Cryptocurrency exchange Kraken says that Bitcoin could end the year with a massive surge that would more than double BTC’s value from its September closing price. In a new report, Kraken says that Bitcoin has typically recorded the best annual performance during the last three months of the year (Q4). ADVERTISEMENT “As positive of …
Monthly archives: October 2021
Survivorship bias has led to an imbalance in the crypto ecosystem
With success comes a survivor bias ― the logical error of concentrating on people or things that made it past a selection process while overlooking those that did not ― as well as, potentially, a superiority complex ingrained in those who survived. This has led to a preponderance of financial products in crypto because of …
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Sri Lanka appoints committee to implement crypto mining and blockchain
Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies. A letter shared on Oct. 8 by Sri Lanka’s director general of government information, Mohan Samaranayake, shows that the authorities have approved a recent proposal that aims to attract investments in the country’s …
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El Salvador’s Chivo Bitcoin (BTC) wallet is rife with identity fraud
According to El Mundo, identity thieves have targetted the Chivo wallet leading to further doubts around Bitcoin adoption in El Salvador. President Bukele sold the idea of Bitcoin as legal tender based on “banking the unbanked” and reducing overseas remittance fees. Payments to friends and family from Salvadorians living and working abroad account for 22% …
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China to Add Cryptocurrency Mining to ‘Negative List for Market Access’ Making the Industry Off-Limits to Investors
China has proposed adding cryptocurrency mining to the country’s latest “Negative List for Market Access.” This will make cryptocurrency mining an industry that is off-limits to investors, another move by the Chinese government to clamp down on crypto-related activities. China’s Negative List of Industries to Include Cryptocurrency Mining Cryptocurrency mining has been added to the …
Crypto Exchange Binance Terminates Some Services in South Africa After Warning by Regulator
Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to give any financial advice or render any intermediary services in the country. Binance Ceases Some Services in South Africa Cryptocurrency …
Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers
Digital asset platform Bakkt has announced a partnership with Google “to introduce digital assets to millions of consumers.” With the partnership, Bakkt says consumers will benefit from the “expanded reach and access” to cryptocurrencies. Google Collaborates With Bakkt to Expand Consumer Access to Cryptocurrencies Intercontinental Exchange’s digital asset platform, Bakkt, announced Friday that it has …
Jasmy (JASMY) and is now available on Coinbase
Starting today, Jasmy (JASMY) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store JASMY in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Jasmy (JASMY) is an Ethereum token that …
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Why A Parabolic Move Is Expected For Bitcoin, Billionaire Mike Novogratz
Bitcoin has been on the rise with the start of the new month. The first week of October brought with it good tidings as top cryptocurrencies in the market had begun to rally for the first time in weeks. Bitcoin hit a new 4-month high on Friday with its break above $56K. Bulls have set …
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Bitcoin Supply Shock: Reserves Drop To Lows Not Seen Since October 2017
Bitcoin spot reserves continue the recent trend of decline as values now stand at the lowest since October 2017. This shows the supply shock is tightening its grip. Bitcoin Supply Shock Narrative Grows Further As Spot Reserves Decline To October 2017 Levels As pointed out by a CryptoQuant post, BTC spot reserves have dropped down …
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Bitcoin Back To $64K?, Why This Time The Bulls Have The Winning Edge
Bitcoin remains range bound in lower timeframes trading at $54,277. The first cryptocurrency by market cap records almost no gains in the daily chart, but a massive 23.9% in the 7-day chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview The general sentiment in the market has flipped bullish, as investors seem to …
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Value Of Ethereum Held By Miners Reaches Five-Year Record Levels
Despite the Ethereum burn introduced with the London hard fork, miners are still making a good amount of revenue from mining. For ETH, the balance held by miners had been dropping since 2016. This was mostly a combination of poor market conditions and miners selling their holdings to fund their mining activities. With low prices, …
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Pontoon Finance Raises $3.2 Million In Funding with Testnet Version Ready for Launch
Blockchain has been one of the greatest advancements we’ve witnessed in the past few decades and maybe even in history. Bitcoin creator Satoshi Nakamoto created it with a view to upend traditional financial institutions and remove the middleman from the majority of transactions. Based on a trustless system where ‘miners’ authenticate transactions through a consensus …
DeFi picks up the pace as alternate blockchains and NFTs boom
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 …
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Cardano and Five Altcoins Set To Outperform Bitcoin As New Phase of Market Cycle Begins, Predicts Crypto Strategist
A popular crypto strategist and trader says six mid-to-large cap altcoins will likely shine brighter than Bitcoin (BTC) in the coming months. The pseudonymous crypto analyst known in the industry as Capo tells his 173,000 Twitter followers that he expects big moves from the smart contract platform Cardano (ADA). ADVERTISEMENT ADA is currently trading …