Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity with the one in June through December 2019. 2019 Bitcoin fractal In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower for the remainder of the year on profit-taking sentiment, and as well as FUD sparked …
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About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China to Europe, and to secure a great source …
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A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related companies. Thailand’s Regulator Files Criminal Complaint The Thai Securities and Exchange Commission announced …
Global investment bank JPMorgan has predicted that the bitcoin price slump will likely be over when the cryptocurrency’s dominance rises back above 50%. “I think that’s another indicator to watch here in terms of whether this bear phase is over or not,” the firm’s analyst explained. JPMorgan’s Bitcoin Market Prediction JPMorgan analyst Nikolaos Panigirtzoglou has …
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The Bank for International Settlements (BIS) says rich and educated investors prefer buying two large-cap altcoins over Bitcoin (BTC). In a new report, the global financial entity owned by central banks looks at investor activity in the crypto space, broken down by education and income level. ADVERTISEMENT “Among the various cryptocurrencies, owners of XRP …
Crypto trader Tyler Swope predicts a billion-dollar deluge of capital will flow into two digital assets, allowing them lead the way in the next altcoin boom. The host of Chico Crypto tells his 255,000 YouTube subscribers that Compound Finance (COMP) is likely to move much higher on the list of crypto assets by market cap. …
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital Large Cap Fund (OTCQX: GDLC). Grayscale described this fund as “a passive, rules-based strategy …
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In 2021, there’s been a plethora of cryptocurrency-related announcements about professional sports teams, leagues, and famous athletes. On July 1, the National Basketball Association’s (NBA) Portland Trail Blazers announced the professional basketball team has partnered with the cashback blockchain firm Stormx. Portland Trail Blazers Uniforms to Feature Crypto Cashback Firm’s Logo The NBA’s Trail Blazers …
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On-chain analyst Will Clemente says retail traders are buying BTC – but can’t mount a sustainable rally on their own. Clemente is breaking down the notion that retail buyers caused the 50% sell-off in Bitcoin’s price. ADVERTISEMENT According to the analyst, retail holders have actually been adding to their positions aggressively while whales are …
A crypto entrepreneur says he’s giving away 1 million of his personal Dogecoin (DOGE) holdings today, worth over $240,000. It’s part of a push to promote the beta launch of an augmented reality game called The Million Doge Disco. ADVERTISEMENT Million Doge Disco gives players a chance to obtain a Disco Doge non-fungible token …
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin mining difficulty just fell by a record 28% — …
Whales can be bashful and clever creatures, but when you manage to catch one in action it’s a sight to behold — consider, for instance, the single entity responsible for depositing 100k ETH into the Eth 2.0 deposit contract from 133 different addresses last week. Deposits into the ETH 2.0 staking contract have been picking …
Continue reading “Finance Redefined: The $500 million bet on ETH 2.0 making waves! June 24-July 1”
A new Dogecoin spinoff more than doubled in price after Tesla CEO Elon Musk gave the altcoin a shout-out on Twitter. Musk has become a primary influencer of cryptocurrency moves in recent months, as price volatility spikes often follow his tweets about various coins. ADVERTISEMENT On Thursday, Musk once again turned his attention to …
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Mizuho stock analyst Dan Dolev says he’s not bullish on Coinbase (COIN) due to concerns about the state of the crypto markets. Speaking on CNBC, Dolev says he foresees a “lingering crypto winter” that will lead to depressed revenues for the top US crypto exchange. ADVERTISEMENT “They [Coinbase] make a lot of money when …
In the whirl of excitement and debate over where cryptocurrencies are going and whether they are legitimate, sustainable and prudent investments, there is an overshadowed conversation of interest to those in marketing: Are Bitcoin (BTC), Ether (ETH), Cardano’s ADA, Litecoin (LTC), XRP, Dogecoin (DOGE), etc., crypto brands? And, if so, how are those brands created, …
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