$COIN — it’s only the beginning

$COIN — it’s only the beginning

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The Money Roundup: Making Cents of Blockchain Fundraising News

The Money Roundup: Making Cents of Blockchain Fundraising News

From crypto trading to defi, the most exciting areas in blockchain fintech development and innovation are attracting serious investments from all industry corners. To introduce more tools and complementary services to the ecosystem, the recipients of these capital allocations are endeavoring to promote greater adoption by removing many existing participation obstacles and taking a more mass-market approach. Projects Focused on Usability and User Experience Lead the Charge Between Atani’s all-in-one trading infrastructure, Enso’s decentralized finance (defi) strategy sharing platform, Don-Key’s social yield-farming initiative, MakiSwap’s AMM for professionals, Sheesha’s Defi mutual fund, The Defiant Defi-driven informational platform, and Consensys’ sizeable cash pile, take a closer look at the impressive fundraising figures that continue to multiply as investor demand spikes. Defi Portfolios Arrive Just in Time As defi’s total value locked (TVL) figures continue their upward march after climbing above $50 billion, several outfits are attempting to help bridge the accessibility quandary inhibiting more widespread participation. Among them is Sheesha Finance, a UAE-based organization that has just concluded a $9.44 million capital raise through its unique liquidity generation event (LGE). Sheesha Finance contributors will receive Liquidity Provision (LP) tokens, which can be staked for the native Sheeshatoken and grant access to valuable Defi projects without requiring direct investment, much like a mutual fund. Accordingly, investors who stake their LP tokens will automatically be eligible for pool rewards and awards in the form of Sheesha tokens while mitigating Defi portfolio risk and concurrently maximizing its potential. The All-In-One Crypto Trading Ecosystem Closes Another Round When it comes to resolving the crypto ecosystem’s fragmented approach to services, Atani has stood out for its comprehensive approach to trading and related activities. Fresh off a $6.25 million seed round, which brings its total capital raised to $7 million, Atani is endeavoring to build a more modern, user-friendly cryptocurrency trading platform emblematic of the all-inclusive services offered by online brokers in traditional financial markets. Through integrations with more than 20 exchanges through API keys in its free non-custodial desktop platform, embedded tax reporting features, and tools like portfolio aggregation, advanced order types, and price alerts, Atani seeks to provide the complete suite of financial services for crypto traders. The latest fundraising will be allocated towards developing premium features like API trading that…

Singapore Crypto Exchange Bityard to Launch Its First Global Trading Contest

Singapore Crypto Exchange Bityard to Launch Its First Global Trading Contest

press release PRESS RELEASE. Singapore crypto exchange Bityard will launch its first trading contest before May 2021, with up to 60,000 Tether prize pool. The contest registration for each team’s captain is now open. As mainstream cryptocurrencies such as Bitcoin and Ether have been increasing gradually in value, more and more investment institutes and major companies have flooded into the crypto market. So far, the Bitcoin bull market has shown no sign of ending, and some people are expecting Bitcoin to hit $400K this year. The continuous bull market also boosts the number of active crypto investors, which is a very good sign for many crypto exchanges. Bityard, a Singapore based cryptocurrency derivative exchange, will soon launch its first global trading contest with up to 60,000 USDT prize pool before May 2021, and the contest registration for each team’s captain is now open on Bityard’s official site. The trading contests launched by crypto exchanges would improve the user acquisition for those exchanges and would also spice up the trading experiences. Furthermore, Bityard is not the first crypto exchange to launch trading contest. Last year, Bybit, another large crypto derivative exchange, according to Coinmarketcap, held a big contest – World Series of Trading (WSOT) with a great prize, which had attracted more than 12K global traders to join the contest. This time, Bityard launch the trading game for global crypto investors, especially newcomers, to engage more people in trading crypto assets. As the market keeps growing, there will be a rising number of investment companies and retail traders entering the industry, which will further motivate crypto exchanges like Bybit and Bityard to plan exciting trading events for their users.   This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Image Credits: Shutterstock, Pixabay, Wiki Commons

Kenyan Athlete and Olympic Champion Eliud Kipchoge Gets $40K in ETH After Auctioning NFTs of ‘Key Moments’

Kenyan Athlete and Olympic Champion Eliud Kipchoge Gets $40K in ETH After Auctioning NFTs of ‘Key Moments’

Kenyan athlete and world record holder, Eliud Kipchoge recently auctioned off his first set of NFTs for a total of 17.9837 ethereum tokens. The auction, which was conducted on the NFT marketplace Opensea, includes some of the key moments in Kipchoge’s career. According to a report, one of these moments, Kipchoge’s 2019 record-breaking run in Vienna fetched $14.8837 ETH while the marathoner’s Berlin Marathon run earned him 3.1 ETH or for over $6,500 at current prices. Meanwhile, in a Twitter post, Kipchoge, who is also an Olympic Champion, said he was grateful that some key moments in his career were now available as NFT. He wrote: I can say that I am really grateful to have the highlights of my career now available as NFT. I hope it will give someone around the world the same positive memories as it does to me. In the meantime, the report states that “Momentible.io created the NFT artwork in collaboration with Kipchoge.” It adds that “the video message is the official approval and authentication stamp that it is indeed from Kipchoge himself.” Kipchoge became the first person to complete the 42 kilometres and 195 meters run in less than 2 hours during “the INEOS 1:59 Challenge in 2019 in Vienna.” With the NFT auction, the marathoner becomes the latest celebrity to join the growing list of other prominent personalities to jump onto the NFT craze. What are your thoughts on Kipchoge’s NFT auction sale? You can tell us what you think in the comments section below. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims

Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims

The Crypto Open Patent Alliance (COPA), a bitcoin industry working group focused on patent laws, has filed a civil lawsuit in the UK against Craig Wright. For many years now Wright has insisted he is Satoshi Nakamoto, but has yet to prove so to the greater crypto community. COPA is looking to get the UK High Court to rule that Wright is not the rightful owner of the Bitcoin white paper. COPA Files a Case Against Craig Wright Just recently, Bitcoin.com News reported on Craig Wright’s attempt to get websites to remove the Bitcoin white paper over copyright infringement. The attempt didn’t work out so well, as a great number of websites decided to openly host the white paper on their websites in a sign of solidarity. Moreover, COPA questioned Wright’s attempt with a letter and asked the self-styled Bitcoin inventor to prove his claims. Now COPA is taking it a step further as the bitcoin industry working group has filed a civil lawsuit against Craig Wright. “Today, COPA initiated a lawsuit asking the UK High Court to declare that Mr. Craig Wright does not have copyright ownership over the Bitcoin white paper,” the working group tweets. “We stand in support of the Bitcoin developer community and the many others who’ve been threatened for hosting the white paper.” COPA Wants the High Court to Rule Against Wright’s Further Ownership Claims COPA wants the UK High Court to rule that Craig Wright is not the owner of the Bitcoin white paper. COPA was made to handle cases like this, as it is a patent-sharing consortium aimed at protecting such cease and desist notices and patent trolling. The lawsuit was filed on April 9, 2021, and the organization wants the Intellectual Property List of the High Court of Justice Business and Property Courts of England and Wales to rule on the matter. The working group argues that Wright is not the rightful owner and copyright infringement is not possible unless he proved his case. Basically, COPA is seeking an injunction against Craig Wright so it can restrain him from pulling the same tactics again. Moreover, if Wright’s legal team loses the case against COPA, the organization is asking for Wright to be forced to pay for such…

Bitcoin futures open interest soars to new heights ahead of Coinbase listing

Bitcoin futures open interest soars to new heights ahead of Coinbase listing

Open interest in Bitcoin futures has surged to new record highs ahead of Coinbase’s April 14 direct listing on the Nasdaq.Crypto market data aggregator Glassode states that Bitcoin open interest has exceeded $27 billion for the first time as Bitcoin pushed into new record highs above $63,000. The milestone suggests traders may be speculating on higher prices, although some may also be hedging against incoming volatility.#Bitcoin Futures Open Interest across major exchanges reaches record highs of more than $27B as $BTC hits new ATHs.Chart: https://t.co/GqgQ98W7Mq pic.twitter.com/KYBQC9WZxC— glassnode (@glassnode) April 13, 2021 The lion’s share of trading activity is on Binance, where the $5.2 billion in positions accounts for almost 20% of all outstanding positions being held on the exchange. It’s followed by Bybit with $4.66 billion, OKEX with $3.75 billion, and then Huobi, FTX, and CME with roughly $3 billion each.Despite the record open interest, Bitcoin futures volumes appear to have been declining over the past month, sagging from $117 billion as of March 15 to range between $50 billion and $75 billion during April, according to crypto derivatives data aggregator, Skew. The waning volume may suggest traders have become increasingly cautious about opening new positions as the date for Coinbase’s listing has approached, with a significant share of open interest likely representing positions that have been opened during previous weeks and months.Of the $75 billion worth of BTC futures that changed hands over the past 24 hours, Binance makes up more than one-third of the volume with $26.9 billion, followed by Huobi with $14.5 billion, OKEx with $12.7 billion, and Bybit with $10.6 billion.By contrast, open interest in Bitcoin options has declined since a record $6 billion worth of contracts expired at the end of March. Options volumes have increased during April, with the data suggesting many traders have been hedging their positions as billions were mobilized to protect against a crash down to $40,000 last week.Bitcoin is not the only market that derivatives traders are speculating on, with open interest in Ethereum futures also spiking to record highs above $8 billion as volumes increased over recent weeks.Ethereum’s options markets have also seen an increase in activity, with open interest pushing into 30-day highs near $3.2 billion. Ether options volumes jumped 90% overnight, surging…

SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be ‘Foolish’ to Try

SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be ‘Foolish’ to Try

SEC Commissioner Hester Peirce compares banning bitcoin to shutting down the internet, stating that governments would be foolish to try. She also offers some insights into whether the SEC will approve a bitcoin exchange-traded fund (ETF) this year. Governments Would Be Foolish to Try to Ban Bitcoin U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce shared her view of governments banning bitcoin and cryptocurrency regulation in an interview at Marketwatch’s Investing in Crypto event last week. She was also asked about the likelihood of the securities regulator approving bitcoin exchange-traded funds (ETFs) this year. Peirce, sometimes known as “crypto mom,” has been pushing for the SEC to approve a bitcoin ETF for several years. She was asked during the interview whether banning cryptocurrencies is a possibility since some people still believe that governments can always ban bitcoin, including Bridgewater Associates founder Ray Dalio, The Big Short’s Michael Burry, and Ron Paul. The commissioner replied: I think we were past that point very early on because you would have to shut down the internet. As I’ve said in the past, I don’t see how you could ban it … I think that it would be a foolish thing for the government to try to do that. She pointed out nonetheless that governments “could certainly make the effort” to ban bitcoin or other cryptocurrencies. She explained that “A government could say it’s not allowed here but people would still be able to do it and it would be very hard to stop people from doing it.” However, the commissioner stressed that there is “A bigger problem” in banning cryptocurrency, which “is that we would be missing out on the innovation around bitcoin and other digital assets if we decided to try to stop them.” Will the SEC Approve Bitcoin ETFs This Year? Commissioner Peirce was also asked if this year is the year the SEC will approve a bitcoin exchange-traded fund (ETF) as many investors are expecting. “That is the big question that everyone has,” she replied, adding that her answer is the same one that she’s had for the last three years, “which is I don’t know.” She noted that the SEC is in a period of transition with a new chairman, Gary Gensler, likely…

Latest Episode of The Simpsons Prices Bitcoin at ‘Infinite’ as the Crypto Consolidates Above the $60K Threshold

Latest Episode of The Simpsons Prices Bitcoin at ‘Infinite’ as the Crypto Consolidates Above the $60K Threshold

Bulls are taking the reins of the price action in the bitcoin across the board, making a solid breakout above the $60,000 threshold, reaching new all-time highs, and it seems The Simpsons “did it again.” In a new episode broadcasted on Sunday, BTC is highlighted in a ticker news feed with the infinite sign. Gamestop Stock Is Also Featured in the Episode The 18th episode titled “Burger Kings” in Season 32 of the popular animated series featured bitcoin (BTC) during a news broadcast, whose ticker news feed at the bottom of the screen listed some U.S. publicly listed companies. However, what caught the crypto community’s attention, and which was a hot topic in the Reddit subforums, is the detail of BTC priced at infinity. Interestingly, after bitcoin’s quote, video game retailer Gamestop (GME) appeared in the scene. Following the sarcastic style characterized by The Simpsons, the famous stock – known for being fueled a few months ago by a community of investors in Reddit – posted a trillion in gains and then immediately plummeted two million, parodying the stock’s high volatility. The plot of the episode revolves around Mr. Burns getting into a plant-based burger business. He was about to die after eating lots of hamburgers, and thus the business idea came up to his mind. Although the episode doesn’t talk about cryptocurrencies, it involves financial markets’ concepts, such as speculation, as Marge made her inception into speculating in shares of Burns’ brand-new company. She wanted to gain profits to gift Homer a new pair of pants. Previous Mentions of Cryptos in The Simpsons This is not the first time that one of the world’s famous animated sitcoms mentions cryptocurrencies in one of its episodes. For the 13th episode of the 31st season, The Simpsons brought in Jim Parsons, best known for Sheldon Cooper in The Big Bang Theory, to explain the concept of cryptos. As of press time, according to markets.Bitcoin.com, bitcoin is exchanging hands at $63,200, with a market capitalization that stands at $1.18 trillion. What are your thoughts on bitcoin being mentioned in the latest episode of The Simpsons? Let us know in the comments section below. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It…

Record $8B open interest on Ethereum futures shows the pros are ‘here’

Record $8B open interest on Ethereum futures shows the pros are ‘here’

The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners. With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether’s price has rallied over 200% since the start of the year, marking a new all-time high at $2,300 on April 13.This impressive price surge caused Ether’s open interest to reach a record high of $8 billion. The figure represents 50% of Bitcoin’s (BTC) markets just two months ago. Some investors might say that derivatives contracts pose a risk for larger corrections due to liquidations, but one must remember that the same instrument can be used for hedging and arbitrage.Ether futures aggregate open interest. Source: BybtNot every short seller is aiming for lower pricesWhile the typical retail trader relies on perpetual futures (inverse swaps) primarily for short-term leverage positions, market makers and professional traders will tend to seek yields. This is usually achieved via “cash and carry” strategies that combine options trades. Therefore, to understand whether the current open interest represents a risk or an opportunity, investors must look at other indicators such as the funding rate.Massive liquidations typically occur when buyers (longs) are excessively optimistic. Hence, a 7% intraday correction forcefully terminates everyone using 15x or higher leverage. Despite making headlines, $1 billion orders would represent a mere 6% of the current average volume.Ether futures aggregate volume. Source: CoinalyzeAs shown above, Ether futures aggregate volumes will climb above $25 billion when additional volatility occurs. This data means the eventual liquidation impact might be even more negligible.The impact of futures goes in both directionAnalysts tend to ignore a futures contracts’ buy-side impact, especially during a bull run. No one blames derivatives for a sudden 7% price increase, although that might have accelerated the movement. This theory holds especially true considering the steep funding rate charged for longs. Traders should avoid these moments unless they’re confident that the rally will continue.Ether perpetual futures 8-hour funding rate. Source: CoinalyzeWhenever longs are the ones demanding more leverage, the funding rate will become positive. A…

Novogratz’s Galaxy Digital Jumps Into the Bitcoin ETF Fray

Novogratz’s Galaxy Digital Jumps Into the Bitcoin ETF Fray

The investment company Galaxy Digital Holdings has revealed it is joining the growing list of firms looking to sponsor a bitcoin exchange-traded fund (ETF). Novogratz’s crypto firm applied with the U.S. Securities Exchange Commission (SEC) on Monday to launch a product called the “Galaxy Bitcoin ETF.” Galaxy Digital Wants to Provide a Bitcoin ETF Galaxy Digital Holdings (TSX: GLXY) filed a Form S-1 registration with the SEC on Monday in order to get approval for a new bitcoin ETF. The “Galaxy Bitcoin ETF” filing was submitted on April 12, 2021, and joins the seven other bitcoin ETF contenders waiting for approval from the U.S. regulator. Galaxy Digital is an investment company led by Michael Novogratz, a former executive from the macro-strategy hedge fund Fortress. “Galaxy Bitcoin ETF is an exchange-traded fund that issues common shares of beneficial interest that trade on NYSE Arca,” The Galaxy ETF filing notes. “The trust’s investment objective is to reflect the performance of the Bloomberg Galaxy bitcoin Index, less the trust’s expenses and other liabilities. In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily based on the value of the Index, which is calculated based on data from bitcoin pricing sources selected by Bloomberg Index Services Limited.” Eight Bitcoin ETF Filings Waiting for Approval Novogratz has been a bitcoin bull for quite some time and speaks about the crypto economy on a regular basis. On April 13, when bitcoin (BTC) saw a new all-time high (ATH) at $63,769 per unit, Novogratz was quite pleased. “A fine day for my favorite song,” he tweeted. “Bitcoin Please Go To Moon Song,” Novogratz added. The Galaxy Bitcoin ETF filing notes that the sponsor does not plan to buy or sell BTC directly. “The trust is an exchange-traded fund. Barring a liquidation or extraordinary circumstances,” the filing adds. “The trust does not intend to purchase or sell bitcoin directly, although the trust may direct the custodian to sell bitcoin to pay certain expenses. Creations and redemptions of shares will be effected in ‘in-kind’ transactions in blocks of [ ] shares based on the quantity of bitcoin attributable to each share.” The Galaxy Bitcoin ETF registration follows the recent Kryptoin re-filing last week. Galaxy will now…