Cryptocurrency Analysis and News Portal
The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC).On Monday, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds.Despite expanding the number of assets available for investment by
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Do you remember the time when a fleeting mention of Bitcoin, stablecoins or even central bank digital currencies by a top-ranking government official was considered major news all over the cryptoverse? Feels like it’s been forever. As we find ourselves in the midst of digital assets’ global mainstreaming, such statements
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Silk Roads lead to nonfungile tokens Bidding for a 1/1 NFT auction created by imprisoned Silk Road founder Ross Ulbricht has surpassed 261 Ether (ETH), $1.17 million at the time of writing. The NFT depicts a hand-drawn illustration from Ulbricht of a psychedelic eye, and is part of a collection
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Singapore-based fund manager Fintonia Group has launched two institutional-grade Bitcoin (BTC) funds approved by the Monetary Authority of Singapore (MAS).The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional investors, Fintonia announced on Thursday.The
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ConstitutionDAO is therefore shutting down, the post said. It marked an end to the self-described “decentralized autonomous organization’s” Quixotic experiment in fundraising. Refunds of the group’s $50 million war chest will continue in perpetuity; nearly 50% of funds have already been reclaimed. Source
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Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company.In addition to planned “mega funding” for its United States-based business Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao
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The cryptocurrency exchange’s global entity is looking to ameliorate its relationships with governments, CEO Changpeng “CZ” Zhao tells the Financial Times. Nov 23, 2021 at 6:57 a.m. UTCUpdated Nov 23, 2021 at 6:57 a.m. UTCBinance CEO Changpeng Zhao (CryptoX archives) Source
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Institutional investors were unfazed by the recent correction in the cryptocurrency markets, as digital asset funds dedicated to Bitcoin (BTC) and Ether (ETH) continued to grow, according to data from CoinShares. Crypto investment products, which include exchange-traded funds (ETFs), saw weekly inflows totaling $154 million for the week ending Nov. 20,
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Funds focused on bitcoin, the largest cryptocurrency by market capitalization, gained $98 million, up from $95 million the week before and pushing assets under management (AuM) to a record $56 billion, even though bitcoin’s dominance against alternative coins (altcoins) has waned over the week. Source
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CoreWeave, which primarily provides cloud services, applies computing power unused by its cloud clients to mine ether. In total, the company operates over 1,200 GH of ETHash [Ethereum’s mining algorithm] equivalent hashrate, or computing power, making it one of the largest Ethereum miners in North America, according to an emailed
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