Pantera Capital founder Dan Morehead is anticipating a $700,000 Bitcoin (BTC) price on the heels of rising adoption rates. Launched in 2013, Pantera Capital is a crypto asset management firm that currently oversees more than $2.8 billion in assets. ADVERTISEMENT In an interview on Yahoo Finance Live, Morehead outlines his bullish thesis, saying that …
Category archives: Trending Crypto news
The future of DeFi is spread across multiple blockchains
Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and selling of tokens. The majority of these decentralized applications (DApps) are …
Continue reading “The future of DeFi is spread across multiple blockchains”
Traders forecast $3K Ethereum price but derivatives data suggests otherwise
Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4. Traders and investors view the EIP-1559 …
Continue reading “Traders forecast $3K Ethereum price but derivatives data suggests otherwise”
Bitcoin, Ethereum and Three Crypto Assets Primed To Explode in August: Altcoin Daily
Altcoin Daily host Aaron Arnold is listing five assets that he believes are primed to take off this August. First on the trader’s list is the flagship crypto Bitcoin (BTC). Arnold says that Bitcoin is experiencing an extreme supply crunch, which over time will send BTC’s price in one direction. ADVERTISEMENT “You love to …
5 easy ways crypto investors can make money without needing to trade
Large price jumps and 100x gains get a lot of attention from pundits and influencers in the cryptocurrency community because they offer the hope of overnight riches. In reality, these opportunities are few and far between. Not to mention, only a handful of traders actually manage to catch these waves and cash out in time …
Continue reading “5 easy ways crypto investors can make money without needing to trade”
Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” Cointelegraph also recently highlighted a …
Continue reading “Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Crypto Firms Partner To Create Tax-Free Bitcoin Mining IRAs
Two crypto firms are partnering on a product that they say will allow Bitcoin (BTC) miners to deposit tax-free BTC into an individual retirement account (IRA). The Bitcoin mining marketplace Compass Mining says its miners can now use accounts from IRA provider Choice to avoid income taxes on their mining revenue in the short term …
Continue reading “Crypto Firms Partner To Create Tax-Free Bitcoin Mining IRAs”
U.S. Marshals Hire Custodian To Handle Massive Trove of Seized Crypto Holdings
The U.S. Marshals Service (USMS) is hiring crypto custody firm Anchorage Digital to handle a trove of seized cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The USMS is a law enforcement agency of the U.S. Department of Justice and a key part of the department’s Asset Forfeiture Program. The USMS’s Asset Forfeiture Division seeks …
Continue reading “U.S. Marshals Hire Custodian To Handle Massive Trove of Seized Crypto Holdings”
This Is What Needs To Happen To Secure DeFi and Crypto-Friendly Regulations, According to US Lawmaker
US Representative for North Carolina Ted Budd (R-NC) says that the US can adopt crypto-friendly regulations amid fear of the evolution of blockchain and decentralized finance (DeFi). In an interview on the Maker Speaker Series sponsored by DeFi protocol MakerDAO, the US lawmaker says that some of his colleagues in the House Financial Services Committee …
GoldenTree Asset Management is reportedly investing in Bitcoin
New York-based asset management firm GoldenTree has reportedly added Bitcoin to its balance sheet, though the amount of this supposed investment remains unknown. According to a Friday report from financial news outlet The Street, the firm with roughly $45 billion in assets under management has purchased some Bitcoin (BTC) but has seemingly shied away from …
Continue reading “GoldenTree Asset Management is reportedly investing in Bitcoin”
Binance completes Polygon wallet integration
Binance has fully integrated the Polygon (MATIC) mainnet onto its platform, according to a press release. From now on, Binance traders can deposit and withdraw MATIC through their Binance accounts while also interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, and more. This integration is meant to ensure that traders can utilize said …
Continue reading “Binance completes Polygon wallet integration”
NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne
Women looking for a way to enter a male-dominated space like crypto and blockchain may be drawn in by nonfungible tokens, according to Women in Blockchain Talks founder and host Lavinia Osbourne. Though the ongoing pandemic has left people in many countries in financial trouble — whether by losing their jobs, being unable to physically …
Continue reading “NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne”
Here’s What’s ‘Accidentally’ Boosting Crypto Adoption, According to US Senator Cynthia Lummis
US Senator Cynthia Lummis of Wyoming says the adoption of cryptocurrencies is being driven primarily by one thing. Senator Lummis says that a loose fiscal policy is working in favor of cryptocurrencies such as Bitcoin and is an “undesirable way” to popularize the asset class. ADVERTISEMENT “Big [government] spenders are (accidentally) doing far more …
Avalanche launches upgraded bridge, prepping DApps for mainstream adoption
Avalanche (AVAX) is replacing its months-old Avalanche-Ethereum Bridge, or AEB, with the aptly named Avalanche Bridge, or AB, according to a Medium post from the company. This newer bridge is allegedly fives times cheaper than the previous one and will act as a “growth engine” for the project’s future. The post notes that the AB …
Continue reading “Avalanche launches upgraded bridge, prepping DApps for mainstream adoption”
Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern
Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project’s founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens atop their public ledger. Moreover, an NFT and DeFi Marketplace called the Spores Network, which raised $2.3 …