Long-term holders bought into Bitcoin (BTC) in a huge way last year, according to crypto analytics firm Glassnode. In a new report, the firm notes long-term holders (LTHs) of BTC, entities that have kept their Bitcoin dormant for 155 days or longer, went through a “massive accumulation phase” in 2021, buying up more than 2.42 …
Category archives: Trending Crypto news
Price analysis 1/5: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE
Bitcoin (BTC) and most major altcoins are stuck in a tight range with bulls buying near the support and bears selling at resistance levels. Usually, such tight ranges are followed by an expansion in volatility. Although a few analysts have not ruled out a quick drop to low $40,000s, most traders expect Bitcoin to rebound …
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CertiK identifies Arbix Finance as a rug pull, warns users to steer clear
Binance Smart Chain-based yield farming protocol Arbix Finance was identified by blockchain security company CertiK as a rug pull. According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm states that “The ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted to 8 …
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Macro Guru Raoul Pal Says Crypto To Become Fastest-Growing Asset Class in History, Says It Could Reach This Market Cap by 2030
Real Vision chief executive Raoul Pal thinks crypto will become the fastest-growing asset class in world history. In a new interview with Bankless Brasil, Pal says crypto’s market cap could skyrocket by 100x within the next decade. Crypto’s current overall market cap is about $2.2 trillion. “If I look at all the other asset classes …
UK advertiser ASA continues crypto ad banning spree
The United Kingdom’s Advertising Standards Authority, or ASA, has ruled to place an official ban on two mobile application advertisements from popular trading platform Crypto.com which promoted the ease of purchasing cryptocurrencies such as Bitcoin, as well as earning yield rewards on digital assets. Gaining notoriety within the industry for their strict legislation on the …
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Bitcoin monthly RSI lowest since September 2020 in fresh ‘oversold’ signal
A key Bitcoin (BTC) metric has just reached its lowest levels since the months after the March 2020 market crash. As noted by popular analysts on Jan. 5, Bitcoin’s relative strength index (RSI) is printing a “hidden bullish divergence” on monthly timeframes — and if it plays out, they say, the result will be very …
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The worst influencer and celebrity NFT cash grabs of 2021
The monumental growth of the nonfungible token (NFT) sector in 2021 was a double-edged sword. While it may have transformed the wealth of countless investors and artists alike, it also gave birth to an alarming trend of popular figures who pounced on the tech to turn JPEGs into a quick profit. Here, we’ll take a …
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El Salvador: How it started vs. how it’s going with the Bitcoin Law in 2021
Before June 2021, news regarding Nayib Bukele was likely not even a blip on many crypto users’ radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party’s congressional majority sacked five members of the country’s Supreme Court and its attorney general. During the Bitcoin 2021 conference in …
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Largest Ethereum Investors Splurge Over $260,000,000 on One Crypto Asset, Making It the Most Traded Token Among ETH Whales
Fresh data shows the world’s biggest Ethereum (ETH) whales are stocking up on an altcoin that powers a data feed service for the decentralized finance industry. The blockchain-transaction tracker WhaleStats says in a tweet that oracle network Chainlink (LINK) is gaining popularity with crypto whales. “LINK is so hot with many big transactions today.Looking at …
New LGBT token aims for equity but raises red flags with community
The cryptocurrency community has raised concerns about Maricoin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam. Launched in December 2021, Maricoin promises to enable a “social, ethical, transparent and transversal means of payment” targeting the global “pink economy,” which is estimated to amount …
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EU regulator calls for public input on DLT for trading and settlement
The European Securities and Markets Authority (ESMA) is seeking stakeholder input on the use of distributed ledger technology for securities trading and settlements. The European Union’s securities regulator recently published a “call for evidence” to invite stakeholders to share their feedback on the regulations for regulatory technical standards (RTS) on reporting and transparency on the …
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Golf startup putts $10.5 million in NFT sales
No sector of the economy or indeed life is safe from nonfungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the lure of NFTs and a round of decentralization thanks to the efforts of LinksDAO. In a sold-out NFT drop, LinksDAO raised $10.5 million to fund its golfing aspirations. More than …
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Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs
Bitcoin (BTC) failed to close 2021 above the long-expected $100,000 level, but experts believe the psychological horizon is still achievable by taking gold’s market share, albeit over a more extended period. In a note released to investors on Tuesday, Goldman Sachs co-head of global FX and EM strategy Zach Pandl hypothesized that if the largest …
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Polygon (MATIC), Curve (CRV) and Two Additional Altcoins Primed for 10X Gains This Year, According to Analyst Jason Pizzino
A popular crypto strategist says that four altcoins, including Polygon (MATIC) and Curve (CRV), have the potential to print 10x gains this year while the broader crypto markets trade sideways. In a new strategy session, Jason Pizzino tells his 254,00 YouTube subscribers that blockchain scaling solution Polygon is still in a bull trend despite its …
Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M
Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country. WonderFi agreed to pay close to 206 million Canadian dollars ($162 million) to acquire First Ledger Corp., the parent company of BitBuy. WonderFi aims to become an end-to-end consumer platform for …
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