Valkyrie is the first spot Bitcoin ETF issuer to utilize two separate cryptocurrency custodians for its funds, thanks to its deal with BitGo. BitGo provides custody services for Valkyrie’s Bitcoin Fund (BRRR), safely custody and storing a portion of native Bitcoin (BTC) in the company’s exchange-traded product. Valkyrie and BitGo reached an agreement on January 17, but did not file it with the U.S. Securities and Exchange Commission (SEC) until February 1. This strategy diversifies Valkyrie’s spot BTC ETF by spreading risk across multiple cryptocurrency custodians, reducing single points of failure and enhancing the safety of the fund. Other issuers…
Author: Crypto Flexs
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The Reserve Bank of India (RBI) is currently exploring technological solutions to address privacy concerns posed by the digital rupee, officials said. The bank said it remains cautious on cryptocurrencies but has no plans to oppose it if the government decides to cut controversial taxes that are stifling the industry. Since the RBI has no obligation to levy taxes, the decision is outside the purview of the RBI. However, the central bank overstepped its role before banning cryptocurrencies, so its apparent willingness to back off on the topic is noteworthy.
Bitcoin and cryptocurrency have exploded in popularity in India over the last few years. With growing crypto adoption, more people are seeking ways to use their digital assets for entertainment and gambling. This has given rise to a new breed of Bitcoin casinos tailored specifically for the Indian market. As crypto casinos continue to emerge, finding the most reliable ones for Indian players can get challenging. In this guide, we cover the top-rated Bitcoin casinos available to users in India right now. We have personally tested and reviewed each site on the list, you can read our in depth reviews…
Economist Peter Schiff said Fed Chairman Jerome Powell’s decision to take a March rate cut off the table “may actually have increased the likelihood that the Fed will actually implement its first rate cut in March.” Furthermore, Schiff explained: The Fed’s job is to actually cause inflation and pretend to fight it. The economist emphasized, “The Federal Reserve creates inflation so that the federal government can run a large budget deficit and support financial markets.” Peter Schiff on Fed interest rate cuts and inflation In a series of posts on the social media platform The Federal Reserve decided to keep…
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join us telegram A channel to stay up to date on breaking news coverage Bitcoin price has traded down 1.3% over the past 24 hours. $42.1K 8:30 AM EST. Cathie Wood’s ARK Invest took the bearer, saying an optimal investment portfolio should hold about 20% of Bitcoin and that this allocation helps maximize the “risk-adjusted return of the portfolio.” In its 2024 Big Ideas report, ARK said Bitcoin has had a low correlation with traditional asset classes of 0.27 over the past five years, with the king of cryptocurrencies being balanced against traditional asset classes. “Bitcoin is not only a…
Wombat Exchange Launches First Single-Sided Volatile Pool AMM in DeFi – Chainwire housenewsroomWombat Exchange Launches First Single-Sided Volatile Pool AMM in DeFi We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is…
Pixelmon’s art reveal for a $70 million NFT sale in February 2022 was described as follows: Horrible, is both hideous and delightfully ugly. Since then, the project has been trying to change its fate.By September 2022, the project had replaced its pieces, established a new leadership team, and outlined a new roadmap. Then, in October 2023, it launched Kevin the Adventurer, a casual side-scrolling game that drove the NFT project’s lowest price (suggested minimum price) from 0.35 ETH ($800) to a high of 1.85 ETH ($4,200).The latest move is an initial investment of $8 million from high-profile investors. Includes Animoca…
January was a month of growth. But it was mainly for NFT collections. ETH is up about 2% in the past month, but some top NFT collections have grown even more. For example, Nansen NFT-500 and Blue-Chip 10 recorded value increases of 9.35% and 9.76%, respectively. Current reports note that this is a sign of the NFT market maturing. One category that reported positive returns in January was social NFTs. This includes the PFP set. The Nansen Social-100 index rose 13%. But other categories were less impressive. This includes Game-50, Art-20, and Metaverse-20 at -7%, -1%, and -11%, respectively. Additionally,…
Hong Kong, Hong Kong, February 2, 2024, Chainwire Wombat Exchange, a leading multi-chain and cross-chain single-sided stablecoin swap, has announced the first single-sided volatile pool Automated Market Maker (AMM) algorithm in the decentralized finance (DeFi) space. This groundbreaking development ushers in a new era in DeFi and delivers the first oracle-free, user-friendly, single-asset deposit and capital-efficient trading environment for all asset classes, including GameFi assets. Early last month, Wombat unveiled its new Gamified Bribe Market 2.0 announcement and plans to expand GameFi through future collaborations with Animoca portfolio games. This white paper was released following the remarkable performance of Wombat…