Bitcoin Lending Platform BlockFi Files for Bitcoin ETF

BlockFi– a leading cryptocurrency lending institution– has recently filed for a Bitcoin Futures ETF with the SEC. Their request comes amidst growing excitement that the US could approve a Bitcoin ETF by the end of October. Blockfi’s Bitcoin Strategy ETF BlockFi’s proposed ETF would be listed on the Cboe BZX exchange, according to the company’s filing today. It seeks to purchase cash-settled Bitcoin futures contracts on the CME to accumulate capital. It would also invest in short-term fixed-income securities, alongside…

Tether Fires Back at Bloomberg Following Investigative Piece

Tether Holdings – the issuer of the most popular stablecoin, "Tether"– just responded to a Bloomberg article casting doubt on their operations. While Bloomberg claims that Tether's $69B reserves are nowhere to be found, Tether calls their accusations fake news. Tether's Response to Bloomberg Tether published their response to Bloomberg yesterday, on the same day Bloomberg's accusatory article was released. Tether calls the piece a "one-act play" that cherry-picks old news from "dubious sources" to fit a defamatory narrative. This…

Solidproof Continues to Grow with Crucial Industry Partnerships

Solidproof is one of the fastest emerging audit companies in the crypto sphere. The German company specializes in project auditing, KYC procedures, and high-security data storage. And, its recent industry partnerships show that its premium-quality services are in high demand.  Furthermore, one of Solidproof’s innovative products, the Automated Audit Tool, is receiving increasing attention. The company has just integrated the placeholder for the auto tool. So, now, users can increase the certainty of their smart contracts with automatic project auditing.…

Former Treasury Secretary Compares Stablecoins to Casino Chips

Steve Mnuchin– former Treasury Secretary of the United States– recently discussed stablecoins and FinTech investment opportunities. While he sees potential in blockchain technology and stablecoins, he also says they shouldn’t operate like “casino chips." Stablecoins and Casino Chips Mnuchin aired his thoughts earlier today in an interview with Bloomberg Invest Global. He begins stating that there’s “gigantic opportunity” in “real-time, cross border currencies,” and calls both blockchains and stablecoins “interesting”. [caption id="" align="aligncenter" width="755"] Steve Mnuchin. Source: NBC[/caption] However, he…

Investors Prefer Bitcoin Over Gold, According to JP Morgan

Major multinational investment bank JPMorgan recently revealed its reasons for why Bitcoin is surging this week. Among these are its attractiveness to institutional investors as an inflation hedge that is superior to gold. JP Morgan’s Analysis on BTC Price Growth The investment bank gave their analysis of the crypto’s price in a note shared Thursday, as reported by Markets Insider. They list 3 main reasons Bitcoin broke through key resistance levels this week, reclaiming its trillion-dollar market cap. Inflation Hedging…

Arker Review – Gameplay, Rewards, and Tokenomics

Arker is an online multiplayer role-playing game (RPG) that enables users to earn cryptocurrencies as they play. As the blockchain revolution rages on, the crypto sphere expands to incorporate more markets with exciting applications. Among them is the rapidly emerging sector of blockchain-based online gaming. Contrary to traditional video games, these applications allow users to boost their crypto income by completing quests. Arker: the Legend of Ohm is one of the latest gaming projects to embrace this concept. The game…

DeFi Yield Protocol Announces KyberDMM Partnership and New Contracts

DeFi Yield Protocol (DYP) has teamed up with KyberDMM DEX to increase token liquidity on Avalanche. In a two-month-long campaign, users may earn up to $300,000 in $DYP and $KNC liquidity mining rewards. DYP and KyberDMM for Increased Liquidity KyberDMM (Kyber Dynamic Market Maker) is a cutting-edge, capital-efficient DEX protocol. Its primary goal is to increase liquidity with amplified pools and maximize returns for liquidity providers (LPs) with dynamic fees. The protocol’s main liquidity mining campaign is "Rainmaker," running on…

Mystery Whale Purchases Billions of Dollars in Bitcoin Within Minutes

Before Bitcoin’s dramatic price increase earlier today, an unknown buyer bought $1.6B worth of cryptocurrency in five minutes. That’s more than Elon Musk– one of the world's richest men– spent on Bitcoin in February. Whales Pumping Bitcoin’s Price CryptoQuant CEO Kim Young Ju revealed the massive purchase earlier today, using his company’s on-chain data. According to a chart comparing price and buy volume on all exchanges, buy volume massively spiked early on October 6th. This was naturally coupled by an 8% price…

SEC Chair Gensler Confirms Crypto Will Not Be Banned In The US

In line with Jerome Powell’s comments last week, SEC chairman Gary Gensler confirms he has no plans to ban cryptocurrency. Instead, the SEC’s approach remains strictly on regulating the space and protecting consumers. Regulation: Banning, Says Gensler Gensler clarified his stance during a House hearing today in response to a question from Republican lawmaker Ted Budd. Representative Budd led the charge to amend dubious phrasing on cryptocurrency regulation in last month’s infrastructure bill. He also proposed an anti-crypto-terrorism bill in…

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