The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go. If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure. For instance, pseudonymous analyst …
Continue reading “Even Elon Musk can’t save Dogecoin from crashing another 60%, analyst asserts”
Mike Novogratz’s Galaxy Digital will serve as the counterparty entity for Goldman Sachs’s Bitcoin futures trading product. Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital. According to CNBC, the move marks the first time the Wall Street bank has partnered with a …
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A notable crypto trader is spotlighting the scalable blockchain network Cosmos (ATOM), predicting that its ecosystem is about to take off. As top automated-market maker (AMM) on Cosmos, Osmosis, prepares to launch its first trading pairs this Saturday, June 19th, pseudonymous crypto analyst known in the industry as Altcoin Psycho says tokens connected to Cosmos …
Cardano founder Charles Hoskinson believes Bitcoin is not well-suited to survive a one-on-one match with Ethereum. Hoskinson, the co-creator of Ethereum and the chief executive of IOHK, the firm behind blockchain platform Cardano (ADA), tells AI researcher Lex Fridman that Bitcoin is an incredible first-generation product, but is becoming primitive relative to other, newer crypto …
While most crypto assets are suffering through a steep correction, one altcoin has nearly quadrupled in value in less than a month. The price of the collateral-as-a-service token Amp (AMP) has jumped from $0.026 on May 23rd to a high of $0.12 on Wednesday – an appreciation of 361%. Over the same period, the …
Continue reading “This Crypto Newcomer Has Rallied 361% As Bitcoin Moves Sideways”
ADVERTISEMENT OUR STORY DISCOVER CRYPTOCURRENCIES NEWS AND UPDATES Want to dabble in digital currency, but don’t know where to start? Get familiar with some of the top performing altcoins. It’s far from over, but 2021 is feeling like the year …
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BTC used to be an uncorrelated asset, but that’s no longer the case. What can gold and stocks suggest about the crypto markets? Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of people. Now, …
Continue reading “Joining the ranks: Bitcoin’s correlation with gold and stocks is growing”
Bitcoin’s production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows. China’s crackdown on Bitcoin (BTC) mining may have unintended benefits for BTC price action, one analyst suggests. In a tweet on June 18, Charles Edwards, CEO of investment firm Capriole, argued that the Chinese miner …
The Agricultural Bank of China previously debuted digital yuan ATMs this January. China continues apace with the adoption of its central bank digital currency (CBDC) as major banks launch a significant batch of digital yuan-powered ATMs. The digital yuan — a CBDC controlled by The People’s Bank of China — is now available for deposit …
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BBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments. Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland. According to a release issued on Friday, BBVA Switzerland will begin Bitcoin …
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Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply. With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity. Speaking to CNBC on Thursday, Mayor Suarez said he is …
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Russia needs to move to Bitcoin to provide a “real financial instrument enabling independence in foreign trade settlements,” Deripaska argued. Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country. Deripaska took to his official Telegram channel on Thursday to blast the Russian …
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Crypto miners in Ya’an City have reportedly been ordered to temporarily shut down their operations. Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin …
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It’s been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed’s outlook. Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes gold’s fate …
Continue reading “Bitcoin slips below $39K as Fed sends gold to 6-week lows”
Danske Bank isn’t completely sold on cryptocurrency but said it won’t stop its customers from using its services in connection with crypto platforms. Danske Bank, the largest bank in Denmark, laid out its official position on cryptocurrencies on June 17, when it published a four-point notice describing reasons to be careful when trading in digital …
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