Key Takeaways Chainlink continues trending upward, making a new record high of $44.30 recently. Likewise, Band Protocol broke out of a seven-month-long bullish continuation pattern to hit a new all-time high of $23.30. Further buying pressure could push these cryptocurrencies even higher regardless of the recent gains. Share this article Chainlink and Band Protocol have recently made new all-time highs. Though some investors may take advantage of the rising price action to book profits, these cryptocurrencies show no signs of slowing. Chainlink Looks Unstoppable Chainlink made headlines after releasing a…
Day: April 15, 2021
Stateless Money Launches Index Token for Polkadot
Key Takeaways Polkadot Index Network Token (PINT) will give holders exposure to the top projects in the Polkadot ecosystem. PINT will be developed by Stateless Money, a Polkadot staking service provider, in collaboration ChainSafe. PINT’s overall development will be overseen by a governing council that consists of Polychain Capital, Hypersphere Ventures, HashKey Capital, Acala, and Stateless. Share this article Stateless Money, a staking service that manages $150 million worth of assets, announced it would launch an index token for Polkadot. Index Investing Comes to Polkadot Polkadot is a fast-growing interoperable…
BlackRock CEO “Fascinated” by Bitcoin, Watching Closely
Key Takeaways The chief executive officer of BlackRock said that he is not seeing significant institutional inflows or interest in cryptocurrency. BlackRock’s Larry Fink says cryptocurrency has the potential to evolve into a “great asset class.” Goldman Sach’s CEO expressed similar sentiments in an earnings call yesterday. Share this article The CEO of BlackRock, a firm with $8.6 trillion in assets under management (AUM), told the media the “cryptocurrency might become a great asset class.” However, there is “little” interest among institutional investors at the moment. BlackRock’s Bitcoin Outlook The…
Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency
Despite the successful rollout of Coinbase’s stock on Wednesday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto. In an interview with CNBC’s Squawk Box on Thursday, Fink said he was “encouraged by how many people were focusing” on crypto and the narrative surrounding it, but he seemed to imply his views were largely unchanged in the wake of a major cryptocurrency exchange going public. “[Crypto] may become a great asset class, and I do believe this could become a great asset class,” said Fink. “I…
A cure for copyright ills? NFTs promise to empower creative economies
If you’ve had anything to do with digital arts, digital assets, or both, in the last few months, it has been virtually impossible to escape the barrage of news about how nonfungible tokens, or NFTs, are changing the game for creative industries. From Kings of Leon dropping their new album as an NFT to digital artist Beeple closing a Christie’s auction with an eye-popping price tag on a piece of his work, the trend has been unfolding at a staggering pace. Many believe that NFTs are not merely a flashy…
France’s 3rd Largest Bank Launches Tokenized Debt on Tezos
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3 reasons Dogecoin is up 123% this week, hitting $0.10 for the first time
The price of Dogecoin (DOGE) has rallied by more than 123% this week, hitting a new all-time high of $0.13 on strong technical momentum. DOGE/USDT 4-hour price chart (Binance). Source: TradingView.com It has been competing against Chainlink’s LINK for the top-10 spot, with both cryptocurrencies hovering at around $17 billion in market capitalization. There are three major reasons why DOGE saw a steep climb over the past seven days. These include Elon Musk’s tweets, the resurgence of altcoins and the positive sentiment around crypto in general. Altcoin market rallies strongly…
Switzerland’s largest insurer AXA starts accepting Bitcoin as payment
Europe’s second-largest insurance firm, AXA, has become Switzerland’s first all-line insurer to offer its customers the option to pay their bills with Bitcoin (BTC), facilitated through a collaboration with the established cryptocurrency broker Bitcoin Suisse. Bitcoin payments will be accepted for nearly all AXA products, except for life insurance due to regulatory barriers to the latter. AXA has cited the accelerated digital transformation of the global economy during the coronavirus pandemic as being a key factor in its choice to integrate cryptocurrency into its everyday operations. However, even back in…
NFTs Are the “Gateway Drug to Crypto,” Says CoinGecko
Key Takeaways According to Bloomberg, NFTs have become one of the main factors influencing the adoption of cryptos. Search volumes for NFTs as well as trading volumes skyrocketed to record highs in Q1 2021. The same popularity rise could extend over the rest of the year, even though inflation fears may spell trouble for the financial markets as well as crypto. Share this article A new report from CoinGecko suggests that the popularity of NFTs during Q1 2021 has been a key driver in raising awareness for the broader crypto…
New ‘inverse’ Bitcoin ETF now lets investors short BTC price
Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash. In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday. Horizons: Bitcoin has “polarizing views” Already a pioneer in the regulated institutional investment space for Bitcoin, Canada has now given the go-ahead for the first such fund dedicated to Bitcoin price losses, not gains. Dubbed the BetaPro Inverse Bitcoin ETF (BITI),…