Post-crash prices give investors a chance to build a diversified portfolio

Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building a balanced portfolio. Typical allocations include representation of stocks, government and corporate bonds, commodities and real estate. Now that the cryptocurrency market has grown to a multitrillion-dollar ecosystem with numerous emerging assets, clear sectors are…

To IPO or Not to IPO? SPAC is the question

An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger By Connor Sephton If you want to sell stock in an American company to the public, traditionally you hold an initial public offering, better known as an IPO.  An IPO starts with the long, arduous, and expensive process of filing an S-1 Registration Statement with the Securities and Exchange Commission (SEC).  Of course, the purpose of an S-1 is to make sure companies are…

US Congressman expresses importance of crypto wallet privacy

At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets.  “At the end of the year, if you think about it, Secretary Mnuchin was talking about banning private wallets,” Davidson said, responding to a question about the possibility of over-regulation in crypto. “That’s a horrible approach,” he added. “If we don’t protect private wallets, someone is going to try to ban them.”…

Ethereum options data shows traders’ mixed opinions on ETH’s future

After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%. DeFi growth supports higher Ether prices Another positive factor is that DeFi protocols maintain…

Here’s what you missed so far

The first official day of the Bitcoin 2021 conference in Miami, Florida yielded no shortage of newsworthy events. Thousands of conference-goers came together to take in speeches, interviews and panels from a wide array of guests, such as Miami mayor Francis Suarez, who spoke about the city’s efforts “to create the Bitcoin, blockchain and mining capital of the world.” Suarez’s track record is filled with various forms of involvement in the crypto and blockchain space, as he noted in his speech.  “The days of a currency being tethered to a…

To ICO or to IDO? That is the question

Initial DEX offerings are the new initial coin offerings. So, what’s the difference between an IDO and an ICO, other than that one letter?  A lot actually.  In some ways, ICOs and IDOs have more in common with each other than they do with initial exchange offerings, which have more than a few features of the traditional initial public offering of stock markets. While IDOs and IEOs are both listed directly on exchanges — decentralized exchanges, or DEXs, in the case of the former and centralized exchanges for the latter…

Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown

When it comes to China, few things are crystal clear, and the nation’s recent crackdown on crypto mining is no exception. The State Council’s Financial Stability and Development Committee reported on May 21 that it is curtailing Bitcoin (BTC) mining amid financial risk concerns, which prompted the South China Morning Post to proclaim that “China’s place at the centre of global bitcoin mining is fading.”  “We are seeing the cryptocurrency market enter a path to ‘de-China-isation’ — first on trading and now on computing power, based on a series of…

Jack Dorsey outlines Square’s tentative plans for Bitcoin hardware wallet

Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments.  “Square is considering making a hardware wallet for Bitcoin,” CEO and co-founder Jack Dorsey tweeted Friday. “If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community.” Square is considering making a hardware wallet for #bitcoin. If we do it, we would build it entirely in the open,…

Forget Elon, here’s why Bitcoin traders should be watching the US Dollar Index instead

Bitcoin (BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk’s cryptic tweets on the cryptocurrency, raising speculation that the Tesla CEO might dump the firm’s remaining 43,2000 BTC stash. #Bitcoin pic.twitter.com/lNnEfMdtJf — Elon Musk (@elonmusk) June 4, 2021 Nonetheless, Bitcoin’s move downside also coincided with a big spike in the U.S. dollar index (DXY), raising speculation that more than one factor accelerated the cryptocurrency’s dramatic plunge during the late Thursday and early Friday session. In retrospect, the…