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Why investors are not entirely sold on investing in a Bitcoin futures ETF

Source Node: https://ambcrypto.com/why-investors-are-not-entirely-sold-on-investing-in-a-bitcoin-etf/
Time Stamp: October 17, 2021 7:30 PM - Modified On: October 17, 2021 - Published By:
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Republished By Plato

With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.  We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend

DeFi Deep Dive — Covalent, Blockchain Data Unifier

Source Node: https://beincrypto.com/defi-deep-dive-covalent-blockchain-data-unifier/
Time Stamp: October 17, 2021 9:00 AM - Modified On: October 17, 2021 - Published By:
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Republished By Plato

One of the problems facing Web 3.0 is the unification of scattered decentralized networks. Covalent is addressing this issue. It gives developers access to smart contract data to survey the entire blockchain ecosystem.Sponsored Sponsored Covalent makes it easier for investors to glean insights and performance of digital assets. This is done through its unified API (application programming interface) that indexes blockchains. These range from NFTs to DeFi protocols. A brief history Ganesh Swami and Levi Aul started Covalent, expanding to a 35-person team. Across all personnel, they have extensive cumulative

Chinese Crypto Exchange BitZ Announces Closure as Crackdown Continues

Source Node: https://beincrypto.com/4-year-old-chinese-crypto-exchange-announces-closure/
Time Stamp: October 8, 2021 2:09 PM - Modified On: October 8, 2021 - Published By:
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Republished By Plato

Amidst another major crypto clampdown in China, the 4-year old Chinese exchange BitZ shutters its operations. Sponsored Sponsored The cryptocurrency exchange BitZ announced its closure after four years of operating one of the most popular online exchanges. It stated “policy and regulatory requirements” as the reasons behind its latest development.  While the actual closure date is set for October 21, 2021, the exchange said it suspended new user registration and KYC earlier. Those operations stopped on Mainland China back on September 26, 2021. However, only a few days prior the exchange

ADALend’s Revolutionary GM for an Evolutionary Cardano Based DeFi

Source Node: https://news.bitcoin.com/adalends-revolutionary-gm-for-an-evolutionary-cardano-based-defi/
Time Stamp: October 6, 2021 1:00 AM - Modified On: October 6, 2021 - Published By:
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sponsored DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks. ADALend continues the string of innovations in DeFi under the guidance of its GM. Javed Khattak, A qualified actuary (FIA), an award winning C-suite executive, and a successful serial entrepreneur who was awarded CFO of the year in 2018 by Wealth & Finance magazine, listed in the the top 20 individuals behind ICOs in 2017, a track record

IMF now the latest to warn against cryptos opening ‘unwanted doors’

Source Node: https://ambcrypto.com/imf-now-the-latest-to-warn-against-cryptos-opening-unwanted-doors/
Time Stamp: October 2, 2021 7:30 AM - Modified On: October 2, 2021 - Published By:
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A handful of cryptocurrency exchanges have suddenly become billion-dollar companies. An explosion in Bitcoin’s popularity has supercharged previously small-time platforms into powerhouses generating millions of dollars in revenues. And, it’s not just Bitcoin either, with other altcoins recording immense surges as well. Source: IMF Crypto is “risky” and opens “unwanted doors” The same was the subject of a blog recently published by the IMF (International Monetary Fund). The report observed, “The total market value of all the crypto-assets surpassed $2 trillion as of September 2021—a 10-fold increase since early 2020.

Huobi-backed SocialFi Platform, Torum to Make Social Metaverses a Reality with Avatar NFTs

Source Node: https://bitcoinprbuzz.com/huobi-backed-socialfi-platform-torum-to-make-social-metaverses-a-reality-with-avatar-nfts/
Time Stamp: September 29, 2021 3:36 AM - Modified On: September 29, 2021 - Published By:
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Press Release: Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform.  29th September 2021, Kuala Lumpur, Malaysia —  Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021. Torum SocialFi Platform  The conceptualization and creation of metaverses have been on the rise since the explosion of the NFT market, and Torum is leading the social side of this emerging

Facebook Announces a $50M Fund to Research the Development of a Metaverse

Source Node: https://cryptopotato.com/facebook-announces-a-50m-fund-to-research-the-development-of-a-metaverse/
Time Stamp: September 28, 2021 6:44 AM - Modified On: September 28, 2021 - Published By:
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The social media giant announced earlier this week its plans to create its own metaverse with the help of multiple parties. To do so, Facebook will allocate $50 million for research and program partners. Facebook’s Swing at Metaverse The company’s announcement reads that Facebook will not rely on a single company to build the project “overnight.” Instead, it will focus on cooperating with different parties, including policymakers, experts, and industry partners, to “bring this to life.” The $50 million funding will go primarily for global research and connecting with program

DeFi protocol run by ex-Coinbase dev just did $3.6 billion in daily trading volume

Source Node: https://cryptoslate.com/defi-protocol-run-by-ex-coinbase-dev-just-did-3-6-billion-in-daily-trading-volume/
Time Stamp: September 28, 2021 5:00 AM - Modified On: September 28, 2021 - Published By:
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dYdX (DYDX), a decentralized derivatives exchange that runs on Ethereum (ETH), has surpassed Coinbase’s volume for the first time, executing over $3.6 billion in trades in a 24-hour period.The protocol’s success came in the midst of Beijing stepping up its clampdown on crypto, which spurred the recent interest in decentralized exchanges (DEXs) and other decentralized finance (DeFi) products among Chinese users.Ethereum Layer-2 DEX doing more volume than Coinbase“5 years ago I left Coinbase and eventually founded dYdX. Today, for the first time, dYdX protocol is doing more trade volume than

Kawaii Islands Taps Polkastarter for its KWT IDO on October 12

Source Node: https://cryptopotato.com/kawaii-islands-taps-polkastarter-for-its-kwt-ido-on-october-12/
Time Stamp: September 28, 2021 3:08 AM - Modified On: September 28, 2021 - Published By:
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[PRESS RELEASE – Tortola, British Virgin Islands, 27th September 2021] Kawaii Islands, the Anime Metaverse gamifying DeFi mechanism, is pleased to announce its Initial Decentralised Offering (IDO) on Polkastarter. The token sale goes live on October 12, and users can start registering for the whitelisting process shortly. Blockchain gaming with a play-to-earn model keeps gaining global momentum. Kawaii Islands is the first Anime Metaverse on a large scale to create a simulation world for players to immerse themselves into. Players can explore customization options, including crafting, decorating homes, styling their

APENFT Partners Up With Tron-Based Cool Cats

Source Node: https://bitcoinist.com/apenft-partners-up-with-tron-based-cool-cats/?utm_source=rss&utm_medium=rss&utm_campaign=apenft-partners-up-with-tron-based-cool-cats
Time Stamp: September 27, 2021 7:30 AM - Modified On: September 27, 2021 - Published By:
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APENFT Foundation steps up its efforts to support promising and emerging non-fungible token projects on the Tron network. The company announced a new strategic collaboration with Tron Cool Cats — a spin-off of the Ethereum-based collection. This new partnership will focus on providing ongoing marketing and product development support to Tron Cool Cats. Following the recent creation of a $100 million fund dedicated to investing in high-quality NFT projects, APENFT has been ramping up its efforts to spot such art collections in the rapidly evolving Tron NFT landscape ecosystem. Excited

Phemex: Trade simply and manage risks efficiently

Source Node: https://ambcrypto.com/phemex-trade-simply-and-manage-risks-efficiently/
Time Stamp: September 27, 2021 6:15 AM - Modified On: September 27, 2021 - Published By:
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The Phemex exchange was founded in 2019 by a group of experienced Wall Street executives who wanted to build a professional and transparent crypto trading platform with a customer-centric approach. Phemex empowers its users to access the right set of tools in order to manage risks associated with trading crypto. The Phemex Story The team chose the name Phemex in order to highlight their dedication to building a trustworthy trading platform. Pheme is the Greek god of fame which represents the public voice, while MEX stands for mercantile exchange. Together,