Crypto News Roundup for Oct. 18, 2021

It's an exhausting trend that's plagued crypto for years: opportunistic developers whipping up bunches of tokens inspired by some hot concept.The latest inspiration is one of the most influential figures in crypto, at least among those obsessed with memes: Elon Musk, whose controversial words this week inspired the birth of hundreds of tokens, with some

news Financial services giant Fidelity Investments has hired a former head of digital assets project at investment bank Barclays. The new hire, Chris Tyrer, joined Fidelity at the end of April, according to his LinkedIn profile update. The profile, however, does not mention any further details on the role, except the mention of “Digital Assets.” Tyrer…

Apr 7, 2020 at 18:47 UTCUpdated Apr 7, 2020 at 19:22 UTCMicrosoft is throwing its weight behind the Blockchain for Social Impact Coalition (BSIC) incubator, a six-week hackathon focused on green energy and sustainable cities. The winners of the not-for-profit BSIC incubator program, originally spun out of Ethereum studio ConsenSys, will be announced at the Global…

news Stock exchange operator Nasdaq is adding indices for bitcoin and ethereum to its global data service later this month. The company announced Monday that it has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information on the two new indices starting Feb. 25. The Bitcoin Liquid Index (BLX) and the…

As the global economy continues to absorb geopolitical tensions, we see increasing speculation that the U.S. dollar’s global dominance could wane, with a steady decline in the dollar’s share of central bank reserves and increasing de-dollarization efforts among BRICS nations (Brazil, Russia, India, China and South Africa) and other emerging markets.Yiannis Giokas is senior director of…

markets View The Fed’s decision to expand its balance sheet is seen as a long-term positive development for bitcoin by crypto market experts. However, it hasn’t yet buoyed the cryptocurrency’s price, which is consolidating around $8,200. Short-term technical charts are calling a bullish move to the 200-day moving average, currently located above $8,600. The case for…

Many calls at $65,000, $70,000 and $75,000 crossed the tape on dominant crypto options exchange Deribit over the weekend.The concentration of activity in these so-called out-of-the-money calls reflects bullish market sentiment.Move over fears of a bitcoin (BTC) price drop due to so-called overbought technical conditions and potential selling by bankrupt crypto lender Genesis.Crypto traders are

Fresh in from the World Economic Forum, in Davos, Switzerland: Howard Lutnick, chairman and CEO of Cantor Fitzgerald, has reiterated claims that Tether has the money the stablecoin issuer claims to have. Cantor has been a Tether custodian since late 2021, and as such has been able to examine portions of the stablecoin issuer's balance

The average loan size for a first-time lender on the platform is $3.2 million, Genesis said.Genesis CEO Michael Moro(CoinDesk archives)Jan 26, 2021 at 2:01 p.m. UTCUpdated Jan 26, 2021 at 2:33 p.m. UTCTraditional Lenders Extended Millions in Loans to the Crypto Space Through Genesis in Q4Several institutions are parking their idle cash on Genesis Capital’s…