Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were …
Yearly archives: 2021
Bearish Case for Bitcoin Is Fading As Long-Term Holders Dominate BTC Supply: On-Chain Analyst Will Clemente
Widely followed on-chain analyst Will Clemente says that the argument for a Bitcoin bull trap is fading as long-term BTC holders dominate the supply of the leading cryptocurrency. ADVERTISEMENT Clemente tells his 187,300 Twitter followers that long-term holders, or entities that have held their BTC for at least six months, now own over $637 …
‘Seismic Shift’ Underway As Digital Assets Disrupt the Financial Services Industry: Deloitte Survey
Advisory giant Deloitte says that crypto is driving a massive remodeling of the financial services industry. Based on results from a new survey that polled big players in the financial services industry, the firm says that “banks should embrace their inevitable digital future.” ADVERTISEMENT “Today, digital assets are disrupting the entire financial market. Indeed …
WAX, Gnosis and IOST pack on gains after Bitcoin price hits $50K
The bull market narrative has returned now that Bitcoin (BTC) price managed to briefly climb above $50,500 on August 23. A handful of altcoins have also seen their prices charge higher as the momentum in the market continues to build. For many tokens, the price has been buoyed by new exchange listings and cross-protocol collaborations …
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Crypto exchange Bybit signs esports deals with Astralis and Alliance
Bybit has secured new contracts with esports organizations Astralis and Alliance that will see the cryptocurrency exchange expand its footprint in the video game industry. Bybit will have its logo featured on gaming jerseys and twitch.tv streams as part of a broader strategic initiative targeting more expansive player engagements, carbon neutrality initiatives and financial education …
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Bloomberg strategist explains why 30-year US bonds have ‘bullish implications’ for Bitcoin
Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg Intelligence. The financial analyst cited the consistently lower yields offered by the 30-year US …
Publishing platform Substack now accepts Bitcoin payments
An integration with payment processor OpenNode will allow content platform Substack to accept Bitcoin payments on-chain and using the Lightning Network. In a Monday announcement, OpenNode said it had partnered with Substack “to make it easy for writers and publications to get paid in Bitcoin.” According to OpenNode and Substack, the integration will only be …
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Bitcoin Price Crosses $50,000 Price Level Again, ADA, ETH, Aug. 23
BTC rally continues above the key psychological level. ADA hits further all-time highs on smart contracts. Could ETH hit $6,000? BTC The Bitcoin price has moved above the key $50,000 level again as the rally shows no signs of stopping. BTC Price Index BTC has continued its rally from the support at the $30k level …
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Kenya does more peer-to-peer crypto trades than anywhere else in the world
Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the …
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Visa steps into NFT fever. Buys CryptoPunk #7610 for $166,000
Payments company Visa has bought CryptoPunk #7610 as part of a broader portfolio of alternative assets, it said in a post this morning. The punk is worth 49.5 ETH (the equivalent of approximately $166,000) and the deal was facilitated by Anchorage Digital. “Over the last 60 years, Visa has built a collection of historic commerce …
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Kraken’s Dan Held Predicts Bitcoin Surging Over 500% if BTC Mimics 2013 Bull Market
Dan Held, the director of growth marketing at crypto exchange Kraken, says that Bitcoin (BTC) could surge by over 500% if the top cryptocurrency follows the cycle of its 2013 bull run. In a new interview on Altcoin Daily, Held compares the current state of the crypto market to what happened in 2013. ADVERTISEMENT …
Four Crypto Assets Are ‘Nibbling Away’ at Market Share of Ethereum, Says Crypto Trader Lark Davis
Crypto trader Lark Davis is naming four assets that he says are “nibbling away” at the market cap of leading smart contract platform Ethereum. In a new video, Davis tells his 419,000 YouTube followers that Binance Smart Chain (BSC) is one of Ethereum’s top competitors, as it enjoys the backing of global crypto exchange Binance. …
Bitcoin bullish cross on weekly chart paints $225K BTC price target if history repeats
Bitcoin (BTC) is wowing the market by holding $50,000, but a bullish metric is pointing to much larger potential gains. Data from TradingView now clearly shows that the weekly moving average convergence/ divergence (MACD) indicator for BTC/USD has flipped from red to green. Time for another 5.5X BTC price surge? There is no shortage of …
Visa invests $150,000 in NFT CryptoPunk Asset
Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017. In a blog post announcement released on Monday, Cuy Sheffield, head of crypto at Visa and …
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This time it’s different: When DeFi meets NFTs
With decentralized finance and nonfungible tokens seeing a meteoric rise, it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the …
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