Bitcoin on-chain data shows that the BTC outflows have been gradually heading downwards recently, hinting that a crash could be coming soon. On-Chain Data Shows BTC Outflows Continue To Decrease As pointed out by an Analyst on Twitter, on-chain data reveals Bitcoin outflows have been gradually going down in the past month. The relevant metric …
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Binance has successfully carried out another quarterly scheduled burn. This marks the 17th routine burn that the cryptocurrency exchange has carried out since it had launched its native token back in 2017. Binance has not missed a single scheduled burn since that time and will continue to carry out these burns every quarter. Binance burns …
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Blockchain technology is coming to Formula 1™ as Pierre Gasly partners with Fantom to bring NFTs to the world’s fastest sport Non Fungible Tokens (NFT) have taken the world by storm in 2021. The previously maligned sector of the cryptocurrency market which was known for clogging the Ethereum network with CryptoKitty’s has emerged as the …
ProShares’ Bitcoin Strategy exchange-traded fund (BITO) saw the highest ever first day “natural” volume for an ETF, with the figure reaching a little over $1 billion by the end of the opening day. It is second overall, tailing just behind the Blackrock US Carbon Transition Readiness ETF which booked $1.16B in volume on its debut …
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Macro investor and former Goldman Sachs executive Raoul Pal says Bitcoin and crypto are on the cusp of entering the part of the bull cycle where the markets trend higher. In a new Crypto Banter episode, the macro guru says the digital asset markets are ready to move higher after a brutal corrective period in …
A closely followed crypto analyst says that the altcoin market may be in for some pain as Bitcoin (BTC) threatens to steal the show. Writing in the latest TechnicalRoundup newsletter, the pseudonymous analyst known as DonAlt says that the new launch of the Bitcoin futures exchange-traded fund (ETF) was not a “sell the news” kind …
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SEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday. Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts. CNBC commentator Bob Pisano shared concerns from some investors that BTC futures could deviate from …
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A high-profile blockchain lobby group is urging United States lawmakers to adopt a “technology-neutral” approach when it comes to stablecoin regulation, arguing that dollar-pegged cryptocurrencies do not pose a system risk to the financial system. In a 17-page letter addressed to the President’s Working Group on Financial Markets, which includes regulators from the Department of …
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Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon, and Bitcoin could be the best hedge against inflation. With the United States government continuing to stimulate the economy, Icahn stated that he fears the dollar is becoming more devalued and that the price of goods is rising. “In …
Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office. In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease any and all such …
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Cyber security company Sophos says that iPhone users should be on the lookout for a new type of crypto scam emerging on the Apple App Store. Sophos says the scam dubbed CryptoRom entices potential victims into installing fake crypto trading apps. The scammers initially approach their victims on dating platforms. ADVERTISEMENT “Victims are contacted …
Social media giant Facebook is launching the Novi crypto wallet today in the United States and Guatemala. The initial rollout only allows users to trade the Paxos Dollar (USDP) stablecoin, which is secured by Coinbase. ADVERTISEMENT An announcement on the Coinbase Blog says, “Novi users’ funds will be held within Coinbase Custody Trust Company, …
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Digital asset analytics firm Santiment says that traders should keep a close eye on one on-chain metric that can potentially signal major rallies for meme crypto asset Shib Inu (SHIB) Santiment tells its 109,100 Twitter followers to watch the number of SHIB whale transactions exceeding $100,000. ADVERTISEMENT “When these transactions come in bunches, price …
Widely followed crypto trader and market analyst Lark Davis believes that Bitcoin (BTC) is shaping up for explosive growth next year. In a new video, Davis tells his 444,000 YouTube subscribers that recent Bitcoin accumulation by long-term holders indicates that 2022 “may be more bullish than anyone can possibly imagine.” ADVERTISEMENT Looking at a …
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Pop icon Mariah Carey is the latest celebrity to embrace Bitcoin (BTC) through the Winklevoss-led Gemini cryptocurrency exchange, offering another sign that digital assets are becoming mainstream. In a video message to her 10.2 million Instagram followers, Carey announced Tuesday that she is partnering with Gemini to boost Bitcoin adoption and support girls of color …
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