Little by little, cryptocurrencies are becoming a very important part of the global economy. You can now create your own. Cryptocurrencies are becoming a very important part of the economy little by little. The world of crypto has been expanding since the creation and launching of Bitcoin back in 2009. Today, we probably still have …
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The digital asset insights firm Chainalysis is analyzing how Bitcoin will retain its dominance in an increasingly crowded marketplace filled with crypto contenders. In a new blog post, the firm’s chief economist Phillip Gradwell says BTC doesn’t need to adopt smart contracts and compete with Ethereum (ETH) and Layer-1 crypto assets. Instead, he says …
Cryptocurrency conglomerate Digital Currency Group has raised $700 million in funding, including investments from Japanese multinational holding company SoftBank and the venture capital arm of Google’s parent company Alphabet, CapitalG. The fundraising deal helped push valuation of the crypto conglomerate to more than $10 billion, according to CNBC. Digital Currency Group’s CEO Barry Silbert …
The CEO of Kraken is saying that the cryptocurrency exchange will expand the range of products and services it offers. In a CNBC interview, Jesse Powell says that Kraken is branching out into products and services generally associated with legacy financial institutions. “We’re getting more into traditional financial services such as stock trading, banking …
Popular crypto analyst Benjamin Cowen says Polkadot (DOT) is entering price discovery on the heels of the highly anticipated parachain auctions. In a new strategy session, Cowen says DOT is likely breaking out a huge range that it’s been stuck in for most of 2021. “The price appreciation right now is in anticipation of …
It’s no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money by simply playing the game. …
Democrat Eric Adams, who said he planned to make New York City “the center of Bitcoins” if elected mayor, has won his race against Republican Curtis Sliwa. Following the Nov. 2 Election Day results, Adams will be replacing Bill de Blasio as the mayor of New York City, defeating Sliwa and other candidates with 72.8% …
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Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors who require a minimum market size. …
Members of the EOS ecosystem, a blockchain designed to power decentralized applications, or DApps, are voicing their dissatisfaction with former developer Block.one. As a result, they have formed their own organization and elected new leadership in an effort to revamp the network. As accessed by Cointelegraph, Yves La Rose, the “community-elected CEO” of the novel …
Popular crypto analyst and trader Michaël van de Poppe says there’s a lot of hype and momentum surrounding Polkadot (DOT) as the interoperability blockchain approaches the launch of its parachain auctions. In a new strategy session, Van de Poppe tells his 140,000 YouTube subscribers that the seventh-largest crypto asset by market cap is “accelerating quite …
U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of …
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The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to a report by South China Morning News on Wednesday, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 …
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Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level. At the moment, gaming tokens, supply chain-related projects and decentralized finance (DeFi) protocols are scorching hot and as shown below, many altcoins …
Continue reading “Parabolic gains for OriginTrail, Maker and XYO Network rouse ‘altseason’ hopes”
If all goes according to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable Ripple (XRP) holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via …
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One particular metric indicates altcoins could be primed for “massive moves,” according to pseudonymous crypto analyst TechDev. The popular trader tells his 132,200 Twitter followers that the altcoin market cap’s relative strength index (RSI), which tracks the momentum of an asset, is following historical patterns and making the altcoin market look bullish right now. …
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