Market focus

The Starknet Alpha project has transitioned from several months of operation on the public testnet to the Ethereum mainnet, exceeding the initial schedule. The development progressed successfully during its time on the testnet, with regular updates introducing new features. Starknet Alpha is a Layer-2 scaling solution for Ethereum, built on ZK-Rollup technology. This technology leverages…

The US Securities and Exchange Commission (SEC) has approved the launch of the Bitcoin Strategy ETF. The exchange-traded fund (ETF) buys cryptocurrency (in this case, bitcoin), and sells shares to stock exchange investors. The first U.S. exchange-traded bitcoin fund has been listed on the New York Stock Exchange since October 19. Investors now have access…

Breaking crypto news from the last week (Nov. 20 – 26, 2021): Nov. 20: One of the world’s leading crypto exchanges, Gemini, has secured $400 million in a recent investment round led by Morgan Creek Capital. The funding round values the company at $7.1 billion. Gemini also plans to invest heavily in alternative metaverse proposals….

There are two big questions considered “uncouth” in financial circles. For fiat currencies, it is: “What backs the central bank-issued money?” For cryptocurrencies: “How much should 1 BTC actually be worth?” Recently in the United States, Republican Senator Cynthia Lummis from Wyoming told CNBC that bitcoin is the standard, so, unlike other cryptocurrencies, it’s not…

On Friday, the entire crypto market dropped by over 12% amid fears over a new worrisome coronavirus variant from South Africa. Bitcoin fell sharply alongside other crypto assets, hitting a seven-week low and officially entering bear market territory. The world’s biggest cryptocurrency dropped Friday over 8% in 24 hours, as low as $53,609, according to…

We finish our description of the cryptocurrency industry through the eyes of “traditional” financiers, primarily bankers. As it turned out, they are not as blinkered as we used to think. Moreover, they can reasonably assess the prospects of a decentralized financial world. Strong impression of DeFi Decentralized finance has undoubtedly greatly impressed financial market professionals….