Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silver lining for BTC weekly Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but failing to crack through $50,000 after reaching local highs of $51,990 on …
Yearly archives: 2021
Elon Musk’s Twitter Exchange on Keys to Digital Assets Poses Custody Questions
HodlX Guest Post Submit Your Post Elon Musk found himself jumping into a Twitter debate on cryptocurrencies, keys and custody, agreeing with only the word “exactly” in response to “not your keys, not your crypto.” This all stemmed from another user commenting on the need to end “dependence on CEXs like Binance and Robinhood.” The exchange illustrates the …
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Iceland cuts power to new Bitcoin miners
National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminium smelters and Bitcoin miners. A representative from the island’s power utility reported it has been forced to reduce energy allocations to southwestern Bitcoin miners and various industrial facilities due to a series of issues including a …
Enso mounting ‘vampire attack’ on six crypto index projects
Metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by performing a “vampire attack” on six major crypto index projects on Dec. 9. A vampire attack is when a platform entices users and liquidity from a competing platform by offering higher incentives for use. In September 2020, SushiSwap performed a …
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Australian government gives nod to 6 world leading crypto reforms
The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.” Treasurer Josh Frydenberg says the reforms “will firmly place Australia among a handful of lead countries in the world.” The reform plan is said …
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Three Arrows buys 156K ETH in the weeks after CEO ‘abandoned ETH’
Crypto hedge fund Three Arrows Capital (3AC) has bought more than half a billion dollars worth of Ether in the time since CEO Zhu Su publicly slammed the cryptocurrency on Twitter. Do the purchases mean he’s changed his mind, or was he just taking advantage of a market crash to buy the dip? In an …
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Jack Dorsey Steps Down As CEO—What It Means for Twitter’s Crypto Efforts
Though Twitter’s biggest Bitcoin proponent has stepped down, the company’s crypto goals will likely continue. Twitter founder Jack Dorsey announced on Monday that he will leave his role as CEO after more than eight years of serving in that capacity. Dorsey initially served as CEO of Twitter between 2006 to 2008, then took on a …
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Micro Ether Futures now live on CME Group to hedge price price of spot ETH
Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives offerings by launching Micro Ether Futures. The number one and most diverse marketplace for derivatives has now launched two micro cryptocurrency products in this year alone. CME launches micro Ether futures According to the global head of Equity Index and Alternative Investment Products, Tim McCourt, …
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Prominent Indian bank partners with WazirX to facilitate payments to crypto investors
According to Economic Times, Indian crypto exchange WazirX has opened an account with Kotak Mahindra Bank that will allow the exchange to send and receive payments from investors. With this new collaboration, Kotak Mahindra has become the first Indian bank to embrace the crypto community after suffering through a major payment freeze imposed by high-level …
Binance to offer world’s first Initial Game Offering (IGO) featuring AI robot Sophia
AI robot Sophia is set to be tokenized and auctioned as part of a Metaverse project called “Noah’s Ark.” Binance is launching this campaign as an Initial Game Offering (IGO). It will feature 100 “intelligent NFTs” available for auction on December 16 and be known as “The Transmedia Universe of Sophia beingAI.” “The IGO will …
Fundstrat’s Chief Strategist Predicts Bitcoin Still Has ‘Exponential Growth Ahead’
Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has ‘Exponential Growth Ahead’ Fundstrat Global Advisors’ managing partner and head of research, Thomas …
Travala Now Accepts Shiba Inu Crypto — SHIB Can Be Used to Book 3 Million Travel Products Worldwide
Crypto-friendly travel website Travala has added support for the shiba inu cryptocurrency. SHIB can now be used to book more than 3 million travel products worldwide on the site, including flights, hotels, and travel packages. Travala Adds Support for Shiba Inu Crypto Travel website Travala announced Tuesday that shiba inu cryptocurrency has been added to …
Billionaire Barry Sternlicht Discusses Bitcoin Price Rising to $1 Million — Calls BTC a ‘Smart’ Hedge
The chairman of Starwood Capital Group, billionaire Barry Sternlicht, has shared his view on how bitcoin could grow to be worth a million dollars a coin. He calls the cryptocurrency a “smart” hedge in a world where the government just keeps on printing money. Billionaire Barry Sternlicht Believes Bitcoin Could Rise to $1 Million per …
Ethereum Strength Sends Bitcoin Ratio To 2018 Highs
As Bitcoin (BTC) is coming out of a harsh weekend with a 5% drop and a huge sellout, ether (ETH) still maintains its strength in comparison, which has been happening since October. Arcane Research’s weekly update shows that the ETHBTC pair reached its highest level since May 2018 reaching 0.085 BTC, seeing possible signals of …
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Here’s What Cardano Founder Charles Hoskinson Wants For Christmas
Christmas is just around the corner and Cardano founder Charles Hoskinson is already in the Christmas spirit. The founder went live on YouTube on Monday to do another surprise AMA where he answered questions from the community. As usual, Hoskinson responded to a number of questions from community members who asked about the Cardano project. …
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