A handful of crypto whales moved a staggering $2.74 billion in Bitcoin (BTC) within a matter of 14 minutes. The large crypto transfers were initially detected by blockchain tracker and analytics tool Whale Alert. ADVERTISEMENT Whale Alert first noted at 11:40 p.m. PDT on July 27th that an unknown wallet transferred roughly 9,977 BTC, …
Yearly archives: 2021
XRP Spikes Double Digits As Ripple Announces Expansion of On-Demand Liquidity Program to Japan
XRP jumped in price this week after Ripple announced it is expanding its cross-border payment product, On-Demand Liquidity (ODL), to Japan. SBI Remit Co., the largest money transfer provider in Japan, partnered with mobile payments service Coins.ph and digital asset exchange platform SBI VC Trade in order to use ODL to power remittances from Japan …
Crypto population doubled to over 200M users since January, report says
Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new report. Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Thursday, discovering that the number of crypto users worldwide has more than doubled from 100 million in January …
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Is Bitcoin a religion? If not, it soon could be
Hass McCook is a respected Sydney-based civil engineer who has worked on some of the most spectacular buildings in the world, from Munich’s Allianz Arena to Singapore’s Marina Bay Sands. He also considers Bitcoin to be his religion. Better known on Twitter as Friar Hass, the 35-year-old had a religious epiphany about Bitcoin in 2017. …
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Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference
Bitcoin (BTC) rose above $40,000 on Thursday, a day after the Federal Reserve hinted that it was getting nearer to unwind its asset purchasing program that has boosted the United States’ economic recovery. The benchmark cryptocurrency approached $41,000 in the previous session, ahead of the critical Fed update. Nonetheless, it started losing upside momentum after …
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Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally
Bitcoin (BTC) futures open interest is mimicking the start of the BTC price bull run, data shows. As BTC/USD hovered near $40,000 on Thursda, a fresh bullish report from Stack Funds called for “cautious optimism” about further price rises. Bitcoin has sought to flip $40,000 to support this week, returning to the level multiple times …
Bitcoin’s Real Test Begins at This Price Area, According to Crypto Analyst Benjamin Cowen
Prominent crypto market analyst Benjamin Cowen sees heavy resistance coming for Bitcoin (BTC) at an important price level. In a recent update on Bitcoin’s price action, Cowen tells his 485,000 subscribers that given Bitcoin’s bounce off the 50-week simple moving average (SMA), currently priced just under $33,000, he would be surprised if the top crypto …
EU entrusts $30M to new blockchain and digital assets fund
Analysts have long decried the European Union’s lack of homegrown tech giants, pointing to the gulf between the bloc and counterparts like the United States and China. However, the EU now appears to be making moves to up its investments in innovative technologies. The European Investment Fund (EIF), the EU agency responsible for SME financing, has …
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Cointelegraph Consulting: Rarible’s daily transactions see a rapid decline
Nonfungible token (NFT) sales tapering off is nothing new, and since their May peak, they have gone down by about 90%. However, as some marketplaces shore up their numbers, NFT auction site Rarible appears to have users flocking away from its platform. Rarible is one of the most popular sites for buying and selling digital …
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US–Japan digital trade deal should include crypto: American think tank
Sale Lilly and Scott W. Harold of the American policy think tank Rand Corporation have called on the United States and Japan to include crypto in the bilateral digital trade agreement between the two nations. In an opinion piece published in the Nikkei Asia on Wednesday, Rand Corporation analysts put forward arguments supporting their clamor …
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Israeli gov’t seeks to track crypto holdings above $61K
The Israeli government is ratcheting up its efforts to deter tax evasion and close loopholes for would-be money launderers as part of a “war against black capital.” Among the measures outlined in a new draft bill published by the Ministry of Finance this week, a new statutory requirement is being proposed to place cryptocurrency users …
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These crypto analysts say Ethereum could reach $4,500 by 2022. Here’s why
Ethereum (ETH) could be worth $4,596 by the end of 2021, say analysts on the latest quarterly Ethereum Price Predictions Report from the personal finance comparison site, finder.com. Finder’s global panel consists of 42 senior cryptocurrency specialists and academics who were asked to give their thoughts and price forecasts for ETH. Longer term, the panel …
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Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director
A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment …
Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls
The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on …
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability to decentralize products and services has long been among its key value propositions, especially when providing …
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