Regulatory clarity key for banks entering crypto, industry exec says

Bitcoin (BTC) price continues to weaken following the shakeout of the leveraged traders in the derivatives markets on Nov. 10. This caused the derivative funding rates to drop to the neutral territory of 0.01% across exchanges.Data analysis firm Arcane Research said in its latest weekly newsletter that the derivatives markets had matured compared to the…

One user referred to her husband as "brainwashed" over Bitcoin, saying he was ruining her job by bringing up crypto at her marketing events. 943 Total views 17 Total shares Crypto investments have reportedly been a source of strife in relationships, sometimes leading to breakups and even divorce. According to a Reddit post from February 2015,…

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15.Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes control…

Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market. 89 Total views 2 Total shares The Texas State Securities Board has reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user…

Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States. 909 Total views 81 Total shares China’s stringent crypto regulations meant closing shop for many Chinese businesses within the Bitcoin (BTC) mining ecosystem. The sudden disappearance of Bitcoin miners from the grid has resulted…

Bitcoin’s price weakness is arguably only welcomed by those who chose it over saving in lira this week. 3097 Total views 63 Total shares Bitcoin (BTC) fell over 5% from local highs through Dec. 20 as macro tensions persisted into the new week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Brace for volatile end to 2021Data…

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system.“Crypto transfer device” supports four currenciesAccording to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement states: “What we were waiting for, our…

ETF issuers are getting creative with two new filings for inverse and leveraged funds. 1054 Total views 17 Total shares Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin.In a filing made to the U.S. Securities and Exchange Commission on Oct. 26,…