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Apple co-founder Steve Wozniak is a believer in both Bitcoin and blockchain technology. In conversation with Yahoo Finance’s Brian Sozzi earlier today, he called the cryptocurrency “mathematical purity”. He then contrasted it with US dollars, which governments can “just borrow and borrow” and aren’t actually “fixed” in supply. Purity and Decentralization The programmer touched on Bitcoin and cryptocurrencies towards the end of his interview about his new YouTube show. The show – “Unicorn Hunters” – features entrepreneurs who pitch their…

The Australian Securities and Investments Commission (ASIC) just released new guidelines on establishing crypto ETPs in the country. Alongside numerous regulatory requirements, the commission is tentatively permitting Bitcoin and Ethereum backed spot ETFs to launch. Incredibly, they are also willing to evaluate other cryptocurrency's suitability as underlying assets for such products. Australia's Approach to Crypto ETFs ASIC revealed its openness to digital asset ETFs in response to the crypto industry earlier today. This was a follow-up to the commission's consultation paper…

People may discuss the short-term volatility of cryptocurrencies all they like. One thing is clear, however: Bitcoin has been booming across a medium to the long-term timeframe. 2021 has been wildly successful. The primary cryptocurrency recently reached an all-time high, and its market cap has since surpassed $1.1 trillion. Before this year, Bitcoin was yet to touch even half of that value. So what changed? As always, there are hardly ever straightforward answers to such questions. Explanations are always somewhat…

Bitcoin has had an eventful year – especially in terms of price. As institutional money pours into the asset, the stakes of its medium to long-term price fluctuations are higher than ever. They are also likely to affect the value of various altcoins including Ethereum and Cardano – as they usually do. Let’s examine what sorts of changes we can expect from Bitcoin’s price in this year’s final quarter. Recap: The Bitcoin Price Throughout 2021 First, we ought to review…

Continue reading Rand Paul: Cryptocurrency Could Reach World Reserve Status

The first US Bitcoin ETF – The ProShares Bitcoin Strategy ETF – may prove itself popular beyond sustainability. The fund is already approaching its limit on futures contracts holdings, as enforced by the Chicago Mercantile Exchange (CME). Bitcoin ETF: Too Popular to Handle? Last week, data from Bloomberg indicated that ProShares' Bitcoin ETF was holding 1900 futures contracts dated for October. This was only 100 short of the 2000 futures contract limit that the CME imposed during an ETF's first…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,546 trillion. Bitcoin is down by nearly 1% despite a historic surge this week. Ethereum is up by nearly 5% after setting a new ATH this week. XRP is down by more than 4% after a disappointing week. Almost all altcoins have registered significant gains this week. The DeFi sector surpassed the $100 billion…

NAYDIG has formed two more partnerships with traditional financial firms to bring them into the digital asset ecosystem. The fintech service provider has partnered with Q2 to allow clients of two major financial companies to purchase bitcoin. The companies include Five Star Bank and UNIFY Financial Credit Union. Banking With Bitcoin According to a press release from BusinessWire, NAYDIG has been integrated into Q2’s digital banking platform. Q2 is a financial experience company providing banks, credit unions, and fintech companies…

Walmart – the largest retailer in the United States – has launched a pilot with Coinstar to allow Bitcoin purchases. The program includes 200 Coinstar kiosks used to exchange U.S. coins for paper bills, gift cards, and BTC. Buy Bitcoin in Walmart As reported by Bloomberg on Thursday, the pilot is part of a larger initiative between Coinstar and Coinme. The latter is the world’s largest cash to crypto exchange with over twenty thousand locations. Per their partnership, Coinstar is…