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’ …
Category archives: Trending Crypto news
Bitcoin Has Already Effectively Replaced Gold, According to Billionaire Investor Chamath Palihapitiya
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 …
$10,000 Bitcoin Is a Pipe Dream for Bears, Says Crypto Analyst Benjamin Cowen – Here’s Why
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 Begins Bitcoin Mining Operation Using Geothermal Energy From Volcanoes
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 …
FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards
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 …
Bulls Regain Control Over Bitcoin Trend Strength: What To Expect
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 …
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Bitcoin S2F Creator PlanB Thinks BTC Will Reach $135k By December
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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What is BBP on the example of Nominex
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Crypto Roundup: October 4, 2021
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 …
Crypto transactions surge 706% in Asia as institutional adoption grows — Chainalysis
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 …
Tweet mocking how little value NFTs have … is turned into $5K NFT
Twitter user Lauren Walker tweeted a message claiming she was “stealing” nonfungible tokens, only to have crypto-Twitter turn around and mint her words into a token listing for thousands of dollars. In an Oct. 2 post on Twitter, Walker mockingly said her current collection of nonfungible tokens, or NFTs, was valued at more than $8 …
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Whistleblower Edward Snowden Says China Crypto Ban Only Made Bitcoin Stronger
Former Central Intelligence Agency (CIA) employee and famed government whistleblower Edward Snowden says China’s latest attempt to ban cryptocurrencies only makes Bitcoin (BTC) stronger. The ex-government contractor shares with his 4.8 million Twitter followers a post from March 13, 2020, when Bitcoin was collapsing during a Covid-19-induced market shock. ADVERTISEMENT Snowden said during that …
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These 3 indicators flashed bullish ahead of the recent Bitcoin price pump
In stock markets and the crypto sector, traders are always looking for a definite reason to explain an asset’s price action, which means it’s important to stress that correlation doesn’t imply causation. While it may be easy to connect a regulatory statement or pending legislation to the outcome of an asset’s price, there’s not always …
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Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key
Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index out of the “fear” zone and into the “neutral’ state on Oct. 4. Crypto Fear & …
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Price analysis 10/4: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, LUNA, UNI
Bitcoin (BTC) is facing rejection near $50,000, indicating that bears are not ready to give up without a fight. Many analysts expect Bitcoin to soar in the last quarter of the year and stock-to-flow model creator PlanB says the “worst-case scenario” for Bitcoin in October is $63,000 and $98,000 by November. PlanB is not alone in his …
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