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 …
Category archives: Trending Crypto news
Bitcoin steals $47K from bears as critical BTC price resistance crumbles
Bitcoin (BTC) tentatively reclaimed $47,000 on Sept. 15 in a move which analysts believe should open up the path to $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls escape another retest of lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being crucial to flip for bullish …
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Coinbase increases junk bond offering to $2B after investors swarm
Leading U.S.-based cryptocurrency exchange Coinbase has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion. According to Economic Times, at least $7 billion worth of orders were placed in competition for equal quantities of seven and 10-year bonds, offering …
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Fidelity lobbies SEC to approve Bitcoin ETF in private meeting
Multinational financial services firm Fidelity Investments has pressed the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (EFT). A private meeting was held on Sept. 8 between Fidelity Digital Assets President Tom Jessop, six of the firm’s executives and several SEC officials. The finance executives laid out a number of reasons why …
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PrimeDAO raises $2M to build cooperative platform for DAOs
PrimeDAO, a project seeking to facilitate greater coordination and cooperation between decentralized autonomous organizations (DAOs) in the DeFi sector, has secured $2 million in seed funding. According to an announcement shared with Cointelegraph, the round featured participation from notable DeFi investment funds including Signum Capital, LD Capital and Stacker Ventures. The funds will be used …
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Bitcoin billionaires back ‘moonshot’ scheme to resurrect woolly mammoths
Bitcoin billionaires Tim Draper and the Winklevoss twins have backed a start-up dubbed “Colossal” that is aiming to resurrect woolly mammoths as part of the effort to fight climate change. The “de-extinction” focused bioscience firm closed a $15 million funding round on Sept.13, which was led by Legendary Pictures founder Thomas Tull. The round also …
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Ark Invest to split ‘60% Bitcoin, 40% Ether’ as confidence in ETH grows ‘dramatically’
Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future. Wood’s prediction would value Bitcoin at almost $500,000 by …
Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs
The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app. Lukas Schor —a product developer at Ethereum-based crypto wallet provider Gnosis Safe — revealed the firm ran into trouble when it submitted an updated version of its app to the IOS …
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Solana and Arbitrum knocked offline while Ethereum evades attack
Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Sept. 14 at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a 45-minute period. Six hours after announcing the incident, Solana Status explained …
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US and Singapore companies collaborating: Okcoin partners with Hodlnaut
Singapore-based crypto lending platform Hodlnaut will partner with United States crypto exchange Okcoin in an effort to drive adoption and crypto transactions among users. In a Wednesday announcement, Hodlnaut said the partnership would allow its users and those on Okcoin to purchase cryptocurrencies and earn rewards on their holdings. The lending platform said Singapore-based users …
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Three reasons why the price of Elrond (EGLD) is hitting new daily highs
Decentralized finance-focused protocols are seeing a sustained upward move, and the momentum appears to be picking up pace now that the NFT sector has cooled off over the past two weeks. Since the beginning of August, Elrond (EGLD) — a scalable and secure blockchain platform designed for distributed apps and enterprise-level businesses — has been …
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ICYMI: Security and ATOs…
ICYMI is an ongoing series of blog posts memorializing important Twitter threads from thought leaders at Coinbase and beyond. In this thread from 08/26/2021, Coinbase CSO Phillip Martin shares some . ICYMI: Security and ATOs… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to …
ICYMI: Crypto Surveillance…
ICYMI is an ongoing series of blog posts memorializing important Twitter threads from thought leaders at Coinbase and beyond. In this thread from 08/2/2021, Coinbase CLO (and ex-federal magistrate judge) Paul Grewal gives his thoughts on the surveillance provision in the infra bill. @iampaulgrewal When I was a federal magistrate judge, one of my most important …
Loot Project: the first community owned NFT gaming platform
Around the Block from Coinbase Ventures sheds light on key trends in crypto. In this edition, Justin Mart and Connor Dempsey explain what Loot Project is and why it’s interesting. Pictured below, is a Loot bag: A text file consisting of 8 phrases overlaid on a black background. As it turns out, this text file …
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ICYMI: USDC Reserves…
ICYMI is an ongoing series of blog posts memorializing important Twitter threads from thought leaders at Coinbase and beyond. In this thread from 08/22/2021, Coinbase COO and President Emilie Choi clarifies the situation surrounding USDC reserves. @emiliemc Quick update on USDC. Starting September 2021, USDC reserves will be held in cash and short-duration US government …