Widely followed on-chain analyst Willy Woo predicts Bitcoin will ‘go nuts’ in the coming months as long-term holders continue to accumulate the leading cryptocurrency. In a new episode of the What Bitcoin Did podcast, Woo says that long-term holders, or entities that have kept their BTC dormant for at least five months, will make their …
Monthly archives: August 2021
Retirees in El Salvador protest against Bitcoin adoption
Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of BTC as an official currency. El Salvador’s anti-Bitcoiners have expressed discontent regarding the government’s plans to adopt Bitcoin as legal tender, with hundreds of protesters marching through the capital …
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Three Arrows Capital execs launch NFT fund
Executives hailing from Singapore-based fund manager, Three Arrows Capital (3AC), have launched a fund focused on collecting premium digital art in the form of nonfungible tokens (NFTs). The fund, dubbed Starry Night Capital, was founded by Three Arrows Capital’s CEO, Su Zhu, 3AC co-founder, Kyle Davies, and the pseudonymous NFT collector, Vincent Van Dough. Van …
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Tezos Pops As Bitcoin Pushes Against $50K – eToro Crypto Roundup
NFT mania drives 35% gains for smart contract platform. After briefly crossing $50K, Bitcoin traded sideways last week as the crypto market fell into a late summer lull. Smart contract platforms, which are benefiting from the booming trade of collectible avatars in the NFT market, were the biggest gainers. Though Ethereum stayed flat, Cardano hit …
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SBF promotes efficiency of ‘misunderstood’ crypto derivatives
The chief executive of crypto derivatives exchange FTX, Sam Bankman-Fried (SBF), has argued that derivatives are vital for the efficiency of the digital asset markets. In an interview with Forbes published Aug. 30, the crypto billionaire claimed that crypto derivatives are “misunderstood,” asserting that critics fail to recognise the vital role derivatives play in bolstering …
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Institutions remain bullish on Cardano and Ether while BTC outflows persist
Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin. In its Digital Asset Fund Flows Weekly report on Aug. 30, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive week of …
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Users panic after Coinbase mistakenly sends 2FA reset notices to customers
Customers of leading U.S. crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating their two-factor authentication (2FA) settings had been changed. On Aug. 27, Coinbase accidentally sent the email to 125,000 of its customers, resulting in widespread public backlash. Coinbase took to Twitter on Aug. 29 to …
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IMF releases Bitcoin (BTC) ‘risk’ warning… again
Bitcoin (BTC), the world’s largest cryptocurrency, is getting adopted as a legal tender in El Salvador in eight days but as the Central American country goes through its final days of preparation, being eagerly observed by other countries, some of which are considering to follow in its footsteps, the International Monetary Fund (IMF) refreshes its …
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NFTs go wild as CryptoPunks hits $1 billion in lifetime sales
Just when you thought NFTs had died a death, a revival in Bitcoin has coincided with non-fungibles also coming back to life. This is all the more evident considering the buoyancy of major NFT collections of late, especially the CryptoPunks range. As reported by Tech Crunch, data from NFT industry aggregator CryptoSlam shows CryptoPunks’ lifetime …
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Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs
81 years ago on August 31, 1939, the company Marvel Comics was introduced to the world for the first time and people were presented with a whole universe of superheroes. In celebration of Marvel’s birthday and the firm’s collaboration with Veve Digital Collectibles, “Marvel Month” will conclude with special edition Captain America non-fungible token (NFT) …
Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH
Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.” Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley …
Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short
Billionaire hedge fund manager John Paulson, famed for making a fortune betting against the U.S. housing market, says that cryptocurrencies are a bubble that will prove to be “worthless.” While he sees unlimited downside to crypto, he will not short bitcoin, however. “Even though I could be right over the long term, in the short …
Producer Of Entourage Comes With First Ever Crypto Based TV Series – “Hold On for Dear Life”
“Hold On for Dear Life”. Yes, that is the name of the first-ever television series which is completely based on the cryptocurrency phenomenon. The new TV series will be produced by Rob Weiss, who previously had also produced the popular HBO TV Series named Entourage. The television series will be actually focussed on the recent …
Crypto Phenomenon Axie Infinity Records $800,000,000 in Revenue in Just 30 Days
Play-to-earn game Axie Infinity (AXS) has generated $800 million in revenue in a single month, highlighting the surging popularity of games based on non-fungible tokens (NFTs). The online game developed by Sky Mavis allows players to generate profits through buying, breeding and selling digital pets known as Axies. Each time an Axie is purchased, the …
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23yo Venezuelan allegedly steals $1m in BTC from clients after faked abduction
Venezuelan authorities are on the lookout for a scammer accused of disappearing with 23.66 Bitcoin (BTC) worth $1.15 million from his clients’ accounts after faking his own kidnapping. On Aug. 29th, Douglas Rico, director of Venezuela’s Scientific, Criminal and Criminal Investigations Corps (CICPC) issued a statement asserting that 23-year-old, Andrés Jesús Dos Santos Hernández, was …
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