Market focus

Wall Street investment bank Goldman Sachs has filed on July 26 an application with the United States Securities & Exchange Commission (SEC) for new decentralized finance (DeFi) and blockchain-based exchange-traded fund (ETF). According to the filing, the proposed fund, called the “Goldman Sachs Innovate DeFi and Blockchain Equity ETF,” seeks to provide investment results that…

Launched in May of 2016, BitcoinIRA is offering investors the tax advantage of an IRA in return for a high-risk but high-reward alternative asset class. The company already has above 100,000 account holders, including clients starting the age of 18. BitcoinIRA launched in May of 2016, offering investors the advantage of a tax-free, self-directed Individual…

Amazon is hiring a digital currency and blockchain expert for its payments team. Although, for now, the major retailer doesn’t accept any cryptocurrencies as payment for its products, the posting might signals that Amazon is taking a more serious look at crypto. Amazon is seeking to hire an “experienced product leader to develop Amazon’s Digital…

Bitcoin surged above $39,000 on Sunday for the first time since mid-June after recent bullish comments from Twitter CEO Jack Dorsey and Tesla CEO Elon Musk. Experts attributed the moves to the lowering concerns over the environmental impact of Bitcoin mining and China’s regulatory crackdown. Despite a recent fall below $30,000, Bitcoin surged up nearly…

Breaking crypto news from the last week (17 – 23 July 2021): 17 July: Damien Hirst, one of the world’s most estimated artists, says NFTs are changing the world. In an interview with Cointelegraph, the British contemporary artist compared NFTs to “the invention of paper.” 18 July: The U.S. Department of State, at the first…

Major blockchain hosting and digital asset mining company Core Scientific is going public through a merger with Power & Digital Infrastructure Acquisition Corp., valued at around $4.3 billion combined. On Wednesday, Core Scientific Holding Co., one of the largest mining companies in North America, announced its plan to go public on Nasdaq via a special…