Ray Dalio is saying that Bitcoin (BTC) has stood the test of time, but believes that the overall crypto market still faces challenges ahead. In a new interview with CNBC’s Andrew Ross Sorkin, the Bridgewater Associates hedge fund founder explains why the benchmark crypto is a viable alternative currency. ADVERTISEMENT “It has a limited supply, …
Category archives: Trending Crypto news
Binance Educates the World – A Recap of Its Efforts in Africa
As a leader in blockchain education, Binance has provided free crypto classes to over 400,000 Africans, on topics ranging from user protection to building a career in blockchain. In this article, you’ll learn more about our efforts to increase crypto literacy in Africa, the different educational channels we provide and the milestones we’ve achieved in …
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Visa’s Estonian Partner Wallester Invests in NFT
The general level of cryptocurrency acceptance around the world is actively increasing. The other day we learned that Visa, Inc. purchased a collectible NFT token from the CryptoPunk collection for $150,000, taking another step toward investing in the NFT sphere. The company noted the high prospects of NFT technology, calling it the future of commerce …
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Binance’s Commitment to Responsible Trading and Combating Distrust
It has come to our attention that a very small number of individuals are discussing on social channels ways to create distrust and demand settlement offers from Binance. These include spreading fake news, scam messages and even potentially fraudulent and defamatory materials. So, we would like to remind the community to stay alert and exercise …
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Mt. Gox creditors may receive nothing if they fail to vote by Friday
Creditors from the now-defunct crypto exchange Mt. Gox have until Friday Japan time to vote on a rehabilitation plan that could pay back millions in lost Bitcoin (BTC). Figures including Blockstream founder Adam Back and former Mt. Gox CEO Mark Karpelès took to social media this week to remind crypto users of the looming deadline. Claimants representing …
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Compound unanimously passes proposal to repair bug
Compound Finance announced the passing of Proposal 064 on Thursday, titled the “Fix COMP Accrual Bug.” The proposal states that this update will attempt to “patch the bug introduced in Proposal 62 and pessimistically allow COMP reward withdrawals until the bad COMP accruals can be fixed.” The proposal, which was written primarily by the same …
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Stockbroker platform Public.com adds crypto trading feature
Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers. In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app they use to manage their stock portfolios. According to the announcement, the new crypto …
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Raoul Pal Warns Global Economic Slowdown Incoming – Here’s His Stock Market, Bitcoin, and Crypto Forecast
Real Vision CEO and macro economic guru Raoul Pal believes a global economic slowdown is coming. In a new interview on the Best Business Show, Pal cites several indicators that he says suggest there will be slower economic growth and therefore more stimulus from governments. ADVERTISEMENT “The work that I’ve been doing suggests that …
CME Bitcoin derivative traders had ‘paper hands’ as BTC broke $55K — Report
Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week. Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions also climbed, indicating that …
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Bitcoin hints at $1T market cap retest after price hitting 4-month highs
Bitcoin (BTC) took a trip below $54,000 during Oct. 7 as traders waited to see how far a retracement of Wednesday’s $5,000 gains could go. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC flirts with $1-trillion asset support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD looking decidedly less confident Thursday, down 3% while taking …
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Cointelegraph Consulting: Terra’s bullish case after Columbus-5 upgrade
Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology. LUNA currently sits in fourth place in total value locked …
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Stader Labs completes $4M funding raise to expand crypto staking
Stader Labs, a cryptocurrency staking management platform, announced a $4 million financing round to accelerate development across multiple blockchains, including Ethereum, Near and Polkadot as well as broadening its marketing campaigns on Thursday. The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds, blockchain foundations and angel …
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Coinbase Launches Support for Four Ethereum-Powered Altcoins, Triggering Massive Rallies
Coinbase is adding four new crypto assets to its arsenal of altcoins, triggering a number of epic price rallies. The first addition to Coinbase Pro is the Ethereum-based (ETH) governance token Function X (FX), which is designed to power a cross-chain platform for decentralized applications and financial services. ADVERTISEMENT Users can stake FX to …
3 warning signs suggest the Bitcoin price rally is overextended
Bitcoin (BTC) faced fresh doubts over the strength of its bull run on Oct. 7 as analysts eyed a potential reversal of Wednesday’s short squeeze. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding rates in the red zone Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hovered near $54,000 after failing to establish …
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SEC Will Not Follow China’s Blanket Ban on Bitcoin and Crypto Assets, Says Chairman Gary Gensler
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says his agency is not looking to pursue a China-style crackdown on crypto assets. In a virtual hearing with the U.S. House Committee on Financial Services, Gensler says that the SEC will not ban cryptocurrencies because it is a decision that legislators would …