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Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
Mutual funds provider ProFunds aims to enable crypto exposure for investors without actually buying Bitcoin.
The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or exchange-traded funds (ETF) that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies via wallets or crypto exchanges with this service. Read More
Ethereum Trading Volume Growth Outpacing Bitcoin in 2021: Report
Interest in the network and its cryptocurrency has surged—especially from institutions, according to a recent Coinbase report.
More money than ever before is being pumped into Ethereum—and it’s largely down to big Wall Street players taking an interest in the cryptocurrency, and DeFi, according to a new report.
Coinbase, the biggest exchange in the U.S., said in its half-yearly review that Ethereum has outperformed all cryptocurrencies, including Bitcoin, in the first six months of this year, when it comes to growth and trading volume. Read More
What Is Cardano’s Alonzo Rollout and What Does It Mean for Ethereum?
Cardano's latest update will bring DeFi and Dapps to the cryptocurrency. For many, this upgrade positions the network as a low-fee, high-speed alternative to Ethereum.
Cardano was first set up in the same year as Ethereum.
However, its development has been slower, on account of its peer-reviewed implementation structure.
The latest Alonzo update brings Cardano in line with Ethereum, adding smart contract and DeFi capabilities. Read More
Can These Blockchain Solutions Replace the Traditional Banking System?
In the past few months, blockchain and cryptocurrency have emerged as mainstream innovations. This has resulted in increased adoption even among financial institutions and corporations that once considered nothing but a sham. This increased adoption and popularity have led many to wonder if it is ever possible that blockchain will replace the traditional banking system.
While it is impossible to give a definite answer to this, there are clear signs that it might happen in the future. Already, some countries are looking to integrate cryptocurrency into their financial system officially. Read More
A SIGN THE CRYPTO INDUSTRY GROWING UP?
The vanguards of blockchain technology are open-source, patent-free, and defined by the people who use it, and in many cases, more so than the people who invent it. This is an extraordinary and unique moment in our history.
In only twelve years, which is a relatively short time, we’ve seen an evolution from a few crypto devotees to a global movement, and the progress is accelerating. This is the first year the crypto market’s behavior has seemed more refined than in previous years. In many cases, we saw erratic FOMO and FUD leading to despair with scam opportunists, the get rich quick mentality, resulting in a negative narrative for the most part.
But now we see a maturing, materializing, growing, and solidifying, getting the respect and dignity that it requires where people are getting serious about regulating and integrating a new financial system permanently into society. Read More
Algorithmic stablecoins show promise of reducing volatility — ShapeShift
“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases.
Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. Read More
Ripple Announces New Payment Corridor in Japan As XRP Rallies 23.5%, More Profits Ahead?
Payment’s solution company Ripple revealed the launch of a new corridor between Japan and the Philippines. This is the company’s first On-Demand Liquidity (ODL), a payment solution leveraging token XRP, in Japan.
The corridor has been launched in collaboration with SBI Remit, one of the country’s most prominent money transfer provided, according to Ripple, and the leading mobile wallet for the Philippines, Coins.ph. The payment solution will connect the wallet with the digital exchange platform SBI VC Trade on RippleNet. Read More
Why Another Wave Up For Altcoins Is Probable According To BTC Dominance
BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. Read More
The UK’s ‘Local Currencies’ Are Going Crypto
Local currencies like the Brixton Pound and Bristol Pound failed to save the British High Street. But can they succeed as stablecoins?
The Bristol Pound and the Brixton Pound were touted as the saviors of the British High Street—but their progress as local currencies was cut short, in part by fears over the use of physical cash during the coronavirus epidemic.
Now, inspired by cryptocurrencies, the two independent projects are drawing up plans to go digital in the form of tokens and, eventually, as stablecoins. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
