Industry news — Page: 9

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 first Polkadot auction round is over. The Acala project is the round’s winner. 32.5 million DOT tokens are locked for the winner, while the overall contribution reached 87.55 million DOTs (equivalent to $3.5 billion).

Fidelity Investments is going to jump the Canadian crypto market to a new level. The company got approval from IIROC (Investment Industry Regulatory Organization of Canada) to run a trading and custodial Bitcoin platform for institutional investors. Such a step enables Fidelity to launch a Bitcoin-based ETF in Canada.

The US basketball team Houston Rockets is going to claim the title of the most crypto progressive NBA club. Tilman Fertitta is ready for the revolutionary partnership with NYDIG.

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.

The Infrastructure Bill widely discussed among the US officials and the crypto community is now the official US law. On November 16, Joe Biden signed the bill, letting the new requirements come into force. The amendments suggested by crypto-supportive politicians were rejected.

What is the best gift for Christmas? 26% of Aussies are convinced that digital currencies “under the Christmas tree” would look great.

Digital currencies led by Bitcoin are primarily claimed to protect holders from inflation, as the value of crypto assets constantly moves up despite the market downs. The US inflation rate reached its highest mark within the last five years. Based on October, CPI (Consumer Price Index) has skyrocketed by 6.2% compared to the same period of 2020.

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.

Switzerland is the next country ready to launch its own CBDC. According to the Swiss central bank, the testing of the digital currency ended successfully, and the financial regulator is going to schedule the CBDC launch for January 2022. Meanwhile, this step needs to be governmentally approved at first.

Seven Seven Six, a venture investment company run by Alexis Ohanian, and Solana Ventures announced the launch of an investment fund to support Web 3.0 development and blockchain-based social networks. The news appeared during the Breakpoint online conference.

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.

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.

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.

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.

"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. "

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).

"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.

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.

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.