While companies like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have ruled the roost in terms of manufacturing application-specific integrated circuit (ASIC) bitcoin miners, a new challenger has entered the competition. A relatively unknown integrated technology firm called AGM Group Holdings has seen a lot of ASIC sales and partnerships in recent times. A Relatively …
Monthly archives: November 2021
Author Insists Current Gold Price Cheaper Now Than in 1980
While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce is much lower than the commodity’s average price in 1980. Gold Price Rise Lags Behind …
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Binance CEO: Avoiding Cryptocurrency Scams, Squid Game Token and Other Defi Risks
sponsored The following article was written by CZ, Binance CEO & Co-Founder. DYOR, or do your own research, is a concept I think every investor should know about. It’s as close to a golden rule as anything in the world of crypto, but it applies more even broadly to anything you’re planning to invest in, …
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Russia to Change 13 Laws and Codes for Digital Ruble
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia Prepares to Trial Digital Ruble, Officials Say CBDC …
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JPMorgan Analysts Reveal Long-Term Price Target for Bitcoin As BTC Competes With Gold: Report
Analysts from banking giant JPMorgan are predicting a long-term price target for Bitcoin as the largest crypto asset competes to take the spotlight away from gold. According to Business Insider, strategist Nikolaos Panigirtzoglou says that Bitcoin has caught the attention of investors seeking a hedge against inflation. “The re-emergence of inflation concerns among investors during …
Bitcoin retains $65K after Elon Musk sell-off sees BTC pass Tesla market cap
Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin beats Tesla by market cap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 on …
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Bitcoin price in classic ‘Bull Pennant’ breakout as BTC whales go on buying spree
Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant breakout in play BTC rallied over by 6% in the past 24 hours to reach a …
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Crypto.com supports Cronos cross-bridge mainnet beta launch
Cronos has announced the launch of its mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems. The release will enable developers to port decentralized applications and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low cost and fast speed due to …
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Bitcoin Demand Trend is Down Says Genesis: Ethereum Set to Rise
The Bitcoin craze may be showing signs of cooling down despite the fact that the overall crypto market continued to grow in Q3. The motive behind this downtrend is the shift of institutional attention away from Bitcoin, toward DeFi and altcoins like Ethereum. Full-service crypto-asset company Genesis recently released its Q3 2021 Market Observation Report, …
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DAY LONG NEWS ROUNDUP: LATEST NEWS 08/11/21
Here are the top headlines which are affecting the blockchain and crypto space on 08/11/21 so you can stay informed on the latest updates. Reddit to onboard 500M new users by tokenizing karma points Reddit, the American social media giant might very soon convert the karma points of their users and turn them into ERC-20 tokens based …
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One Red-Hot Altcoin Looks Strikingly Stronger Than Both Bitcoin and Ethereum, According to Popular Crypto Analyst”
A popular crypto strategist and trader says Bitcoin and Ethereum continue to flash signs of strength but highlights that one large-cap altcoin is strikingly stronger than the two largest crypto assets. The pseudonymous analyst known in the industry as The Crypto Dog tells his 666,900 Twitter followers that Bitcoin (BTC) looks bullish as it continues …
Zimbabwe may be the next country to embrace Bitcoin as legal tender
Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector. Zimbabwe’s government is considering utilizing Bitcoin (BTC) as a legal payments option to meet this growing demand and harness the technology, …
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Ethereum back in price discovery as ETH approaches $5K
Ethereum blockchain’s native asset, Ether (ETH), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week. ETH’s price rose by 3.30% in the past 24 hours to $4,770 for the first time in it history as Bitcoin (BTC) reclaimed $66,000, …
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DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions
Crypto investment firm Digital Finance Group (DFG) has allocated over 500,000 DOT ($26.5 million) to Acala, a DeFi platform developed on the Polkadot blockchain network, ahead of its bid for a parachain slot. “We proudly announce our very first decision: 500,000 DOT that will be contributed to the Acala Crowdloan. This was a decision made …
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Ethereum (ETH) will soon be available on crypto exchange Bakkt
Bakkt Confirms Launch of Physically Settled Bitcoin Futures InterContinental Exchange-owned Bakkt has dropped the bombshell confirmation that its first products will be physically delivered Bitcoin futures contracts, which will be traded against fiat currencies including the US dollar, Great British Pound, and the Euro. 2 min read → Go to Source