Real Vision CEO and macro guru Raoul Pal is bullish on crypto but warns that the market will likely take the “path of most pain.” In a new TradeStation interview, the former Goldman Sachs executive says that the crypto market tends to go the opposite direction of what people expect to happen. “Everybody’s kind …
Yearly archives: 2021
Binance crypto withdrawals return to normal following system backlog
Major cryptocurrency exchange Binance announced the suspension of all transaction withdrawals on its platform on Monday morning due to a “large backlog” of data. CEO Changpeng Zhao assured all users that funds were safe before the functionality was restored. The platform shared this announcement on their official Twitter page via a thread, stating: We’re on …
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Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest
Lately, Bitcoin’s (BTC) biggest investors have been upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as the “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.” Whales represent addresses that hold between 10,000 and 100,000 BTC, while fishes …
Digital Currency Group sells $700M of shares for investors to take profits
Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank. DCG has sold $700 million worth of shares to companies like Google’s parent company, Alphabet, to bring its valuation to more than $10 billion, the company officially announced Monday. …
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Burger King serves up free crypto with meal purchases
Fast-food chain Burger King has partnered with Robinhood to give away free cryptocurrency to its customers — offering a compelling sign that appetites for digital assets are growing. From Nov. 1 through Nov. 21, Burger King customers in the United States who spend $5 or more will be given free crypto, primarily in the form …
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Forget Bitcoin, Ethereum is the new fuel for the iGaming business
Many have said that Ethereum is the future of the cryptocurrency market. But, why? Can it really overcome Bitcoin’s supremacy? Why would anyone think that the second-largest cryptocurrency could overtake the leadership in the market? There actually are quite a few reasons for that. Over the past few years, Ethereum’s adoption and popularity have grown …
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Ten Serious Mistakes You Need to Avoid When Trading Altcoins in 2022
Altcoins are not the future, they are the present. Despite its high volatility, the total crypto market cap is now around $1.92 trillion. With a capability of rising upto 1,581,942% in a year, altcoins have the power to literally turn rags into riches. While there have been several examples of people who have created a …
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DAY LONG NEWS ROUNDUP: LATEST NEWS 01/11/21
We bring you the top headlines impacting the blockchain and crypto space on 01/11/21 so you can stay informed and updated on the latest information. Amazon Web Services Aim To Drive The Settlement And Custody Of Crypto To Cloud One of the most premium cloud providers in the world, Amazon Web Services, is looking for …
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Here’s When Cardano Can Realistically Reach New All-Time High, According to Crypto Analyst Benjamin Cowen
Closely followed analyst and trader Benjamin Cowen is predicting a realistic timeframe for when Cardano (ADA) can hit new all-time highs. In a new strategy session, Cowen notes that Cardano has already pulled off nearly an 11,000% gain since the low of March 2020, and may need time to cool off before making any more …
Huobi trials NFT marketplace to further GameFi and metaverse strategy
Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges. Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such …
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Twitter flags Squid Game token accounts as price crashes
Following a mind-blowing price surge, the Squid Game (SQUID) token plummeted over 99% shortly after Twitter flagged its “official” accounts on the social media platform as suspicious. According to data on CoinMarketCap (CMC), the SQUID token experienced its first downward move on Monday, erasing its entire gains from as much as $2,861 and dropping below …
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Website leak sparks rumours that Tesla could accept Shiba Inu (SHIB) as payment
Shiba Inu investors might be in for some good news. Rumors are circulating that Tesla could be adding the controversial meme token as a payment option. The rumor’s origin stems from an analysis of the Tesla website source code, in which $SHIB is shown as a payment type. However, there has been no official word …
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Crypto exchange Huobi shuts its crypto derivative trading business in China
Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90% In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard of cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. 3 min read → Go to Source
South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants …
Venezuelan Authorities Seize More Than 100 Miners From Clandestine Bitcoin Mining Operation
Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and personnel from Sunacrip. …