Digital Assets Report 46

Digital asset manager Grayscale’s total assets under management have surpassed that of the world’s largest and most liquid gold ETF.

The VanEck Bitcoin Strategy ETF will launch under the ticker XBTF on Cboe exchange tomorrow, days after its spot offering was rejected.

The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts.

The Taproot upgrade, coming in as the first upgrade for the network in four years, is a major step for the network as it improves its fundamentals even further.

Paradigm has announced a record-breaking funding round for their new venture fund, which will allocate $2.5 billion to crypto startups.

Coinbase reported weaker-than-expected revenue figures in the third quarter and a drop in monthly active users from the prior period.

Reddit co-founder Alexis Ohanian will be investing in decentralized social media that uses the Solana blockchain.

The team will first focus on growing decentralized apps for creators to manage virtual goods, currencies and ways for fans to show support.

JD said that as of Nov. 11, more than 100,000 people had used China’s digital currency on the company’s app during the Singles Day promotion period.

Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts.

BitcoinBitcoin Short Term ChartLast time was said: ’We can count 5 waves up since the wave 4 low and a move back through 65′200 should see an acceleration to the downside. I am sticking with an expectedcorrection lower with daily momentum showing bearish divergence. Once we breakthe wave X low,…

Bitcoin: * Price reached all-time high * Leverage flush drops prices by 8% in a few hours * Prices consolidated and then gradually increased due to strong supply and demand dynamics * Bullish Macro trend Ether: * Price reached all-time high * Despite price fluctuations, price finished ma…

Bitcoin breaks to new all-time-highs as the on-chain dynamics reach an inflection point. We analyse changes in spending patterns, and identify tools for navigating bull market tops.

Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S. tax reporting requirement.

US President Joe Biden has signed a landmark $1.2 trillion infrastructure bill into law which includes tax reporting provisions that apply to cryptocurrency.

Launching a truly “global” stablecoin is likely to get more difficult in the coming year as a result of the guidance, which advises regulators to keep such projects on a short leash.

Regrettably, this means Huobi Global can no longer offer services to Singapore-based users,” the announcement reads.

Cryptocurrency: New York getting its own cryptocurrency. Get news on crypcurrency, NYCCoin news, what is NYCCoin on News18.com

Tim Cook, the chief executive of Apple Inc., said Tuesday that he owns cryptocurrency.

Indonesia’s top religious scholars body MUI has reiterated its rejection of cryptocurrencies due to alleged “elements of uncertainty, wagering and harm.”