A top crypto analyst and economist is looking at fundamental factors which he says can determine whether Bitcoin will ascend to $100,000 by the end of the year. Alex Krüger tells his 95,000 Twitter followers that a $100,000 Bitcoin price tag in three months is a tough sell given the U.S. Federal Reserve Bank’s inclination …
Monthly archives: October 2021
Ripple Development Team Rolls Out Preview of Massive XRP Ledger Upgrade
Ripple’s development team is launching an engineering preview for a massive upgrade to the XRP Ledger (XRPL). The upgrade, first announced in June, will enable “federated sidechains.” Ripple says these sidechains could unleash decentralized finance (DeFi) and smart contracts across the broader XRP ecosystem without decreasing XRPL’s efficiency. ADVERTISEMENT The engineering preview lets developers view …
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Private distributed ledger technology or public blockchain?
Some people think that permissioned distributed ledger technology can perform better than open blockchain because it is tweaked to address the issues of the latter. Such systems are also called “permissioned blockchain,” as if blockchain is a high-level concept and “permissioned” is one of its variants. But this statement is controversial and down below, you …
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Three Altcoins Skyrocket As Bitcoin, Ethereum and Crypto Markets Bounce Back
Three emerging altcoin projects are skyrocketing as Bitcoin, Ethereum, and the entire crypto markets flash signs of strength. Axie (AXS), the governance token for the blockchain-based game Axie Infinity, is soaring after recording a seven-day low of $58.93, according to CoinGecko. ADVERTISEMENT AXS surged to a new all-time high of $120.91, marking a 105% …
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NFT for the win: Grandmaster Magnus Carlsen chases a nonfungible trophy
An international chess tournament, Meltwater Champions Chess Tour (MCCT), has announced to mint nonfungible token (NFT) trophies and collectibles for preserving the game‘s most defining moments for infinity. The winner of the MCCT will be awarded an NFT trophy, marking the mainstream crypto involvement from the international chess community. The tournament’s finals will see participation …
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Bitcoin investors ‘no longer fearful’ — watch this BTC price level next
Bitcoin (BTC) stayed higher on Oct. 2 after a “fantastic” break to the upside upended market sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $45,000 BTC price floor Data from Cointelegraph Markets Pro and TradingView followed eerie calm on BTC/USD after Friday’s sudden upside volatility saw $3,000 added in an hour. The classic “short …
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The focus of the blockchain climate discussion is missing the point
As the nonfungible tokens craze took off at the start of the year, many climate-conscious artists vocalized their disapproval of Ethereum’s energy consumption. In May, Elon Musk then derailed Bitcoin (BTC), citing the energy consumed by Bitcoin as cause for Tesla to withdraw its plans to accept BTC as payment for its electric cars. Both …
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Bitcoin Price Prediction: BTC/USD Spikes Above $48,000 Level
Bitcoin Price Prediction – October 1 The Bitcoin price prediction remains at the upside as the bulls are holding tight to the market after the coin touches the $43,287 support. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $40,000, $38,000, $36,000 BTCUSD – Daily Chart Buy Bitcoin Now …
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Bitcoin (BTC) Price Prediction: BTC/USD Rebounds Above $43k as It Resumes Upside Momentum
Bitcoin Sustains Recent Rallies as It Resumes Upside Momentum- September 30 As of September 30,BTC/USD – Daily Chart Buy Bitcoin Now On September 30, BTC price has begun the resumption of upside momentum. This has been made possible as price breaks above the moving average. As of September 30, the BTC price has risen to …
Bitcoin Price Prediction: BTC/USD Jumps to $48,000
Bitcoin Price Prediction – October 1 The Bitcoin price prediction shows that BTC revisits the resistance level of $48,000 as it targets a $52,000 high around the upper boundary of the channel. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $40,000, $43,000, $41,000 BTCUSD – Daily Chart Buy …
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5 Top Cryptocurrency to Buy for Long-Term Returns – October 2021 week 1
October is here, and it’s another period to consider the best long-term cryptocurrency. After mixed performances in September, crypto investors will hope to strike gold with their investment choices this month. To that end, we’ve selected some of the best long-term cryptocurrency options to buy as the tenth month of the year begins. Take a …
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Singapore Finance Authority Issues License to DBSV and Independent Reserve
The Monetary Authority of Singapore (MAS) has approved two companies in the country that deal in cryptocurrencies. Independent Reserve crypto exchange and DBS Vickers (DBSV) have received licenses issued on October 1. The licenses will allow the two firms to offer digital payment token services as detailed in the Payment Services Act (PS Act). Significant …
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Chivo Wallet Users in El Salvador to get a $0.20 Discount on Fuel
El Salvador’s initiative to have Bitcoin as legal tender has met major challenges, such as convincing Salvadorans to start using the currency. However, the government has taken several initiatives to encourage people to use Bitcoin and has recently announced that those who use the Chivo wallet will receive a discount on fuel prices. Chivo is …
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Visa Launches Layer 2 Payment Solution for CBDCs and Stablecoins
Visa, a credit card giant firm, has been making great strides in crypto adoption. The firm has now announced that its research and product team is working towards a new blockchain project dubbed Universal Payment Channel (UPC). The announcement made on September 30 by the Global CBDC Product Lead at Visa, Catherine Gu, stated that …
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DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown
A little over a week ago, China renewed its hostilities towards the crypto industry as it declared all crypto transactions within its jurisdiction “illegal.” This new regulation, while it has had some negative impacts on the price of the leading digital asset, Bitcoin, alongside other cryptocurrencies in the market, the winners in the current shakedown …
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