Bitwise Launches Defi Crypto Index Fund Tailor-made for Institutions

In brief: Bitwise has launched a new Defi crypto index fund for accredited investors to gain exposure to the sector The DeFi index includes UNI, AAVE, SNX, MKR, COMP, UMA, YFI, ZRX and LRC in weighted proportions The fund’s custodian is Anchorage Digital Bank which is the first federally chartered digital asset bank Institutional investors can now access DeFi tokens thanks to a new crypto index fund by Bitwise Asset Management. The latter firm is the creator of the Bitwise 10 Crypto Index Fund, which is the largest in the…

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Bitcoin’s Dominance Exceeding 63% Could Put a Dent on Alt-Season

Quick take: Bitcoin’s dominance has fallen consistently since the beginning of 2021 BTC’s dominance fell from 73% to 59% allowing alt-coins to thrive Bitcoin’s dominance is now battling to regain the crucial 63% that could see BTC back in full control of the crypto markets Bitcoin is at the cusp of confidently breaking $50k and pushing harder to $60k The King of Crypto, als0 known as Bitcoin, has broken the $50k price ceiling with gusto and looks set to once again print new all-time highs on its path to $60k.…

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Meeting with a Visionary | Oduwa Coin Creator and Indigenous Cryptocurrency Innovator, Mr. Bright Enabulele

SHERIDAN, WY / February 17, 2021 / With an aim to become the new voice of Africa and help its beautiful people become financially mature, literate, and achieve independence from everyday problems, Mr.Enabulele has developed a unique and specific platform called Oduwa Coin. The Creation of Oduwa Coin Mankind has always progressed with innovations and advancements. Blockchain technology has brought several new possibilities to the world. Innovators like Mr. Bright Enabulele have been a vital part of these developments bringing people, untouched by the benefits of cryptocurrency to the mainstream. Today we…

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CME Ethereum Futures Daily Trade Volume Hits $75.8M, OI Rises to $62M

In brief: The daily trade volume of the CME Ethereum futures hits $75.8M 9 days after launch Open interest on the CME Ethereum futures has hit $62M These numbers point towards institutional demand for Ethereum trading products Grayscale has accumulated 194,522 ETH in the last 30 days further confirming institutional demand It has been roughly nine days since the CME Ethereum futures were launched, and the derivatives product is gaining popularity amongst institutional investors. This is according to an analysis by the team at Glassnode that pointed out that the…

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Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. Somesing: A Blockchain-Based Karaoke App Per Fn News, Somesing, a blockchain-based karaoke app, already hit the 400,000 users’ milestone. The figure is significant, considering that it’s doubling the user base (195,000) for the last six months. Karaoke’s hobby is like the norm in several Asian countries, and the coronavirus pandemic knocked…

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Arcade classic Street Fighter II launches NFTs on WAX blockchain

It’s shaping up to be the year in which NFTs go mainstream, thanks to successful releases by a number of household names. Video game developer Capcom is the latest pop culture brand to enter the crypto collectibles space, launching a series of Street Fighter II-inspired NFTs on the WAX blockchain on Feb. 18.  The digital trading cards feature renderings of characters from the ever-popular arcade game, first released 30 years ago in 1991. DATE CONFIRMED: Official @StreetFighter will arrive on February 18th @ 12pm EST on the WAX #Blockchain! Are…

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