Bitcoin’s (Con)Tango
The success of the first U.S. Bitcoin futures ETF presents a challenge to investors when futures trade too far ahead of actual prices.
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Sotheby’s first metaverse auction sees 1,500 bids, sets NFT records
Sotheby’s ended its Natively Digital 1.2 auction event with 1,500 bids on Tuesday, with a total turnover of US$18.6 million after nine days of live bidding. Three non-fungible tokens (NFTs) reached record bids, including #8817 Ape by Bored Ape Yacht Club, Rare Pepe PEPENOPOULOS, and Self Portrait #1 by Dmitri Cherniak, according to a press…
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Spark Pool allows balance withdrawal as it phases out all domestic, international users
Mining pool Spark Pool, which was once a major Ethereum mining pool, says its users may withdraw existing balances, but beginning Nov. 1 it will no longer offer other services related to mining for both domestic and international users, the company said in a statement. Fast facts Spark Pool last month reacted swiftly to China’s…
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India’s long-awaited crypto regulation coming in February, finance ministry officials say
Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic.
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Tesla’s trillion-dollar triumph — and its bond with Bitcoin
Top blockchain and crypto news: Is Tesla’s turbocharge a boost for Bitcoin? Mastercard’s Bakkt with a new crypto deal. Chinese NFTs on knife-edge.
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Robinhood posts 78% decline in Q3 crypto profits
Fee-free trading platform Robinhood’s crypto revenue declined 78% in the third quarter this year, earning only US$51 million during that time according to the company’s Q3 report released Tuesday. This is compared to the US$233 million the company earned in the previous quarter in which the market hit the height of the bull run, from…
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Dog off the leash: Shiba Inu price breaks all-time high for 3rd time in 4 days
Shiba Inu (SHIB) has soared to another all-time high, setting its new record at US$0.00005486 today, according to CoinMarketCap data. It is now the 11th largest cryptocurrency with a market cap of US$21.5 billion. Fast facts In the last 24 hours, SHIB’s price has surged over 32%. SHIB’s price has been surging since the weekend…
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Ripple launches first RippleNet ODL with Pyypl in the Middle East
San Francisco-based blockchain payments company Ripple has partnered with Pyypl, a blockchain-based financial services technology company in the Middle East and Africa, to use XRP for cross-border payments in the Middle East, according to a company statement. Fast facts The partnership with Pyypl marks RippleNet’s first-ever On-Demand Liquidity (ODL) deployment in the Middle East and…
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What will Ethereum prices be as 2021 ends?
As Ethereum surges to a new all-time high, 50 fintech experts surveyed by Finder offer predictions on ETH’s year-end and longer-term price outlook.