The Shiba Inu (SHIB) market is in a very strong bull market in 2021, and one major continuation pattern on its longer timeframe charts highlights the scope for an additional 90% upside move ahead. In detail, SHIB rose over 1,250% year-to-date (YTD) to establish the yearly high at $0.00003528 (data from Binance) on Oct. 8. …
Category archives: Trending Crypto news
ProShares Bitcoin ETF to debut on NYSE on Oct. 19
The first Bitcoin (BTC) futures-linked exchange-traded fund in the United States, ProShares’ Bitcoin Strategy ETF, will begin trading on the New York Stock Exchange on Tuesday under the ticker BITO. ProShares CEO Michael Sapir said the launch marks an important milestone for cryptocurrency ETFs in the U.S. following several years of effort to list one …
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Lushsux: A decade of ass-whoopin’ and skullduggery in a single NFT
Lushsux’s street art is celebrated by Banksy and Beeple; his NFTs have made millions; and he has a landmark auction planned for a “major auction house” next March — but he’s still very much a man of the people. The artist is showing me around his studio warehouse in inner-city Melbourne but gets concerned when …
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Report: Indonesia leads global surge in interest in crypto
Amid the ongoing growth in cryptocurrency adoption worldwide, countries like Indonesia and Chile have seen a significant influx of public interest in cryptocurrencies like Bitcoin (BTC), according to new data. According to a Friday report by Australian blockchain education startup Coinformant, Indonesia has been leading the world in crypto interest in 2021. The fastest growing crypto …
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XRP and Cardano Are the Most Popular Crypto Assets in the UK: Report
XRP and smart contract platform Cardano (ADA) are reportedly the most popular crypto assets among retail traders in the UK. Citing data from the social trading platform eToro, Finance Magnates says that in Q3 of 2021, retail investors in the UK chose XRP more than all other digital assets, allowing the altcoin to retain its …
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Epic welcomes blockchain games but don’t expect any Fortnite NFTs
Gaming platforms are choosing sides on blockchain, cryptocurrencies and nonfungible tokens (NFTs) within their respective ecosystems. Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store showed a welcoming attitude for blockchain developers and the use of crypto in video games. Epic Games CEO Tim Sweeney said that …
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Bitcoin Will Not Hit $100,000 by December 2021 if This Pattern Persists, According to Analyst Who Nailed Crypto Crash in May
Bitcoin will likely not be seeing $100,000 by December even amid its rapid growth over the last few weeks, according to the crypto analyst who accurately called BTC’s collapse in May. The analyst known as Dave the Wave tells his 80,000 followers that Bitcoin has been grinding higher in an ascending channel since it bounced …
New York businesses ask governor to deny permits for crypto mining
The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by a number of organizations, businesses and labor groups. The letter calls for an …
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All-time high weekly close — 5 things to watch in Bitcoin this week
Bitcoin (BTC) simply refuses to die this week as a dip below $60,000 barely lasts an hour and bears are burned yet again. After a fairly calm weekend, Sunday saw a typical drawdown before a dramatic resurgence took place for BTC/USD just an hour later. With that, Bitcoin has preserved not only its bullish trajectory …
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Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF
Institutional investment giant Grayscale is reportedly considering converting its Bitcoin Trust into a physically settled exchange-traded fund (ETF). On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund. After having taken to Twitter to criticize …
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Mexican medical firm embraces blockchain for covid test certificates
Medical services company MDS Mexico has launched a rapid covid-19 testing service that uses blockchain technology to verify results. According to a Oct. 17 report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are also physically delivered, featuring …
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Retro NFT packs drive frenzied Top Shot speculation
Trade volume for NBA Top Shot’s nonfungible tokens has skyrocketed over the weekend following the launch of their retro Run It Back 2005-06 packs on Friday, Oct. 15. According to Crypto Slam, daily volume on Top Shot’s marketplace jumped by more than 440% from $829,520 on Oct. 14 to more than $4.5 million the next …
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Grayscale Investments Set to File for Bitcoin Spot ETF as Competition Heats Up
Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week. Grayscale, which has been the dominant player in the digital asset space, is now looking to revamp its fund due to competition. First Bitcoin Futures ETF Set to …
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Bank Of England Will Scramble To Buy BTC Before It Hits $1 Million, Says Bitcoin Maximalist
Bitcoin expert Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million. His comments come after Bank of England’s deputy governor for financial stability, Jon Cunliffe, warned that cryptocurrencies could spark a global financial crisis unless tough regulations are introduced. Although regulators in many …
How Intellectual property could be Transferred through the Blockchain Ecosystem
While the world has evolved from storing and transferring information from paper to cloud storage, data is still not entirely protected. The existing cloud storage system used for sharing information while encrypted is centralized, and centralized systems have the inherent disadvantage of being vulnerable to hacks and attacks. However, decentralized solutions such as blockchain technology …
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