Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly. For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of …
Category archives: Trending Crypto news
VC funds bullish on crypto, increase investment in blockchain startups
Funding for crypto and blockchain startups is not slowing in 2021 as VC funds appear keen to enjoy the exponential growth potential. Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the …
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How NFTs, DeFi and Web 3.0 are intertwined
Explosive growth in asset tokenization and NFTs is fueling Web 3.0 growth, and testing DeFi resolve. While blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. Tokenization is the process of converting the assets and rights …
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Ethereum Price Eyes $2,000, VISA Starts USDC Payments, BCH, ANKR, Mar. 29
ETH The Ethereum price is consolidating within a triangle pattern and is looking to make another drive towards the highs at $2,000. Bitcoin rallied into the weekend after the selling into a record $6bn options expiry fizzled out, giving a green light for bulls to reappear. The move higher comes after the amount of the …
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Mass adoption may take crypto toward centralization
With mass adoption comes the risk that cryptocurrency may lose one of its core value propositions: decentralization. This is the year cryptocurrency finally starts to break into the mainstream. From Elon Musk and Tesla investing in and accepting Bitcoin (BTC) to the recent nonfungible token craze, the days of blockchain tech being the domain of …
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Ripple becomes tidal wave, leads weekend pump and notches legal victories
As Ripple fends off SEC lawyers, XRP enjoys an explosive weekend pump Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some …
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Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader
According to professional trader Scott Melker, Ethereum’s “tremendous upside potential” could overshadow Bitcoin this year. Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt szn is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for …
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Bitcoin’s comeback, XRP doubles in a week, Coinbase’s big profits: Hodler’s Digest, April 4–10
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Bitcoin suddenly hits $60,000 as a new resistance battle liquidates $850 …
Ethereum Hits a New Record High, Bitcoin Stalls Under $60k, WRX, HOT, Apr. 5
ETH I noted last week that the Ethereum price was “looking to make another drive towards the highs at $2,000.” The number two cryptocurrency by market cap did just that and blew through the previous obstacle to see new all-time highs above $2,100. The last two weeks saw the amount of staking in the coin …
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April Fools’ Day 2021: A Roundup of the Crypto Industry’s Best Jokes
Litecoin Rebrands to Bitcoin Lite On April Fools’ Day, Litecoin rebranded itself as “Bitcoin Lite.” The joke was a thorough effort, with a completely revamped website and Twitter account. Though the change was a joke, it contained a bit of truth: Litecoin really is based on Bitcoin’s code. The project’s original site has been restored, …
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Bitcoin and the Environment: What Is the Ecological Toll of Crypto?
As Bitcoin rises in popularity, concerns are being raised about the environmental impact of Bitcoin mining. However, there may be solutions. Bitcoin Mining’s Environmental Impact Bitcoin is produced through mining, an energy-intensive process that introduces new cryptocurrency into circulation by rewarding those who contribute computer power. Though mining was originally done by individuals, the industry …
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Share Your Views on Cryptocurrency! Take the 2021 Bitrates Crypto Market Survey
It is that time of year again and we are happy to announce our Annual Cryptocurrency Market Survey. It has been an exceptional year for crypto and our editorial staff cannot wait to hear what you think. Share your thoughts. The survey takes just a few seconds, your answers are completely anonymous, and once you …
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Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Brian Brooks, former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, has claimed that cryptocurrencies like Bitcoin (BTC) have some backing, while the U.S. dollar may not have any. Brooks gave …
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Catalytic event or unbridled optimism? Coinbase approaches public listing
Is a $100-billion valuation justified? Profit margins could tighten with increased competition. The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United States Commodity Futures Trading Commission of a $6.5-million fine against Coinbase for “wash trading” and filing misleading …
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SushiSwap launches V1 of long-awaited Kashi release
SushiSwap wants to offer a wider net of margin assets than independent DeFi lending platforms. Decentralized exchange SushiSwap has announced the “rolling release” of Kashi, a specialized lending platform specifically designed for margin trading on the exchange, and BentoBox, a dual-purpose yield vault. Kashi aims to let traders borrow assets for creating leveraged long and …
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