Coinbase chief legal officer responds to cbBTC service terms fears
Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.
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Pomp’s Morgan Creek Raises $61M For Blockchain Fund, Targets $250M
Anthony Pompliano’s Morgan Creek Capital Management firm established a blockchain fund to explore opportunities using distributed ledgers.On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filling for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and has so far raised nearly $61 million from 11 investors.The filing…

Bitcoin price jumps 3.7% in an hour as US election fever begins
BTC price volatility makes a snap entrance as US Presidential Election voting begins — and Bitcoin analysts have a sense of deja vu.

Shiba Inu risks drop with SHIB’s 574% October’s price rally near exhaustion
Shiba Inu's massive gains all across October may pare on potential bearish divergence signals and an overvalued relative strength index. 514 Total views 3 Total shares Shiba Inu (SHIB) may see a pullback by almost 25%-35% on fears that the cryptocurrency's excessive price rally in October has left it overvalued, a key indicator shows.Dubbed Relative…

Bitcoin price surges to $43K, but traders warn that ‘real pain’ is due for altcoins
Even with the abrupt surge to $42.3K, traders warn that Bitcoin and altcoins are still in for ‘real pain’ if the current macro perspectives remain the same. 394 Total views 38 Total shares Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000,…

Report: Middle East and Africa’s Blockchain Spending to Surge 400% by 2023
As global blockchain adoption is accelerating, countries in the Middle East and Africa (MEA) are forecasted to massively increase their spending on the tech in the next few years.According to a new report by United States-based market research firm International Data Corporation (IDC), governments across MEA will see a 400% surge in their investment to…

Debut Canadian Bitcoin ETF nears $100 million in volume in first few hours of trading
Investors are signaling clear demand for the first Bitcoin ETF in Canada, but an American product remains far out on the horizon. 4712 Total views 11 Total shares The first Bitcoin ETF in North America, TSX’s Purpose Bitcoin ETF. had a gangbusters debut today trading nearly $100 million in volume. A Bloomberg Law report noted that…

Aside from Shark Tank, Mark Cuban says 80% of his new investments are in crypto
Mark Cuban said he didn’t focus on the price speculation around cryptocurrencies like Bitcoin and Dogecoin, comparing it to “gamesmanship” akin to that of stocks. 381 Total views 23 Total shares Comedian and former Daily Show host Jon Stewart said Dallas Mavericks owner and billionaire Mark Cuban broke down the intricacies of the crypto space…

US trustee challenges FTX reorganization plan, citing legal concerns
The objections raised by the US trustee and the creditor group are likely to play a significant role in the court’s deliberations.