships aimed at elevating cryptocurrency adoption. The NBA has its own Blockchain Advisory Committee and teams like the Portland Trail Blazers , Boston Celtics , and Cleveland Cavaliers have recently stepped into the blockchain fray. This week the New York Knicks launched its first-ever NFT collection as the professional team recently partnered with the NFT marketplace Sweet to auction the col...

As the decentralized space is growing at lightning speed, projects need to adapt to the multichain future or risk becoming irrelevant. from Cointelegraph.com News https://ift.tt/3zUq0SW via IFTTT

On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). Wealthfront Connects Customers to Two Grayscale Trusts This week Wealthfront has added two Grayscale crypto trusts to the firm’s menu of investments. Wealthfront is an automated investment operation sometimes referred to as a robo-advisor that offers wealth management services. The company was co-founded in 2008 by Andy Rachleff and Dan Carroll and as of 2020, Wealthfront had $15.85 billion assets under management (AUM). The announcement on Wednesday notes that Wealthfront customers can now gain exposure to crypto assets via the platform’s Grayscale bitcoin and ethereum trusts. The news follows the firm’s decision...

Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in funding. Bank of America, FTX, and Coinbase Invest in Paxos Two leading cryptocurrency exchanges and the second-biggest U.S. bank invested in Paxos, a New York-based blockchain infrastructure firm that focuses on offering clearing and tokenization services to other traditional firms. Bank of America, FTX, and Coinbase participated as “strategic investors” in the latest Series D funding round that the company started last April. The interest of Bank of America in the firm is not strange. The company included the bank in its Paxos Settlement services, a blockchain platform that allows third parties to settle equity transactions. But for it ...

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing bitcoin as legal tender, were important events that helped to popularize crypto even more. Cryptocurrency Userbase Jumps to 221 Million Worldwide, According to Crypto.com Report Crypto.com’s “Measuring Global Crypto Users” report found that the number of cryptocurrency users more than doubled during the first half of the year. Cryptocurrency adoption went from 106 million in January to 221 million in June, principally powered by the bull market that took bitcoin ( BTC ) to all-time highs during Q1. The report included information from the leading crypto exchanges in the market, including Binance, Bitfin...

ETH might have rallied 35% off its $1,750 low but derivatives data shows pro traders are not so bullish. from Cointelegraph.com News https://ift.tt/37bzPiQ via IFTTT

Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank Governor Says The article titled “Digital Money” was published on the bank’s website on Thursday. In the post, Gabriel Makhlouf discusses the project to issue a digital version of the common European currency. The European Central Bank (ECB) recently launched its “Investigation Phase” and although a final decision is yet to be taken, the governor believes that it is not a question of “if” but rather “how and when” a digital euro will be introduced. Central Bank of Ireland Governor Gabriel Makhlouf. Source: CBI Besides central bank digital currencies ( CBDCs ), Makhlouf devotes attention to the rise of decentralized...

Want to get paid to HODL? Here are five easy ways crypto investors make money without trading. from Cointelegraph.com News https://ift.tt/3rHN1p4 via IFTTT

While non-fungible token (NFT) collectibles have been all the rage, a few projects have been developing the concept of fractionalized NFTs so investors without deep pockets can purchase shares of an expensive collectible. On Thursday, the firm Otis revealed that people can invest in an NFT created by the world-famous Canadian musician and record producer Grimes. The platform allows anyone to purchase a small fraction of the recording artist’s artwork called “Newborn 1 & 3.” Grimes’ Artwork ‘Newborn 1 & 3″ Gets Fractionalized During the last 30 days, statistics from nonfungible.com’s market history show that there was $219 million in NFT sales. Over 48,000 active wallets recorded 214,654 sales which is a steady increase in sales from the start of the month’s 120,150 sales. The website also shows that a Meebits NFT recently sold for 1,000 ETH or $2.1 million and a Cryptopunks NFT character sold for 450 ETH or a touch over $1 million. Unicly offers a dex that allows people...

Traders expect altcoins to move higher now that Bitcoin price finally pierced the $41,000 resistance. from Cointelegraph.com News https://ift.tt/3lfCXTi via IFTTT

At least three executives at the $45 billion firm have participated in a funding round for the blockchain-focused VC group Borderless Capital. from Cointelegraph.com News https://ift.tt/3yhYLRH via IFTTT

Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well. Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet, but Also the Third-Largest BTC Wallet Two days ago, the Reddit account u/Andreifromalberta published research that claims the company Robinhood ( Nasdaq: HOOD ) holds more bitcoin (BTC) than the firm Microstrategy. The Redditor Andrei is the same sleuth that published research four months ago on the notorious dogecoin (DOGE) wallet dubbed “DH5,” which happens to be the largest DOGE wallet tod...

The company indicated that transactions should now be cheaper than utilizing the traditional Polygon-Ethereum bridge. from Cointelegraph.com News https://ift.tt/3ifcHGy via IFTTT

Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order. At the time of writing, the bitcoin stash is worth $78.75 million. Most of the seized coins were accumulated in raids before 2018. The Finnish State Treasury set out guidelines for handling crypto assets that year. It prohibited authorities from storing cryptocurrencies at exchanges, requiring them to keep the coins offline. Pekka Pylkkanen, Finnish Customs’ director of financial management, explained that the authorities want a permanent solution to “safely and reliably” sell cryptocurrencies forfeited to the state coffers in the future. The customs agency described in a statement: The main aim of Finnish Customs is to make sure t...

Robo-advisor giant Wealthfront will now let its 400,000 clients invest up to 10% of their portfolios in bitcoin through GBTC. bit.ly/3f7o14k http://dlvr.it/S4l6FQ

The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin. bit.ly/3f7o14k http://dlvr.it/S4l6CN

Here’s why you need to hold the keys to your own bitcoin and never store large amounts on exchanges. bit.ly/3f7o14k http://dlvr.it/S4kc2S

Inflated valuations for crypto businesses have raised the bar for small investors to participate in the ongoing innovation. from Cointelegraph.com News https://ift.tt/3l8z7Ly via IFTTT

The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan to Facilitate ‘Renminbi Internationalization’ The digital yuan will further promote the process of “internationalization” of the renminbi, Chinese experts believe. This can happen when the Chinese yuan becomes the world’s third-largest currency — in terms of pricing, settlement, and international reserves —current and former officials said Wednesday, quoted by the China Internet Information Center portal. The e-CNY, arguably the most advanced central bank digital currency ( CBDC ), is still being tested primarily in domestic retail payment trials. However, cross-border e-commerce could provide the next use case scenario for the “na...

After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services. from Cointelegraph.com News https://ift.tt/3f8p84T via IFTTT

DeFi brings an opportunity to access the yields unseen in traditional finance, now with the competitive risk levels. from Cointelegraph.com News https://ift.tt/2WvPaIV via IFTTT

The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these comments while addressing guests at the opening ceremony of the Ghana International Trade and Finance Conference (GITFIC) in Accra. The report also quotes Bawumia commending the Ghanaian central bank’s e-cedi project. He said the Ghanaian government is ready to “give it the needed credibility and legal backing for usage.” As previously reported by Bitcoin.com News, the Bank of Ghana (BOG) is one of the first African central banks to announce the start of the pilot phase of its central bank digital currency (CBDC). However, final approval of this CBDC will depend on the outcome of the pilot...

Polyient is launching an NFT marketplace with DeFi features, Ronaldinho has entered the NFT market and Vitalik Buterin has digitally signed an NFT for very little money. from Cointelegraph.com News https://ift.tt/3iclWr9 via IFTTT

Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events. from Cointelegraph.com News https://ift.tt/3fdOBKx via IFTTT

Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator on the Hunt for Unregulated Exchanges The Financial Intelligence Unit (UIF), the Mexican financial regulator, issued an alert about 12 cryptocurrency exchanges that are operating illegally in the country. The names of these companies were not mentioned, and this means these exchanges are still not registered with the SAT, the country’s tax authority. Santiago Nieto Castillo, leader of the UIF, stated they are collecting data to execute actions against these companies. The Mexican fintech law establishes that virtual asset service providers must report the activities of customers tha...

FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology. from Cointelegraph.com News https://ift.tt/3yf8Izs via IFTTT

The global payments platform wants to let British customers trade crypto on its new “super app”. from Cointelegraph.com News https://ift.tt/3fdegmt via IFTTT