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TL;DR Breakdown: XRP was designed to become a better cryptocurrency in terms of standard and security, according to Ripple. The SEC has presently caused more than $15 Billion in damages to XRP holders. XRP holders may be in a lot of trouble according to recent reports. Ripple labs in response to the lawsuit complaint filed […]
Decentralized finance shortened as DeFi is a cutting-edge hybrid of finance and technology wherein localized financial mediators are eliminated from orthodox monetary contracts. Programmed software is utilized in DeFi to initiate, record, and implement pecuniary transactions. Blockchains such as Bitcoin and Ethereum are common currencies utilized on these cryptographic smart-contracts. The ever-dynamic world of the […]
The next generation of web platforms is beginning to emerge, as the explosion in demand for DeFi projects demonstrates. Unfortunately, as the high gas fees and scaling issues plaguing Ethereum have shown, there are currently limitations to innovation and adoption. The technology behind Metis, however, enables a true breakthrough in blockchain business operations, allowing companies to easily launch decentralized companies with a full suite of management and community governance tools. Through the Layer 2 framework, Metis […]
The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review. Lawmakers Urge Greater Crypto Appeal Despite Purported Costs Motivated by the explosive […]
Large crypto holders are moving massive amounts of Bitcoin amid the market downturn. A total of $1.45 billion has been transferred in just 24-hours, according to blockchain tracker Whale Alert. The biggest movement sent 13,071 BTC worth $673.8 million in a single transaction. The giant Bitcoin holder in question moved the flagship crypto-asset between two […]
Dallas Mavericks, an American professional basketball team, has revealed that it would start to accept cryptocurrency dogecoin for tickets and merchandise. Dogecoin is not only posting strong price gains, but its adoption has increased in recent months as well. BitPay, a US-based crypto payments company, announced the rollout of Dogecoin payments for merchants and consumers. […]
Summary: 141,486 traders have been liquidated in the last 24 hours The largest liquidation was a Polkadot trade on Binance worth $37.33 million A total of $780.92 million has been liquidated in the last 24 hours March is living up to its expectation of being a red month A quick glance at Coinmarketcap reveals that a majority of digital assets are in the red with Bitcoin leading the pack after losing 4.52% of its value in the last 24 hours. […]
Bitcoin‘s characteristics and its recent price rally have both contributed to companies gravitating towards it, with Tesla, the prominent American electric vehicle and clean energy company, being one of them. In fact, CEO Elon Musk’s support for Bitcoin may have also prompted the company to include Bitcoin in its portfolio. However, with the cryptocurrency market […]
Ethereum’s next resistance lies at $1,600 and yesterday, March 4th, it extended its price to $1,625. ETH/USD since it’s still trading well above the 100 hourly Simple moving average. Technicals indicate a +2.63% increase on the 5-days moving average and +285.87% change on the 100-days moving average. If the coin crosses the $1500 support, all […]
Bitcoin cash price is struggling to clear the $550 resistance zone against the US Dollar. The price is now trading below $500 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $525 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase)....
U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive officer Austin Woodward said the funds will be invested in […]
Bitcoin price failed to stay in the positive zone above USD 50,000. BTC extended its decline below the USD 48,000 support zone. It even tested the USD 46,200 support zone and it is currently (05:00 UTC) struggling to start a steady recovery wave.Similarly, most major altcoins are moving lower. ETH broke the USD 1,500 support and tested the USD 1,450 zone. Conversely, XRP/USD is up 4% and it is
Kentucky senator Brandon Smith has said that incentives aimed at clean energy facilities should be extended to cover eligible block reward mining firms in a move that could help improve the environmental impact of digital currency mining. The senator brought forward the measures in a bill submitted to the state Senate earlier this month, which […]
Bitcoin (BTC) and the overall cryptocurrency market are once again under pressure. At press time, Bitcoin (BTC) is down 7.13% trading at $47,150 levels and market cap slipping below $900 billion. After taking a momentary dip below sub $44,000 levels last Sunday, February 28, Bitcoin (BTC) once again bounced to its all-time high above $52,000
They say that when you buy a Louis Vuitton you don’t just buy an item of good quality. Of course, ​the leather is soft, the logo is flashy and the price tag can be off-putting. However, you also buy the service that comes with it. Knowing that your precious boots or a backpack can be […]
Ethereum engages strong reverse gears as declines remain unstoppable. Investors brace for a rollercoaster as overhead pressure intensifies on account of a double-top pattern. Ether must regain the ground above $1,500 and association the 50 SMA to come out of the woods. Ethereum’s recovery from the dip under $1,300 at the beginning of the week
Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000. Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop. The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation. Bitcoin continues to explore price levels under $50,000 following a recent rejection at $52,000. Initially,
TL;DR Breakdown Bitcoin price sheds over 7 percent from yesterday’s $52,500 high BTC/USD pair is currently trading at $46,613 Bitcoin follows in the direction of Wall Street Bitcoin Price Prediction: General price overview Bitcoin price established a solid support near the $43,000 and $44,000 area at the beginning of the week after dropping sharply from […]
Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, now regrets not buying bitcoin. However, he is still worried that governments can outlaw bitcoin if it becomes a viable currency. Jim Rogers’ Bitcoin Regret Jim Rogers said in an interview with Real Vision this week that he wished he had […]
A South Korean regulator has warned of a wrinkle in forthcoming crypto exchange-governing – just days from its promulgation. At worst, the issue could leave sensitive data about customers compromised due to a legal problem.As previously reported, a key amendment to the existing Act on Reporting and Use of Certain Financial Transaction Information will come into force
Mizuho has published takeaways from a "Payments 2030" speaker series visit with 2020 star stock picker Cathie Wood, of ARK Investment Management - who shared strong views about the future of payments and innovations changing the landscape and selecting future winners. (Among her other funds, Wood oversees the Ark Fintech Innovation ETF (ARKF)). Bitcoin ([[BTC-USD]]) had already made the grade as one of Ark's five big ideas for the year. Now she's pointing to analysis saying that if institutional investors allocate between 2.5% and 6.5% of portfolios to cryptocurrency, it would potentially add $200,000-$500,000 to the currency's price. But straight-up investment return isn't the only reason to own bitcoin, she says. The currency also offers purchasing power to companies if cash deteriorates; it makes doing business easier in markets where transacting could be difficult (say, due to corrupt governments or weak ecosystems); and it's an insurance policy against confiscation of
The pseudonymous host of Coin Bureau says he’s excited about an up-and-coming decentralized payments platform. Created by Korean blockchain company Terraform Labs, Terra utilizes stablecoins pegged to different fiat currencies to facilitate payments. By partnering with protocols that leverage their U.S dollar-pegged stablecoin UST, Coin Bureau says that Terra’s UST has been able to double […]
Canada’s first bitcoin exchange-traded fund (ETF) was released to the public not too long ago. The idea of a bitcoin-based ETF had been in the back of investors’ minds for some time, and now that the product has been unveiled, it looks like many fantasies are becoming real, but is it possible that the product...
Volatility is a huge risk factor and source of inefficiency.Safety is a real issue.Unmanaged, largely unregulated nature present additional risks.Greater regulation of cryptocurrencies appears likely.Central bank backed digital currencies could derail cryptocurrencies.
Galaxy Digital founder Mike Novogratz has noticed “something different” going on with the crypto markets overall. Tweeting on 4 March, the Bitcoin maximalist believed that financial markets are amid a “giant paradigm shift” as institutions begin to invest in digital currencies. According to Novogratz, the whole world “just decided” that cryptocurrency is indeed an asset […]
Crypto merchant service provider Bitpay has added dogecoin to its list of supported cryptocurrencies. One of its merchants, the Mark Cuban-owned Dallas Mavericks has become the first in the network to accept the meme coin. Meanwhile, a major crypto ATM operator Coinflip has made dogecoin available for purchase at its 1,800 crypto ATMs nationwide. Dogecoin […]
The CEO of Ripple, Brad Garlinghouse is filing for a motion to dismiss the SEC lawsuit against himself and Ripple. This is according to a copy of a letter written by Garlinghouse’s lawyer stating that he intends to file a dismissal motion for the case. The letter claims that the case was nothing but a […]
It’s not just a demand and supply narrative that will propel Bitcoin’s price to $100,000. In addition to this popular theory, William Quigley, who is the co-founder of Magnetic shared another reason why markets can expect a higher BTC price range. In a recent interview with CNN Business, Quigley stated that markets are in a […]
Crypto lending platform BlockFi is now offering interest payments to investors who deposit Chainlink (LINK). Currently, BlockFi offers interest on Bitcoin, Ethereum and stablecoins. According to CEO and co-founder Zac Prince, $35 million worth of interest payments were distributed to investors in February alone. BlockFi announced on Twitter the service is being extended to Chainlink. […]
Bitcoin price dropped by over 6% today, losing over $5K from its value since the high reached just yesterday at $52,500. Quick recap: BTC had found solid support at the $43K – $44K area during the start of the week following a sharp decline from the ATH level of $58,000 reached just the week before. […]
Luis Brandao-Marques is a Senior Economist in the Global Financial Stability Analysis Division in the Monetary and Capital Markets Department of the International Monetary Fund (IMF). Gaston Gelos is Assistant Director in the IMF’s Monetary and Capital Markets Department, where he heads the Monetary and Macroprudential Policies Division.________Interest rates are
Twin letters filed in federal court indicate that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen will seek a dismissal of the Securities and Exchange Commission's ongoing lawsuit.
It looks like the trouble bitcoin has been experiencing as of late is coming to an end. The world’s number one digital currency by market cap has been traversing the doldrums as of late, falling even further into the mid-$40,000 range, though at the time of writing, things have improved somewhat. The currency is back...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink’s price registered quite a lot of sideways price movement towards the end of February. However, over the last few days, LINK has been able to initiate an uptrend on the charts. At […]
Blockchain developer Dan Larimer is announcing Clarion, a new crypto project that aims to provide a decentralized social networking experience. Larimer created the crypto platform EOS in 2017, which raked in an historic $4.1 billion in its initial coin offering (ICO). He says that Clarion will offer a revamped solution to the problem of creating […]
TL;DR Breakdown Crypto.com proposes to invest $200 million in the seed and Series A funding rounds of crypto startup companies. The CEO revealed that the platform aims to build lasting partnerships with entrepreneurs in the crypto space. Crypto.com proposes to invest in crypto startups A crypto retail platform, Crypto.com, recently announced that it would be […]
Just as MicroStrategy (MSTR) stock more than outpaced bitcoin's climb earlier this year, so is it falling faster than the crypto's price in Thursday's action.MSTR falls 13% in midafternoon trading vs. bitcoin's 5.6% fall (to ~$48K).The dip may be an aberration if Jesse Powell, CEO of crypto exchange Kraken, proves correct. He told Bloomberg News that bitcoin reaching $1M in 10 years would be reasonable.And eventually, markets may give up pricing it in U.S. dollars. "I think people are going to start measuring the price of things in bitcoin," Powell said.Meanwhile, Grayscale Bitcoin Trust ([[GBTC]] -10.8%), which only holds bitcoin, consistently trades at a discount to bitcoin as seen in chart below.
Beijing-based Bitcoin mining company, Bitmain has officially replaced its general manager and executive director. The legal representative of Bitmain is now Micree Zhan after its former CEO Jihan Wu withdrew from the position. The official transition took place earlier today, with the same a result of an agreement reached by the two founders in December […]
It shows that bitcoin is the most sizzling new asset in town as everyone, from the legions of new retail investors to Wall Street big wigs, is snatching up bitcoin as fast as possible. For many, the recent bull run that saw the bitcoin price come firmly close to $60,000 is an indication that the […]
The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’ Minimum Annual Income Rule, Claims the SEC According to the Bangkok Post, the Thai SEC is retracting from […]
The survey results suggest Bitcoin’s reputation is shifting to a legitimate currency in the minds of investors, but the coin hasn’t lost its association with crime.
Dallas Mavericks, the NBA team owned by billionaire Mark Cuban has become the first professional sports team to accept Dogecoin as a form of payment. The basketball team was already accepting Bitcoin and going by Cuban’s word, the team did not receive any significant payment in Bitcoin. While many were wondering the reason behind the
Entrepreneur Mark Cuban who owns Dallas Mavericks has recently been bullish on matters of cryptocurrencies and blockchain. The Shark Tank host recently declared his fondness for the Ethereum Network and said that Bitcoin is better than gold. But now, he may be warming up to another popular cryptocurrency. Cuban’s NBA team which currently accepts Bitcoin […]