Category: Cryptocurrency

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate […]

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The Economist magazine plans to sell its DeFi front cover as an NFT

The Economist magazine plans to sell its DeFi front cover as an NFT

The Economist, the venerable British magazine, has announced a plan to auction off the front cover of its September 18 edition as a non-fungible token (or NFT). The cover — which parodied a scene from Alice in Wonderland by placing Alice and the white rabbit on the verge of a rabbit hole filled with tokens […]

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Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High

Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market Nears All-Time High

After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum […]

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Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out […]

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Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate […]

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Layer by Layer Issue 12: Polkadot, Fantom, Harmony, and Avalanche

Layer by Layer Issue 12: Polkadot, Fantom, Harmony, and Avalanche

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As the crypto markets enter into new all-time highs, DeFi protocols within L1 ecosystems continue to play crucial roles in attracting and retaining […]

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UK crypto firm Copper set to raise up to $500 million

UK crypto firm Copper set to raise up to $500 million

British crypto startup Copper is working on a fundraise of up to $500 million, according to three people familiar with the matter. The investment will value Copper at more than $1 billion, vaulting it to unicorn status — a term reserved for privately-held tech startups with valuations upwards of a billion dollars. It is not […]

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Former regulator Redfearn joins Securitize two months after ditching Coinbase

Former regulator Redfearn joins Securitize two months after ditching Coinbase

Digital assets firm Securitize has announced that Brett Redfearn, former director of the Securities and Exchange Commission’s trading and markets division, has joined the company as a senior strategic advisor and chair of the advisory board. Redfearn, who left the SEC in January 2021, spent five months as Coinbase’s head of capital markets earlier this […]

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Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit

Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit

The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit. Bitcoin Records New All-Time […]

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Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future

Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future

Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even digital assets in the future. Foreign Ministry Official Sees Russia Acquiring […]

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