It’s crunch time for Bitcoin and the crypto markets, according to a popular analyst. The pseudonymous trader known as Capo tells his 140,000 Twitter followers that Bitcoin may still be in a Wyckoff accumulation pattern, with BTC setting itself for a big move to the upside when the pattern completes. ADVERTISEMENT The Wyckoff method …
Category archives: Trending Crypto news
Institutional Inflows of Ethereum Near $1,000,000,000 This Year, According to CoinShares
Digital asset manager CoinShares says that institutional demand for Ethereum continues to soar this year as inflows near the $1 billion mark. According to their new weekly report, financial institutions have scooped up approximately $973 million worth of ETH since the beginning of 2021. ADVERTISEMENT CoinShares also notes that Ethereum has seen net inflows …
Record network activity and a second NFT boom send WAX price higher
Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity. Another NFT-focused protocol that has been gaining fundamental strength in recent months is Worldwide Asset eXchange, also known as WAX — …
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New Jersey Slaps Cease-and-Desist Order on Digital Asset Wealth Manager, Says DeFi’s Risks Outweigh Crypto Volatility
The New Jersey Bureau of Securities is calling on the crypto wealth manager BlockFi to stop offering interest-bearing accounts. Acting Attorney General Andrew J. Bruck announced today that the Bureau of Securities issued a cease-and-desist order against BlockFi in an effort to protect investors. ADVERTISEMENT According to the Bureau’s order, BlockFi has been funding …
Glassnode Spotlights the Bullish and Bearish Cases for Bitcoin in New Report
As Bitcoin’s price hovers above $30,000 this week, blockchain analytics firm Glassnode says the largest crypto asset by market cap is broadcasting a mix of bullish and bearish signals. First among the bearish indicators is the current lack of institutional demand for BTC. Glassnode says that there appears to be little institutional interest currently in …
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Elon Musk says Bitcoin may have already hit his benchmark on renewable energy
Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at “The ₿ Word” — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk …
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Altcoins secure double-digit gains after Bitcoin surges toward $33K
Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet. Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that …
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Price analysis 7/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin (BTC) is leading the recovery in crypto markets today after the price rallied back above the $32,000 level. Sam Trabucco, a quantitative trader at Alameda Research, said the firm had purchased the dip in Bitcoin on July 20. Trabucco said the sharp recovery in equity markets, fewer long liquidations in the crypto derivatives market …
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Crypto mining firm Argo Blockchain files for US IPO
Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States. According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American …
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More Than Half of Institutions Expect To Invest in Digital Assets in the Future: Fidelity Study
A recent survey from Fidelity Digital Assets suggests that cryptocurrency is becoming more sought after by institutional investors. According to a report from Reuters, Fidelity Digital Assets found that seven in 10 institutional investors expect to invest in digital assets in the future. ADVERTISEMENT The survey evaluated answers from a range of investors, including …
Spores Network To Kick Off CardStarter IDO on July 21, 2021
July 21, 2021 – Hanoi, Vietnam Spores Network, a full-stack NFT-DeFi platform, is getting closer to yet another milestone with the launch of its upcoming initial DEX offering (IDO) on CardStarter – the premier launchpad and incubator for projects on Cardano. Community members and investors now have the chance to secure a spot on the whitelist for …
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EU Policymakers Unveil Plan To Regulate Bitcoin and Crypto Transactions
EU policymakers are discussing a plan to increase regulatory oversight of the emerging cryptocurrency industry. A new proposal from the European Commission (EC) would require businesses to maintain records of the name, address, date of birth and account number of clients as they move cryptocurrency from one wallet to another. The rules are designed …
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Is Australia a Nation of Crypto Holders? – New Survey
A recent survey conducted by Australian finance brokerage Savvy has polled 1,000 Aussies about their sentiments toward cryptocurrency, finding 17.3% already hold some kind of crypto, with 36% intending to buy crypto at some point in the future. If extrapolated to the general population, this could indicate 500,000 people Down Under own crypto. Seventy-one percent …
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Bitcoin price hits $32K but derivatives metrics still show signs of weakness
There’s no doubt that the last couple of months have been bearish for Bitcoin (BTC), but throughout this entire period, derivatives indicators have been relatively neutral. This could be because cryptocurrencies have a strong track record of volatility, and even 55% corrections from all-time highs are expected. After two months of struggling to sustain the …
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Crypto exchange OKCoin taps FIS subsidiary Worldpay to lead global expansion
Cryptocurrency exchange OKCoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audience. OKCoin will leverage Worldpay’s foreign exchange services, allowing customers to purchase cryptocurrency with credit and debit cards. Jason Lau, OKCoin’s COO, said his firm selected Worldpay for its extensive experience working …
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