Crypto ETFs will expand to new asset types, indexes — Grayscale executive

Bitcoin (BTC) trading at $2,800 isn’t scary as long as it happens before May’s block reward halving, Tone Vays believes.In the latest edition of his Trading Bitcoin YouTube series on March 18, the celebrated trader said that as of now, he is eyeing a floor for BTC/USD of $2,000.Vays: I “always anticipated” $2,800 BTCIn his…

An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17.The study dubbed…

Brisk gains encounter resistance at $42,000, but stock markets may be to blame. 1620 Total views 23 Total shares Bitcoin (BTC) bulls kept up the pressure on April 20 as the Wall Street open saw a return to $42,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$42,000 proves troublesomeData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching…

The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants. 3628 Total views 32 Total shares Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card.Danal’s crypto wallet Paycoin and…

China's latest five-year plan mentions blockchain technology specifically and signals an increasing focus on the research of emerging technologies. 3837 Total views 13 Total shares China’s determination to stay ahead of the curve when it comes to the utilization of blockchain technology was evidenced again this week, after the release of the country’s latest five-year…

China's crackdown on crypto mining could see offenders blacklisted from basic social and financial services if caught. 4054 Total views 3 Total shares China has ramped up efforts to quash cryptocurrency mining in its Inner Mongolia region by introducing new penalties for those caught engaging in the illegal activity. Officials unveiled new draft rules which…

The decentralized finance market cap has reached $45 billion as the total value locked in DeFi continues to rise to new highs. 2426 Total views 23 Total shares The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with…

Ethereum (ETH) co-founder Joe Lubin has made a $6.5 million investment to secure a minority stake in enterprise distributed ledger (DLT) startup DrumG Technologies, Forbes reports October 1.Lubin’s investment comes via his blockchain startup ConsenSys, and is notable given that DrumG Technologies is headed by senior level executives from the ostensibly rival blockchain consortium R3.…