Industry news — Page: 9

While the US government has been discussing the pros and cons of the recently signed investment bill, Texas prefers to pave the crypto-progressive path – the state aims to become the global hub for the Bitcoin mining industry.

While the crypto market was moving down the previous weekend, Avalanche had hit another price record. The AVAX token reached its all-time high at $146.22, and the new record let the digital asset debut in the G10 of the crypto ranking – Avalanche replaced Dogecoin there, moving the meme-coin to the 11th position.

Circle, a US-based issuer of USD stablecoin, names Asia as one of the most promising markets to enter. The CEO, Jeremy Allaire, confirmed it in his interview with Bloomberg agency.

The Australian Reserve Bank keeps its finger on the pulse of local investment tendencies and aims to protect local investors who stake on meme-coins (Dogecoin and SHIBA INU mainly).

The mining company Marathon Digital Holdings expects to strengthen its position in the crypto market. MDH is going to place convertible bonds for investors – bonds with a repayment period till December 1, 2026, will be available for qualified institutional buyers.

On November 10, the crypto community celebrated one more industry-changing event, as Bitcoin had set another price record. The first digital currency reached $68 789 per coin, while the market capitalization touched the level of $1.3 trillion.

Canada keeps defending its title of the most crypto-progressive country. Earlier, the country hosted the first Bitcoin ETF, starting the global trend. The Canadian government shows that cryptocurrencies and ecology are equally important, as the two carbon-neutral ETF funds based on digital assets are about to appear in Canada.

According to a report published by Sheena Shah, Morgan Stanley’s crypto strategist, traditional banks understand the perspectives of digital currencies and are going to capitalize on the growing interest.

The legendary Spanish football club Barcelona is going through hard times; meanwhile, the team wants to remind fans of some of the historic and life-changing events.

Solana keeps impressing the crypto community with new records. The digital currency reached its new all-time high at $260.06 which let the asset debut in the top-4, according to the Coinmarketcap ranking. With the overall capitalization of $73 billion, Solana left Tether and Cardano behind, testing brand-new heights for the cryptocurrency. The next goal is BNB with a market cap of $106 billion.

Despite the attempts to tighten control over digital currencies, the US political squad welcomes more and more crypto-supporters. Eric Adams, the newly elected Mayor of New York is among the brightest representatives.

BetaShares moved the Australian crypto sector to a new level, by launching an ETF fund based on crypto-related companies. BetaShares is known as the leading Australian fund manager, and now the company strengthens its positions in the national market.

The USA government is at the risk of being divided into two camps: crypto-supporters and crypto-critics.

The Singaporean government is paving the crypto-friendly path to transform the country into the global crypto center.

"Something is rotten in the US crypto state. After the series of the SEC October approvals for Bitcoin ETFs, the community expected the warming into the industry; meanwhile, the commission recently postponed the application sent by Valkyrie Investment to January 7, 2022.

Corporations included in S&P 500 reported their Q3 earnings. As for the index, S&P 500 increased by 0.69% (4 397 on September 30).

"Investors understand liquidity as a core factor that shows whether to buy/sell certain assets or not. Let's dive into this notion to comprehend its importance better. "

On October 29, Ethereum reached another all-time high at $4400 per coin. The crypto community considers the Altair Beacon Chain update as the major driving factor for the coin’s price. This upgrade started successfully with more than 98% of already updated nodes.

Rhodium Enterprises, a mining company from Delaware, sent an application to the Securities and Exchange Commission to run an IPO. The company is going to enter the Nasdaq exchange under the ticker RHDM.

In August, CNBC disclosed the survey showing that 11% of US citizens aged 18-34 decided to invest their COVID-19 stimulus checks in Bitcoin. The first cryptocurrency got 2nd place after stocks. Stimulus checks sums were from $800 to $2800, depending on a set of conditions.

Earlier, three Bitcoin ETFs debuted in the US market. The local fin regulator approved 3 applications sent by ProShares, Valkyrie Investment, and VanEck. James Seyffart, a Bloomberg analyst, disclosed the information about more than 40 exchange funds based on digital currencies waiting for approval.

Puerto Rico is the most crypto-favorable US territory, due to Act 22. According to this local act, US residents living in Puerto Rico for at least six months are not charged taxes related to crypto incomes. The law covers different categories of gains. Furthermore, a person is able to live in Puerto Rico, having US residency (there is no necessity to renounce the status).

For years stablecoins have been recognized as a threat to a traditional economic system by official governments. The US Securities and Exchange Commission came up with a decision that such assets need to be strictly controlled on the territory of the USA.

The time for jokes is over, as the meme coin, SHIBA INU, sets one record after another. The cryptocurrency is celebrating its debut into the top-10 of the crypto ranking, according to market capitalization.