Goldman Sachs said bitcoin could hit $100,000 if hypothetically makes up 50% of the store of value market.
The post Bitcoin is set to take further market share from gold, according to Goldman Sachs appeared first on The Block.
An extension notice for NYDOG’s Bitcoin ETF hit the public register today, moving the decision date to March.
The post SEC delays decision on NYDIG’s bitcoin ETF proposal appeared first on The Block.
Quick Take
- Eric Adams has gone out of his way to broadcast his enthusiasm for cryptocurrency.
- Here are the things he can actually change now that he’s mayor of New York City.
Quick Take
- Major Chinese Bitcoin miner manufacturers have been contracted to deliver at least 1 million units of ASIC miners in 2022.
- We break down their market shares based on known purchase orders by institutional Bitcoin mining companies, most of which are publicly listed in North America.
- In theory, these pre-orders could add at least 100 EH/s of computing power to the Bitcoin network. But there are several factors that could affect that progress.
Metaversal intends to use the funds to bolster NFT-related business strategies such as acquiring digital assets and financing NFT projects.
The post NFT-focused Metaversal raises $50 million in Series A funding appeared first on The Block.
Chris Giancarlo proposes bridging the authorities of the CFTC and SEC by elevating an existing working group.
The post Former CFTC chair proposes a means for unifying crypto regulation from divided SEC and CFTC appeared first on The Block.
Quick Take
- The US now has 7 crypto-native banks operating under state or federal charters
- Since OCC regulation on digital banking in July 2020, 2 Wyoming and 3 OCC charters approved
- Crypto-native banks lead in offering custody, real-time payment and OTC trading solutions
Tether blacklisted an Ethereum address last week that had over $1 million of USDT balance in it.
The post Tether freezes over $1 million worth of USDT belonging to a single address appeared first on The Block.
Matrixport, Asia’s fastest growing digital assets financial services platform, introduces its first-mover ‘Buy-Below-Market’ (BBM) and ‘Sell-Above-Market’ (SAM) offerings.
The post Matrixport Enables Smarter Bitcoin Trades at Favorable Rates with Industry-first ‘Buy-Below-Market’ and ‘Sell-Above-Market’ Offerings appeared first on The Block.
Cion Digital, a crypto infrastructure startup building tools for traditional financial institutions, has raised $12 million in a seed funding round.
The post Crypto infrastructure startup Cion Digital raises $12 million in seed funding appeared first on The Block.
