Prominent analyst Will Clemente is looking at the on-chain data of Bitcoin to see whether the BTC market is undergoing a major shift in trend. In a new installment of the Blockware Intelligence newsletter, Clemente says that Bitcoin’s abrupt drop wiped out billions of dollars worth of leveraged positions. ADVERTISEMENT “As one trader’s forced …
Monthly archives: September 2021
NFT company Recur reaches $333M valuation following Steve Cohen-backed fundraiser
NFT company Recur has seen its valuation swell to $333 million after concluding a successful investment round endorsed by billionaire Steve Cohen’s family office. The Series A raised $50 million, mainly through contributions from the Cohen-backed investment platform Digital, according to a statement. Some of Recur’s previous investors include Hashed, Gemini, CMT Digital, JST Capital …
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Tezos risks correction below record high with XTZ rallying 250% since July
A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern. Dubbed as the “ascending broadening wedge,” the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas Bulkowski, these wedges tell less about buying exhaustion and more about sellers’ ambition …
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Law Decoded: The aftermath of El Salvador’s pioneering move, Sept. 6-13
Too much is happening in the realm of crypto policy and regulation to leave the biggest developments of each week without a roundup and at least some conceptual reflection. Starting today, we are getting back to decoding crypto law and everything around it that is worth decoding. Who’s next to follow El Salvador? Eyeballs galore …
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Fake news: Litecoin price surges 35% following Walmart adoption hoax
The price of Litecoin (LTC) rose to more than $237 earlier on Monday following erroneous reports from major news outlets that United States retailer Walmart would be introducing a payment option for the cryptocurrency on all of its e-commerce websites. CNBC, Reuters, Decrypt and others reported on Monday that Walmart planned to have a “Pay …
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Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at …
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Walmart and Litecoin Payment News Debunked by Walmart Spokesperson, LTC Prices Shudder from Fake News
On Monday, September 13, a press release was published by globenewswire.com and said it was connected to “Walmart Inc,” the American multinational retail corporation. Several mainstream media outlets published stories about it including Reuters, Bloomberg, and CNBC. Not too long after these reports were published, the press release was verified as being “not authentic” by …
Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% Cheaper
At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees have subsided to a …
BitYard Has Partnered With Banxa to Expand Fiat Money Deposit Methods Supporting Major Currencies
press release PRESS RELEASE. BitYard, a Singapore-based cryptocurrency derivatives exchange, is continuously improving its trading services in response to the changing needs of global investors. Recently, the exchange has partnered with Banxa, the world-leading payment service provider (PSP) for the digital asset industry, to provide more convenient fiat deposit methods supporting 13 of the world’s …
Sweden’s Central Bank Governor Warns of Bitcoin Collapse, Says BTC Is Like ‘Trading Stamps’
The governor of Sveriges Riksbank, Sweden’s central bank, is skeptical of Bitcoin and foresees a potential collapse looming in the flagship crypto’s future. During a banking conference in Stockholm, Stefan Ingves says that private money like Bitcoin and other cryptocurrencies “usually collapses sooner or later” as they don’t have the backing of a government ADVERTISEMENT …
Crypto Whales Bought the Recent Bitcoin Dip, According to On-Chain Analyst Willy Woo
Widely followed on-chain analyst Willy Woo says that whales, or entities holding 1,000 BTC or more, bought Bitcoin during the recent correction rather than sold. The popular analyst tells his 718,000 followers that Bitcoin’s most recent downturn had little to do with whales selling their crypto. ADVERTISEMENT “Contrary to common opinion, that latest price …
Bitcoin tests key level for $40K BTC price dip as altcoins bleed
Bitcoin (BTC) fell further at the start of the new week as a lack of bullish momentum sparked new lows near $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin threatens loss of $44,000 “demand zone” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing levels that analysts demand should stay as support. After …
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El Salvador’s Bitcoin day: The first of many or a one-off?
On Sept. 7, in a historic first, the small Central American nation of El Salvador adopted Bitcoin as legal tender. The true significance of this day for how people all around the world exchange value and what meaning they ascribe to the concept of money will take quite some time to reify and be fully …
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BREAKING: Coinbase plans to raise $1.5B via debt offering
Coinbase, the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced Monday. The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company’s balance sheet for general corporate purposes as well as potential investments and acquisitions of other companies, …
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MicroStrategy doles out $240M on additional Bitcoin purchase
Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form 8-K filing with the United States Securities and Exchange Commission …
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