Michael Saylor’s MicroStrategy is announcing the purchase of additional Bitcoin that will put their BTC holdings above the 100,000 level. In a press release, the enterprise analytics firm says it has spent $489 million buying 13,005 BTC, bringing the total amount of Bitcoin it holds to 105,085. ADVERTISEMENT The software giant spent an average …
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June 23, 2021 – Singapore, Singapore Euro-pegged stablecoin, the PAR token, aims to provide loans and savings through access to DeFi. Mimo, the governance token behind Mimo DeFi, has officially been listed on Bittrex Global. In addition, PAR, Mimo’s stable token which is algorithmically pegged to the euro, has also been listed. Both Mimo and PAR …
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Crypto analyst and economist Alex Krüger says that Bitcoin bears are in for some pain after BTC’s strong rebound in the last 24 hours. In a new tweet, Krüger tells his 87,500 followers that yesterday’s move below $30,000 was designed to shake out weak hands and trap bears. ADVERTISEMENT “BTC trend reversed (again), leaving …
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DC Finance has announced their upcoming event and invites everybody to their next Tech Family Office Conference, which will be dedicated to the world of blockchain, cryptocurrencies, non-fungible tokens (NFT) and decentralized finance (DeFi) – as well as the investment opportunities and risks involved. This event takes place following PayPal’s adoption of Bitcoin, the resurgence of …
Major venture capital firms responsible for crypto investments have led the latest $14.2 million fundraising round for Rarible, the online marketplace behind many nonfungible token listings. In a Wednesday announcement, Rarible said crypto investment group Coinfund and Venrock — the venture capital arm of the Rockefeller family — had led a $14.2 million Series A …
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Bitcoin (BTC) dropped below $30,000 on June 22, which may be a final sign of capitulation. Data from Skew suggests that if Bitcoin’s price does not recover sharply in the next few days, the decline in the current quarter could be the second-worst quarter since 2014. Bull and bear phases are part and parcel of …
Continue reading “Price analysis 6/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model rings true. According to data from CoinMarketCap, the total cryptocurrency market capitalization fell …
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June 23, 2021 – Zug, Switzerland Concordium AG is proud to announce that it has been accepted as a full member of the Japan Blockchain Association. It now becomes the first overseas blockchain platform to join the association, which comprises over 120 domestic and international companies and organizations. The news comes only a week after …
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Prominent crypto analyst Nicholas Merten says that the worst of the big Bitcoin correction is likely behind us. In a new strategy session, Merten says the presence of the various derivative markets centering on crypto has likely changed the structure of bull cycles as we know it. ADVERTISEMENT According to him, the shift in …
United States Senator Cynthia Lummis, a Republican from Wyoming, took advantage of a deeply discounted Bitcoin (BTC) price this week by adding to her holdings. In the wake of yet another major price correction for crypto assets, Lummis told Fox News Wednesday that she’s “excited to buy the Bitcoin dip.” U.S. Senator, @CynthiaMLummis, “I’m excited to …
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Cryptocurrency investors all over the globe have been facing a challenging time for over a month thanks, in large part, to the unprecedented price drops that have happened across the board in relation to most prominent digital currencies available in the market. Since the start of June, the total market capitalization of this relatively nascent …
Continue reading “Altcoins follow Bitcoin price’s lead as uncertainty grips crypto market”
A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model’s bullish outlook on the cryptocurrency. Called the Wyckoff method — created by Richard Wyckoff in 1888 — the model attempts to navigate financial market trends based on the relationship between the …
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Crypto derivatives exchange FTX has become an official sponsor of Major League Baseball, setting the stage for broader mainstream recognition of digital assets. As part of the sponsorship deal, which is expected to last for at least five years, every Major League umpire will receive an FTX patch on their uniform, FTX founder and CEO …
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Crypto analyst Justin Bennett weighs in on where the overall crypto markets could finally find a bottom amid ongoing bearish price action. In a new tweet, Bennett says his technical analysis suggests that the total market capitalization of all crypto assets could fall to $950 billion, representing roughly a 30% drop from current levels. ADVERTISEMENT …
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Blockchain technology promises to provide humanity and freedom with the rise of Web 3.0, a truly decentralized internet. Some even argue that the significant rise of the decentralized finance (DeFi) sector has become an important symptom of the conceptual shift from centralized services to decentralized ones, with Web 3.0 being its cornerstone. Moreover, some even …
Continue reading “Will regulation adapt to crypto, or crypto to regulation? Experts answer”
