As Bitcoin dips back below $50,000, data is emerging of a possible short-term bearish outlook. Bitcoin supply shock dynamics Will Clemente, self-described as a “Lead Insights Analyst,” anticipates short-term bearish action for the Bitcoin price. This, he explains, is due to three factors – a drop in illiquid supply ratio, BTC inflows into exchanges, plus …
Category archives: Bitcoin News
Big boost for Ethereum Name Service (ENS) as Budweiser buys beer.eth
Budweiser, the self-proclaimed “King of Beers,” looks to Ethereum in a bid to go crypto. The firm behind the biggest selling beer in the U.S has just bought the beer.eth domain name, via Opensea, for 30 ETH (about $100,000). Budweiser’s official Twitter account has also changed its profile picture to a Budweiser rocket. NFT artist …
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Cardano (ADA), Solana (SOL) are increasingly seeing institutional bets
Warmed-up investor sentiment favors Cardano (ADA) and Solana (SOL) the most, revealed the recent CoinShares report. The digital asset investment firm recently published a report for the week ending August 20, which recorded first inflows totaling $21 million, following a six-week run of outflows. Solana recorded the highest weekly inflows “Positive price action in recent …
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Saylor picks up another 3,907 Bitcoin ahead of Friday’s $2 billion options expiry
25% of all Bitcoin was exchanged in this key price range The past few months have seen billions of dollars worth of Bitcoin shift from the hands of HODLers to newer holders, such as legacy institutions, technology firms, family offices, and fund managers. 2 min read → Go to Source
Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge
Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin · Dogecoin · Ethereum · XRP › Trading The market dropped ahead of a massive options expiry on Friday, with several large-caps falling 10%. Shaurya Malwa …
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Crypto.com Report: Ethereum, Binance Smart Chain, Polygon are leading ‘yield farming’ resurgence
A new DeFi report by crypto services platform Crypto.com dove into yield farming opportunities and DeFi adoption across newer blockchains such as Binance Smart Chain, Polygon, and others. The report, written by Crypto.com research manager Kevin Wang, concluded that the reasons for yield framing regaining popularity are the launch of new blockchains, layer 2 solutions …
Coinbase’s ‘poor’ customer service comes under fire
Coinbase came under fire from mainstream media this week as complaints around its customer service filled up grievance forums, a report from CNBC shows. One such user lost over $168,000—stating that the exchange’s customer service was of no help either. Complaints of poor customer service frequently make the rounds on social circles (mainly Reddit and …
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XTZ pumps 13% as new NFT platform launches on Tezos
4-time F1 champ Red Bull Racing signs on Tezos as ‘blockchain partner’ Red Bull Racing (RBR) has signed on Tezos, the world’s 42-largest blockchain by market cap, as its Official Blockchain Partner, as per a release this morning. Teaming up with the world’s most advanced blockchain 👊 Announcing a new multi-year technical partnership with @Tezos …
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Terra (LUNA) sets new ATH as network activity increases
Terra’s native token LUNA rallied over 31% during the past seven days as the crypto’s price broke another record high crossing $34,3 earlier today. With a current market cap of roughly $13,4 billion, LUNA witnessed a significant recovery since the May crash, when it was trading just above $4.1. The Terra ecosystem Terra is a …
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200 Bitcoin ATMs installed in El Salvador ahead of legal tender adoption
El Salvador began installing crypto ATMs as the country enters the last two weeks of preparation for the big day when Bitcoin (BTC) will claim its legal tender status. The Bitcoin Law, effectively ushered by President Nayib Bukele through parliament in June, will take effect on September 7. 200 Bitcoin ATMs and 50 financial branches …
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Speculator turns $1,100 into $3.35 million selling Fidenza #313 NFT
The Fidenza #313 NFT, created by artist Tyler Hobbs, just sold for 1,000 ETH. At today’s price, that equates to $3,350,000. Even more staggering, the seller, who goes by the OpenSea username “PizzAle,” paid 0.58 ETH (around $1,100) for it two months ago, marking an impressive return on investment. The Fidenza collection launched in June …
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XSWAP DEX brings DeFi into ABEYCHAIN blockchain ecosystem
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › ABEY Foundation, the non-profit body that oversees the activities on ABEYCHAIN made the announcement this week. The launch of XSWAP represents a significant milestone for ABEYCHAIN and introduces users to the world of decentralized …
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Pompliano: Western Union leaving Afghanistan is why the world needs Bitcoin
Bitcoin-bull Anthony Pompliano said “get out and get away” to people invested in legacy money transfer firms. The comment came in response to Western Union’s decision to suspend its services in Afghanistan, following Kabul’s takeover by the Taliban last week. Instead, Pompliano raised the point that people can use Bitcoin for money flow at zero …
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Ampleforth (AMPL) founder: There is a solution to the decentralized stablecoin dilemma
As the US dollar devaluation becomes a hot topic, CryptoSlate talked to the founder of the “rebasing cryptocurrency” designed to fight the inflation curse. Ampleforth (AMPL) is a protocol running on the Ethereum (ETH) blockchain that incentivizes a network of users to maintain a cryptocurrency with a value that is cycling around $1. Maintaining the …
Binance (BNB) reacts to allegations of market manipulation
Following allegations of market manipulation, the management of the largest digital currency exchange platform by transaction volume, Binance, has announced that the platform has never traded against its users. In the statement, which was released on the official Twitter account of the organization, the management also maintained that it has never manipulated the market and …
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