The chief operating officer of Bank of America is now reportedly open to the idea that Bitcoin (BTC) could be a store of value asset. Market Insider reports that during a conference hosted by crypto insights firm Chainalysis on Thursday, Tom Montag said he doesn’t view crypto as a threat to the banking industry. “I …
Category archives: Trending Crypto news
Verasity Announces Esports Fight Club Rebrand to VeraEsports
November 8, 2021 – London, United Kingdom Esports Fight Club (EFC), the leading blockchain-powered watch-and-earn platform, has announced the successful completion of its rebrand to VeraEsports on November 8, 2021. Verasity, a blockchain enterprise known for its patented ‘proof of view’ technology and as the parent organization of VeraEsports, initiated the rebrand to prepare the …
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KuCoin Margin Celebrates Its Second Anniversary With Millions of Dollars To Give Away
November 8, 2021 – Victoria, Seychelles KuCoin, a global leading cryptocurrency exchange, celebrates the second anniversary of the KuCoin Margin Trading platform and will launch a series of celebration events with millions of dollars of rewards. Launched in 2019, KuCoin Margin enables users to borrow tokens to amplify investment returns from successful trades. Until now, …
Huobi Group is moving to Gibraltar following China crackdown
Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown. According to a report by Bloomberg, the Gibraltar Financial Services Commission has authorized Huobi to begin moving its spot-trading operations to affiliate Huobi Technology (Gibraltar) Co. As a result, Huobi …
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Dutch multinational ING considers entering DeFi lending industry
In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following in regards to the development, as reported by Ledger Insights: …
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Coinbase launches standalone browser extension for Coinbase Wallet
United States cryptocurrency exchange Coinbase has rolled out a new standalone browser extension for its Coinbase Wallet, giving users the ability to more easily access thousands of digital assets on decentralized exchanges, commonly known as DEXs. Beginning Monday, Coinbase Wallet will be available as a standalone browser extension, which means new customers can download the …
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Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7
Even though crypto has long attained relevance as an independent political issue, at times it gets entangled with the broader dynamics of the political process. The notorious infrastructure bill — a major pillar of the Biden administration’s economic agenda — suddenly passed in the U.S. House last Friday despite congressional Democrats’ original agreement to vote …
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JPMorgan Analysts Reveal Long-Term Price Target for Bitcoin As BTC Competes With Gold: Report
Analysts from banking giant JPMorgan are predicting a long-term price target for Bitcoin as the largest crypto asset competes to take the spotlight away from gold. According to Business Insider, strategist Nikolaos Panigirtzoglou says that Bitcoin has caught the attention of investors seeking a hedge against inflation. “The re-emergence of inflation concerns among investors during …
Bitcoin retains $65K after Elon Musk sell-off sees BTC pass Tesla market cap
Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin beats Tesla by market cap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 on …
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Bitcoin price in classic ‘Bull Pennant’ breakout as BTC whales go on buying spree
Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant breakout in play BTC rallied over by 6% in the past 24 hours to reach a …
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Crypto.com supports Cronos cross-bridge mainnet beta launch
Cronos has announced the launch of its mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems. The release will enable developers to port decentralized applications and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low cost and fast speed due to …
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One Red-Hot Altcoin Looks Strikingly Stronger Than Both Bitcoin and Ethereum, According to Popular Crypto Analyst”
A popular crypto strategist and trader says Bitcoin and Ethereum continue to flash signs of strength but highlights that one large-cap altcoin is strikingly stronger than the two largest crypto assets. The pseudonymous analyst known in the industry as The Crypto Dog tells his 666,900 Twitter followers that Bitcoin (BTC) looks bullish as it continues …
Zimbabwe may be the next country to embrace Bitcoin as legal tender
Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector. Zimbabwe’s government is considering utilizing Bitcoin (BTC) as a legal payments option to meet this growing demand and harness the technology, …
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Ethereum back in price discovery as ETH approaches $5K
Ethereum blockchain’s native asset, Ether (ETH), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week. ETH’s price rose by 3.30% in the past 24 hours to $4,770 for the first time in it history as Bitcoin (BTC) reclaimed $66,000, …
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Crypto Strategist Benjamin Cowen Says Ethereum Is an ‘Absolute Beast,’ Outlines Next Milestone for ETH
A closely followed trader and crypto analyst is calling Ethereum an ‘absolute beast’ as he predicts the bull market for the leading smart contract platform could extend into 2022. In a new strategy session, Benjamin Cowen tells his 598,000 YouTube subscribers that Ethereum (ETH) has been in a strong uptrend since March of 2020. “If …