Popular crypto analyst and trader Benjamin Cowen is revealing what he thinks are the best-case scenarios for Cardano (ADA). In a new strategy session, Cowen says that one possible scenario for ADA is a slow grind around the 20-week simple moving average (SMA) before making another leg higher from its current prices. ADVERTISEMENT “A …
Category archives: Trending Crypto news
Thai SEC issues license to Ethereum-based real estate project
The Securities Exchange and Commission of Thailand (SEC) has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly-owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, the firm …
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Crypto.com expands insurance program to cover $750M
Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s ten million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with Lloyd’s Syndicate 12, the company announced Monday. The policy, …
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‘We are at war’ with crypto, says Turkish President Erdoğan
Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn’t apply to cryptocurrencies, as Turkish President Recep Tayyib Erdoğan reiterated recently. Erdoğan hosted a question-and-answer event in Mersin, Turkey with youth from across the country. An attendant referred to the …
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Bitcoin Whales Have Bought Staggering $8,800,000,000 in BTC Since Mid-July, Says On-Chain Analyst Will Clemente
A popular on-chain analyst says that crypto whales have been buying up Bitcoin (BTC) at an astonishing rate in recent months. Citing data from Glassnode, Will Clemente tells Bitcoin bull Anthony Pompliano that even though whales, or entities with at least 1,000 BTC, unloaded Bitcoin in May, they started “aggressively buying” the top crypto just …
El Salvador acts on Bitcoin price dip and buys 150 BTC
Despite warnings from global agencies regarding its adoption of Bitcoin (BTC), El Salvador’s government continues to seize market opportunities. As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC, …
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‘Best bear market ever’ — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week with a decidedly bearish move — but one which fails to shake investor confidence in the bull run. A mixed weekend saw BTC/USD close above $47,000, only to lose all of its previous gains to challenge $45,000 support hours later. It’s a delicate situation — not just Bitcoin, but …
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Optimism announces upgrades enabling ‘one-click’ roll-up deployment
According to a blog post published by Optimism on Sept. 18, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October. “Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,” the post highlighted, adding: Optimism, the Ethereum Foundation-backed team …
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Latest DeFi hack targeting BSC sees $12.7M in Bitcoin stolen from pNetwork
Cross-chain DeFi platform pNetwork has become the latest protocol to be targeted by hackers on Binance Smart Chain, reporting a loss of roughly $12.7 million worth of Bitcoin. According to a Twitter thread published by pNetwork on Sept. 20, the incursion resulted in 277 pBTC being siphoned from the exchange. The hackers made off with …
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Coinbase signs new $1.36M contract with US Customs enforcement agency
Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million. Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration and Customs Enforcement division (ICE). The contract took effect on Sept. 16 …
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Skybridge Capital Applies For Cryptocurrency ETF And Accumulates $100 Million For ALGO Fund
A statement from Anthony Scaramucci has revealed the total crypto worth of an Alternative investment firm in Australia’s SkyBridge Capital. He stated that SkyBridge holds crypto worth $700 million presently. The alternative investment firm has filed for a cryptocurrency company ETF which simply means a crypto-based exchange-traded fund. Related Reading | New To Bitcoin? Learn To …
Recent Analysis Compares Waste From One Bitcoin Transaction To Throwing Out Two iPhones
There have been many studies that have highlighted the carbon footprint and electricity usage problems of Bitcoin transactions. Founder of Digiconomist Alex de Vries and researcher at MIT’s Center for Energy and Environmental Policy Research, Christian Stoll, released a new study that shines a light on the electronic waste that Bitcoin generates. Related Reading | How …
Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible
Upon its launch, Internet Computer took the crypto market by storm. It’s an ambitious project, supported by some major names in the industry. Designed and created by the DFINITY Foundation, it aims to give more power to the people over the Internet, and it could potentially take it into a new stage powered by its …
Say Goodbye to the Centralized Metaverse and Hello to the NFT Metaverse
The centralized metaverse is a term used to describe the dominant model of virtual worlds that was developed by companies like Linden Lab. The centralized metaverse has been around for over 20 years and has become a big part of people’s lives. In the early days of the Internet, there were many different ways to …
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After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius
Earlier this year, crypto lending platform BlockFi started facing the heat from state regulators in New Jersey, Texas, and Alabama. Other states have joined the fold since then, as well. Celsius this week is now facing similar cease and desist demands from all three of the same states that BlockFi first faced. Let’s take a …
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