Solana’s SOL coin rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins. Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept. 11. Combined with the gains recorded in the previous 36 hours, SOL was up by …
Continue reading “Solana gains over 26% in two days — $250 SOL price target next?”
Nonfungible token (NFT) company Candy Digital has secured $100 million in funding to expand its product footprint and creative capabilities, marking another major milestone for the rapidly growing NFT market. The funding will be used to expand Candy Digital’s NFT product offerings across the global sports marketplace, including creating new fan experiences, the company announced …
Continue reading “NFT company Candy Digital valued at $1.5B following $100M Series A”
Digital currency asset manager Grayscale Investments is announcing plans to convert its Bitcoin (BTC) trust into an exchange-traded fund (ETF). Grayscale says it wants to transform the 2013-launched Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. The value of GBTC’s assets under management is close to $40 billion, according to Grayscale. ADVERTISEMENT The application …
Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream. The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by …
Continue reading “Crypto remittances see adoption, but volatility may be a deal breaker”
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US. On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%. “Shouldn’t be happening” In what traders call a “scam wick,” the …
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The Iota Foundation has announced the release of its beta version smart contract functionality, with the objective to solve market challenges of scalability limitations and high transaction fees, as well as reportedly debuting components not witnessed thus far in the space. Iota’s nonprofit foundation is focused on open-source research and development initiatives to drive adoption …
Continue reading “Iota launches beta smart contracts to foster interoperability”
FTX, one of the largest cryptocurrency exchanges in the world, has raised $420 million in fresh funding, bringing its total valuation to $25 billion. The firm officially announced Thursday that FTX’s operator, FTX Trading, has completed a new Series B-1 fundraise involving 69 investors, including Ontario Teachers’ Pension Plan Board and Singapore’s state investment firm Temasek. …
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Crypto trader and Altcoin Daily host Austin Arnold thinks six major altcoins are gearing up for massive rallies in the next year. In a recent crypto update, the YouTube star tells his 1,040,000 subscribers that Ethereum layer-2 (L2) scaling solution Polygon (MATIC) is gaining momentum after landing a partnership with the $20 billion gambling company …
Russian oligarch Oleg Deripaska has once again called on the Russian government to stop ignoring Bitcoin (BTC) after the United States Federal Bureau of Investigation raided his homes in Washington and New York. In a Telegram post on Thursday, Deripaska argued that the Bank of Russia has been “infantile in ignoring the growing cryptocurrency market,” …
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Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation. The BITO launch, which saw the highest-ever first-day natural volume for an ETF, is “unlikely to trigger …
Continue reading “JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump”
Bitcoin (BTC) passed $66,000 again on Oct. 21 after fresh macro turbulence sparked a retest of previous all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Evergrande fails to hold Bitcoin bulls back Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a dip to $64,000 overnight. The move had come in step …
Continue reading “Bitcoin gains $2K in hours after BTC price bounces near previous all-time high”
Widely followed crypto analyst Justin Bennett thinks Ethereum (ETH) is gearing up for another major rally that could launch the crypto asset by nearly 400%. In a series of tweets, Bennett explains how Ethereum could rally to $20,000 by January 2022 if Bitcoin (BTC) allows for the right market conditions. ADVERTISEMENT “If $BTC breaks …
HodlX Guest Post Submit Your Post Technology has radically changed the sports industry, helping it grow into a federated, multimillion-dollar industry in a little more than 100 years. This change includes several improvements in different aspects of every discipline, starting with apparel and clothing, to measuring systems and monetizing sports. Let’s explore the relationship between …
Continue reading “The Relationship Between Sports and Tech – How Did It Evolve Over the Years?”
As Bitcoin (BTC) marked a new all-time high above $67,000, PayPal co-founder and billionaire venture capitalist Peter Thiel said he should have bought more Bitcoin. Thiel spoke of cryptocurrencies, central banks and artificial intelligence (AI) during an interview in Miami hosted by policy think tank Lincoln Network, Bloomberg reported Oct. 20. “You’re supposed to just …
Continue reading “PayPal co-founder Peter Thiel says he ‘underinvested’ in Bitcoin”
American multinational entertainment giant AMC is getting very excited about blockchain and the company’s chief executive is publicly mulling the issuance of its own cryptocurrency. During an interview with CNBC on Oct. 20, AMC chief executive Adam Aron discussed the firm’s crypto ambitions. There were no solid details but the company boss did make some …
Continue reading “AMC gets ‘hyperactive’ about crypto, CEO says it may issue its own coin”
