Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above $25 and dropped to just over the $24 mark. Initial Market Performance of Valkyrie’s Bitcoin ETF Lackluster Compared to the First Bitcoin ETF Debut Valkyrie’s bitcoin futures ETF officially launched on Friday and reached a…

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Bybit Is Now Offering 3% Bonuses on Deposits

Traders who have yet to join cryptocurrency exchange, Bybit can now enjoy 3% bonuses on their first time deposits, capped at $3,000 per user. In addition, traders with combined trading volumes in both Spot and Derivatives of at least $100,000 will be automatically included in an exclusive lucky draw featuring a grand prize of 0.1 BTC. To be eligible to receive the bonuses, traders must first register for Bybit’s Deposit Blast-Off event here before Nov. 18, 2021, 10AM UTC. Once registered, traders must make a minimum deposit of $500 worth…

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Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano’s Rank

The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million. Solana Takes the 6th Spot, Market Valuation Nears Cardano’s Market Cap On Friday, the crypto asset solana (SOL) has managed to take the sixth position in terms of the world’s largest crypto market valuations. At the time of writing SOL…

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Dems see a $1 trillion-plus deal within reach — but not until next week

Democrats are inching closer to a deal on President Joe Biden’s social spending plan, though likely not until next week. Biden had breakfast with Speaker Nancy Pelosi on Friday as Democrats close in on a deal on Biden’s social spending plan, prompting an upbeat assessment from the California Democrat. Still, several sources with knowledge of the intensifying talks said they doubted a deal could come together anything this week given where things stand between Biden and Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.). But Democrats head into the final…

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Caregiving advocates are now center stage. Can they help deliver real change?

The Covid-19 pandemic thrust the role of caregiving into the national spotlight, with Democrats promising an enormous injection of funding for everything from paid family leave to home care services as they try to overhaul American social policy. But as negotiations on President Joe Biden’s Build Back Better agenda hit the final stretch, many of these investments in the so-called “care economy” are on the chopping block — testing the clout of a movement that has leaped to the forefront of the political debate. Advocates for policies like paid medical…

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Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers

On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during the event. Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1 million customers. Speaking…

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Walmart Allows Customers to Buy Bitcoin at 200 Stores

Retail giant Walmart says that bitcoin can now be purchased at 200 of its stores in the U.S. The cryptocurrency is offered through Coinstar kiosks located inside Walmart stores. Coinstar is currently offering bitcoin at more than 8,000 kiosks. Buying Bitcoin at Walmart Bitcoin can now be purchased at 200 Walmart stores in the U.S., the company reportedly said Thursday. This is part of a pilot program with Coinstar, which operates machines that allow customers to exchange U.S. coins for paper bills or gift cards. The pilot began earlier this…

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Pelosi huddles with Biden as Dem dealmaking intensifies

President Joe Biden had breakfast with Speaker Nancy Pelosi on Friday as Democrats close in on a deal on Biden’s social spending plan, though a final agreement with the party’s two Senate centrist holdouts is unlikely to come this week. Several sources with knowledge of the intensifying talks said they doubted a deal could come together on Friday given where things stand between Biden and Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.). But Democrats are ending the week with far more clarity from that duo than they began, giving…

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Billionaire VC Peter Thiel Discusses Satoshi’s Identity — Says Bitcoin Is the ‘Most Honest Market We Have’

According to reports, tech billionaire Peter Thiel — the co-founder of Paypal and Palantir — spoke about bitcoin at an event hosted in Miami. At the time, bitcoin had just surpassed its all-time price high and Thiel said “you’re supposed to just buy bitcoin” and added, “I feel like I’ve been underinvested in it.” Peter Thiel Postulates Meeting Satoshi Nakamoto on a Beach in Anguilla The tech investor Peter Thiel is a fan of bitcoin (BTC) and has explained this on a few occasions in the past. In mid-May, Palantir…

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Night Life Crypto Integrates With Polygon and Launches NFT Sale

PRESS RELEASE. Night Life Crypto (NLIFE), the first platform to bring AAA style titles to blockchain games, is proud to announce an integration with the largest protocol connecting Ethereum-compatible blockchain networks, Polygon. Night Life Crypto will utilize Polygon’s chain to launch it’s very first series of integration NFTs, as well as use their chain for all in-game NFT rewards for their upcoming flagship game Night Life Drifting, on October 22nd, 2021. Night Life Drifting is an action/arcade game where users race other players through a neo-Tokyo city, drifting through the…

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Bitcoin ETF May Feel Good to BTC Enthusiasts, but Adoption May Not Advance In-Kind

While cheered emphatically by the crypto community, the bitcoin ETF’s simplicity hides many drawbacks, especially for long-term investors unfamiliar with the inner workings of the futures market and the rocky results of historical ETF launches. The First Crypto’s Saga Continues as Accessibility Broadens With the first Proshares bitcoin exchange-traded fund (ETF) with ticker BITO opening for trading on October 19th, investors with brokerage accounts can finally access the cryptocurrency just like they can any other stock or ETF available. For bitcoin aficionados, the SEC’s announcement catalyzed a positive change in…

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Cryptoeats Disappears After Raising £500K From Token Sale

Cryptoeats, a company that reportedly raised 8 million in a Series A funding round to build a crypto-based Ubereats alternative, disappeared after launching its token. According to estimations, the startup might have taken more than £500K from investors after the launch of its official token dubbed “eats.” The alleged scam was promoted by UK influencers and manufactured related apparel, and even hosting a launching party in London. Cryptoeats Initiative Vanishes After Token Launch Cryptoeats, a company that proposed to build a crypto-based Ubereats alternative, vanished from the internet just minutes…

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The ‘Bad Cop’ Who Rules Miami

In a police department with a history of brutality, Captain Javier Ortiz holds a special distinction as Miami’s least-fireable man with a badge, a gun and a staggering history of citizen complaints for beatings, false arrests and bullying. Over his 17 years on the job — including eight as the union president of the Fraternal Order of Police in South Florida — 49 people have complained about him to Internal Affairs as he amassed 19 official use-of-force incidents, $600,000 in lawsuit settlements and a book’s worth of terrible headlines related…

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Youngkin tries to harness Virginia parent anger in possible ’22 GOP preview

CULPEPER, Va. — Glenn Youngkin is betting on parents’ anger with local school boards to help him edge out a victory in the Virginia governor’s race against Democrat Terry McAuliffe. And, if it works, it could be a playbook for Republicans to seize on frustrations over Covid school closures — paired with culture war fights over how race is taught in schools and the rights of transgender children — to recapture suburban voters, potentially rocketing fights over education to the top of campaigns across the country. “When Virginia parents make…

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Spanish Banks Interested in Offering Crypto Assets to Their Customers

Spanish banks are preparing for the possibility of offering crypto assets directly to their customers. According to new regulations, the Bank of Spain must formulate a list of virtual asset service providers and custody companies. However, these institutions are still not sure if they must apply, because banks already comply with anti-money laundering directives derived from other laws. Spanish Banks Jump to Comply With Crypto Laws Spanish banks are interested in offering cryptocurrency services to their customers and will be making arrangements to comply with upcoming regulations. Spanish banks are…

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Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise be wasted. Ministries and Central Bank Review Crypto Mining Project by Russian Oil Industry Government institutions in Moscow are now discussing an initiative launched by Russia’s oil companies to start mining cryptocurrency at their extraction sites. The industry is proposing to utilize…

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Next-Generation Cryptocurrency LTNM to List on FMFW.Io Exchange (Formerly Bitcoin.com Exchange)

PRESS RELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This represents a milestone for both parties – one where LTNM will list on one of the world’s leading exchanges, while FWFW.io will be the second crypto exchange to list it. LTNM will be available for trading with BTC and USDT pairs, and the official trading…

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FTX Raises $420 Million in Series B-1 — Crypto Exchange Commands $25 Billion Valuation

The digital currency exchange FTX Trading Limited announced the firm has raised more than $420 million in a Series B-1 fundraise. The capital raise follows the crypto exchange’s financing round at the end of July when FTX raised $900 million. After the raise was announced on October 21, FTX said the firm’s estimated valuation is around $25 billion today. Crypto Exchange Giant FTX Raises $420 Million in Series B-1 On Thursday, the crypto asset exchange FTX revealed it raised more funds in a Series B-1 financing round. The company raised…

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$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says

Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment officer, Daniel Ivascyn, told CNBC in an interview Wednesday that his company is looking to trade digital assets, noting that some of its hedge fund portfolios are already investing in crypto-linked securities. Pimco, an asset…

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Tesla Hodls Bitcoin in Q3, Elon Musk Tweets BTC at $69K Meme

Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin on Balance Sheet Elon Musk’s electric car company, Tesla (Nasdaq: TSLA), released its third-quarter earnings report Wednesday. The company posted $13.757 billion in revenue, a 57% increase from the same period last year. It wrote:…

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