Despite the recent breakouts to the $40,000 level, Bitcoin (BTC) price could still face downward pressure in August. The 42% rally in late July effectively inspired some optimistic short-term options bets but the initial data largely favors the neutral-to-bullish call options, and failure to sustain $40,000 has significantly reduced this advantage. A good deal of …
Continue reading “Bitcoin bulls overtake the $40K barrier ahead of Friday’s $625M options expiry”
On-chain analyst Willy Woo says that Bitcoin (BTC) has entered a period of “maximum noobishness.” Woo tells Scott Melker in a new interview that BTC is now in a zone where the “smart money” has essentially stopped selling. ADVERTISEMENT The coins that are currently moving among investors are “young” assets that were recently acquired, …
Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the United States Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a tweet today, Portman encouraged his colleagues in the Senate to vote on an amendment proposed this week by Ron Wyden, Cynthia …
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Bitcoin Price Prediction – August 5 The Bitcoin price prediction shows that BTC remains below the moving averages, trading at $53,366 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000 $48,000 Support Levels: $34,000, $32,000, $30,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently facing a setback as this …
Continue reading “Bitcoin Price Prediction: BTC/USD Bears Demolish $38,000 Support”
So far, 2021 has been a stand-out year for Cardano. Having started the year at $0.18, the number five cryptocurrency enjoyed a strong surge taking its price to an all-time high of $2.50 by mid-May, a +1,288% gain. Even during the FUD-induced downturn that followed, Cardano faired better than most others. Still experiencing a 64% …
Continue reading “Cardano (ADA) founder teases announcement of smart contract rollout date”
In her interview with Bloomberg, Senator Elizabeth Warren warned about major risks surrounding the ongoing expansion of crypto as she called for stricter market regulation. While admitting that the biggest upside to crypto could be a democratization of access to the financial system, she warned that, if left unregulated, cryptocurrencies pose a systemic threat and …
Continue reading “Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong”
On Thursday, the non-fungible token (NFT) platform and digital art gallery backed by Mark Cuban announced the project has integrated with Polygon. The platform allows anyone to showcase NFTs by leveraging a unique lazy URL to social media profiles, and the integration announcement highlights the protocol is now live on Polygon mainnet. Lazy.com Joins Polygon …
press release PRESS RELEASE. Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion. 5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media platform Torum has released its H2 strategic ecosystem expansion plan, …
On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one …
Continue reading “Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum”
The Federal Financial Monitoring Service of Russia is going to start tracking cryptocurrency transactions. The agency has already selected a contractor to develop the platform. The entity is affiliated with one of Russia’s largest financial institutions, Sberbank. Rosfinmonitoring to Keep Record of Cryptocurrency Wallets Used for Illicit Purposes Russia’s financial watchdog, Rosfinmonitoring, has selected a …
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Uniswap Price Prediction – August 5The UNI/USD financial record has booked it that the crypto’s price serially surges northward. The market now trades around the level of $24, bagging a percentage trading rate of 4.31. UNI/USD Market Key Levels:Resistance levels: $25, $30, $35Support levels: $20, $17, $14 UNI/USD – Daily ChartThe UNI/USD daily chart showcases …
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Looking for the best cryptocurrency to buy? Now that the crypto market is estimated to be on a path to recovery, it should be easier to buy digital assets. In this roundup, we list the best cryptocurrency to buy for massive gains this week. 1. Theta (THETA) Starting off our list is the THETA coin. …
Continue reading “5 Best Cryptocurrency To Buy For The Recovery August 2021 Week 1”
The crypto market has made solid gains in the past two weeks. Bitcoin seems to be in a consolidation phase after facing rejection at $40K. However, ethereum is still gaining, and it is leading altcoins in making significant gains. The token has managed to go up by over 30% in the past month. Ethereum is …
Continue reading “Ethereum Price Up 8.1% to $2657.91 – Where to Buy ETH”
Compound is a leading DeFi lending platform. The growth in Compound and other DeFi lending platforms like Aavegotchi has raised attention from regulators. The US Securities and Exchange Commission (SEC) is now shifting its focus towards this rapidly growing sector. Nevertheless, decentralized finance remains one of the leading innovations in the crypto sector. Compound is …
Continue reading “Compound Price Up 13.8% to $449.45 – Where to Buy COMP”
An independent investment firm with more than 86 years of experience providing exchange-traded funds (ETFs) just filed for a Bitcoin ETF in the US. Founded in 1935, Atlanta-based Invesco is an independent investment firm that currently oversees more than $1.5 trillion in assets under management and provides 233 different ETFs in the US for investors …
Continue reading “Investing Giant Managing $1.5 Trillion in Assets Files for Bitcoin ETF”
