Is the altcoin market set for an ‘explosive rally?’ Analysts eye these 3 indicators

Brazil’s central bank believes you’ve got to change money, to save money. The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry.According to the central…

Bitcoin price hangs slightly above $35,000 while traders simply watch the dip from the sidelines. 9067 Total views 11 Total shares The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend.Despite the…

New York-headquartered stock market giant Nasdaq is exploring adding crypto datasets to its market analytics tool, a Nasdaq source told Cointelegraph September 11.Speaking to Cointelegraph, Nasdaq’s Head of Alternative Data Bill Dague said that “given [an] abundance of interest, we are exploring cryptocurrency related datasets. Whether or not we launch a crypto-related product remains to…

The U.S acting comptroller of the currency believes the role banks play in society will soon be transformed by crypto assets and DeFi. 463 Total views 10 Total shares The U.S acting comptroller of the currency, Brian Brooks, predicts th decentralized finance (DeFi) will render many of the financial services offered by banks obsolete, just…

Nonfungible token platforms incorporating Web3 and the metaverse continue to attract sizable investments from venture capital firms. 502 Total views 7 Total shares Nonfungible token (NFT) startup Genies has secured $150 million in Series C funding at a valuation of $1 billion, making it the latest crypto-focused platform to attain “unicorn” status. The funding round was…

Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021. 194 Total views 85 Total shares A new report from Chainalysis has found that while China’s share of global criminal crypto flows has been falling since the third quarter of 2019, the…

In this week’s newsletter, read about how the word “metaverse” placed second in Oxford’s Word of the Year. Check out how Meta is pushing forward its metaverse plans amid doubts and how the nonfungible token (NFT) marketplace Magic Eden announced a tool to enforce royalties. In other news, find out how the Opera Crypto Browser…

On June 26, Chinese firm Ebang was listed on the Nasdaq Global Market under the ticker EBON, becoming the second Bitcoin (BTC) mining manufacturer to go public on a United States stock exchange.The company intends to secure up to $125 million in the offering and follow up with an ambitious enlargement — namely, it plans…

Two months after filing VanEck’s BitcoinETF, CBOE has submitted another application — one proposed by Fidelity — to the SEC. 3144 Total views 18 Total shares The Chicago Board Options Exchange, or CBOE, has filed Fidelity’s Wise Origin Bitcoin (BTC) exchange-traded fund with the United States Securities and Exchange Commission.CBOE filed a Form 19b-4 on…