Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are …
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Billionaire Orlando Bravo recently revealed his stance on crypto. Talking to CNBC, Bravo revealed that he indeed held bitcoin and held a very bullish stance on the future of the digital asset. The billionaire appear at the Delivering Alpha conference where he openly expressed his love for crypto. Bravo highlight some of the best features …
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The Chinese crackdown on mining activities has awakened a lot of decisions and actions. Many miners are already trooping to the US, the new mining hub, to continue their operations. Recently, the NDRC (National Development & Reform Commission) in China seized more than 10,000 mining rigs in Inner Mongolia. The report even disclosed that the …
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Well, it finally happened. The regulation-driven crypto-apocalypse in China. They started by clamping down on miners earlier this summer before finally tightening the …
A popular crypto trader and analyst is predicting Bitcoin’s (BTC) upcoming price action will mirror the chart of one explosively successful altcoin. The pseudonymous trader known as Kaleo tells his 388,400 Twitter followers to stack BTC and compares Bitcoin’s chart to the smart contract platform Terra (LUNA). ADVERTISEMENT $LUNA vs. $BTC Remember the big …
The mayor of Cool Valley, Missouri, says that he’s secured enough funds to airdrop Bitcoin (BTC) to every household in his jurisdiction. In a new interview with Bitcoin Magazine Podcast, Mayor Jayson Stewart says that he’s going to give each of his 1,500 constituents $1000 worth of Bitcoin as a way of combating financial inequality. …
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Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China’s goal …
Continue reading “DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation”
Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale. Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some services …
Continue reading “Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes”
Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not in the cards. Speaking in response to a question from Republican Representative Ted Budd of North Carolina, Powell clarified that a China-style ban on digital assets …
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Cryptocurrency giant Coinbase is adding support for a top-20 altcoin that competes with Ethereum (ETH). Coinbase says it is listing the smart contract platform Avalanche (AVAX) on its professional trading platform by first accepting inbound transfers and then allowing trading once liquidity reaches desired levels. ADVERTISEMENT “Starting today, Wednesday, September 29, we will begin …
Business magnate Elon Musk says that there’s nothing governments can do to stop the growth of cryptocurrencies. In a new interview at Code Conference 2021, Musk advises that governmental bodies should “do nothing” when it comes to regulating the crypto industry, and if they try, the best they can do is merely slow it down. …
The U.S. Senate is putting legislation in place that will compel the Secretary of the Treasury to submit a report to Congress on cryptocurrencies and their usage across the globe. The bill, jointly introduced by Senators Maggie Hassan (D-NH) and Joni Ernst (R-IA), directs the Secretary of the Treasury to commission a report examining global …
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A new altcoin built on the Solana (SOL) network is surging after being listed on the global cryptocurrency exchange Binance. Launched in December of last year, the Bonfida (FIDA) product suite was built with three main objectives targeting the future of decentralized finance (DeFi) within the Solana realm. ADVERTISEMENT According to the Binance announcement, …
Later today, the United States House of Representatives is expected to vote on the bipartisan Infrastructure Investment and Jobs Act of 2021, a bill authorizing sweeping investments in domains such as passenger rail, bridge repair, clean water and wastewater facilities, clean energy transmission, and universal access to high-speed internet. In addition to that, tucked into …
Social media platform TikTok has announced its first foray into the nonfungible token, or NFT, market with a new collection inspired by its leading trend-setters. On Thursday, the company announced TikTok Top Moments, a new program that allows content creators to be recognized and rewarded for their content. The NFT drops will be launched on …
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