A popular crypto trader and analyst is predicting Bitcoin’s (BTC) upcoming price action will mirror the chart of one explosively successful altcoin. The pseudonymous trader known as Kaleo tells his 388,400 Twitter followers to stack BTC and compares Bitcoin’s chart to the smart contract platform Terra (LUNA). ADVERTISEMENT $LUNA vs. $BTC Remember the big …
Monthly archives: October 2021
U.S. Mayor Preparing To Airdrop $1,000 in Bitcoin to All of His Constituents
The mayor of Cool Valley, Missouri, says that he’s secured enough funds to airdrop Bitcoin (BTC) to every household in his jurisdiction. In a new interview with Bitcoin Magazine Podcast, Mayor Jayson Stewart says that he’s going to give each of his 1,500 constituents $1000 worth of Bitcoin as a way of combating financial inequality. …
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DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation
Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China’s goal …
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Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes
Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale. Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some services …
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Fed’s Powell has no intent to ban Bitcoin or crypto
Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not in the cards. Speaking in response to a question from Republican Representative Ted Budd of North Carolina, Powell clarified that a China-style ban on digital assets …
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Bitcoin daily transaction volume hits $29 billion ATH, what does this mean?
Researcher Kevin Rooke noted that daily transaction volume on the Bitcoin network hit an all-time high of $29 billion on Sunday. Rooke also pointed out that there have only been 5 days in Bitcoin’s history when the network settled above $20 billion. Three of which occurred this week. Source: @kerooke on Twitter.com But what does …
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MetaMask challenger XDEFI Wallet secures $6 million to scale its next-generation DeFi wallet
XDEFI Wallet, a next-gen browser wallet, is proud to announce a $6 million round led by Mechanism Capital with participation from DeFiance Capital, Alameda Research, Sino Global Capital, Animoca Brands, Morningstar Ventures, CoinGecko, and some of the world’s top DeFi users including, Darren Lau (The Daily Ape), Mark Zeller (Aave), Scoopy Trooples and Mariano Conti. …
1inch geofences US IP addresses, says new product for the American market is in prep
The popular decentralized exchange (DEX) liquidity aggregator 1inch has been restricting US trades since April, but the network has only recently added a technical layer to control its terms of use compliance. By combing through token prices across the leading decentralized exchanges (DEXes), 1inch is designed to find the most lucrative swapping deals for users. …
Billionaire Orlando Bravo Owns Bitcoin, Says ‘It Will Increase Significantly, I’m Very Bullish’
Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.” Billionaire Investor ‘Very Bullish’ on …
Solana-Based DEX Soldex AI, CEO John Robertson Explains the Impact
sponsored One of the backbones of crypto market in today’s world are decentralized exchanges that took the world by the storm in recent years. And as the crypto exchange market is moving and developing rapidly, it is absolutely no surprise that the exchanges have to evolve in accordance. Therefore, today, The CEO of Soldex.ai, John …
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Coinbase to Add Direct Deposit Feature — US Paychecks Can Soon Be Converted to Crypto
On September 27, the digital currency firm Coinbase announced that U.S. customers will soon be able to directly deposit their paycheck into their Coinbase accounts. With the new direct deposit feature, Coinbase customers can leverage their funds to make investments, generate yield, or add value to their Coinbase prepaid debit card. US Coinbase Customers Will …
DC Comics Aims to Release ‘One of the Largest NFT Drops Ever’ at This Year’s Fandome
One of the largest and oldest American comic book publishers DC Comics, Inc., has announced the firm has partnered with Palm NFT Studio in order to unleash a large swathe of non-fungible token (NFT) collectibles. The NFT drop will take place during the DC Fandome on October 16 and the NFT art will feature superheroes …