The Bank of America Corporation (BoA) has published a research report offering a bullish outlook for the long-term prospects of cryptocurrency. The report, published on Oct. 4 by BoA subsidiary, BofA Securities, offers a nuanced appraisal of the digital asset sector that highlights innovation taking place within the decentralized finance (DeFi) and nonfungible token (NFT) …
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HodlX Guest Post Submit Your Post Recently, Walmart was the subject of a fake news release, which announced that the big box giant established an agreement with Litecoin that ultimately would end in the retailer accepting the cryptocurrency as an accepted method of payment. While the Twitterverse buzzed with skeptics, Litecoin immediately jumped over 20% …
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There has been another twist in the ongoing battle between distributed ledger technology firm Ripple and the U.S. Securities and Exchange Commission (SEC). On Monday, Oct. 4, U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. The determination comes after a number of …
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Bitcoin mining operations are on the path to full recovery following the most dramatic short-term disruption in network history earlier this year, and miners are reaping the rewards in revenues. In its Oct. 4 Week on Chain report, on-chain analytics provider Glassnode reports that Bitcoin hashrate has largely recovered despite 50% of the network’s hashing …
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Institutional investors are pivoting back to digital gold with Bitcoin (BTC) investment products posting a third consecutive week of inflows. According to CoinShares’ latest Digital Asset Fund Flows Weekly report, BTC investment products generated $68.7 million worth of inflows between Sept. 27 and Oct. 1, representing a 36% increase in exposure week-over-week. While products tracking …
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Digital asset manager CoinShares is tracking inflows from institutional investors as capital pours into Bitcoin amid improving sentiment in the crypto markets. CoinShares says Bitcoin appears to be picking up traction again after Federal Reserve Chairman Jerome Powell recently told investors that the Fed has no plans to ban Bitcoin. ADVERTISEMENT Data from CoinShares’ …
Billionaire investor and former Facebook executive Chamath Palihapitiya says that Bitcoin (BTC) has already effectively replaced gold as a store of value. In a new CNBC interview, the founder and CEO of Social Capital shares why he believes the market share of the flagship cryptocurrency will continue to grow. He also predicts a swath of …
Closely followed crypto analyst Benjamin Cowen says the idea of Bitcoin collapsing all the way down to $10,000 is a pipe dream for BTC bears. In a new strategy session, Cowen tells his 557,000 subscribers that Bitcoin was consistently putting in lower highs and lows, up until its recent spike out of the trend at …
El Salvador has begun mining Bitcoin (BTC) using geothermal power harnessed from volcanoes. Salvadoran President Nayib Bukele, who spearheaded the country’s move to adopt BTC as legal tender, revealed a video teaser to his 2.9 million followers showing clips of the new mining facility. ADVERTISEMENT Bukele also shared a screenshot of a wallet that …
COTI is set to launch bank accounts and Visa debit cards for its users. The company which is building the very first stablecoin on the Cardano blockchain is moving forward with new products to expand its service offerings to its clients. COTI had announced that it had partnered with Simplex to bring this project to …
Bitcoin bulls are back in charge, so to speak. The headline alone makes quite a statement, and there are no doubt several readers questioning how one might draw such conclusion after only a small move and lack of new highs. The conclusion has been made for us all, depending on what the Average Directional Index …
Continue reading “Bulls Regain Control Over Bitcoin Trend Strength: What To Expect”
Creator of the popular Bitcoin price prediction chart “stock-to-flow”, PlanB, puts $135k target for BTC by December 2021. What Is The Bitcoin Stock-To-Flow Model? The BTC stock-to-flow (S2F in short) method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock (current supply) and the flow (annual production). …
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Bitcoin has started October with a bang, exploding towards $50K in hope of a long-awaited ETF approval. The leading crypto added 10% in just a few hours on Friday, as traders cheered for “Uptober” and celebrated the support of some of the loudest regulatory voices. Securities and Exchange Commission (SEC) chairman Gary Gensler renewed his …
Emerging markets across Central and Southern Asia have registered a dramatic uptick in cryptocurrency transactions, highlighting a diverse range of motivations among locals for gaining exposure to digital assets such as Bitcoin (BTC) and Ether (ETH). New research from blockchain analytics firm Chainalysis finds that crypto transactions surged 706% in Central and Southern Asia and …
