Home Blog Page 2298

ETC Group Lists Physically-Settled Bitcoin Exchange-Traded Product On Cboe Europe  

Lele Jima
-
0
ETC Group Lists Physically-Settled Bitcoin Exchange-Traded Product On Cboe Europe  

ETC Group has listed a Bitcoin ETP on Cboe Europe. 


Leading European digital asset provider ETC Group has announced that it has listed its physically-backed BTCetc ETC Group Physical Bitcoin on the Amsterdam-based exchange, Cboe Europe. Cboe Europe is considered one of Europe’s largest stock exchanges.

Details of the ETC’s ETP

The Bitcoin-backed exchange-traded product (ETP) debuted on Cboe Europe under the ticker (BTCE). Trading of BTCE will be conducted in euros, ETC Group noted in a press release today. 

Per the announcement, BTCE has the support of renowned market makers and authorized participants, who have vast experience in both the cryptocurrency and exchange-traded product market. 

According to ETC Group, authorized participants will focus on ensuring on-exchange liquidity and tight spreads. The rationale is to enable traders to purchase the fund at different sizes without worrying about the market impact. 

Commenting on the development, Tim Bevan, the co-CEO and founder of ETC Group, said the upcoming launch of BTCE on Cboe Europe is necessary given that demand for cryptocurrency exposure among traditional investors has skyrocketed. 

“As a flagship product, bringing BTCE to Cboe Europe is a logical step as demand for exposure to crypto recovers worldwide. The BTCE listing on Cboe Europe further establishes ETC Group’s leadership position in European domiciled cryptocurrency-backed securities,” Bevan said. 

ETC Group ETPs

Notably, ETC Group’s ETPs provide investors with numerous benefits that supersede the underlying assets being tracked. 

The company’s ETPs are available on regulated exchanges, and investors can buy and sell the funds the same way as traditional financial instruments, like stocks and commodities. 

“The underlying collateral is securely stored in institutional-grade custody, and investors do not require a digital wallet or related technical knowledge,” the announcement adds. 

ETC Group is currently one of the most prominent digital asset providers in the industry. So far, the company has launched various crypto-backed ETPs across major European exchanges. 

Late last year, TheCryptoBasic reported that ETC Group debuted an institutional grade Tezos (XTZ) ETP on Europe’s largest exchange-traded fund exchange Deutsche Börse XETRA. 

As announced by the company on November 9, 2021, the volume of cryptocurrency assets under the management of ETC exceeded $2 billion. 

Users Can Now Buy Baby Doge Coin (BabyDoge) With 20 Fiat Currencies Including USD, EUR, GBP

Zabi
-
0
Users Can Now Buy Baby Doge Coin (BabyDoge) With 20 Fiat Currencies Including USD, EUR, GBP

Estonia-based crypto to fiat gateway, Guardarian added support for Shiba Inu’s rival Baby DogeCoin (BabyDoge).



Guardarian, a ready-to-use registration-free fiat to crypto and crypto to fiat services provider, recently announced that it listed BabyDoge, which means users can now buy/sell Baby DogeCoin with multiple fiat currencies, including EUR, USD, GBP, etc. Using more than five payment options.

 

Guardarian is an Estonia-based company committed to driving cryptocurrency adoption while making the use of crypto as easy as it should be. The platform now supports over 20 fiat currencies.

It can be used to buy/sell more than 250 cryptocurrencies, including the major ones like Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), etc., with various payment options including SEPA, Visa, Mastercard, UnionPay, SWIFT, and multiple local bank transfers.

The platform is famous for providing a registration-free service, meaning that one doesn’t have to create or register an account to carry out his/her transactions. Moreover, Guardarian charges reasonable fees per transaction.

At the time of writing, Baby Doge Coin is trading at the price of $0.0000000013, up 2% over the last day with a 24-hour trading volume of $3,869,301 ($3.86M).

Terra (Luna) Upcoming Upgrade Gets Binance Support

Mark Brennan
-
0
Terra (Luna) Upcoming Upgrade Gets Binance Support

Terra wants to upgrade its network, and Binance exchange offers total support.



The Crypto Basic recently reported that Terra plans to implement a network upgrade to install three new updates onto the system. Apparently, the three updates pertain to how special accounts are created and used within the network. Plans for the upgrade followed a successful voting event for the proposal.

Following this, Binance exchange has announced that it will be offering its full support for the Terra network upgrade.

 

LUNA Trading Will Not Be Affected

Besides sending out a tweet to that effect, the exchange also made a blog post to inform its customers how it planned to offer its support to Terra and LUNA. According to the post, Binance will not halt LUNA trading during the Terra network upgrade expected to occur at block 890,000 at around 00:00 UTC.

However, LUNA deposits and withdrawals will be suspended starting from around 22:00 UTC on the material day, 28th July 2022. Going on, Binance intimated that after the Terra network upgrade is completed, the exchange will resume LUNA withdrawals and deposits and inform its customers of the same.

On its part, Terra has announced that it will be halting the network during the upgrade to allow validators to switch to the latest software.

Not The First Time Between Terra And Binance

This is not the first time the Binance exchange has supported Terra. A few weeks ago, when Terra 2.0 was created, Binance announced its support. The exchange also listed the new LUNA token and supported LUNA airdrops.

Interestingly, the Binance exchange declined support for Litecoin’s MimbleWimble Extension Block (MWEB) update, citing fears that criminals could use the new feature of enhanced transaction anonymity for money laundering and other illegal activities. 

Standard Chartered Backed Zodia Markets gets FCA Crypto License and Launches Exchange in Europe

Mark Brennan
-
0
Standard Chartered Backed Zodia Markets gets FCA Crypto License and Launches Exchange in Europe

Financial Conduct Authority (FCA) registers Standard Chartered-backed Zodia Markets for European institutional crypto trading and brokerage.


Zodia Markets made the announcement today that it has received cryptocurrency registration from the United Kingdom Financial Conduct Authority (FCA) and has formally opened its institutional crypto exchange and brokerage business.

The company is a cryptocurrency exchange and brokerage for institutional clients based in the United Kingdom and backed by Standard Chartered.

This registration is the first time that the Financial Conduct Authority (FCA) has included a cryptocurrency trading company that is supported by a major multinational bank on the UK’s Financial Services Register.

By using the same standards as electronic trading for conventional stocks, foreign currency, or fixed income, the exchange platform offered by the company enables customers to connect to a high-throughput, low-latency matching engine via the use of FIX API access.

Through its vast pool of experienced traders, operational employees, and industry-leading solutions, such as the electronic intelligent request for quotation (iRFQ) capabilities, the brokerage is able to deliver a tailored service at an institutional level.

Zodia Markets CEO, Usman Ahmad remarked:

“Whilst the digital asset markets have recently seen volatility and downward pressure, adoption continues unabated, with institutions entering the market at a rapid pace. At Zodia Markets, our mission is to be the most trusted trading partner for institutional participants as they navigate this rapidly evolving asset class.“

Zodia Markets’ trading operations are supported by high-quality third-party custodians, such as Zodia Custody, which is guaranteed by Standard Chartered. This clearly separates Zodia Markets’ duties from those of the custodians.

The company provides broker-aided facilitation to execute big orders and a high-throughput, low-latency trading venue for institutional customers. To facilitate access to the most important digital asset and fiat currency pairings, the firm also ensures regulatory compliance and data security.

Another StableCoin Loses Its USD Peg, Falls By 91%

Mark Brennan
-
0
Another StableCoin Loses Its USD Peg, Falls By 91%

 

NIRVANA Loses $12M, its Stablecoin falls by 91%, and Its Native Token Decline by 85%.


Nirvana suffers a flash loan with a funding gap of over $12 million: ANA and NIRV decrease by 85% and 91%, respectively.

 

The algorithm stablecoin protocol Nirvana, which is built on Solana, is thought to have had a flash loan, and it now has a financing deficit of $12 million. The price of its stablecoin, NIRV, dropped from $1 to $0.09, representing a reduction of as much as 91 percent. Meanwhile, the price of its ANA token dropped from $8.9 to $1.5, representing a drop of as much as 85 percent.

According to several analysts, the recent decline in token value was anticipated. Due to the lack of liquidity, the prior price of ANA was bound to swiftly decrease to the floor price, which would then be decided by an agreement between ANA and its investors. 

Stablecoins are facing a tough time after the Terra stablecoin UST disaster. Tron stable coin USDD also faced some problems a few weeks ago but now doing well.

NIRVANA is the first native computing stable currency project on the Solana chain. It is a dual-currency system whose liquidity is controlled by the protocol. It is divided into value currency: ANA and the stablecoin NIRV. ANA—which is a value storage coin—can be minted directly on the official website; that is, ANA is directly purchased by the stablecoin.

Nirvana’s treasury funds offer floor price support for ANA, while the liquidity pool provides liquidity for the market to sell ANA. This allows Nirvana to achieve the model of calculating stability plus treasury repurchase, which tries to safeguard the capital at the floor price.

When staking via ANA, however, NIRV may only be loaned at the maximum price of the floor price, and the agreement will levy a 3 percent handling fee. On the other hand, the stablecoin NIRV can be lent out by staking ANA or acquired through the secondary market.

Bitcoin Whales With Over 10k BTC Increase By 7% As BTC Peaks Toward $27K

Mark Brennan
-
0
Bitcoin Whales With Over 10k BTC Increase By 7% As BTC Peaks Toward $27K

 

The number of Bitcoin whales holding over $10k coins is increasing as BTC establishes a support level between $21k and $22.4k.


Over the last few months, the crypto market has experienced tough ups and downs, with many anticipating a rather long crypto winter due to the looming global economic recession. However, according to recent reports, July seems to have established an important turning point for Bitcoin.

In a tweet posted by Ali Martinez derived from Glassnode, an on-chain analysis, and financial metrics entity, the number of BTC whales holding huge bags has increased by over 7% since early July.

 

The available data indicates that each of the top whales holding BTC, 10k and above, has worth over $220 million. This is an indication that whales have gone on a buying-free targeting BTC. However, it’s not clear why this heavy buying hasn’t affected the crypto’s price upwards, instead capturing it at the support level between $21k and $22.4k. On the other hand, this level could be blamed on the fed’s action in increasing interest rates and the uncertainties surrounding crypto regulations.

BTC To $27k?

In another tweet, Ali Martinez shares more data about the addresses that have purchased 500k BTC at the afore-mentioned support levels.

About 691,000 Bitcoin addresses are recorded to have made purchases of $21K to $22K. Reading the charts provided by IntoTheBlock, another research firm, Martinez notes that at the $23,380 price, there are around 285,000 BTC addresses holding about 237,000 coins. This makes that price mark an important resistance point for Bitcoin.

 

As such, if the demand zone of 21 to 22K keeps on holding, Bitcoin could have a big chance at dashing for the $27k level killing the $23K resistance, ultimately creating a positive sentiment in the market. However, it’s still not yet established whether this possible surge would be a lasting effect or not. At the time of writing, Bitcoin is trading at around $22,900, an 8% percent increase in 24 hours.

Lady Apes Swing Their Way to Open Sea’s Top 10

Andrew MacGill
-
0
Lady Apes Swing Their Way to Open Sea’s Top 10
  • Lady Ape Club NFT collection has occupied a spot on Open Sea’s Top 10.
  • The quirky ape-themed collection has secured over 140 owners.
  • Launched days ago on the STRMNFT marketplace, Lady Apes have shot in fame.


The wildly popular Lady Ape Club (LAC) NFT collection has grabbed a coveted spot on Open Sea’s Top 10. Marketed as bringing sizzle to the dull life of the Bored Ape Yacht Club (BAYC), the inventive collection features female versions of the iconic Apes adorned in everything from leopard-patterned fur to metal band jackets.

With over 140 owners, the LAC collection has skyrocketed in acclaim since its launch last week. At the current floor price of 1.33 ETH, the highest amount paid for an item in the set stands at 4.7896 ETH.

Earlier last week, when the Lady Ape collection launched on the STRMNFT marketplace, 9,000 of them were sold out within mere hours. The record-breaking performance of the collection came as a surprise amid the gloomy market and the trudging economy.

For context, STRMNFT is a new platform created to expand the utility of NFTs to all types of users. The platform was officially launched last May and opened its first sale this July with 9,000 LAC NFTs.

So far, the LAC NFT collection has had 9,000 sold on STRMNFT, 90 auctioned on STRMNFT, 100 allocated for the Bored Ape Yacht Club (BAYC) holders, and 700 for auction on OpenSea, among others. Out of the 700 on OpenSea, 141 have been sold at the time of writing.

When the Bored Apes came out in 2021, people were divided over the unconventional style of art. Some hailed it as the future of culture, while others criticized the quality of the work. However, despite strong opinions, it is undeniable that NFTs and especially Bored Apes have become a cultural phenomenon.

Poll Shows Majority Wants Charles Hoskinson To Remain “The Face of Cardano”

Mark Brennan
-
0
Poll Shows Majority Wants Charles Hoskinson To Remain “The Face of Cardano”

Charles Hoskinson Sarcastically Responds If He Should Remain “The Face of Cardano.”



I’m the face? This is news to me, Hoskinson said.

Charles Hoskinson, the founder of Cardano, has sarcastically reacted to a poll seeking ADA enthusiasts’ opinions on whether he should continue to “remain the face of Cardano.” 

The poll was created on Twitter by a Cardano supporter who goes by the username @LaPetiteADA. 

The user called on Cardano supporters to decide whether Hoskinson should continue to lead the project’s research and development. 

“Let’s address the #elephant in the room once and for all. #CardanoCommunity, should @IOHK_Charles still be the face of #Cardano? Let me know your opinions, and please retweet this poll to get a more representative result,” @LaPetiteADA tweeted. 

ADA Holders Support Hoskinson

It is noteworthy that the poll was created yesterday and has so far gotten over 4,022 votes. Out of the total votes recorded so far, the vast majority of respondents, representing 81.2%, voted “YES,” suggesting that Hoskinson should remain “the face of Cardano.” 

However, the remaining participants, which represented 18.8% at press time, voted “NO.” 

Reactions to the Poll

The poll has sparked mixed reactions on the microblogging platform. Many people consider the poll disrespectful to Hoskinson, especially concerning his contributions to the Cardano project. 

Reacting to the comment, @LaPetiteADA noted that the purpose of the poll was to find out how many Cardano supporters still love Hoskinson. 

Hoskinson also took time out to react to the poll, saying:

Mixed Feelings About Hoskinson

It is expected that most investors may have their doubts about Hoskinson based on the massive plunge in the price of ADA, the native cryptocurrency of Cardano. 

ADA has fallen 83.6% since it hit an all-time high (ATH) of $3.09, according to Coingecko data. The fall in ADA price is caused by several factors, especially political and economic events. 

Hoskinson’s Continuous Dedication to Cardano

However, ADA’s price crash should not undermine the contributions of Hoskinson, who has always stood with Cardano. 

He is not only involved in Cardano’s development; he is always ready to face critics who are committed to trolling the project; he is consistently doing AMAs to interact with the community and is always serious about his project; there is no doubt Hoskinson is always leading from the front and one of the most active crypto community member. 

recently as reported by TheCryptoBasic, Hoskinson slammed Mike Novogratz, CEO of Galaxy Digital Investments, for claiming that top developers do not see “Cardano having traction with Devs.”

Ethereum’s Vitalik Buterin Says The Merge Is Yet To Be Priced In

Mark Brennan
-
0
Ethereum’s Vitalik Buterin Says The Merge Is Yet To Be Priced In

 

Buterin believes the merge can only be truly priced in after it happens.



Ethereum founder Vitalik Buterin in an interview on crypto-dedicated YouTube channel Bankless during EthCC, noted that he believes the Ethereum merge is yet to be priced in and can only be priced in after the transition occurs.

“I think it’s [The Merge] not going to be priced in pretty much until after it happens,” Buterin said, speaking with the Bankless host.

Notably, the Ethereum creator went on to clarify that he was not just talking about the price action of the asset. Instead, Buterin elaborates that he is also speaking about the psychological effect and narrative shift that will come with the long-anticipated Ethereum upgrade.

“You know, even today, a lot of people kind of act as though this environmental issue is this fatal flaw,” Buterin said.

“At this point, I think the only way to convince a huge number of people that it’s going to go somewhere is just by actually going there. Once that happens, it’s going to change a lot of minds.”

While the revolutionary Canadian programmer believes the merge is yet to be priced in, it is worth noting that it has driven a lot of market speculation in recent weeks, with strong price performances from Ethereum, Ethereum Classic, and Staked Ethereum.

On Thursday, as reported by The Crypto Basic, the Ethereum network saw a huge spike in the number of daily active addresses reaching 1.06 million to surpass the previous record by 48%. 

As the merge approaches, developers are getting ready to launch the transition to proof-of-stake (PoS) on the final testnet. Lead developer Tim Beiko in a tweet on Wednesday, announced the timeline for the final testnet launch, saying it is scheduled to occur between August 6 to August 12.

The final testnet Goerli is scheduled to be merged with its version of the PoS Beacon chain called Prater within the outlined period. However, before this happens, Prater is expected to undergo an upgrade called Bellatrix on August 4. Finally, the Ethereum mainnet upgrade will take place on September 19 unless a major issue arises with the merge on the final testnet.

Ethereum remains above the $1,600 price point at the time of writing, up 11.82% in the last 24 hours and 10.11% in the last seven days.

Dogecoin Developers Launch New Platform to Wage War Against DOGE FUDs

Lele Jima
-
0
Dogecoin Developers Launch New Platform to Wage War Against DOGE FUDs

The meme coin developers want to tackle FUDs.


As the cryptocurrency industry continues to experience widespread Fear, Uncertainty, and Doubt (FUD), Dogecoin developers have launched a new solution that will tackle the growing menace surrounding DOGE. 

Timothy Stebbing, the Director of Dogecoin Foundation, announced the development on Twitter, saying: 

“Hey dogecoin, there’s a new weapon in the war against dogecoin FUD; we call it the Dogepedia!” 

Dogepedia – The Wikipedia of Dogecoin

Dogepedia can be considered the Wikipedia of Dogecoin. The platform contains Frequently Asked Questions (FAQs), Answers, guides, and other relevant information related to the Dogecoin ecosystem. 

Members of the Dogecoin community are referred to articles on the website for help with certain issues.  Some of the articles already published on “Dogepedia” include steps to mine DOGE, setting up a Dogecoin wallet, buying the meme-based cryptocurrency, and running nodes on the blockchain. 

Dogecoin Developers Already Tackling FUDs

The developers have already published some articles dedicated to tackling FUDs surrounding Dogecoin, especially in the aspect that DOGE does not have utility. 

Dogecoin developers addressed this criticism in the “FAQ & FUD” section. 

“The simple fact is that money has utility – and Dogecoin is money! Indeed, Dogecoin is one of the few cryptocurrencies that has been used for this main purpose from day one,” the developers said. 

DOGE Community Can Make Their Contributions

Aside from the articles already hosted on the platform, members of the community are also allowed to publish their Dogecoin articles and interact with important DOGE personalities. 

“You can contribute articles to Dogepedia! chat with @inevitable360 @mishaboar and many others. We know it’s not perfect (yet!), but we’re hoping this will be a resource the whole community can BUIDL and use. Good luck out there shibies,” Stebbing added. 

Dogecoin Adoption Soars Despite FUDs

Dogecoin has been one of the many cryptocurrencies plagued by FUDs over the years. Many critics have said the coin lacks utility and will always remain a cryptocurrency launched as a joke. 

The token’s uncapped supply also gave critics another angle to dwell on. However, these criticisms have not deterred the cryptocurrency from being supported by significant industry players, including Tesla’s Elon Musk, Robinhood’s Vladimir Tenev, and Dallas Mavericks CEO Mark Cuban. 

Both Musk and Cuban have added DOGE as a payment method to be used to purchase different merchandise. 

Tenev is confident that Dogecoin could ultimately become the currency of the internet. He shared a guide earlier this year that would help the cryptocurrency achieve the feat. 

1...2,2972,2982,299...2,636Page 2,298 of 2,636