Popular blockchain analytics firm Glassnode says crypto investors may be looking at the “calm before the storm” for Bitcoin. In their new weekly report, Glassnode says the entire Bitcoin ecosystem has become quiet, potentially hinting that a big move is on the horizon. ADVERTISEMENT “It has been an impressively quiet week in the Bitcoin …
Author archives: Adam Owen
Bitcoin Supply Shock Incoming, According to Skybridge Capital’s Troy Gayeski
SkyBridge Capital’s co-chief investment officer Troy Gayeski predicts that Bitcoin will go through a supply-side crisis similar to what happened last year when BTC kicked off its bull market. Gayeski tells Bloomberg in a new interview that he’s seeing on-chain signals indicating that a certain group of buyers are back, and they are scooping up …
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S&P Cryptocurrency Indices To Cover Over 240 Coins
Cryptocurrencies are gaining more mainstream recognition as the S&P Dow Jones Indices (S&P DJI), one of the world’s leading index providers, announces that it will track a collection of over 240 cryptocurrencies with its own new cryptocurrency index. The new index, dubbed the S&P Cryptocurrency Broad Digital Market (BDM) Index, will provide a snapshot of the …
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Triple-digit gains make Dogecoin and Ethereum Classic the top performers of Q2
In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for $100,000 BTC and $5,000 ETH. Fast forward to the present and both assets are still more than 40% down from their all-time highs and the bulls calling …
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Fed Chair says stablecoins need stricter regulation, speaks on CBDC
Fed Chairman Jerome Powell told the House of Representatives today that stablecoins should face stricter regulations similar to money market funds or bank deposits. Powell was asked specifically about Tether, currently the most valuable stablecoin, by Rep. Anthony Gonzalez (R-OH). Tether claimed each coin was backed by a dollar, but that has been proven false; …
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SEC delays decision on Wisdom Tree Bitcoin ETF
On July 13, the Securities and Exchange Commission, or SEC, pushed back its decision on Wisdom Tree’s Bitcoin ETF with a request for public feedback. This request will allow members of the public to communicate their position on whether the trust should be approved or denied. The SEC’s notice stated: “The Commission requests that interested …
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Dolce and Gabbana to launch of an exclusive NFT collection
Fashion and Luxury brand Dolce and Gabbana has announced the launch of an exclusive NFT collection in collaboration with UNXD — a digital marketplace powered by the Polygon Network which hopes to become an exclusive marketplace for digital luxury and culture. The fashion brand’s debut NFT collection will be named Collezione Genesi, or Genesis Collection. …
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Cardano (ADA) retains its spot as the most ‘staked’ crypto
Data from proof-of-stake research platform Staking Rewards shows Cardano is the most staked chain, by value, in the cryptocurrency space. The Cardano network currently hosts $29.7 billion of ADA staked. While the next nearest token, Ethereum, comes in at a significantly lower $12.3 billion. @StakingRewards on Twitter.com However, staked value is a somewhat one-dimension metric …
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DeFi, leverage trading, and Bitcoin ‘to $1 million’ with CryptoJack
This week’s CryptoNites episode saw host Alex Fazel catch up with crypto trader, investor, and popular YouTuber Jack Skipp to discuss all things Bitcoin, trading, and price predictions for 2021. Skipp, who goes by ‘CryptoJack’ and is followed by over 118,000 followers on YouTube alone, started his crypto career over three years ago after formally …
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Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver
During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it has signed a hosting agreement with the Russian-based firm Bitriver as the company will leverage 15 megawatts (MW) of Bitriver’s capacity for two years. The9 …
Exchange Providers Halt BSV Services as Mining Pool Captures 78% of BSV Network Hashrate
The cryptocurrency community has been discussing the Bitcoinsv network as a mining pool called Taal has well over 51% of the hashrate. Data from the analytical crypto website Coin Dance shows the mining pool Taal commands over 78% of the network’s hashrate during the last 24 hours. On Tuesday, the European cold storage provider, Gravity, …
Greenidge Joins Foundry USA, Deal Gives Bitcoin’s Fifth-Largest Pool 800 Petahash
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners …
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Haute Couture goes NFT: Digitalization at the Paris Fashion Week
For luxury brands, usual business and marketing practices work upside down. While other businesses aim to scale, optimize and become accessible — luxury brands are supposed to be a cold and beautiful dream, causing admiration and (rarely fulfilled) desires of ownership. Building a luxury brand takes generations of storytelling, and the skill of maintaining a …
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UK Police Seizes $250,000,000 Worth of Crypto in Money Laundering Investigation
The United Kingdom’s Metropolitan Police (Met) says it just set a new record for the largest seizure of crypto in the country’s history, breaking the previous record documented just weeks ago. According to the Met, detectives seized roughly $250 million worth of unspecified cryptocurrency. ADVERTISEMENT The seizure is the second in an ongoing investigation …
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Top Crypto Analyst Predicts 80% Ethereum Surge, Says Bull Market Definitely Not Over
A closely-followed analyst and trader is predicting a massive rally for Ethereum amid the prevailing bearish sentiment in the crypto markets. The pseudonymous analyst known as Credible Crypto tells his 223,500 followers that Ethereum is poised for a strong surge that can potentially take the leading smart contract platform above $3,400. ADVERTISEMENT “All things …