Coinbase Premium

Bitcoin Pumps, Ethereum Slumps Into Shadows, and Coinbase Bends Over for Hackers

By Allen Taylor | Cryptocracy | 2 Oct 2021


Bitcoin dipped below $40K again this week before shooting back up to $47,000. Its price at press time = $47,676.73. The market may have been reacting to Fed Chairman Jerome Powell saying there are no plans to ban cryptocurrencies in the U.S. Coinbase Premium indicates it could be non-U.S. whales behind the bump.

bitcoin

Coinbase was hacked this week and hackers got away with crypto from 6,000 accounts.

Ethermine allows anyone to send ether privately. Just what we need. Criminals will loathe it. Those in love with the nanny state will hate it. The rest of us will live our lives in joyful glee and pretend we don’t have the means.

3 factors that can send Ethereum to the moon.

Binance hires two former IRS agents.

Ripple is getting into the NFT creation game by setting up a $250 million fund on the XRP ledger for creators.

Litecoin’s long-term holders are unusual. Here’s why.

Buy Now, Pay Later fintech company Affirm is getting into crypto.

Visa is setting up an interoperable blockchain for making crypto payments with a variety of cryptocurrencies. This could go a long way to mass adoption of cryptocurrencies. The downside is, it will be centralized.

White supremacists have co-opted cryptocurrencies for their hate.

5 ways crypto got weird in the year of the pandemic.

In Ontario, Canada, crypto buyers can make transactions at a walk-in exchange.

SocialFi platform Torum is introducing avatar NFTs. What would really make these cool is the ability to carry them over to other blockchains and websites that are not connected to blockchains.

Unstoppable Domains CEO predicts stablecoin market to hit $1 trillion by 2025. If this proves true, the entire crypto market will be over $10 trillion by then.

Did you know Gary Vaynerchuk created an NFT collection out of doodles? I didn’t either. But Christie’s, the famous luxury auction house, has sold them for $1.2 million. I guess it pays to be a foul-mouthed internet marketer who makes wine.

Not to be outdone by the rich and famous, a 12-year-old created an NFT collection that sold for $5 million in three weeks.

An ethical argument for Bitcoin maximalism.

The IMF wants stricter global regulation of cryptocurrencies.

Going against the market, four altcoins surged 76 percent this week.

The marriage between cryptocurrencies and credit cards.

Registered Investment Advisors can offer crypto services through Flourish, a software just for them.

5 ways to manage crypto volatility with DeFi.

How to turn your USB drive into a crypto wallet.

A bi-partisan bill empowers Congress to study the dollar value of mining cryptocurrencies globally.

Opera browser adds support for NEAR protocol.

Utopia Labs is creating an operating system for DAOs.

Nigeria delays launch of digital currency. Meanwhile, Venezuela has launched a new digital currency.

This is not financial advice. If it were financial advice, I would have told you. Please seek a financial advisor before investing in crypto. First published at Cryptocracy.   Header image from CoinDesk.  

Resources

  1. https://coinmarketcap.com/currencies/bitcoin/
  2. https://www.forbes.com/sites/cbovaird/2021/10/01/bitcoin-prices-rallied-today-as-myriad-factors-fueled-gains/
  3. https://www.barrons.com/articles/bitcoin-is-rallying-the-fed-may-have-given-cryptos-a-green-light-51633102576
  4. https://www.coindesk.com/markets/2021/10/01/coinbase-premium-indicates-whales-on-binance-may-be-behind-bitcoins-rally/
  5. https://www.ft.com/content/43ab875b-2e96-48b7-926d-be17e925f1c3
  6. https://u.today/ethereum-transactions-can-now-be-sent-privately-heres-what-this-means
  7. https://cointelegraph.com/news/3-factors-that-can-send-ethereum-price-to-100-gains-in-q4
  8. https://finance.yahoo.com/news/binance-recruits-ex-irs-agents-053525945.html
  9. https://coinquora.com/ripple-announces-250m-creator-fund-to-evolve-nft-utility/
  10. https://ambcrypto.com/heres-whats-unusual-about-litecoins-long-term-holders/
  11. https://www.paymentsjournal.com/affirm-enters-debit-and-cryptocurrency-space/
  12. https://www.pymnts.com/blockchain/2021/visa-unveils-universal-payment-channel-for-blockchain/
  13. https://chicago.suntimes.com/2021/9/30/22703200/bitcoin-cryptocurrency-andrew-anglin-white-surpemacists-alt-right-richard-spencer-daily-stormer
  14. https://cointelegraph.com/news/five-times-crypto-got-weird-in-2020
  15. https://www.wsj.com/articles/walk-in-cryptocurrency-exchanges-emerge-amid-bitcoin-boom-11633107697
  16. https://news.bitcoin.com/huobi-backed-socialfi-platform-torum-to-make-social-metaverses-a-reality-with-avatar-nfts/
  17. https://cointelegraph.com/news/stablecoin-market-to-hit-1t-by-2025-unstoppable-domains-ceo-predicts
  18. https://www.cnbc.com/2021/10/01/christies-auctioned-gary-vaynerchuks-nft-art-for-1point2-million.html
  19. https://www.cnbc.com/2021/10/01/12-year-old-helped-code-non-fungible-heroes-nfts-that-made-millions.html
  20. https://www.forbes.com/sites/peterizzo/2021/09/29/against-cryptocurrency-the-ethical-argument-for-bitcoin-maximalism/
  21. https://www.theguardian.com/business/2021/oct/01/imf-warns-of-global-risks-from-unregulated-cryptocurrency-boom
  22. https://www.cryptelicious.com/2021/09/30/four-altcoins-surge-76-or-more-in-just-one-week-in-defiance-of-crypto-market-correction/
  23. https://alexandrialivingmagazine.com/where-credit-cards-meet-cryptocurrency/
  24. https://www.crowdfundinsider.com/2021/10/181052-flourish-crypto-to-help-rias-offer-crypto-investing-services/
  25. https://www.entrepreneur.com/article/384446
  26. https://captainaltcoin.com/how-to-store-bitcoin-on-usb/
  27. https://www.nextgov.com/emerging-tech/2021/10/senate-bill-would-direct-treasury-assess-crypto-mining-rates-and-uses/185747/
  28. https://www.coinspeaker.com/opera-near-protocol-crypto-wallet/
  29. https://news.yahoo.com/utopia-labs-building-operating-system-140059951.html
  30. https://www.theweek.in/news/world/2021/10/01/venezuela-introduces-new-digital-currency-drops-six-zeroes.html
  31. http://www.seychellesnewsagency.com/articles/15578/Nigeria+delays+launch+of+eNaira+digital+currency

How do you rate this article?


74

7

Allen Taylor
Allen Taylor

Writer, editor, publisher. Content strategist for fintech, blockchain, and crypto firms.


Cryptocracy
Cryptocracy

Hot news and analysis from the world of cryptocurrencies. No hype, just the facts plus a little snark. Delivered from an award-winning journalist, former newspaper editor, and world-class content strategist.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.