The recent nerves in the stock market and macro world has caused the dollar to surges to a new 2021 high, just as Bitcoin continues to set new records. But is the greenback’s awakening a dangerous situation for cryptocurrencies, or is something else afoot? BTC Barely Reacts As DXY Taps New 2021 High Bitcoin price …
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Elon Musk’s Dogecoin-funded mission is now set to launch in the first quarter of 2022. The launch had been announced in May of this year when the billionaire had tweeted about it. The mission is fully paid for in Doge and will not only be the first crypto in space, but it will also be …
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The current social media landscape is based on a time-tested format that only allows fans to interact one way with celebrities. For instance, they can view photos of their favorite celebs, read their opinions, see their videos, and more. However, this one-way interaction is never reciprocated since celebs have no way of responding effectively to …
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Terra (LUNA) has surged during the past week after a period of consolidation as the network has begun burning the supply of its native token. As of press time, LUNA trades at $51,16 with a 5% loss in the daily chart. LUNA with signs of recovery in the 4-hour chart. Source: LUNAUSDT Tradingview Related Reading …
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Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as crypto’s top dog. Citadel manages over $40 billion of capital — a quarter of the trading volume in the US stock market. During this Wednesday’s Nov. 10 DealBook summit hosted by The New …
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Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11. Citycoins launched the MiamiCoin cryptocurrency in …
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Crypto investor and technical analyst Justin Bennett thinks Bitcoin (BTC) still looks “pretty good” amid the market pullback while predicting major boosts for Cardano (ADA) and other altcoins. In the latest edition of his Cryptocademy newsletter, Bennett discusses Bitcoin’s recent “aggressive” pullback to $63,000. “Bitcoin just shook out a lot of excess leverage with an aggressive pullback …
MicroStrategy CEO Michael Saylor is telling investors that buying Bitcoin (BTC) is better than putting their money into traditional assets like stocks, bonds and gold. In a new interview with John Darsie, the director of business development at alternative investments firm SkyBridge, Saylor compares Bitcoin against other asset classes over the past 10 years. “I …
Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million. In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol …
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A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October. Chainalysis published a report on crypto exchanges on Nov. 11 and provided an analysis …
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Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near …
At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022. Most of the recorded immunizations are COVID 19 vaccines, but …
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Cardano continues going from strength to strength as staking addresses increase by over 100,000 in two months. According to the online staking metrics website pooltool.io, staking addresses hit 942,000 on November 10. Compared to 821,000 staking addresses on September 10, an increase of 121,000 or nearly +15% in two months. The numbers bode well insofar …
Bitcoin is being used as a fail-safe mechanism during times of natural disaster in Africa. According to TechCrunch, the eruption of the Mount Nyiragongo volcano in the Democratic Republic of the Congo in May caused mass displacement of families in the surrounding region. In the chaos of the situation, Bitcoin was being used as a …
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As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto …
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