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Crypto-Art for the Connoisseur

Crypto-Art for the Connoisseur

Non-fungible tokens get fresh test this week as two new auctions at legacy auction houses come into play  Trading volumes and values for NFTs have taken a breather of late, and this week’s auctions will determine if the elevated prices commanded by some NFTs continues to be sustainable or is a reflection of an unsustainable […]

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Consolidating Cryptocurrency Miners

Consolidating Cryptocurrency Miners

Riot Blockchain, a listed cryptocurrency mining company, has announced that it would be acquiring Whinstone U.S., one of the largest Bitcoin mining facilities in North America  Consolidation of cryptocurrency miners comes amidst growing heat from environmentalists over the heavy carbon footprint from cryptocurrency mining  Give a man a fish, he eats for a day. Teach […]

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Facebook an Indirect Cryptocurrency Play?

Facebook an Indirect Cryptocurrency Play?

Billionaire investor Mike Novogratz buys into Facebook and shorts the U.S. 5-year Treasury note, betting on Facebook’s upcoming digital wallet play  Addressable user base of 2.4 billion could potentially make Facebook’s Novi digital wallet a race to adopt cryptocurrencies on the social media platform  For the investor who wants a little cryptocurrency action with some […]

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Banks Banking on Bitcoin’s Lack of Volatility

Banks Banking on Bitcoin’s Lack of Volatility

Bitcoin volatility starting to come down even as volumes increase, suggesting slightly elevated levels of institutional participation  While most larger U.S. banks have avoided cryptocurrencies, others are caving to client pressure to provide the institutional grade services necessary to support cryptocurrency investments  Bitcoin has a bad reputation for being volatile and as such, unsuited for […]

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NFT? What’s That?

NFT? What’s That?

A cryptocurrency minute often feels like a lot less than that. Before you can say “rug pull” the floor beneath a new development in the cryptocurrency space may already have come out from under you.   Last summer it was decentralized finance, which continues to brew, this spring it looks like it’s NFTs or non-fungible […]

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Bitcoin Bounces Back on Visa News

Bitcoin Bounces Back on Visa News

Bitcoin and Ether rebound on news that Visa will be facilitating settlement using USDC – regulated dollar-backed stablecoin  Merchants still demonstrate reluctance to accept cryptocurrencies and stablecoins are an important halfway house towards wider adoption For those unfamiliar with the world of cryptocurrencies, stablecoins are a key variable in both buying and selling digital assets […]

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How Does DeFi Deliver Those Crazy Yields?

How Does DeFi Deliver Those Crazy Yields?

Lack of dollar liquidity to finance cryptocurrency buying is leading to a lending premium   Counterparty risks remain for certain types of trades, especially where the counterparty is not a traditional lender, justifying the risk premiums      For the uninitiated, the head-spinning yields from cryptocurrency lending and liquidity provision on decentralized finance or DeFi […]

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Retail Traders Cool on Cryptocurrency

Retail Traders Cool on Cryptocurrency

Retail flows fall off as investors cool on cryptocurrencies like Bitcoin  Institutional interest should help to pick up some of the slack and hopefully act as a more measured force, reducing volatility in Bitcoin    Bitcoin’s relentless rally started to stutter this week as the benchmark cryptocurrency fell to as low as US$50,000 before recovering […]

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U.S. Bitcoin ETF Gets Closer to the Finish Line

U.S. Bitcoin ETF Gets Closer to the Finish Line

Fidelity Investments files for a Bitcoin ETF on Wednesday New products at Goldman Sachs (-0.94%) which have mandate for exposure to cryptocurrencies re-confirms growing institutional demand  Bullishness over the prospect of a U.S. Bitcoin ETF wasn’t able to buoy Bitcoin prices overnight as risk sentiment soured on improving demand for U.S. Treasuries.   Even as the U.S. economy […]

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