RoundlyX, started in 2017 by Andrew Elliott and Will Trible with the goal of providing infrastructure for retail investors interested in the then emerging investment class of digital assets, simplifies the entire process. Users sign up, connect their RoundlyX account to Plaid (a fintech company that specializes in securely connecting their customer’s financial accounts to various services and apps) then simply log into their RoundlyX exchange account to get started on their investment journey. The entire sign-up process takes about three minutes from the creation of a new RoundlyX account to registration.
Joe Biden has just passed a long-awaited executive order on digital assets. This executive order is finally very balanced since it is very gentle on the different parties that oppose the subject of Bitcoin and cryptocurrencies. Opponents will be pleased to see that this executive order mentions the dangers and risks of this new world, but also the need to make it compatible with the fight against climate change.
In a move to curb soaring inflation, the Federal Reserve has decided to raise interest rates for the first time since 2018 with many economists anticipating further hikes throughout the year.
Bitcoin has outpaced both gold and the stock market in recent trading sessions, becoming investors preferred wartime investment. While the world nervously watches and waits for the next development in Ukraine and a crypto executive order by the U.S. President Joe Biden, Bitcoin and many altcoins have rallied.
Selling pressure continues to mount for weak-handed Bitcoin investors as the crypto market slump continues dragging the price of BTC down to $41,175.84 Friday morning, representing more than a 30% drop from its all-time high of $69,000 reached in November. Concurrently, whales are seizing this opportunity to accumulate Bitcoin at a discount in anticipation of a near-term rebound.
BTCS, a leader in the blockchain and digital currency field, represents the first U.S. publicly traded company fully focused on blockchain infrastructure and technology. BTCS, also known as The Company, secures Proof-of-Stake blockchains by actively processing and validating transactions and is rewarded with native digital tokens. They are also actively developing a Staking-as-a-Service platform which will grant users the ability to stake the various supported cryptocurrencies through a non-custodial platform. BTCS plans to integrate its staking program with its Data Analytics Dashboard, which is now in beta release. Currently supporting six exchanges and over 800 digital assets with its Data Analytics Program, The Company plans to further broaden its suite of performance-tracking tools, add additional centralized and decentralized exchanges, introduce digital wallets, and allow stake pool monitoring. On top of all that, BTCS just announced the first-ever dividend payable in Bitcoin by a Nasdaq-listed company, referred to as a Bividend.
Russia has officially entered into the crypto ring as news broke that the largest bank within the Russian Federation, Sberbank, has created a blockchain exchange-traded fund (ETF) tracking some of the biggest players in the blockchain industry. The fund, which is named Sberbank – Blockchain Economy, will reportedly trade on the Russian stock market under the ticker symbol SBBE and is the first such product to become available in Russia, giving locals the freedom to enter into the digital asset market without having to purchase, store, or sell tokens.
A troubling trend has surfaced in El Salvador over the past few weeks as citizens have been posting about the mysterious loss of funds from their Chivo wallets. El Salvador adopted one of the world’s most crypto friendly stances when the government announced in September that Bitcoin would be accepted as a legal tender, along with awarding fractional shares of Bitcoin, approximately worth $30, to all citizens who signed up for the government’s preferred digital wallet, Chivo.
Bitcoin (BTC) broke past several key areas of resistance in the past 24 hours while quickly climbing from a low of $48,250 to a high of $51,527.62 whike flashing positive signs that there could be more gains ahead.
NYDIG, a subsidiary of Stone Ridge and emerging crypto leader, just completed a massive $1 billion funding round that has raised the company’s total valuation to just over $7 billion.