The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said it was “good for bitcoin.” Edward Snowden Jabs Biden’s 6 Trillion-Dollar …
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The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment objective is to gain exposure to the price of ether.” Wisdomtree Follows Vaneck’s Lead …
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The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance bolsters Sheetz’s mission to provide customers with the “ultimate one-stop-shop.” Convenience Store Chain Sheetz Adds Digital …
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Bitcoin price hangs slightly above $35,000 while traders simply watch the dip from the sidelines. The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend. Despite the downside moves seen across the …
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From two bucks to forty dollars, and back down to eleven before soaring to thirty-eight greenbacks… The stomach-churning ride of Livepeer (LPT) illustrates the benign volatility of crypto markets. Crypto traders will take any edge they can get. From fundamental research on long-term prospects to short-term price pumps created by new exchange listings, the 24/7 …
Each breakout from Bitcoin and altcoins is being met by selling near the 20-day moving average, a signal that the market could be in for more downside. Earlier this week billionaire investor Carl Icahn’s told Bloomberg that he is considering entering crypto in a big way but this hardly made any difference to crypto prices. This is …
Continue reading “Price analysis 5/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, ICP, UNI, BCH”
The spot price crash reveals a high correlation with the derivatives markets as nearly $3 billion worth of options stand to expire in May. Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now also referred to as “Black …
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An ultra-rare (and extremely valuable) CryptoPunk is set for a solo auction at Sotheby’s. One ultra-rare CryptoPunk is set for some extra stage time at a hotly anticipated upcoming auction. In a Tweet today, luxury auction house Sotheby’s announced that the sale of CryptoPunk #7530, also known as “Covid Alien”, will be offered during a …
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Bitcoin may not make the current monetary and financial system extinct, although its usage will likely vary depending on one’s location. Bitcoin may not mean an end to traditional currency and banking, according to Peter Van Valkenburgh, research director at Coin Center. “I think there’s folks in the Bitcoin community who probably make too many …
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, …
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Sweden will trial its CBDC with a live banking participant. The experimentation will involve participation between Riksbank and Handelsbanken, a retail bank chain based in Sweden. Sweden has made a number of strides toward its own central bank digital currency, or CBDC, called the e-krona. The Sveriges Riksbank, the country’s central bank, now looks to …
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Zilliqa will be launching a football NFT Collection on June 6th It will include 10 global football stars including Diego Costa and James Rodríguez The football NFT collection will be in partnership with Polaris Sports Buyers of the NFTs will also have a chance at winning signed merchandise by each player Zilliqa (ZIL) has partnered …
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Sheetz will soon start accepting digital asset payments in its stores The company has partnered with Flexa and NCR to offer crypto payments Users will have the options of paying with Bitcoin, Ethereum, Litecoin, Dogecoin and several other digital assets supported by Flexa Availability of digital payments will initially be at select Sheetz Cafe Stores …
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Joshua and Jessica Jarrett, a couple from Nashville, are filing a lawsuit against the IRS after being taxed for the rewards earned from crypto staking on the Tezos blockchain. According to the lawsuit, Joshua and Jessica Jarrett seek an income tax refund of $3,293 in total for the 8,876 tokens mined. The couple is also …
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CRYPTO’S SPECIAL PLACE IN THE NEW WORLD First things first, the new world is a digitised one. But, the question is — what is the place of cryptocurrencies in this new world? Everyone seems to be hopping on the crypto bandwagon as more and more people invest in cryptos, even when they know nothing about …
