Bitcoin (BTC) rallied above the psychological hurdle at $50,000 today for the first time since May 15. The sharp rally of the past few days has turned the sentiment bullish with many expecting the resumption of the bull run. Morgan Creek Digital co-founder Anthony Pompliano told CNBC on Monday that Bitcoin could make a blow-off …
Continue reading “Price analysis 8/23: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH”
Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were …
Widely followed on-chain analyst Will Clemente says that the argument for a Bitcoin bull trap is fading as long-term BTC holders dominate the supply of the leading cryptocurrency. ADVERTISEMENT Clemente tells his 187,300 Twitter followers that long-term holders, or entities that have held their BTC for at least six months, now own over $637 …
Advisory giant Deloitte says that crypto is driving a massive remodeling of the financial services industry. Based on results from a new survey that polled big players in the financial services industry, the firm says that “banks should embrace their inevitable digital future.” ADVERTISEMENT “Today, digital assets are disrupting the entire financial market. Indeed …
The bull market narrative has returned now that Bitcoin (BTC) price managed to briefly climb above $50,500 on August 23. A handful of altcoins have also seen their prices charge higher as the momentum in the market continues to build. For many tokens, the price has been buoyed by new exchange listings and cross-protocol collaborations …
Continue reading “WAX, Gnosis and IOST pack on gains after Bitcoin price hits $50K”
Bybit has secured new contracts with esports organizations Astralis and Alliance that will see the cryptocurrency exchange expand its footprint in the video game industry. Bybit will have its logo featured on gaming jerseys and twitch.tv streams as part of a broader strategic initiative targeting more expansive player engagements, carbon neutrality initiatives and financial education …
Continue reading “Crypto exchange Bybit signs esports deals with Astralis and Alliance”
Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg Intelligence. The financial analyst cited the consistently lower yields offered by the 30-year US …
An integration with payment processor OpenNode will allow content platform Substack to accept Bitcoin payments on-chain and using the Lightning Network. In a Monday announcement, OpenNode said it had partnered with Substack “to make it easy for writers and publications to get paid in Bitcoin.” According to OpenNode and Substack, the integration will only be …
Continue reading “Publishing platform Substack now accepts Bitcoin payments”
BTC rally continues above the key psychological level. ADA hits further all-time highs on smart contracts. Could ETH hit $6,000? BTC The Bitcoin price has moved above the key $50,000 level again as the rally shows no signs of stopping. BTC Price Index BTC has continued its rally from the support at the $30k level …
Continue reading “Bitcoin Price Crosses $50,000 Price Level Again, ADA, ETH, Aug. 23”
Dan Held, the director of growth marketing at crypto exchange Kraken, says that Bitcoin (BTC) could surge by over 500% if the top cryptocurrency follows the cycle of its 2013 bull run. In a new interview on Altcoin Daily, Held compares the current state of the crypto market to what happened in 2013. ADVERTISEMENT …
Crypto trader Lark Davis is naming four assets that he says are “nibbling away” at the market cap of leading smart contract platform Ethereum. In a new video, Davis tells his 419,000 YouTube followers that Binance Smart Chain (BSC) is one of Ethereum’s top competitors, as it enjoys the backing of global crypto exchange Binance. …
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 …
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 …
Continue reading “Visa invests $150,000 in NFT CryptoPunk Asset”
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 …
Continue reading “This time it’s different: When DeFi meets NFTs”
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 …
Continue reading “Upbit reportedly first crypto exchange to file with Korean regulators”
