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 …
Yearly archives: 2021
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
Square Enix Contemplates ‘Robust Entry’ Into Blockchain Games as Part of Business Strategy
Square Enix, one of the biggest developers and publishers in the gaming world, has acknowledged the importance that NFTs and blockchain gaming could have for the future of the company. In its latest briefing session, Square Enix contemplated a “robust entry” into the blockchain games sector as part of its medium-term strategy process. Square Enix …
Solana Ventures, FTX, and Lightspeed Launch $100 Million Blockchain Gaming Fund
Solana Ventures, the investment arm of the Solana blockchain, FTX, and Lightspeed, a venture capital firm, have announced the launch of a joint web3 gaming initiative. The fund will have $100 million at its disposal to invest in gaming projects using blockchain-based systems in the Solana network. The fund has already made its first investment …
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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the …
Crypto Strategist Benjamin Cowen Says Ethereum Is an ‘Absolute Beast,’ Outlines Next Milestone for ETH
A closely followed trader and crypto analyst is calling Ethereum an ‘absolute beast’ as he predicts the bull market for the leading smart contract platform could extend into 2022. In a new strategy session, Benjamin Cowen tells his 598,000 YouTube subscribers that Ethereum (ETH) has been in a strong uptrend since March of 2020. “If …