Category Archive: Cryptocurrency, No picture
Key Ethereum Researchers Vote to Ship Proof-of-Stake in 2021
Key Takeaways Vitalik Buterin and other Ethereum researchers have supported launching “the merge” phase of Ethereum 2.0 in 2021. The initial Ethereum 2.0 roadmap planned for launching sharding ahead of the merge of Ethereum mainnet and the Beacon chain. Ethereum’s latest plans involve fast-tracking the merge ahead of sharding. Justin Drake told Crypto Briefing that […]
Luxury Brand Gucci Reportedly Eyeing NFT Space
Key Takeaways Gucci and a host of other luxury fashion brands are weighing up releasing their own NFTs, Vogue Business has reported. NFTs could be used to create digital fashion items and certificates of authenticity. Despite the fashion industry’s interest in the space, some signs suggest the market is overextended. NFT Gucci slippers? According to […]
Grayscale Reveals Plans to Convert GBTC to Bitcoin ETF
In a blog post published this morning, Grayscale LLC announced its intention to convert its Bitcoin Trust Fund (GBTC) to an exchange-traded-fund (ETF). Grayscale Bitcoin ETF Awaits Regulatory Approval Previously in 2016-2017, the digital asset management company had sought the SEC’s approval for a Bitcoin ETF. After failing to convince the U.S. regulators, Grayscale turned […]
Goldman Sachs Pulls Short Dollar Trade: Report
Key Takeaways Goldman Sachs is closing its recommended short dollar trade, citing rising Treasury yields. Long BTC, short USD have been among the world’s most crowded trades in recent months. Goldman said Europe effectively curtailing the COVID-19 pandemic may spark further opportunities to profit from the short dollar trade. The short dollar trade has run […]
XRP Targets New Yearly Highs After Crucial Breakout
Key Takeaways XRP’s price has risen by more than 14.50% following Monday’s open, slicing through a crucial hurdle. If buy orders continue piling up, this altcoin’s market value could rise another 55% towards $1.13. Despite the bullish outlook, market participants must be aware of Ripple’s legal uncertainty. This news was brought to you by Phemex, […]
The Weeknd Raises Over $2 Million in First NFT Auction
Key Takeaways The Weeknd has minted his first NFT collection, raising $2.29 million in sales. The collection featured previously unreleased music by The Weeknd. A token featuring a full song sold for $490,000. Despite the criticism surrounding NFTs, the technology could hugely benefit musicians and other creators. Abel Tesfaye just made $2.29 million from his […]
Millions Drained in ForceDAO Attacks, White Hat Returns Funds
Key Takeaways ForceDAO was drained of millions of dollars this morning after a white hat hacker discovered a bug in the smart contract’s code. The white hat hacker successfully took 14.8 million FORCE tokens. Though they returned the funds, other attackers noticed the exploit and have sold their tokens for ETH. FORCE briefly tanked 95% […]
FinCEN Appoints Former Chainalysis CTO as Acting Director
Key Takeaways FinCEN has hired the former CTO of Chainalysis. The move suggests that the agency is onboarding crypto-specific talent to tackle its renewed focus on the sector. The government agency is responsible for monitoring money laundering and terrorist financing. FinCEN has hired the former CTO of Chainalysis to be its acting director. The move […]
Following Tim Draper Endorsement, Tezos Enjoys Hefty Uptick
Key Takeaways Draper Goren Holm announced it would help grow the Tezos ecosystem. The venture capital firm would “incubate and accelerate” some of the most notable projects by deploying capital and resources. The news was well-received by market participants, sending XTZ on track to new all-time highs. This news was brought to you by Phemex, […]
Crypto Briefing’s CB10 Index Ends First Quarter With 86% Returns
Key Takeaways Crypto Briefing’s educational index of top ten cryptocurrencies for U.S. retail investors has yielded 86.8% in Q1, 2021. Ether’s recent bullish revival saw its allocation regain 15% share of the CB10 index. Filecoin replaced Dogecoin during this month’s reconstitution process. Crypto Briefing’s CB10 yielded 86.8% by Apr. 2, compared to Bitcoin’s 84.6% and […]
