Category: Cryptocurrency News

Customers who use the Binance Pay Wallet to pay for their orders will be eligible to enter a rewards program.

An alternative investment company, Valkyrie, has added $73.6 million in capital into two crypto-focused trust funds. Valkyrie initially had $1.2 billion in assets under management at the end of the second quarter. This information is in amended filings with the United States Securities and Exchange Commission (SEC). Over the years, crypto investments and Decentralized finance have proven to be a great alternative to the traditional finance system. It could be because DeFi has a way to boycott the bureaucracy in the financial system. Decentralized Finance (DeFi) allows the use of digital ledger technologies. Digital technology enables investors to access and control their assets and financial data in global financial transactions. Related Reading: WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022 With DeFi, developers have created financial instruments that can operate digital assets without limitations. Loan collateral and debt obligations can all be tokenized with Decentralized Finance. Since blockchain technologies are transparent and accessible, many investors now channel their finance into the Crypto industry. As a result, traditional finance keeps flowing into the crypto industry, even with the bear market. Details Of The Valkyrie Tron Trust According to reports, the oldest fund was launched in 2021. The Valkyrie Tron Trust offers eligible investors access to the TRX cryptocurrency. According to the SEC filings, the trust has raised $50 million from a small sum of $57 in sales in July 2021. Tron is a blockchain-based decentralized digital platform with its cryptocurrency known as TRX. It aims to host entertainment applications and enable content creators to sell their work directly to consumers. Tron has been increasingly gaining recognition in the crypto market recently. A spokesman of Valkyrie noted that Investors are taking note of the continuous transaction growth recorded recently by the Tron network. Valkyrie Avalanche Trust Increased AVAX Exposure Meanwhile, the Valkyrie Avalanche Trust is bringing exposure to the AVAX token. The trust appeared in an SEC filing in January, but no sale has been recorded. The trust has raised $24 million out of the $25 million target mentioned by Valkyrie in May. Valkyrie’s Spokesperson commented that the Avalanche adoption rate is increasing significantly. He referred to KKR’s deal with Securitize for tokenization of a private equity fund on Avalanche blockchain announced earlier this week. A Brief On Valkyrie Valkyrie is a Tennessee-based investment company. The company offers trust funds based on eight protocols, three Nasdaq-listed exchange-traded funds (ETFs), Decentralized finance (DeFi), and protocol treasury business management. The SEC approved Valkyries’ XBTO Bitcoin Futures Fund in May. The crypto investment firm announced plans to enter into venture capital with a $30 million fund two months after the approval. The fund’s targets are new start-up companies in Israel. Valkyrie’s customer base is mainly from the U.S, and this may help assist the Israeli teams. Related Reading: WATCH: Bitcoin Bear Market Corrective Patterns Examined | BTCUSD September 14, 2022 Valkyrie also closed a deal of an $11 million strategic funding round in July. Top traditional finance companies BNY Mellon and Wedbush are backing the fund. Featured image from Pixabay, Charts from TradingView.com

see title. lets make it clear: investing what you can AFFORD to lose is NOT the same as investing what you are COMFORTABLE losing. for example, lets say you saved up $5000 for a nice vacation somewhere, after working lots of overtime and dealing with the usual BS drama and stress that comes with your…
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The Treasury Department was downbeat on crypto in two publications produced in response to the president’s executive order on digital asset development issued in March.

submitted by /u/sandakersmann [link] [comments]

The other 2 threads on this were filled with jokes and useless comments from people who did not read the document. Here's an actual summary that highlights the most important parts. Back in March 2022, Biden announced an Executive Order to study the risks and benefits of "Digital Assets", i.e. cryptocurrencies. Here are the results…
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Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned or plan on transitioning to other Ethash compatible coins like ethereum classic, ERGO, and the new fork ETHW. Now Ethereum blocks are verified by validators […]

I am not surprised that Coinbase has become one of the top Validators on the new PoS ETH network. They are slowly taking over all PoS networks and ETH was definitely no exception. They have become top/#1 validator for most other popular PoS networks and ETH was their next Victim. They then charge outrageous commission…
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Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise.

After 10 months since our all time high, we are without a doubt deep in bear territory. At the time of writing, Bitcoin is a little over 70% down at $19.5k and this week has been unsettling to say the least. It is difficult for Bitcoin to catch a bid. With the exception of some…
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