Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is set to hit a six-figure price in the current bullish cycle. The crypto analyst notes that after Bitcoin broke above the $55,000 price for the first time since May, the flagship crypto asset’s current support is around the $49,800 to $51,000 level. ADVERTISEMENT …
Monthly archives: October 2021
Altcoin Roundup: DEXs come to the rescue after China bans crypto
Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins …
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JPMorgan: BTC breaking $55,000 is fueled by institutional investors appetite for Bitcoin
The flagship digital asset, Bitcoin, in the last seven days has witnessed one of its best times in recent weeks with its value touching as high as $55,000 during the bull run. While many analysts are yet to place a finger on what triggered this run, a research note from a leading traditional bank, JPMorgan, …
Tether (USDT) responds to allegations of missing billions. Calls it “old news”
Bloomberg published an article on Thursday rehashing ongoing concerns about Tether and its 1:1 reserves. Per Tether’s website, every USDT token issued is fully backed by reserves, containing a mixture of reserve assets. “Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, …
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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors
Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in …
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Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community
Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative …
Has Binance Found a Location for Its Headquarters? Crypto Exchange Says This Country Is on Its Radar: Report
Leading cryptocurrency exchange Binance is looking at a potential place to maintain a physical headquarters as it transitions away from a decentralized structure. After months of scrutiny from global regulators regarding Binance’s operations, corporate registry documents now reveal that the company has registered three different firms in Ireland. ADVERTISEMENT In July, CEO Changpeng Zhao …
MoneyGram Launches New Partnership With This Crypto As Ripple Battles Through SEC Lawsuit
MoneyGram is officially moving on from Ripple. This week, the payments giant announced a new partnership with the Stellar Development Foundation to use the Stellar blockchain, a Ripple Labs competitor, to facilitate cross-border payments. ADVERTISEMENT MoneyGram’s payments on the Stellar blockchain will utilize the world’s second-largest stablecoin, Circle’s USD Coin (USDC). USDC will allow …
Movie Giant AMC Bringing Real-World Use Case to Dogecoin
Movie theater chain AMC says consumers can now purchase gift cards in crypto and use them at their venues. AMC chief executive officer Adam Aron tells his 187,000 Twitter followers that moviegoers can now load up gift cards with $200 worth of Dogecoin (DOGE) and other cryptocurrencies per day to use online and in physical …
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Moonstake Wallet Now Supports Staking of TRON (TRX)
Moonstake is now an official ‘super partner’ of TRON Network. Users can stake TRX to earn staking rewards on Moonstake web wallet and mobile wallet. Hold, send, receive and stake TRX to receive rewards with the best user experience through one single click. TRON became the 13th available staking coin on Moonstake. Moonstake started its …
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Building ‘OnlyFans on blockchain’ is a huge, untapped opportunity — Dfinity founder
Dfinity founder Dominic Williams believes content creation platforms like OnlyFans are ripe for disruption now that decentralized technologies have become mainstream. He’s inviting developers to build a blockchain-driven content platform on Internet Computer (ICP) — a powerful general-purpose blockchain launched by Dfiniity Foundation earlier this year. In an interview with Cointelegraph, Williams discussed recent attempts …
Price analysis 10/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI
Bitcoin’s (BTC) rally above $50,000 seems to have received a boost from institutional buyers who are looking to hedge their portfolio against increasing inflation, said JPMorgan in a note to its clients on Oct. 7. The bank’s analysts speculated that institutional investors may be preferring Bitcoin over gold as a better hedge against inflation. A …
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Powercrypto Holdings to launch BTC & ETH mining in Hong Kong
A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, has announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ether (ETH) in Hong Kong. The company plans to deploy a total of 2,600 first-grade mining rigs, comprising of 600 BTC mining machines operating at a hash rate of 60 …
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Ethereum risks drop below $3.2K as ETH price faces heavy resistance
Ethereum’s native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone. In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization …
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Benefits Of Cryptocurrency On Online Sports In The Middle East
The Bank of Israel announced a new and important technology venture with the launch of its digital shekel currency in July 2021. Following the example of Dubai’s first crypto listing on the Nasdaq Dubai, the Bank of Israel engaged in a new technology venture by launching a digital shekel currency in July 2021. The financial …
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