Bitcoin (BTC) is wowing the market by holding $50,000, but a bullish metric is pointing to much larger potential gains. Data from TradingView now clearly shows that the weekly moving average convergence/ divergence (MACD) indicator for BTC/USD has flipped from red to green. Time for another 5.5X BTC price surge? There is no shortage of …
Category archives: Trending Crypto news
Visa invests $150,000 in NFT CryptoPunk Asset
Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017. In a blog post announcement released on Monday, Cuy Sheffield, head of crypto at Visa and …
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This time it’s different: When DeFi meets NFTs
With decentralized finance and nonfungible tokens seeing a meteoric rise, it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the …
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Upbit reportedly first crypto exchange to file with Korean regulators
Major South Korean cryptocurrency company Upbit has reportedly submitted a business report with the Korean Financial Intelligence Unit (FIU). Upbit reported its digital asset business to the FIU, which operates under South Korea’s top financial regulator, the Financial Services Commission (FSC). Upbit’s operator, Dunamu, announced the news on Friday, The Korea Economic Daily reported. Upbit …
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Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction
Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, …
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Xiaomi India needs regulatory clarity to embrace crypto, says exec
Xiaomi India — the subcontinent’s branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government. The firm’s managing director, Manu Jain, said in an interview with The Economic Times, “We will want to wait for all the regulatory things. Of course, crypto is an area, which …
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Crypto ‘not protected by law,’ rules provincial high court in China
Yet another blow has been dealt to China’s cryptocurrency community, with news of a new high court ruling in the Shandong province that has drawn out the consequences of crypto’s lack of legal status in the country. As the South China Morning Post (SCMP) reported, the case in question was an appeal against a ruling this …
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Bitcoin Ready To Resume Its Uptrend and ‘No Longer a Sideshow,’ Says Fidelity Macro Strategist
Jurrien Timmer, global macro director at financial giant Fidelity, says Bitcoin (BTC) looks primed to resume its uptrend as the leading cryptocurrency threatens to rally above $50,000. In a new tweetstorm, Timmer tells his 62,800 followers that BTC is “no longer a sideshow” as the king crypto’s market cap inches closer to previous highs. ADVERTISEMENT …
Google bans 8 ‘deceptive’ crypto apps from Play Store
Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service. Fraudulent mobile applications have now become a popular method to mislead unwary users with high success rates. Trend Micro’s latest research discovered eight Android applications that were exploiting crypto …
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81% of finance execs say blockchain has gone mainstream: Survey
Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte. According to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption. Released last …
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$50K BTC price vs. the Fed — 5 things to watch in Bitcoin this week
Bitcoin (BTC) is back at $50,000 as a new week gets underway with a bang. After a strong weekend, Bitcoin finally crossed the long-awaited $50,000 mark overnight on Aug. 22. Along with a firm sense of deja vu, traders are naturally curious as to what will happen next — and crucially whether Bitcoin has bitten …
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Coinbase warns infrastructure bill’s crypto provisions could impact 20% of US population
Coinbase’s Global VP of tax, Lawrence Zlatkin, has taken aim at the rushed cryptocurrency provisions added to Congress’ bipartisan infrastructure bill “at the last minute,” slamming lawmakers for hastily inserting amendments that could impact “60 million Americans.” In an Aug. 21 blog post taking aim at an Aug. 19 editorial article from Bloomberg that praised …
Congress has put forward 18 bills on digital assets in 2021 so far
The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so far. According to analysis published by former Federal Deposit Insurance Corporation regulator, Jason Brett, on August 22, the current 117th Congress has broken from its predecessor in focusing on regulating …
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Bitcoin price tags $50K for first time since May
The Bitcoin (BTC) price was back on the offensive late Sunday, touching $50,000 for the first time since May and signaling that the bull market was fast approaching its second leg. The BTC price peaked at $50,270.00 on Bitstamp, having gained 3% on the day, according to Cointelegraph Markets Pro. The largest cryptocurrency has a …
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Got Bitcoin? Hip Hop Icon Busta Rhymes Considers Getting Payments in BTC
Hip hop legend Busta Rhymes says he’s considering trying to get paid in Bitcoin (BTC). ADVERTISEMENT The “Break Ya Neck” superstar told his 3.8 million fans on Twitter that he was thinking about accepting BTC for concerts and other business dealings. GOOD MORNING! thinkin about gettin’ payment in #Bitcoin for shows and future business dealings.Should …
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