Since launching last month, the ProShares Short Bitcoin Strategy ETF (BITI) has eclipsed others in inflows. Bitcoin (BTC) remains a popular institutional investment target in July, but the money is not betting on a bright future. According to data from research firm Arcane Research published July 6, institutional flows focused on products offering exposure to…
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Moving rigs from New York to Texas was part of Riot’s effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.” Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.…
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BTC bulls are holding $20,000, but most traders are confident that the price will remain range-bound for at least six more months. Trading across the cryptocurrency market was relatively subdued on July 5 as the ecosystem continues to digest the fallout from the Three Arrows Capital scandal and Voyager Digital announcing that it has filed…
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Elon Musk’s Boring Company will accept the meme cryptocurrency dogecoin as payment for rides on its Las Vegas transit system Loop. Musk confirmed that he is “supporting Doge whenever possible.” Tesla already accepts the meme crypto for some merchandise and Spacex will soon follow suit. Elon Musk’s Boring Company to Accept Dogecoin Payments The Boring…
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Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russians Buy More Hardware Crypto Wallets, Market Players Say Russian crypto users have…
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Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3. __________ It’s easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme market conditions throughout…
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Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said. Discussing the troubles currently faced by centralized crypto lenders like Celsius (CEL), Voyager Digital, and BlockFi in a recent episode of the Unchained Podcast, Leshner said…
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The central People’s Bank of China (PBoC) could be set to make use of smart contracts in its digital yuan project – an indication that blockchain technology could well end up playing a larger role than expected in the e-CNY’s future…. Read More: Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan Read…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Ethereum’s Step Towards PoS, Bitcoin Mining Difficulty, Binance’s BTC Trading Fee Move + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
“With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle’s chief technology officer. The cryptocurrency market has experienced a turbulent period as of late, with several firms filing for bankruptcy or shutting down. Voyager Digital announced its bankruptcy on Wednesday, becoming the second crypto lender to default following Three…
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