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“# Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap ” The year-long calls for a $100,000 Bitcoin (BTC) price have fallen to the wayside since the asset struck a new all-time high at $69,000, but traders are not completely dismayed. At the moment, most analysts view the current price range as…
“# Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US ” United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets. Addressing a question on…
“# Gravity Bridge brings Ethereum to the multichain ” On Wednesday, the Interchain Foundation, a Swiss non-profit serving as a steward of the Cosmos (ATOM) ecosystem, announced the launch of Gravity Bridge as built by decentralized internet service provider Althea. Gravity Bridge enables the transfer of ERC-20 tokens between the Ethereum (ETH) and Cosmos blockchains….
“# Kevin Durant and Rich Kleiman’s Thirty-Five Ventures to create NFT drops with Coinbase ” On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible…
“# UK advertising watchdog bans crypto ads for Coinbase and Kraken ” The Advertising Standards Authority, or ASA, the United Kingdom’s independent advertising regulator, has taken down another batch of cryptocurrency-related ad campaigns promoting several major industry firms. On Dec. 15, the advertising watchdog issued several rulings on ad violations involving six crypto-related firms including…
“# Crypto Santa: Trader nets $34K shorting AVAX and LUNA, buy toys for kids ” A popular cryptocurrency trader under the Twitter pseudonym “Sicarious” donated a portion of its crypto profits to buy Christmas presents and other utilities for underprivileged children. The donations included $7,250 worth of livestock, clean water, Bibles, emergency food for Compassion International,…
“# Crypto in the House: Execs on the march, US partisan politics and Web3 ” On Dec. 8, top executives from six major crypto companies faced the United States House of Representatives’ Financial Services Committee during a special hearing on digital assets. While the tone of the conversation was largely proclaimatory, the industry reacted with…
“# Crypto payments solutions firm Ramp raises $53 million to increase adoption of dApps ” On Wednesday, crypto-fiat gateway payments provider Ramp announced it had raised a $52.7 million Series A funding round led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital, and angel investors. Ramp allows its partner brands to offer crypto-enabled services,…
“# Kraken CEO reverses $100K BTC 2021 forecast: Crypto winter now possible ” As Bitcoin (BTC) continues to trade sideways around $48,000, Kraken CEO Jesse Powell is not counting out a potential crash on cryptocurrency markets in the short term. A crypto winter is now “possible,” Powell said in a Dec. 14 interview with Bloomberg…
“# KKR leads $350M raise for crypto custody bank Anchorage Digital ” Major cryptocurrency custody bank Anchorage Digital has closed a fresh funding round, bringing its valuation to over $3 billion. Anchorage Digital announced on Wednesday that it had raised $350 million in a Series D funding round led by equity investment giant KKR. According…