Author: Crypto Global News

U.S. Should Do ‘Exact Opposite’ of China on Crypto, Says Andreessen Horowitz’s Katie Haun By MacKenzie Sigalos In considering how to regulate the crypto industry, the U.S. should look to China for what not to do, said Katie Haun, a partner at Andreessen Horowitz. “This is an opportunity for the United States, because we should be doing the exact opposite in my mind in this realm of what China is doing,” Haun, a former federal prosecutor who now helps manage Andreessen Horowitz’s crypto investments, said on Wednesday at CNBC’s Delivering Alpha conference. Earlier this year, China created its own digital currency,…

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The Fight To Control the $2.7 Trillion Crypto Market Is Heating Up By London Times It’s not that governments like China are banning cryptocurrencies because they necessarily expect the technology to fail. It’s that they want to be in charge of an experiment with potentially trillions of dollars in play. With its latest move, China joins a small list of nations that are crypto prohibitionists. And it is a swing in the opposite direction of El Salvador, which adopted bitcoin as legal tender this year and was lauded by libertarians as well as bitcoin believers. In the US, where crypto…

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Twitter To Add Bitcoin Lightning Tips, NFT Authentication By London Times Twitter users on Apple’s iOS will now be able to connect third-party tipping services to their profile on the social media site. That will include the ability to link both Bitcoin addresses and Lightning Network addresses. Twitter also announced today that it will add non-fungible token (NFT) verification features to the platform, a key step in the evolution of the booming trend for unique digital art, particularly as social media avatars. No specific timeline was laid out for the feature, which remains in development. The “Tips” feature will roll out…

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A $1,000 Investment in Dogecoin a Year Ago Would Be Worth Nearly $85,000 Today By London Times Cryptocurrency adoption continues to grow in 2021, with more than 300 million crypto users worldwide and 18,000 businesses already accepting crypto payments. Although Bitcoin and Ethereum, as the world’s largest digital coins, still hold the biggest ownership rates in the crypto space, Dogecoin climbed high on the list of the most popular crypto investments, with an impressive investment return. According to data presented by Mejores Apuestas, a $1,000 investment in Dogecoin a year ago would be worth nearly $85,000 today. Dogecoin’s Price Jumped 45 Times…

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Texas Following El Salvador? Poll Shows 37% of Residents Want Crypto Payments By Turner Wright A new poll from Newsweek suggests that as many as 10.8 million Texans may support legislation that makes cryptocurrency legal in the next election. According to a Sept. 20 report, a Newsweek poll that surveyed more than 9,700 eligible voters across ten U.S. states suggested that 37% of Texas residents would vote in favor of a ballot measure to make crypto legal, while 42% said they would support crypto-friendly legislation similar to that in Wyoming. With a population of roughly 29 million people as of 2021,…

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Software Giant Adobe Taps PayPal As Cryptocurrency, Payments Partner By London Times Looking to tap into cryptocurrency and online payment trends, Adobe (ADBE) has teamed up with PayPal (PYPL) to launch Adobe Commerce. As the stock market indexes come under pressure, Adobe stock and PYPL stock have both pulled back to test key moving averages. Adobe and PayPal are both featured on IBD Leaderboard. On Sept. 15, Adobe announced upcoming Payment Services for Adobe Commerce. By integrating Payment Services into their digital storefront, Adobe merchants of all sizes will soon have access to a robust and secure payment solution. The process…

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How To Pick the Right Cryptocurrency Investment As Trading Breaks Into the Mainstream, According to Unicorn Venture Capital’s Eunice Wong By David Allegretti For those comfortable with its volatility, cryptocurrency is an exciting new frontier with a myriad of opportunities. We are living in a phase of transition, which could be viewed as akin to the early days of email — an exciting new technology that scared some and excited others. Some took to electronic mail like ducks to water, excited by its possibilities. Others, on the other hand, weren’t so enthusiastic. Eventually, though, whether any individual liked it or not,…

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China Regional Deal, Cashed-Up Towns, Crypto Clampdown: Eco Day By Micheal Heath Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend: Beijing has applied to join an Asia-Pacific trade pact once pushed by the U.S. as a way to isolate China and solidify its regional dominance Philippine cities and towns are set to get more money from the government next year, but many likely won’t be able to spend it Treasury officials have identified what they believe are the most urgent risks posed by Tether and other stablecoins as they ready…

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Crypto Media Company Forefront Raises $2.1M To Cover World of Social Tokens By London Times Forefront, a one-year-old media company that covers social tokens and decentralized autonomous organizations (DAOs), has raised $2.1 million in a new funding round. In an announcement released Thursday on the blockchain-backed blogging platform Mirror, the company said that the financing is part of a “community-driven treasury diversification round,” and that the money is coming in via fiat currency – that is actual dollars – as opposed to crypto. Crypto-native media companies are having a bit of a moment: DJ Trevor McFedries’ Friends With Benefits was recently…

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Crypto Price Prediction: Bitcoin Could Hit $100,000 in 2021 but This Bank Sees Ethereum Soaring 10-Fold By CNBS News Bitcoin and cryptocurrencies have seen their prices swing wildly after soaring through August. The bitcoin price hit recent highs of $52,000 per bitcoin this week before crashing to around $42,000. The price of ethereum, the second-largest cryptocurrency after bitcoin, came within touching distance of its all-time highs this week before falling back. Now, U.K.-based banking giant Standard Chartered has issued a bitcoin and ethereum price prediction sees the bitcoin price rise three-fold from its current levels with ethereum potentially rising by…

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