If we want to democratize finance, we need to start with practical initiatives. As women in the industry, what can we do to expand our reach to end-users or entrepreneurs who would be the last to embrace this technology? How can we improve our search for talent to cover universities and geographies that we wouldn’t normally look to? Comparatively, there are relatively few women and people of color in the C-suite of blockchain companies or inside institutions leading their blockchain Read more …
Though Lily Knight may not yet be old enough to spell “cryptocurrency,” she’s already taking people to school when it comes to Bitcoin. In a prerecorded video message — because it was past her bedtime — for virtual attendees at the Women of the Future crypto and blockchain conference on Monday, Lily offered some innocent enthusiasm for Bitcoin (BTC) to kick off International Women’s Day. The three-year-old, touted as the “world’s leading cryptocurrency expert in the toddler space,” was the Read more …
According to DappRadar, the unique active wallet count on the Ethereum DeFi market has seen a significant drop. Between mid-February and the time of writing, unique active wallets on Ethereum DeFi have dipped almost 40%. While Ethereum (ETH) gas fees seem to have bottomed out, the high transaction costs that have characterized the network over the past few weeks appear to have resulted in a marked effect on DeFi user statistics. Source: DappRadar.com Major DeFi protocols like Synthetix and Curve Read more …
On March 3, a group of anonymous art enthusiasts decided to burn an original Banksy screenprint worth roughly £70,000 or around $95,000 USD, and then turned it into a non-fungible token (NFT) asset. The art now exists as an NFT and was auctioned for 228.69 ethereum or $394k using today’s ether exchange rates. However, not everyone was impressed by the NFT transformation, as the cofounder of myartbroker.com says the NFT sale raises the idea that “the only morons in this Read more …
Bitcoin’s (BTC) price has been consolidating in the previous weeks as the sentiment and momentum have slowed to a crawl. That’s very natural, as it’s also impossible to throw a six every time. Therefore, consolidation and correction are necessary for the market to recharge before resuming the uptrend. Several reasons were given for such a corrective move in the previous weeks, the primary ones being whales selling in addition to macroeconomic factors, particularly the surge in Treasury yields. However, Bitcoin’s Read more …
A fully regulated brokerage with more than 100,000 users globally has introduced a novel way of welcoming new customers to its platform. Quantfury says users who invite their friends to join the platform will receive stock or cryptocurrency as a reward — with a value of anywhere between $10 and $250 — and their friends will receive the same. According to the company, this could deliver some interesting opportunities that a user may not have contemplated before… such as owning Read more …
New York Digital Investment Group announced the completion of a $200-million growth capital funding round for business initiatives relating to Bitcoin (BTC). The funding round was led by NYDIG strategic partners Morgan Stanley, Stone Ridge Holdings Group, Soros Fund Management and MassMutual, among others. NYDIG, a provider of Bitcoin-related technology and investment services, will work alongside its strategic partners in applying Bitcoin-focused solutions to the insurance, banking and clean energy industries. NYDIG’s co-founder and CEO, Robert Gutmann, said: “The firms participating Read more …
American banking giant Goldman Sachs has officially confirmed its plans to revive a cryptocurrency trading desk amid the increasing demand from investors. Matt McDermott, global head of digital assets for Goldman Sachs global markets division, announced that the company will provide access to CME Bitcoin (BTC) futures on their upcoming crypto platform. In a Friday Exchanges at Goldman Sachs podcast, the exec also noted that Goldman Sachs will offer crypto services with non-deliverable forwards, or NDFs, which stand for cash-settled, Read more …
The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again while the U.S. Dollar Index (DXY) is at the highest levels in over three months. The global stock market, including equities in the U.S. and Asia, have pulled back in tandem as the Senate’s stimulus approval sparked inflation fears. BTC (orange) vs. DXY (green) vs. Treasury yield (blue). Source: Tradingview Why is Bitcoin dropping off of inflation fears Read more …
A 44-page report commissioned by CPA Australia delves into the status of Central Bank Digital Currency development worldwide, while exploring viable blockchain candidates for hosting CBDCs in the coming years. The report offers up evaluations of the three most transacted cryptocurrencies in Bitcoin (BTC), Ethereum (ETH) and XRP (XRP), and analyses their suitability (or lack thereof) for use by central banks. Bitcoin’s decentralized network and lack of oversight by banks or governments makes it generally unsuitable for use in a Read more …
An early morning sell-off in the Bitcoin market hinted at calming down after more corporates revealed their investments into the cryptocurrency. Meitu, renowned globally for its photo editing app, incorporated $17.9 million worth of Bitcoin and $22.1 million worth of Ether (the native cryptocurrency of the second-largest blockchain project, Ethereum) into its balance sheet. In a press release published Sunday, the Chinese firm said it sees the two cryptocurrencies as viable diversifications to cash, reiterating the popular store-of-value narrative that Read more …
Bitcoin (BTC) exchange-traded funds (ETFs) continue to multiply as a new entrant hits the Canadian market on March 9. In a press release on Monday, Galaxy Digital Capital Management, a subsidiary of financial services and investment management company Galaxy Digital, confirmed that the CI Galaxy Bitcoin ETF would likely start trading this week. Purpose ETF gets major competitor The launch will see Galaxy join the TSX Purpose Bitcoin ETF as one of the pioneering ETF products in North America, with Read more …