Former Goldman Sachs executive Raoul Pal says he believes the remaining months of 2021 will be extraordinary for the crypto markets. In a new Real Vision Finance interview, Pal says he expects Bitcoin and the broader crypto markets to have a big run-up by the end of the year. ADVERTISEMENT “Generally speaking, the last …
Category archives: Trending Crypto news
EU set to invest $177B in blockchain and other novel technologies
The European Union is reportedly looking to bolster technological development in the region with a planned $177 billion investment war chest. According to Bloomberg, EU officials plan to fund direct investments in areas like blockchain, data infrastructure, 5G, and quantum computing among others. The planned $177 billion investment fund is about 20% of the 750 …
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OpenSea exec used the platform’s influence to pump his own NFTs
An OpenSea executive has been outed for hyping nonfungible tokens he purchased and then featuring them on the homepage of the popular NFT marketplace — a move that presumably allowed him to sell the art pieces for a quick profit. Nate Chastain, who serves as OpenSea’s head of product, allegedly used burner wallets to purchase …
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BTC price hits $48K with little resistance left before $50K retest
Bitcoin (BTC) quickly returned to $48,000 during Sept. 15 as BTC/USD continued on the path to a $50,000 retest. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin takes aim at $50,000 Data from Cointelegraph Markets Pro and TradingView tracked the largest cryptocurrency as it beat out thin resistance above $47,000 to zone in on psychologically significant …
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MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies
The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of non-financial …
SEC Chair Gary Gensler Calls Digital Asset Market the ‘Wild West,’ Invites Crypto Platforms to a Dialogue
The chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler says that cryptocurrency investors are inadequately protected. Testifying before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, Gensler stated that cryptocurrency investors are vulnerable to scams and other illegal activities due to the lack of “enough investor protection” in …
Why hardware wallets might not offer as much protection as you think, explained
The issues facing hardware wallets are not exclusive to the crypto sector by any means. Across multiple sectors around the world, there are a number of industries that have critical systems. They face the same challenge: Remaining up to date and fortified against attacks from the people who are trying to infiltrate. Every government runs …
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Turkish central bank taps local tech firms for digital currency R&D
The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital. On Sept. 15, CBRT announced the signing of memoranda of understanding with three domestic research and technology companies that will form the “Digital Turkish Lira Collaboration …
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Bitcoin has now been above $10K for a whole year
Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021. While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. BTC/USD: One year in five figures On Thursday, BTC/USD officially hit 365 days trading …
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The ongoing NFT boom: Can supply of nonfungibles outweigh demand?
Nonfungible tokens, or NFTs, have taken the cryptocurrency sector by storm in 2021. The growing interest in these digital collectibles resulted in record-breaking trading volumes during the month of August, with individual NFT sales exceeding more than $1 million dollars on a regular basis. Yet with so many NFTs currently on the market, it can be …
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Solana Inflows Dwarf Bitcoin Investments As Institutions Diversify to Other Crypto Assets
High-performance blockchain Solana (SOL) is growing in popularity among cryptocurrency investors, threatening more established crypto asset investment products. According to digital asset management firm CoinShares, the seventh-largest cryptocurrency by market cap saw more inflows than Bitcoin and Ethereum during the week ending September 13th. ADVERTISEMENT During the period when the cryptocurrency market largely saw …
Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebounds
Uniswap (UNI) was among the best performers among the top cryptocurrency tokens by market capitalization in the previous 24 hours, logging better gains than other top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB). On Wednesday, the UNI/USD exchange rate jumped 13.26% to hit a seven-day high of $25.68. Traders continued to bid …
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Hong Kong landlords lease to crypto exchanges following regulatory clarity
Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, director of Hongkong Land, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations set by the …
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Morgan Stanley launches cryptocurrency research team
Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency strategist covering G10 currencies for more than eight …
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Whole Bitcoin Ecosystem Flashing Signs of Bullishness, According to On-Chain Analyst Willy Woo
Top on-chain analyst Willy Woo says the entire ecosystem of Bitcoin buyers is telling him that the BTC market remains largely bullish. In a new tweetstorm, Woo informs his 723,300 followers that he sees an immense distribution phase playing out in Bitcoin. ADVERTISEMENT “Bitcoin continues to distribute coins evenly. Publicly held and retail entities …