Bitcoin price is only striking distance away from potentially setting a new all-time high, or only about a 15% move higher for the new record to be set. As the top-ranked cryptocurrency surprisingly weathers the macro turmoil as of late, altcoins have suffered dramatically and for the most part bled while BTC has been rising. …
Continue reading “Analyzing Altcoin Season And The Impact Of A New Bitcoin All-Time High”
As Bitcoin rallies past $57k, Quant explains using on-chain analysis why the cryptocurrency may see a pullback here. Bitcoin Funding Rate And Futures Open Interest Show Rising Values As explained by an analyst in a CryptoQuant post, some BTC indicators are showing values that have historically signaled that a correction could be coming soon. The …
Continue reading “As Bitcoin Breaks $57k, Quant Explains Why It Could See A Pullback Here”
Risks such as flash loan exploits, hacks, and stablecoin de-pegging are a serious deterrent for DeFi adoption. Now Steady State is seeking to push DeFi out of the “fear zone” by insuring funds held on decentralized protocols. Insurance for DeFi Steady State is launching a comprehensive insurance solution for decentralized finance (DeFi). The project shifts …
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U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction times and rising fees. According to a job listing page on Stripe’s website, the …
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Volatility continues to be the name of the game for nonfungible tokens (NFTs) amid the rollercoaster valuations and volume surges, but a new trend appears to be emerging in the sector. Aesthetic appeal aside, for many investors, buying an NFT is akin to casting a bait-laden hook into an opaque body of water and hoping …
Continue reading “Airdrops, DAOs, token issuance and public domains are the next frontier for NFTs”
Billionaire investor and CEO of venture capital firm Social Capital, Chamath Palihapitiya, says the US can no longer effectively ban Bitcoin and crypto. In a new All-In Podcast interview, the former Facebook executive says Bitcoin and the rest of the crypto markets have become too large for the US government to put a stranglehold on …
One hot altcoin is a prime example of the crypto industry’s rapid expansion into other sectors of the economy, according to Coinbase CEO Brian Armstrong. Armstrong shares a new Coinbase blog post to his 862,000 Twitter followers detailing the rise of Axie Infinity (AXS), the non-fungible-token-focused (NFT) play-to-earn video game that has recently exploded into …
A popular crypto market analyst thinks an upcoming Bitcoin move could leave altcoin traders underexposed to the top crypto asset. The pseudonymous trader known as Altcoin Sherpa tells his 133,300 Twitter followers that the Bitcoin dominance chart over the crypto market looks bullish, which typically corresponds with a bleed out from altcoins against their BTC …
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While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit trading by its citizens. According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian …
Popular crypto analyst Nicholas Merten of DataDash is looking at one key metric to explain what’s fueling Bitcoin’s bull run towards new all-time highs. In a recent Bitcoin update, Merten tells his 473,000 subscribers that investors are holding Bitcoin (BTC) for longer and longer periods of time, which bodes well for his year-end targets of …
Macro investor and former Goldman Sachs executive Raoul Pal says four altcoins are closely following the strong adoption curves laid out by leading cryptos Bitcoin (BTC) and Ethereum (ETH). In a new interview on Anthony Pompliano’s YouTube channel, Pal names four crypto assets with rapid network adoption trajectories that mirror BTC and ETH. ADVERTISEMENT …
US Senator Ted Cruz (R-TX) says that Bitcoin (BTC) mining provides an opportunity to use energy that would otherwise be wasted. Speaking at the Texas Blockchain Summit, Sen. Cruz explains how Bitcoin mining could capture unproductive energy in the form of natural gas. ADVERTISEMENT “Fifty percent of the natural gas in this country that …
By distributing profits from transaction fees, Kinesis provides a genuine low-risk alternative to investors at a time of uncertainty and heightened risk among traditional investments. On September 30, 2021, Kinesis Money – the monetary system based on 1:1 allocated gold and silver – launched its ‘holder’s yield,’ whereby a portion of the yield pool, currently valued at $17.5 …
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Ether (ETH) price is lagging Bitcoin’s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve …
Continue reading “Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval”
Major crypto exchange Coinbase has announced it will be opening a waitlist for a nonfungible marketplace it plans to launch later this year. In an Oct. 12 blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover, and showcase …
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