Bitcoin’s (BTC) recovery is facing resistance near $32,500, suggesting that the ride higher may not be an easy one. However, a positive sign is that demand for cryptocurrencies remains strong and lower levels continue to attract buyers. A survey of 150 family office clients of Goldman Sachs shows that 15% have already invested in crypto-assets …
Continue reading “Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January. The new token, which is built on Binance Smart Chain, is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor. In addition to increasing the altcoin’s …
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Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility …
Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by the Associated Press on Friday, Massena town officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns. Steve O’Shaughnessy, a Massena …
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The Stellar Development Foundation reportedly wants to acquire payments giant MoneyGram. Citing people familiar with the matter, Bloomberg reports that the non-profit organization behind the blockchain payment platform Stellar Lumens (XLM) is working with Boston-based private equity firm Advent International on the potential acquisition. ADVERTISEMENT The two firms have already contacted MoneyGram, but a …
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Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs). During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pointed out that many other countries such as Canada have already been trading crypto ETFs, while the U.S. is still deciding …
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A nonfungible token (NFT) can be both a representation of a physical or digital asset that only exists on the internet — a programmable piece of art. It provides ownership of an underlying asset, like a painting, and it can also represent a digital asset in the form of a software code. Therefore, I like …
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BlackRock is the world’s largest asset manager, so when its CEO, Larry Fink, remarked recently that he was seeing “very little in terms of investor demand” with regard to crypto and Bitcoin (BTC) based on “my last two weeks of business travel,” it set off some alarm bells. A lively Twitter discussion followed one commentator’s …
Continue reading “Illusion or reality? Crypto demand either faltering or poised to charge”
Karura, the Polkadot implementation of the Acala protocol, has launched its decentralized exchange (DEX) platform, Karura Swap. According to the announcement issued on Friday, the DEX platform is now live, with KSM/KAR being the first trading pair on the exchange. Per details provided by the announcement, Karura Swap has gone live with an initial total …
Continue reading “Karura launches decentralized exchange on Polkadot and Kusama”
The price of Axie Infinity’s native token, AXS, more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69 on Friday, up 31.28% intraday, and about 131% from its Tuesday low of $14.09. That …
Continue reading “Axie Infinity refreshes record high as AXS ascends 131% in just three days”
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, will be one of the key trends for the future of Twitter, CEO Jack Dorsey declared. Twitter CEO said that Bitcoin would be a “big part” of the company’s future at the second-quarter earnings call, outlining the digital currency’s potential to further transform Twitter products and …
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A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto trading platform. Filed by law firm Scott + Scott in California Northern District Court on Thursday, the class action names Coinbase shareholder Donald Ramsey as …
Continue reading “Coinbase and top execs face securities class action over Nasdaq listing”
Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing. According to data from on-chain data resource Blockchain.com, hash rate distribution is increasingly favoring small, unknown miners. Small guys increase slice of mining pie Despite the past 12 months seeing a large price run-up, Bitcoin …
Continue reading “Bitcoin mining is becoming vastly more decentralized in 2021”
Popular crypto strategist and trader Michaël van de Poppe thinks Ethereum and other altcoins will erupt if Bitcoin’s rebound continues. Van de Poppe says that the BTC market needs to mark new higher lows in order to unleash the rest of the crypto space. ADVERTISEMENT “If we look at the price action of Bitcoin, we …
A heap of Bitcoin (BTC) worth $408 million is on the move and heading to several different wallets. Whale Alert, which tracks large crypto transfers, says a crypto whale sent 13,003 Bitcoin to a wallet hosted on the exchange Coinbase this week. ADVERTISEMENT The huge transfer cost just $3.72 in fees. One address received …
