Popular economist and cryptocurrency analyst Alex Krüger is providing an outlook for Bitcoin (BTC) over the coming weeks and months. In a new interview with YouTuber and crypto strategist Scott Melker, Krüger predicts that Bitcoin will eventually hit the $1 million price tag. However, he says the timeframe for the price target is up for grabs. …
Monthly archives: November 2021
Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3
Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year. Square’s Bitcoin Profit up 29% in Q3 In the company’s Q3 2021 Shareholder Letter, published Thursday, Square Inc. …
Polygon Reveals Details About Its Future Collaboration With LBank During AMA
press release PRESS RELEASE. Recently, LBank Exchange held an AMA session with the Polygon team, discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA. Ethereum is the blockchain development platform of choice, but it has limitations such as low throughput, poor UX, and …
Continue reading “Polygon Reveals Details About Its Future Collaboration With LBank During AMA”
Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI
Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement. Russian Founder of Cryptocurrency Exchangers Detained in Holland Denis Dubnikov, co-founder …
Institutional Crypto Platform Bakkt Expands Services Beyond Bitcoin, Adding First Altcoin to Roster
Digital asset manager Bakkt is expanding its services to support the second-largest crypto asset by market cap. According to a new press release, Bakkt will support Ethereum, the leading smart contract platform. Explains Bakkt CEO Gavin Michael, “At Bakkt, providing flexible opportunities for users to enjoy their digital assets is a top consideration, and adding …
US Mayors Are Joining the Bitcoin Paycheck Challenge – Who’s Next?
Two more US mayors are throwing their hats in the ring and agreeing to receive part of their salary in Bitcoin (BTC). Tampa Mayor Jane Castor says she’ll follow in the footsteps of Miami Mayor Francisco Suarez and New York City Mayor-Elect Eric Adams, noting she’s “up for the challenge” of accepting a paycheck in …
Continue reading “US Mayors Are Joining the Bitcoin Paycheck Challenge – Who’s Next?”
DeFi can be 100 times larger than today in 5 years
Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million …
Continue reading “DeFi can be 100 times larger than today in 5 years”
NBA Star and Early Coinbase Backer Co-Founds $230,000,000 Firm Focusing on Crypto and Other Investments
Two-time NBA champion and three-time Olympic gold medalist Kevin Durant is co-founding a special purpose acquisition company (SPAC) to invest in various sectors, including crypto firms. The SPAC, known as Infinite Acquisition Corp, is a 50-50 partnership between Durant’s Thirty Five Ventures and American banking firm LionTree. Co-owned by Durant and businessman Rich Kleiman, Thirty …
‘Overtime, we will see the NFT market broaden,’ says Ripple’s CTO David Schwartz
Nonfungible tokens, or NFTs, have been dominating the crypto market this year. With sales topping over $2.5 billion during the first half of 2021, it shouldn’t come as a surprise that both the crypto community and mainstream creators are launching NFTs in hopes of driving revenue and engagement. The rise of the Metaverse has also …
Continue reading “‘Overtime, we will see the NFT market broaden,’ says Ripple’s CTO David Schwartz”
Green means go: 5 spectacular altcoin rallies with one thing in common
In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift. But this week’s group of top crypto performers have very little in common… except one trading indicator that lit up in pulsating green neon letters before …
Continue reading “Green means go: 5 spectacular altcoin rallies with one thing in common”
What next for Shiba Inu (SHIB) following its 50% crash?
Shiba Inu has been making moves of late, hitting an all-time high of $0.00008876 last week and crashing the top ten to leapfrog Dogecoin in the process. However, since then, momentum for the divisive meme coin has slowed considerably, triggering a sell-off that bottomed at $0.00004264 on Thursday – a 52% drop in seven days. …
Continue reading “What next for Shiba Inu (SHIB) following its 50% crash?”
Growing Number of US Mayors Want to Be Paid in Bitcoin
A growing number of mayors in cities across the U.S. have said they want to be paid in bitcoin. The mayor of Miami said he is going to take his entire salary in the cryptocurrency, two other mayors will be converting their paychecks into bitcoin, and the mayor-elect of New York City will take his …
Continue reading “Growing Number of US Mayors Want to Be Paid in Bitcoin”
Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days
In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While terrausd’s market cap jumped by 6.7% over the last month, the stablecoin DAI saw an increase of 27.3% in 30 days. The largest stablecoin by …
Q3 NFT Report Shows Non-Fungible Token Markets ‘Are in Phase of Dynamic, Unstoppable Growth’
Non-fungible token (NFT) assets have seen significant demand since the beginning of 2021 and third quarter statistics show that key indicators have continued to rise. Just recently nonfungible.com published its Q3 2021 NFT Quarterly Report which shows active wallets increased, the number of NFT buyers has risen, and the number of sellers has grown faster …
Litentry Crowdloan Allocates 20% LIT Total Supply and Partners With Binance With Extra $2.5M Reward Pool
press release PRESS RELEASE. Litentry, a decentralized identity aggregation protocol, has revealed the launch of its Crowdloan Reward Program scheduled to go live from November 4, 2021. This represents a significant development in its quest to win a slot ahead of the upcoming Polkadot parachain auction. Join the crowdloan on Binance now to enjoy 20% …