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How to pick or analyze altcoins?

Before investing in altcoins, you should look into the project's whitepaper, demand-supply elements, team and stakeholders behind the project. 9789 Total views 12 Total shares What are altcoins? The word “altcoin” is derived from “alternative” and “coin.” Altcoins refer to all alternatives to Bitcoin. Altcoins are cryptocurrencies that share characteristics with Bitcoin (BTC). For example, Bitcoin and altcoins have a similar basic fr

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Bitcoin records all-time high network difficulty amid price fluctuations

Data from BTC.com estimates that the network will continue to grow stronger by attaining another all-time high in the next 12 days, with a network difficulty of 26.70 trillion. 16331 Total views 80 Total shares The Bitcoin (BTC) network has recorded a new all-time high mining difficulty of 26.643 trillion with an average hash rate of 190.71 exahash per second (EH/s) — signaling strong community support despite an ongoing bear market. The Bitco

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BTC price falls to $34K as Bitcoin RSI reaches most ‘oversold’ since March 2020 crash

It‘s looking more and more like a capitulation, but so far, open interest remains “unflushed,” analysts warn. 40704 Total views 183 Total shares Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView. Open interest “still not flushed” Data from Cointelegraph Markets Pro an

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Bitcoin dumps to hit six-month lows near $38K

Bitcoin is leading the way down for all crypto as macro indicators may spell disaster for the market in the short term, according to some analysts. 27268 Total views 218 Total shares Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to six-month lows from $43,328 at 4 pm UTC on Thursday to $38,258 by 4 am UTC on Friday. At the time of writing, Bitcoin was trading at $38,761, according to Cointelegraph. The price crash has so far w

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3 wildest theories explaining $500B crypto market crash

Crypto proponents point their finger to the Fed interest rate hike, Wall Street and Russia as the prominent reasons behind the $500 billion crypto market wipe off. 25900 Total views 55 Total shares The crypto market lost over $500 billion in combined market capitalization earlier Friday. The market bloodbath led to over $700 million in liquidation as top crypto assets bled heavily. Bitcoin (BTC) fell below the critical support level of $40 thous

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Here are levels to watch as Bitcoin fights to avoid $30K July repeat

Bitcoin price action visits levels below $38,000 for the first time since August as losses continue to mount. 11485 Total views 36 Total shares Bitcoin (BTC) could well continue falling in the short term now that $40,000 support has disappeared, fresh analysis warns. In its latest market update on Friday, trading suite Decentrader analyst Filbfilb raised concerns that the day’s $290 million in liquidations was not enough to avert a fresh tumbl

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Bitcoin dumps to hit six-month lows near $38K

Bitcoin is leading the way down for all crypto as macro indicators may spell disaster for the market in the short term, according to some analysts. 19970 Total views 123 Total shares Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to six-month lows from $43,328 at 4 pm UTC on Thursday to $38,258 by 4 am UTC on Friday. At the time of writing, Bitcoin was trading at $38,761, according to Cointelegraph. The price crash has so far w

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Bearish sentiment may soon abate according to Coinshares and Bitcoin metrics

Despite last week’s institutional Bitcoin outflows of $55 million, negative sentiment could be on the wane. 6431 Total views 66 Total shares While key Bitcoin (BTC) metrics don’t paint a pretty picture, the bears could be running on fumes. Contrary to analysts warning that Bitcoin could dip to $38,000 “before an eventual breakout,” CoinShares and Arcane Research suggest that the tide could be turning.  In brief, Bitcoin institutional o

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Bitcoin will emerge stronger after stocks dip ‘10%–20%’ — Bloomberg analyst

Federal Reserve policy should mean markets see a long-awaited comedown of up to one-fifth, says Bloomberg Intelligence’s Mike McGlone. 13428 Total views 93 Total shares Bitcoin (BTC) will soon no longer be a risk asset, and investors should brace for a fresh price correction, says one of Bloomberg’s best-known analysts. In an appearance on the Wolf Of All Streets podcast on Jan. 18, Mike McGlone, senior commodity strategist at Bloomberg Inte

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Russian Orthodox Patriarch is not a Bitcoiner, church clarifies

A video emerged claiming that the leader of the Russian Orthodox Church was blessing financial investments. 1720 Total views 53 Total shares Patriarch Kirill of Moscow and all Rus', the leader of the Russian Orthodox Church, has not urged his flock to invest in Bitcoin, despite videos claiming otherwise.  A clip recently emerged claiming that Kirill had urged the faithful to invest in cryptocurrencies. While the video does include genuine comm

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Analysts warn that Bitcoin could dip to $38K 'before an eventual breakout'

Bitcoin continues to struggle below $42,000 as extreme fear grips the crypto market and analysts hint at a drop to $38,000. 18520 Total views 60 Total shares The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin (BTC) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered "Extreme Fear" among investors and some traders caution that BTC p

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Bitcoin payments decline as other cryptocurrencies grow

In 2021, Bitcoin’s usage by merchants that use BitPay fell to about 65%, down from 92% in 2020. 6817 Total views 58 Total shares BitPay Inc., one of the world’s most well-known crypto payments processors, has seen a shift in the type of digital assets used for purchases over the last year, according to a Bloomberg report. According to BitPay, Bitcoin’s (BTC) usage at businesses that use its payment system fell last year to about 65% of pr

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Stacks ecosystem becomes #1 Web3 project on Bitcoin

There were also 140,000 NFTs minted on the Stacks blockchain during its inaugural year. 13100 Total views 47 Total shares On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts. According to a report by

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UK 3rd for ETH ownership as crypto adoption grows 1% in December: Survey

Per a December survey conducted by Finder.com, the U.K. held third place worldwide in adoption rankings for Ether, while overall cryptocurrency adoption crept up by 1%. 4503 Total views 50 Total shares British crypto enthusiasts were busy consolidating and rebalancing during the last gasp of 2021. Finder.com surveyed 2,013 internet users in the United Kingdom in December 2021 with varying results. Since the last survey conducted in October 2021,

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Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders

Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress. 1977 Total views 11 Total shares Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge.

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UK 3rd for ETH ownership as crypto adoption grows 1% in December: Survey

Per a December survey conducted by Finder.com, the U.K. held third place worldwide in adoption rankings for Ether, while overall cryptocurrency adoption crept up by 1%. 2147 Total views 35 Total shares British crypto enthusiasts were busy consolidating and rebalancing during the last gasp of 2021. Finder.com surveyed 2,013 internet users in the United Kingdom in December 2021 with varying results. Since the last survey conducted in October 2021,

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70% of US crypto holders started investing in 2021: Report

46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000. 5873 Total views 178 Total shares The vast majority of cryptocurrency owners in the United States made its first-ever crypto investments just within last year, according to a new survey. About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception

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Interest wanes in Bitcoin futures ETF’s as contracts fall below 5K

Declining interest in Bitcoin futures ETFs may have a number of reasons, chief among them the declining price of BTC since the ATH reached in mid-November. 5342 Total views 68 Total shares After a stellar launch, interest has waned in the ProShares Bitcoin Strategy Exchange Traded Fund (BITO), which now has the lowest amount of CME contracts since Nov. 2021. The Bitcoin futures exchange-traded fund (ETF) holds a total of 4,904 Chicago Mercantile

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Tonga to copy El Salvador’s bill making Bitcoin legal tender, says former MP

In a ruling that is “almost identical to the El Salvador bill,” Tongan bigwig Lord Fusitu’a anticipates that his country could adopt Bitcoin by November. 23437 Total views 516 Total shares Another domino is lined up to fall down the route to Bitcoinization. On Wednesday, a former lawmaker of the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender.  In a series of tweets, Lord Fusitu’a

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Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’

A sense of foreboding characterizes the market even after inflation data sparks solid intraday gains for BTC/USD. 24927 Total views 76 Total shares Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data analyst Material Scientist warned that a significant downside may still return to Bitcoin price actio

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Today in Bitcoin history: 13-year anniversary of transaction between Satoshi and Hal Finney

At the time the first BTC was sent, there wasn’t even a cash value associated with the crypto asset, compared to the more than $43,000 it is on Wednesday, Jan. 12. 4667 Total views 102 Total shares It’s been exactly 13 years to the day since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain from creator Satoshi Nakamoto. On Jan. 12, 2009, with the Bitcoin (BTC) white paper a mere three mont

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Mercado Bitcoin operator acquires Portuguese crypto exchange

After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe. 3067 Total views 53 Total shares Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado Bitcoin, is moving to expand its global footprint with a strategic acquisition in Portugal. The company officially announced Wednesday the acquisition of a controlling stake in CriptoLoja, a Lisbon-base

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Interest wanes in Bitcoin futures ETF’s as contracts fall below 5K

Declining interest in Bitcoin futures ETFs may have a number of reasons, chief among them the declining price of BTC since the ATH reached in mid-November. 3627 Total views 34 Total shares After a stellar launch, interest has waned in the ProShares Bitcoin Strategy Exchange Traded Fund (BITO) which now has the lowest amount of CME contracts since Nov. 2021. The Bitcoin futures exchange traded fund (ETF) holds a total of 4,904 Chicago Mercantile

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Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’

A sense of foreboding characterizes the market even after inflation data sparks solid intraday gains for BTC/USD. 9714 Total views 37 Total shares Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data analyst Material Scientist warned that a significant downside may still return to Bitcoin price action

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Morocco is number one for Bitcoin trading in North Africa

The Kingdom of Morocco is the leader for Bitcoin trading across North Africa in 2021— despite its illegal status. 4507 Total views 108 Total shares Estimates from Triple A, a Singaporean cryptocurrency provider and aggregator, state that 0.9 million people, or roughly 2.4% of Morocco’s total population, currently own cryptocurrency.  That puts the kingdom as the top country in North Africa and in the top 50 holders of cryptocurrency populat

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Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse

As the Bitcoin mining industry matures, it will seek stable political environments and stable energy sources. 9025 Total views 56 Total shares Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan. The lawyer and economist Muñoz was steadfast in her support of Spain as a Bitcoin (BTC) destination, in a t

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Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse

As the Bitcoin mining industry matures, it will seek stable political environments and stable energy sources. 8562 Total views 56 Total shares Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan. The lawyer and economist Muñoz was steadfast in her support of Spain as a Bitcoin (BTC) destination, in a t

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3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto

Iguodala said he will also be giving out $1 million worth of BTC to fans to increase the cryptocurrency's adoption. 2022 Total views 78 Total shares On Monday afternoon, Andre Iguodala, three-time NBA champion and professional basketball player for the Golden State Warriors, announced via Twitter that he would be taking a portion of his estimated $2.647 million annual salary in Bitcoin (BTC). In addition, Iguodala added that he will give out $1

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‘Dip,’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey

Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis. 5333 Total views 32 Total shares Over the past seven days, the top trending words on cryptocurrency social media are “dip,” “buy” and “Fed.” Plus, the word “sell” fell out of the top 10 trending topics on Thursday despite spiking sharply on Tuesday.  According to crypto market data aggregator Santiment, social

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Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates

Bitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC session re-confirmed plans to get the balance sheet under control. 77992 Total views 260 Total shares Bitcoin (BTC) and the wider cryptocurrency market fell under as equities markets pulled back at the closing bell after minutes from the Federal Reserve's December FOMC meeting showed that the regulator is committed to decreasing its balance sheet a

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Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Various educational and developmental Bitcoin projects from around the world have now been granted funding, according to the Foundation. 3502 Total views 46 Total shares The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May 2020, the Bitcoin Development Fund is p

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Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report

The crypto community reportedly expects Kazakhstan’s internet and mining industry to have returned to normal by next Monday. 3030 Total views 31 Total shares Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last yea

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‘Dip,’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey

Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis. 4862 Total views 32 Total shares Over the past seven days, the top trending words on cryptocurrency social media are “dip,” “buy” and “Fed.” Plus, the word “sell” fell out of the top 10 trending topics on Thursday despite spiking sharply on Tuesday.  According to crypto market data aggregator Santiment, social

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NYC mayor getting paid in Bitcoin suggests buying the dip

Should Eric Adams accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948. 14501 Total views 115 Total shares Newly sworn-in New York City Mayor Eric Adams is already using his influence to speak publicly about buying the recent Bitcoin dip. In a Thursday interview with CNBC’s Squawk Box, Adams said he had not yet received his first paycheck as the mayor of New York City, but rei

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Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation

Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022. 10441 Total views 88 Total shares Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked up gold and BTC as an inflation hedge. When prompted by interviewer William Green about w

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‘Dip,’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey

Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis. 1867 Total views 35 Total shares Over the past seven days, the top trending words on cryptocurrency social media are “dip,” “buy” and “Fed.” Plus, the word “sell” fell out of the top 10 trending topics on Thursday despite spiking sharply on Tuesday.  According to crypto market data aggregator Santiment, social

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Top 5 cryptocurrencies to watch in 2022: BTC, ETH, BNB, AVAX, MATIC

Bitcoin and altcoins had a stellar year, but how might ETH, BNB, AVAX and MATIC perform in 2022? 17670 Total views 39 Total shares Bitcoin (BTC) witnessed a roller coaster ride in 2021 and even though BTC has corrected sharply from its all-time high at $69,000, the digital asset is still up by 60% year-to-date. During the same period, gold has dropped more than 5%.  With inflation soaring in the United States and several other parts of the worl

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Crypto trades in Thailand now reportedly subject to 15% capital gains tax

While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. 1805 Total views 17 Total shares The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry. Profits from crypto trading in Thailand are now subject to a 15% capital gains tax, The Bangkok Post news agency reported Thursday. The Thai Re

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El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds

The raft of bills will help El Salvador’s government establish the legal and financial framework for the $1-billion Bitcoin bond issue, known as Volcano Bonds 5551 Total views 130 Total shares El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin (BTC) bonds by preparing 20 bills designed to provide a legal framework for them. Alejandro Zelaya, head of the treasury, told Salvadoran media El Mund

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Wait-and-see approach: 3/4 of Bitcoin supply now illiquid

Around 76% of the total circulating Bitcoin supply is now illiquid according to on-chain analytics from Glassnode. 21185 Total views 106 Total shares Bitcoin (BTC) markets have been consolidating since the beginning of the year, but on-chain metrics are painting a more positive picture as more of the asset is becoming illiquid. On-chain analytics provider Glassnode has been delving into Bitcoin supply metrics to get a better view of the longer-t

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Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

After adding 456 BTC, the third-largest whale now holds 120,845.57 BTC, worth over $5.6 billion. 7386 Total views 145 Total shares It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022. On Tuesday, the third-largest Bitcoin address ad

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Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

After adding 456 BTC, the third-largest whale now holds 120,845.57 BTC, worth over $5.6 billion. 5697 Total views 98 Total shares It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022. On Tuesday, the third-largest Bitcoin address add

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Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin

Buterin still believes that “the internet of money should not cost more than 5 cents per transaction” and highlighted Ethereum’s continued efforts to improve the blockchain’s scalability capabilities. 14236 Total views 90 Total shares Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software developmen

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Bitcoin price fell short of analysts’ $100K target, but what about 2022?

After this year’s monster rally, Bitcoin’s price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest? 29935 Total views 52 Total shares Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in th

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Santo Blockchain to deliver 50 Bitcoin ATMs to Panama

Santo Blockchain’s plans in Latin America consist of 300 Bitcoin ATMs, a layer-two wallet and a Bitcoin debit card. 5743 Total views 86 Total shares Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated blockchain and cryptocurrency company w

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Bitcoin sees ‘non-stop’ end-of-year buying as 10K BTC leaves Coinbase in a single day

Coinbase users appear hungry for coins as a trading firm forecasts a “major flippening” in BTC ownership coming in January. 49454 Total views 178 Total shares Almost 10,000 Bitcoin (BTC) left major United States-based exchange Coinbase on Dec. 30 in a sign that investor appetite is returning to the sphere.  Data from on-chain monitoring resource Coinglass shows Coinbase’s professional trading arm, Coinbase Pro, shedding 9,925 BTC in the 2

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Bitcoin gains after $46K drop as 'bottoming out' continues into 2022

With the odds of a squeeze still high and ample liquidity below recent lows, traders are betting on volatility as 2021 ends. 9933 Total views 64 Total shares Bitcoin (BTC) recovered from fresh lows on Dec. 30 as markets remained undecided on their end-of-year trajectory. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $46,000 may not mark floor Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to $47,7

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Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus

Exchanges deplatforming Chinese citizens prior to the Dec. 31 deadline may have added to BTC selling pressure. 14211 Total views 61 Total shares Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China "last hammer" could now provide optimism on BTC Hours before the yearly close, BT

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Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus

Exchanges deplatforming Chinese citizens prior to the Dec. 31 deadline may have added to BTC selling pressure. 5916 Total views 30 Total shares Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China "last hammer" could now provide optimism on BTC Hours before the yearly close, BTC

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SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings

While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity. 2503 Total views 61 Total shares The Chairman of the Securities and Exchange Board of India (SEBI), Ajay Tyagi, urged mutual funds to avoid investing in crypto-related assets as the government considers new cryptocurrency rules. Speaking at a press conference on Tuesday, Tyagi advised firm

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Bitcoin ‘died’ 45 times in 2021 as media still eager to post BTC obituaries

438 Bitcoin obituaries have been counted since 2010, and the year 2017 still remains to account for most “deaths.” 4756 Total views 446 Total shares As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks. According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was d

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Little forkers: BCH and BSV get crushed by Bitcoin price in 2021

The two cryptocurrencies look poised to end 2021 in double-digit percentage losses against Bitcoin. 3946 Total views 8 Total shares Bitcoin (BTC) looks set to beat its forked versions Bitcoin Cash (BCH) and Bitcoin SV (BSV) in terms of price-performance in 2021, market data shows. Notably, BTC's year-to-date (YTD) returns sat near 60% at press time as its price wobbled near $47,500. In comparison, BCH rallied a little over 26% to $435.50, while

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From art to gaming: The biggest NFT trends of 2021

Pop culture NFTs, blockchain art games, Metaverse NFTs, charity auctions and worldwide NFT art are the year's central themes. 5730 Total views 48 Total shares According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well

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Bitcoin daily losses near $4K as S&P 500 hits 69th all-time high of 2021

A Christmas party for stocks masks "a massive amount of weakness," one commentator warns, as Bitcoin sentiment votes with its feet. 15978 Total views 63 Total shares Bitcoin (BTC) dropped nearly $4,000 on Dec. 28 as the market offered a sharp reminder that the bull run would need to wait.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC analysts eyes $44,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/U

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Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021

It’s “younger” BTC bought at the summer $30,000 lows that’s moving in Q4, data shows. 18626 Total views 92 Total shares Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 I

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‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block

Binance may be seeing Bitcoin inflows, but overall, movements among major exchanges appear to cancel each other out, fresh data shows. 2724 Total views 36 Total shares Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues.  Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewher

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Iran halts authorized crypto mining to save energy for winter

Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. 4820 Total views 30 Total shares Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers. Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran

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Bitcoin can hit $333K 'parabolically' if this BTC price fractal plays out

A change of course from the Fed could produce a "flight to safety" which sends Bitcoin price action stratospheric. 23101 Total views 187 Total shares Bitcoin (BTC) could target a massive $333,000 by May 2022 if the U.S. Federal Reserve provides a "perfect storm" of low rates, a new prediction argues. Updating an uncannily accurate price forecast on Dec. 27, filbfilb, co-founder of trading platform Decentrader, drew dizzying conclusions about BTC

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Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month

Hash rate has never looked better, and appetite for accumulating has only grown since China's May mining crackdown. 22107 Total views 97 Total shares Bitcoin (BTC) is about to hit a new all-time high in one essential area — and major mining pools have likely already clinched the title. Data from monitoring resource MiningPoolStats shows that, as of Dec. 20, the Bitcoin network hash rate is practically at its highest ever. Hash rate vanquishes

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Bitcoin slips under $50K amid warning ‘new player’ Binance whale is pressuring BTC price

What appears to be a “new player” starts flipping $50,000 to resistance after some brief Christmas cheer for Bitcoin bulls. 46570 Total views 71 Total shares Bitcoin (BTC) lost $50,000 for the first time in several days on Dec. 26 as exchange inflows caught up with the cautiously optimistic mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “New player” beefs up $50,000 sell wall Data from Cointelegraph Markets Pro a

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Bitcoin 'Santa rally' pauses at $51.5K as funds bet on a sub-$60K BTC price for January 2022

Modest bullishness arguably is what now characterizes the market after some 6% gains overnight for Bitcoin. 23040 Total views 278 Total shares Bitcoin (BTC) lost momentum at $51,500 on Dec. 24 as traders weighed the odds of a "Santa rally" coming true for Christmas.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC sees potent long-term retest Data from Cointelegraph Markets Pro and TradingView saw BTC/USD preserve its gai

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Pakistanis have $20B in crypto assets, says head of local association

He called for the government to set up a Bitcoin policy, arguing that India already had some regulations in place. 6007 Total views 110 Total shares Nasir Hayat Magoon, the president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has stated that Pakistani citizens have a combined crypto assets value of $20 billion. During a news conference, the FPCCI president said that Pakistanis' digital currency valuations are based

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Industry experts reveal a possible method for Bank of Russia to block crypto

Bank of Russia’s crypto restrictions through MCC would unlikely affect exchanges that have been operating illegally so far. 7689 Total views 31 Total shares Amid the ongoing uncertainty about the future of cryptocurrencies in Russia, one local industry executive has disclosed a potential method for the Bank of Russia to block crypto transactions. Andrey Mikhaylishin, CEO of the local crypto payment startup Joys, said that the Russian central b

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El Salvador buys 21 Bitcoin to celebrate Dec. 21, 2021

Buying Bitcoin is becoming a way of celebrating different occasions or playing around with meaningful figures by El Salvador. 8677 Total views 174 Total shares The government of El Salvador continues celebrating significant days by buying more Bitcoin (BTC), with President Nayib Bukele announcing a new purchase of 21 BTC on Tuesday. Worth around $1,036,000 at the time of writing, El Salvador’s latest BTC investment is to celebrate the “last

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What cryptocurrencies should you watch in 2022? | Find out live on The Market Report

The holiday edition of “The Market Report” with Cointelegraph is live right now! 10571 Total views 39 Total shares Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they discuss some of their top cryptocurrency picks for 2022. Marcel kicks things off by tackling the question on everyone’s mind: Will 2022 be defined by a bull or bear market? Next up, Jordan and Benton each share one of th

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Price analysis 12/24: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE

Bitcoin and most major altcoins have broken above their immediate resistance levels, increasing the possibility of a short-term rally. 9442 Total views 33 Total shares Bitcoin (BTC) bounced back above the psychological level at $50,000 and the SP 500 hit a new all-time closing high on Dec. 23, suggesting that the panic selling caused due to the omicron variant is subsiding and the much-awaited “Santa rally” may have started. Data from on-cha

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Crypto mainstream adoption: Is it here already? Experts Answer, Part 2

The entry of major brands — from Nike and Adidas to McDonald’s and Burger King — into the blockchain industry through nonfungible tokens (NFTs) is indeed attracting a lot of people to use, or at least know of, decentralized technologies. And that’s how it starts: You hear about something, you go look for it to understand it, you see the benefits — and there you are, already involved in crypto. Simple as that. But that’s just my opinion. To gain more insight on the matter, I

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The 5 weirdest crypto stories of 2021

For some blockchain enthusiasts and stakeholders alike, it‘s been a year packed with adventures. 5268 Total views 50 Total shares In 2021, the market cap of cryptocurrencies skyrocketed 286% year over year, uplifting a $2.17 trillion industry into the stratosphere. But, with this vast creation of wealth comes the explosion of peculiar tales throughout the sector. From the suspicious death of multiple crypto-evangelists and crypto scams involvi

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Dubai World Trade Centre to create new crypto hub and become regulator

Another government-backed project in Dubai aims to set up an attractive environment for the crypto industry. 10159 Total views 127 Total shares The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions as the government of Dubai has a new initiative to support local crypto development and regulation. The Dubai World Trade Centre (DWTC), a government-owned event and exhibition venue i

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Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time

Bitcoin’s price weakness is arguably only welcomed by those who chose it over saving in lira this week. 11241 Total views 125 Total shares Bitcoin (BTC) fell over 5% from local highs through Dec. 20 as macro tensions persisted into the new week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Brace for volatile end to 2021 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it fell back below $46,

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Inside the blockchain developer’s mind: Proof-of-burn blockchain consensus

Gaining a deeper understanding of a popular — but, meanwhile, widely misunderstood — concept in blockchain technology: the consensus algorithm. 8699 Total views 73 Total shares Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the t

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Crypto mainstream adoption: Is it here already? Experts Answer, Part 1

What would it take for you to consider crypto mainstream? For me personally, one of the main indicators for adoption rate is the percentage of people involved and interested in the space. The world now belongs to the millennials — the Y and Z generations of whom we thought as kids not so long ago — they are the economic driver if not now, then in the near future. A massive 83% of polled millennial millionaires revealed in a recent survey that they had made crypto investments. It see

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Crypto derivatives can foresee price action but need institutional buzz to truly shine

The crypto derivatives market plays an important role in price discovery, but institutional investors are needed to add depth. 2563 Total views 54 Total shares The cryptocurrency market has been under a period of duress, with a majority of the tokens in the cryptoverse witnessing a price slump that has set in since the first week of December. The flagship cryptocurrency token, Bitcoin (BTC), underwent a flash crash on Dec. 4, wherein the price o

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Crypto derivatives can foresee price action but need institutional buzz to truly shine

The crypto derivatives market plays an important role in price discovery, but institutional investors are needed to add depth. 2482 Total views 54 Total shares The cryptocurrency market has been under a period of duress, with a majority of the tokens in the cryptoverse witnessing a price slump that has set in since the first week of December. The flagship cryptocurrency token, Bitcoin (BTC), underwent a flash crash on Dec. 4, wherein the price o

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Traders delay $100K Bitcoin prediction, but still expect a blow-off top in 2022

$100,000 BTC is probably not happening, but analysts are hopeful that BTC can end the year above $50,000 and kick off early 2022 with a new all-time high. 18419 Total views 119 Total shares Bullish traders that drank the "Bitcoin to $100,000 by year-end" Kool-Aid are now coming to terms with the fact that there may be no Santa Claus rally to wrap up 2021. At the moment, the pipe dream has morphed into simple hopes that the top cryptocurrency can

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IMF chief economist calls for global policy on cryptocurrency

The economist's remarks come as nations around the world consider how to control cryptocurrencies. 4249 Total views 74 Total shares Gita Gopinath, the chief economist of the International Monetary Fund (IMF), has called for a global policy to be put in place that will regulate cryptocurrency, instead of banning it. Pitching for a global policy, Gopinath, who will soon take charge as the deputy managing director of the IMF, argued that if countri

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Valkyrie’s latest ETF offering has exposure to Bitcoin

The filing specifies that Valkyrie’s ETF may invest up to 10% of its net assets in securities of Bitcoin mining firms, as well as up to 5% in the securities of pooled investment vehicles in the U.S. that hold BTC. 3443 Total views 33 Total shares Crypto asset manager Valkyrie has launched an exchange-traded fund with exposure to Bitcoin on the Nasdaq Stock Market. In a Wednesday SEC filing, Valkyrie said its Balance Sheet Opportunities ETF wil

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Crypto derivatives can foresee price action but need institutional buzz to truly shine

The crypto derivatives market plays an important role in price discovery, but institutional investors are needed to add depth. 1704 Total views 76 Total shares The cryptocurrency market has been under a period of duress, with a majority of the tokens in the cryptoverse witnessing a price slump that has set in since the first week of December. The flagship cryptocurrency token, Bitcoin (BTC), underwent a flash crash on Dec. 4, wherein the price o

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Here’s why Bitcoin traders expect choppy markets for the remainder of 2021

Bitcoin’s price appears pinned below $48,000, leading some analysts to forecast “choppy” markets until Q1 2022. 17266 Total views 45 Total shares Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin (BTC) and altcoin prices, and currently, the Crypto Fear Greed Index is solidly in the “fear” zone where it has been parked since the beginning of December.  C

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Here’s why Bitcoin traders expect choppy markets for the remainder of 2021

Bitcoin’s price appears pinned below $48,000, leading some analysts to forecast “choppy” markets until Q1 2022. 13451 Total views 39 Total shares Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin (BTC) and altcoin prices, and currently, the Crypto Fear Greed Index is solidly in the “fear” zone where it has been parked since the beginning of December.  C

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KKR leads $350M raise for crypto custody bank Anchorage Digital

The raise marks the first time investment giant KKR directly invests in a cryptocurrency firm. 3723 Total views 66 Total shares Major cryptocurrency custody bank Anchorage Digital has closed a fresh funding round, bringing its valuation to over $3 billion. Anchorage Digital announced on Wednesday that it had raised $350 million in a Series D funding round led by equity investment giant KKR. According to the announcement, this is the first time f

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Cyprus’ finance ministry recommends ‘capacity building’ for crypto

Cyprus’s finance ministry stressed the need to accelerate its capacity building for the crypto industry. 2665 Total views 57 Total shares Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering risks related to virtual asset act

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‘Monster bull move’ means whales could secure the next Bitcoin price surge

A classic bull run forecasting metric goes “full bull,” while whales look to hedge exposure to the Federal Reserve this week. 45683 Total views 163 Total shares Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin. “Sick” BTC price indic

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Bitcoin price dip may end Wednesday as Bitfinex bids hint at Fed ‘buy the news’ plans

Bitfinex traders are betting on some upside following Wednesday’s Federal Reserve comments on inflation and asset purchases. 34088 Total views 200 Total shares Bitcoin (BTC) could see its last day of downside as buyers line up to cash in on Wednesday’s United States Federal Reserve meeting. On Dec. 14, bids began increasing on major exchange Bitfinex in a conspicuous sign that the market believes BTC/USD is destined to gain. Time to “sell

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Data suggests traders view $46,000 as Bitcoin’s final line in the sand

BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. 10371 Total views 70 Total shares Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments.  When the move occurred, analysts quickly reasoned that Bi

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Enterprise blockchain to play a pivotal role in creating a sustainable future

Companies are turning to enterprise blockchain-based solutions to meet environmental sustainability goals as well as business demands. 4986 Total views 56 Total shares Bitcoin (BTC) is often used to criticize all blockchain-based projects. This is understandable since Bitcoin was the first project to use a blockchain, is arguably the most recognizable and is the largest cryptocurrency by market cap. In the first half of this article, I will use

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6 Questions for Jane Thomason of Kasei Holdings

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Jane Thomason, an entrepreneur and thought leader in technological innovation, fintech and blockchain for social impact. She is also the founder of Supernova Data, co-founder of the British Blockchain and Frontier Technologies Association, and chairperson of Kasei Holdings, an investment comp

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Indian prime minister Modi's hacked Twitter account attempts BTC scam

Soon after Modi's Twitter account, with over 73.4 million followers, got hacked, attackers shared misleading information about the mainstream adoption of Bitcoin and a 500 BTC giveaway. 12477 Total views 63 Total shares The official Twitter account of Indian Prime Minister Narendra Modi got compromised earlier today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and redistribution of 500 BTC a

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Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’

Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities. 19080 Total views 122 Total shares The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier on Dec. 11, Bitcoin (BTC) price dropped to $47,250, and investors are biting their nails after data from the United Stat

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FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged

The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance. 6407 Total views 117 Total shares The Financial Action Task Force (FATF) released its long-awaited guidance on virtual assets, laying out standards that have the potential to reshape the crypto industry in the United States and around the world. The guidance addresses one of the most important challenges fo

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WisdomTree amends Bitcoin ETF application, naming US Bank as custodian

U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group. 5891 Total views 116 Total shares New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission to name U.S. Bank as its custodian.  In a Wednesday filing, WisdomTree listed U.S. Bank National Association as the cus

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NFT clone Punks: Right or wrong?

“Can someone explain to me why NFT ‘clones’ are selling for so much?” asked Redditor LittleDoofus a couple of months ago. NFT clones cash in on successful NFT collections by releasing similar or even identical copies of the art under similar sounding brands. LittleDoofus wanted to know how we have suddenly ascribed so much value to NFTs, let alone mere copies of celebrated NFT artworks? LittleDoofus’ post continued: “Ok so I kinda understand how someone might see the CryptoPunks o

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Bitcoin jumps past $50K as US CPI data shows highest inflation in nearly 40 years

CPI data is in line with forecasts but still shows a huge spike, while the long-term consequences for Bitcoin are far from universally positive. 8296 Total views 124 Total shares Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as the United States Consumer Price Index (CPI) data showed inflation in November was worse than anticipated.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView November CPI conforms to expectations

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NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im

A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH. 7130 Total views 50 Total shares The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa's announcement that

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US lawmaker purchases exposure to Bitcoin through Grayscale shares

Congressperson Marie Newman bought between $15,001 and $50,000 of GBTC in addition to up to $215,000 in Coinbase Global's COIN shares. 4068 Total views 32 Total shares Illinois Representative Marie Newman has disclosed she purchased up to $50,000 in exposure to crypto through shares of Grayscale Bitcoin Trust. According to a financial disclosure report filed with the U.S. House of Representatives on Wednesday, Congressperson Newman bought betwee

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MicroStrategy purchases $82M in Bitcoin, now holds 122,478 coins

MicroStrategy’s holdings are valued at more than $5.9 billion, representing more than $2.2 billion in gains since its initial purchase in August 2020. 5107 Total views 55 Total shares Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477. According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BT

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Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021

Many crypto people predicted Bitcoin to break $100,000 in 2021, but BTC has yet to climb higher than $68,000. 9124 Total views 39 Total shares As 2022 draws closer, some cryptocurrency investment experts are doubtful about whether Bitcoin (BTC) has enough time to hit $100,000 in 2021. Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,0

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Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip

Large-volume trader moves point to concerns that a fresh Bitcoin price dip could still occur. 55109 Total views 171 Total shares Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highligh

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Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K

Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market. 10129 Total views 62 Total shares The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000.  Data from Cointelegraph Markets Pro and TradingView shows that bulls are managing

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Bitcoin could 'drive people nuts' for months with $53K BTC price ceiling — analyst

Investors, not short-term traders, will be the likely beneficiaries of upcoming BTC price moves, popular names agree. 14103 Total views 25 Total shares Bitcoin (BTC) may spend "months" ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysts warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott Melker, known as the Wolf of All Streets, said that ranging behavior could last well into 2022. Bi

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Alameda Research leads $35M fund raise for crypto trading app Stacked

Launched in April 2020, Stacked is a web-based app allowing users to access trading strategies via pre-built stacks. 4471 Total views 34 Total shares Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked. On Thurs, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Miran

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Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case

ETH/BTC stays near its highest since 2018, but that’s nothing compared to its next move, one trader believes. 53494 Total views 158 Total shares Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitt

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Jack Dorsey steps down from Twitter, MicroStrategy snaps up 7K BTC and Square rebrands to Block: Hodler’s Digest, Nov. 28-Dec. 4

Coming every Saturday, Hodler’s 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 Jack Dorsey has stepped down as Twitter CEO Twitter co-founder Jack Dorsey announced Monday that he has stepped down from his role as CEO. Replacing Dorsey will be Twitter board member

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US firm WisdomTree lists crypto ETP on Euronext

U.S. companies are rushing to launch crypto investment products in Europe amid regulatory pushbacks at home. 3522 Total views 34 Total shares United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP). On Dec. 2, WisdomTree listed its Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Pa

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It’s time for the philanthropic sector to embrace digital currencies

Such principles as decentralization and tokenization will enrich the nonprofit and charitable sectors via accepting donations in crypto. 3910 Total views 70 Total shares The amount of cryptocurrencies on the market has skyrocketed from 500 in 2014 to nearly 7,000 only seven years later in October 2021. A reported 14% of people in the United States — which roughly equals 21.2 million people — have purchased some form of cryptocurrency, with m

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US firm WisdomTree lists crypto ETP on Euronext

U.S. companies are rushing to launch crypto investment products in Europe amid regulatory pushbacks at home. 3338 Total views 34 Total shares United States-based companies are increasingly listing cryptocurrency-based investment products in Europe, with asset manager WisdomTree getting another listing for its crypto basket exchange-traded product (ETP). On Dec. 2, WisdomTree listed its Crypto Mega Cap Equal Weight ETP on Euronext exchanges in Pa

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Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case

ETH/BTC stays near its highest since 2018, but that’s nothing compared to its next move, one trader believes. 47600 Total views 158 Total shares Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitt

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In 2013, Wired destroyed the key to 13 BTC now worth $760K... to make a point

Wired considered donating its holdings to charity back in 2013 but instead decided that the “obvious” choice was to destroy the key to its wallet holding 13 BTC. 19269 Total views 217 Total shares There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency. Among the ranks of once-were Bitcoin naysayers is Wired, which destroyed the private key to a Bitcoin (BTC) wallet holding 13.34623

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SEC rejects WisdomTree's application for spot Bitcoin ETF

The Cboe BZX Exchange used the examples set by CME's crypto futures products in its argument for approval, but the SEC rejected them. 4988 Total views 51 Total shares The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year. According to a Wednesday filing, the SEC rejected a proposed ru

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Grayscale tells SEC 'no basis' to approve Bitcoin futures ETFs and not spot ETFs

A letter to the secretary of the SEC outlines discrepancies in its rejection of Bitcoin spot ETFs and acceptance of Bitcoin futures ETFs. 9683 Total views 60 Total shares Grayscale Investments has fired back at the U.S. Securities and Exchange Commission (SEC) over its recent rejection of VanEck’s spot Bitcoin ETF application. The operator of the Grayscale Bitcoin Trust (GBTC) issued a letter to the secretary of the SEC, Vanessa Countryman, on

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Academic research claims ETH is a 'superior' store of value to Bitcoin

The report highlights the merits of EIP-1559 as a tool for making ETH a deflationary cryptocurrency and potentially better store of value than Bitcoin. 2401 Total views 64 Total shares Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.” A Nov. 18 paper by four Australian researchers discus

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Grayscale tells SEC 'no basis' to approve Bitcoin futures ETFs and not spot ETFs

A letter to the secretary of the SEC outlines discrepancies in its rejection of Bitcoin spot ETFs and acceptance of Bitcoin futures ETFs. 9217 Total views 60 Total shares Grayscale Investments has fired back at the U.S. Securities and Exchange Commission (SEC) over its recent rejection of VanEck’s spot Bitcoin ETF application. The operator of the Grayscale Bitcoin Trust (GBTC) issued a letter to the secretary of the SEC, Vanessa Countryman, on

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Bitcoin cools from 1-week highs with key long-term metric echoing $44K

A “bullish engulfing” enters on multi-day charts as BTC price action manages to preserve some of Monday’s gains. 20049 Total views 53 Total shares Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI sees “bullish engulfing” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to

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CBDC is a tool to combat Bitcoin, says Bank of Indonesia exec

“CBDC would be part of an effort to address the use of crypto in financial transactions,” Central Bank of Indonesia assistant governor Juda Agung said. 7454 Total views 75 Total shares Central bank digital currencies (CBDC), digital versions of national currencies introduced in response to growing cryptocurrency adoption, would be an essential tool for combating crypto, according to the Central Bank of Indonesia. The Central Bank of Indonesi

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India’s crypto unicorn CoinDCX has no immediate plans for IPO

CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August. 1230 Total views 31 Total shares India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing as the regulatory environment in the country remains uncertain. CoinDCX has no definitive route or clause as to when to go ahead with a potential initial public offering (IPO), the firm told Cointelegraph in an offici

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Bitcoin transaction fees are down by over 50% this year

Transaction fees have dropped this year, after a spike earlier this summer. 4093 Total views 52 Total shares According to YCharts data, the average transaction fee of Bitcoin (BTC) has dropped from $4.40 to $1.80 this year, a decrease of 57.97%. This rise may be attributed to a variety of factors.  One explanation is that the fast expansion of the Bitcoin Lightning Network, in which transactions are off the blockchain, may have been a catalyst

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Price analysis 11/26: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB

Bitcoin and most major altcoins are on the verge of starting a deeper correction, which will signal that a short-term top may be in place. 34246 Total views 56 Total shares Bitcoin (BTC) and most major altcoins sold off along with global equity markets and crude oil on Nov. 26. The markets were roiled on news of a new coronavirus variant detected in South Africa that is worrying scientists due to its large number of mutations in the spike protei

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Galaxy Digital raises $500 million in convertible debt to fund business expansion

The move comes after the company increased its net profits by over ten-fold in the last quarter. 1777 Total views 33 Total shares Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per ann

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El Salvador celebrates Black Friday, buys 100 BTC for 20% off

With the addition of the 100 coins today, El Salvador holds 1,220 BTC, worth roughly $66.3 million following the crypto asset's drop to the $54,000s. 17805 Total views 196 Total shares Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday. In a Friday tweet, El Salvador's president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in

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Top 5 cryptocurrencies to watch this week: BTC, BNB, LUNA, MANA, SAND

Bitcoin looks ready to rebound off a critical support level and if this happens select altcoins like BNB, LUNA, MANA and SAND may also attract buyers. 4946 Total views 65 Total shares Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain detected in So

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Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution

The country saw a great influx of miners this year, but it might have to sacrifice the immense tax revenue from Bitcoin miners if power grid issues are not resolved. 7463 Total views 54 Total shares The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country’s president has proposed solving with nuclear energy. Kazakhstan’s Ministry of Energy has attributed the 8% increase in dom

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Bitcoin price metric demands ‘strong reaction’ as $56K BTC starts to look ‘seriously cheap’

Current limp Bitcoin price performance is not fooling analysts, as Advanced NVT Signal joins those predicting a dramatic BTC renaissance. 21278 Total views 74 Total shares Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says. In a tweet on Nov. 24, Philip Swift, creator of analytics platform LookIntoBitcoin, highlighted a bull flag on Bitcoin’s Advanced NVT Signal. B

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El Salvador celebrates Black Friday, buys 100 BTC for 20% off

With the addition of the 100 coins today, El Salvador holds 1,220 BTC, worth roughly $66.3 million following the crypto asset's drop to the $54,000s. 12460 Total views 198 Total shares Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday. In a Friday tweet, El Salvador's president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in

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Collins Dictionary announces ‘NFT’ as word of 2021

NFT is the word of the year according to Collins Dictionary, even though it is an abbreviation. 3980 Total views 92 Total shares The Collins Dictionary has officially announced its 10-word annual shortlist for word of 2021, as well as declaring that “NFT” — though technically understood to be an abbreviation for “nonfungible token” — is its word of the year, surpassing the likes of “crypto,” “metaverse” and “hybrid working,

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Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution

The country saw a great influx of miners this year, but it might have to sacrifice the immense tax revenue from Bitcoin miners if power grid issues are not resolved. 6833 Total views 54 Total shares The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country’s president has proposed solving with nuclear energy. Kazakhstan’s Ministry of Energy has attributed the 8% increase in dom

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Spanish regulator raises alarm on Binance promo by soccer star Iniesta

A Binance promotion post by soccer legend Andrés Iniesta has so far amassed over 270,000 likes on Instagram. 2821 Total views 63 Total shares A major financial regulator in Spain has put out a warning regarding soccer star Andrés Iniesta for promoting major cryptocurrency exchange Binance. Iniesta, a prolific midfielder who has played for Barcelona and the Spanish national team, was promoting Binance on his social media profiles on Instagram a

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Bitcoin exchanges see large deposits despite BTC reserves hitting 3-year lows

Bitcoin price spikes continue as data reveals exchange activity is anything but flat this week. 18147 Total views 74 Total shares Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows.  According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have accounted for over 90% of recent exchange deposits. Top 10 deposits make up 90%

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Bitcoin stays volatile as BTC jumps $2.9K in 15 minutes before Wall St. open

Sunday's losses are erased in an instant in a classic move which nonetheless keeps Bitcoin price action below $60,000. 8792 Total views 57 Total shares Bitcoin (BTC) stayed true to form on Nov. 22 as the hour before the Wall St. opening bell was met with a sudden surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Skittish Bitcoin darts around below $60,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/US

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VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto

The SEC rejecting VanEck’s spot ETF started a price reversal for Bitcoin as the regulator’s outlook on cryptocurrencies is revealed further. 15013 Total views 54 Total shares Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov.

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Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K

BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action. 22650 Total views 63 Total shares Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but Monday's drop back under $56,000 is raising eyebrows among traders. Data from Cointelegraph Markets Pro a

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Institutional managers bought the dip as crypto funds see $154M in weekly inflows

Bullish sentiment surrounding crypto has not wavered despite the recent market correction that saw Bitcoin fall to sub-$57,000 levels. 9094 Total views 103 Total shares Institutional investors were unfazed by the recent correction in the cryptocurrency markets, as digital asset funds dedicated to Bitcoin (BTC) and Ether (ETH) continued to grow, according to data from CoinShares.  Crypto investment products, which include exchange-traded funds (

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$60K becomes resistance — 5 things to watch in Bitcoin this week

A headache for Bitcoin bulls is compounded by a raging U.S. dollar as investors sit on the fence over which way the market will go. 25019 Total views 122 Total shares Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support. After a promising weekend, BTC/USD ultimately saw rejection at $60,000 twice and has since headed below $57,000 as market momentum wanes. The stakes are high: Some

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Bitcoin stays volatile as BTC jumps $2.9K in 15 minutes before Wall St. open

Sunday's losses are erased in an instant in a classic move which nonetheless keeps Bitcoin price action below $60,000. 6874 Total views 47 Total shares Bitcoin (BTC) stayed true to form on Nov. 22 as the hour before the Wall St. opening bell was met with a sudden surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Skittish Bitcoin darts around below $60,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/US

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Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

Bitcoin and most major altcoins are attempting a recovery, but higher levels are still likely to attract strong selling. 44923 Total views 89 Total shares Bitcoin (BTC) dropped below $56,000 on Nov. 19, completing a near 20% correction from the all-time high. The Crypto Fear Greed Index, which remained in the greed zone for most of the past two months, has plummeted into the fear category with a reading of 34. Cryptocurrency research firm Delphi

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Back to back all-time highs from AVAX, ENJ and EGLD suggest it’s ‘altseason’

AVAX, ENJ and EGLD brush off the recent drop in BTC price by posting a fresh round of all-time highs. 16695 Total views 55 Total shares Its been a rollercoaster week in the cryptocurrency market after volatility returned to shake up Bitcoin (BTC) price, pushing the digital asset to lows not seen since mid-October.  As has happened frequently in the past, the drop in price of BTC was followed by a rotation into altcoins and the Altseason Indicat

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Digital currencies won’t impact US sanctions, Treasury exec says

Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said. 4570 Total views 65 Total shares Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominan

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Altcoin Roundup: 3 signs that show crypto mass adoption is underway

A slew of major developments in finance and popular culture indicate that 2021 officially kicked off the mass adoption of cryptocurrencies. 9094 Total views 69 Total shares The march toward blockchain and cryptocurrency mass adoption has made significant strides in 2021 as the growth of decentralized finance (DeFi) and nonfungible tokens (NFT) thrust crypto into the mainstream media spotlight on a daily basis. From the rise of meme coins such as

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Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support

Blockchain games, NFT creators and major corporations are looking to acquire space in the Metaverse. Here’s how the growing sector is impacting SAND, MANA, GALA and WAXP price. 11783 Total views 104 Total shares Bitcoin’s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear

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Price analysis 11/17: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

Bitcoin and most major altcoins are attempting to hold above their immediate resistance levels, a sign that bulls could be buying on each dip. 32535 Total views 83 Total shares Bitcoin (BTC) and Ether (ETH) are testing psychologically important support levels at $60,000 and $4,000 respectively. Both these levels are critical to keeping the uptrend intact in the short term. While the fall may scare off leveraged traders, Bitcoin whales seem to be

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NYDIG partners with Houston Rockets basketball franchise, plans to pay team in BTC

The deal seems to be part of a larger move for Rockets owner Tilman Fertitta, who is also the chairman and CEO of a restaurant group that recently launched a Bitcoin rewards program. 4188 Total views 33 Total shares The New York Digital Investment Group will be paying the National Basketball Association’s Houston Rockets franchise in Bitcoin as part of a partnership aimed at promoting crypto education and adoption. In a Tuesday announcement, t

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Indian PM urges democratic countries to collaborate on cryptocurrencies

Indian Prime Minister Narendra Modi has grown increasingly vocal about cryptocurrencies. 4040 Total views 73 Total shares India appears to be taking a progressive stance on Bitcoin (BTC), especially given the fact that the country is attempting to reach a uniform viewpoint on the categorization and legality of this new asset class. Amid a slew of cabinet meetings, industry debriefings and mounting banking issues, the country’s prime minister h

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ETC Group announces new blockchain equity ETF with HANetf partnership

HANetf and ETC Group announced the continuation of their collaboration with a blockchain equity ETF. 5371 Total views 67 Total shares The ETC Group and white-label issuer HANetf have reportedly announced the continuation of their partnership with the introduction of the ETC Group Digital Assets Blockchain Equity UCITS exchange-traded fund (ETF), which tracks other cryptocurrency products. The new crypto-focused fund will provide digital assets a

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Novogratz’s crypto firm Galaxy Digital delays US stock listing to 2022

After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022. 1962 Total views 32 Total shares Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment management firm, is not going public in the United States in late 2021 as the firm previously planned. Galaxy Digital has postponed plans for a U.S. listing, now expecting to go public in the first quarter of 2022, the comp

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VanEck Bitcoin Strategy ETF launch day volume a fraction of BITO's

Lower volumes compared to ProShares were expected, but Van Eck hopes its lower fees can give it an edge over competitors. 5224 Total views 66 Total shares The VanEck Bitcoin Strategy exchange-traded fund (ETF) (XBTF) closed its first day of trading on Tuesday with "respectable" trading volume, but one that pales in comparison to similar launches. Bitcoin futures ETFs provide investors exposure to potential future prices of Bitcoin without forci

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NYDIG partners with Houston Rockets basketball franchise, plans to pay team in BTC

The deal seems to be part of a larger move for Rockets owner Tilman Fertitta, who is also the chairman and CEO of a restaurant group that recently launched a Bitcoin rewards program. 3002 Total views 34 Total shares The New York Digital Investment Group will be paying the National Basketball Association’s Houston Rockets franchise in Bitcoin as part of a partnership aimed at promoting crypto education and adoption. In a Nov. 16 announcement, t

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What can Eric Adams do? The limits of turning New York City into a crypto hub

Despite the limitations of his office, the mayor-elect of New York could leverage his agenda-setting power to the benefit of both crypto and city residents. 2816 Total views 56 Total shares Despite his actual term at the helm of the New York City government kicking off some 1.5 months from now, Eric Adams, the city’s mayor-elect, has already started governing by publicity. Making the Empire City more business and tech-friendly is a centerpiece

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Bitcoin bargain: 3rd-biggest whale address adds 207 BTC at $62K

Whales are broadly acting just like in the 2017 bull market, research suggests, as Bitcoin price action takes another breather. 27076 Total views 171 Total shares Bitcoin (BTC) whales are back in the game near $60,000 as data shows classic bull market behavior. According to on-chain monitoring resources on Nov. 16, the third-largest Bitcoin whale address has increased its holdings by 207 BTC. Whales buy the dip Despite falling 8% over the past 2

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Bitcoin due to hit $90K 'in coming weeks' despite pullback — Latest technical analysis

It's a case of "if in doubt, zoom out" this week, as Bitcoin heads for a showdown with Taproot and ETF approvals. 63191 Total views 229 Total shares Bitcoin (BTC) is still on to run to $90,000 in the coming weeks after “trapping” leverage traders. In its latest market update on Nov. 12, trading platform Decentrader underscored popular sentiment on BTC price action. Update: High timeframes "remain bullish" Despite losing $4,000 in a single da

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Pew Research Center: At least 16% of Americans have owned crypto

The poll seems to indicate that crypto investors skew younger and more male than the population as a whole. 3593 Total views 52 Total shares A survey released by the Pew Research Center on Thursday found that roughly 16% of Americans have invested, traded or used some form of cryptocurrency. The number jumps to 31% for people aged 18–29, and even higher to 43% for males in the same age bracket. Black, Hispanic and Asian participants in the stu

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'Bull market distribution has begun' — 5 things to watch in Bitcoin this week

A charge into the weekly close delights analysts as "Moonvember" looks set to continue — can anything spoil bulls' fun? 6274 Total views 31 Total shares Bitcoin (BTC) begins a new week with a race towards all-time highs as bulls save the day — and the week — at the last minute. A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000. It is a classic move that has become al

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AMC Theatres debuts online Bitcoin payments after months of teasing

AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next. 5315 Total views 104 Total shares American cinema giant AMC Theatres is finally adopting cryptocurrencies such as Bitcoin (BTC) for online payments following months of teasing the new payment option. AMC CEO Adam Aron announced Thursday that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), B

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Bitcoin due to hit $90K 'in coming weeks' despite pullback — latest technical analysis

It's a case of "if in doubt, zoom out" this week, as Bitcoin heads for a showdown with Taproot and ETF approvals. 53851 Total views 229 Total shares Bitcoin (BTC) is still on to run to $90,000 in the coming weeks after “trapping” leverage traders. In its latest market update on Nov. 12, trading platform Decentrader underscored popular sentiment on BTC price action. Update: High timeframes "remain bullish" Despite losing $4,000 in a single da

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Bitcoin hitting $59K would be ‘extremely healthy,’ says trader as BTC price retreats

A correction continues for Bitcoin during Friday, but it may not be over yet, and analysts are far from worried. 19882 Total views 72 Total shares Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC: Consolidation becomes down move Data from Cointelegraph Markets Pro and TradingView captured fluid market conditions on Fr

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Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0

Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network. 12610 Total views 77 Total shares The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progress

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Russian Duma creates working group to tackle crypto mining regulations

Some regulators feel that a lack of clear laws for the industry is helping crypto miners avoid paying taxes. 1273 Total views 42 Total shares The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry. According to an official announcement on Thursday, State Duma Chairman Vyacheslav Volodin instructed the legislature to create a group that will address

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Bitcoin hitting $59K would be ‘extremely healthy,’ says trader as BTC price retreats

A correction continues for Bitcoin during Friday, but it may not be over yet, and analysts are far from worried. 12630 Total views 42 Total shares Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC: Consolidation becomes down move Data from Cointelegraph Markets Pro and TradingView captured fluid market conditions on Fr

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Nigerian banks tracking customer accounts for crypto trading

Personal accounts with large multi-day inflow and outflow are being tracked at the behest of the country’s central bank. 6428 Total views 40 Total shares In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading. The action is in response to an order from the Central Bank of Nigeria (CBN) demanding all commercial banks freeze accounts belonging to at least two individuals engaged in cryp

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Bitcoin dips below $67K as Tesla stock slump combines with Apple CEO denying crypto plans

A close relationship with TSLA sees Bitcoin react to a 12% stock slump, while Apple adds to the sense of anticlimax despite recent BTC all-time highs. 22180 Total views 59 Total shares Bitcoin (BTC) fell $1,400 in half an hour during Nov. 9 after a snap sell-off hit Tesla (TSLA) stock. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tesla falls 12%, Bitcoin 2% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD

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Bitcoin dips below $67K as Tesla stock slump combines with Apple CEO denying crypto plans

A close relationship with TSLA sees Bitcoin react to a 12% stock slump, while Apple adds to the sense of anticlimax despite recent BTC all-time highs. 21845 Total views 59 Total shares Bitcoin (BTC) fell $1,400 in half an hour during Nov. 9 after a snap sell-off hit Tesla (TSLA) stock. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tesla falls 12%, Bitcoin 2% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD

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Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support

LPT, LRC and KP3R saw strong gains on Nov. 9 as Bitcoin price hit a sell wall and retraced to underlying support levels. 19135 Total views 32 Total shares Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin's move to a new all-time high and the ensuing consolidation that tends to occur after (BTC) pulls back to retest underlying support levels. As is often the case when Bitcoin has pullbacks during a bull market, some o

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Record whale accumulation precipitated latest all-time high Bitcoin breakout

Bitcoin’s new all-time highs appear to have been triggered by a dramatic reduction in active supply over recent months. 17041 Total views 67 Total shares Bitcoin (BTC) investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%.  On-chain analytics provider Glassnode identified the milestone in it

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Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls

Analysts say that BTC’s price is set for a near-parabolic price move once the “last” resistance at $67,000 is cleared. 25317 Total views 107 Total shares The bulls are on the march again, and this time, they’ve set their sights on a new all-time high for Bitcoin’s (BTC) price, which is within striking distance of the $67,000 level. Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Monday catapulted th

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Argo Blockchain's Texas mining facility could cost up to $2B

CEO Peter Wall has cited Texas’ cheap renewable energy as well as its openness to innovation in new technologies as part of the reason for the construction of the data center. 6480 Total views 31 Total shares United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to $2 billion. According to a Friday regulatory filing from Argo, the $2 billion

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Price analysis 11/8: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, AVAX

Bitcoin and Ethereum are taking full control of the market and technical analysis shows altcoins intend to keep pace with the top 2 cryptocurrencies. 13607 Total views 47 Total shares Bitcoin (BTC) is close to making a new all-time high and Ether (ETH) finally soared to hit a new high at $4,800. This pushed the total crypto market capitalization above $3 trillion for the first time ever on Nov. 8, according to data from CoinGecko. Data from Sant

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Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher. 20995 Total views 91 Total shares Price action in the crypto market has not been for the faint of heart over the past 48 hours and it's clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts brought new all-time highs.  While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful

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NYC and Miami mayors duke it out on Twitter over who is the bigger crypto advocate

"I look forward to the friendly competition in making our respective cities a crypto capital," said recently re-elected Miami Mayor Francis Suarez. 3188 Total views 59 Total shares Newly-elected New York City Mayor Eric Adams has reiterated his pledge to make the city a crypto hub by accepting his first three paychecks entirely in Bitcoin (BTC). In a Thursday response on Twitter to Francis Suarez — re-elected for another term as of Tuesday —

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Bitcoin on-chain metric suggests 2017-style bull run will continue

Dubbed MVRV, the indicator represents the ratio of Bitcoin's market value to realized value. 10233 Total views 37 Total shares Bitcoin's (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin's market value to its realized value — similar to the pri

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Burger King gives away free crypto, bulls predict $98K BTC in November and Australian mega bank offers crypto trading services: Hodler’s Digest, Oct. 31-Nov. 5

Coming every Saturday, Hodler’s 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 ‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week After Bitcoin’s ( BTC ) first-ever monthly close above $60,000 for October and a

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'PlugWalkJoe' indicted for $784K cryptocurrency theft scheme

Joseph O’Connor indicted on a raft of wire fraud, computer hacking, money laundering and identify theft counts. 2183 Total views 7 Total shares Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities

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NYC and Miami mayors duke it out on Twitter over who is the bigger crypto advocate

"I look forward to the friendly competition in making our respective cities a crypto capital," said recently re-elected Miami Mayor Francis Suarez. 3036 Total views 59 Total shares Newly-elected New York City Mayor Eric Adams has reiterated his pledge to make the city a crypto hub by accepting his first three paychecks entirely in Bitcoin (BTC). In a Thursday response on Twitter to Francis Suarez — re-elected for another term as of Tuesday —

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Bitcoin whale selling jumps while BTC price holds $60K and buyers snap up supply

Demand is keeping up with increasing activity from whales this week, the latest data confirms. 9999 Total views 35 Total shares Bitcoin (BTC) is still seeing a supply squeeze despite a significant uptick in whale selling on exchanges this week. As confirmed by on-chain monitoring resource CryptoQuant on Nov. 5, whales have accounted for the vast majority of selling pressure in recent days. Whale coins find a new home A familiar event but with c

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Bitcoin on-chain metric suggests 2017-style bull run will continue

Dubbed MVRV, the indicator represents the ratio of Bitcoin's market value to realized value. 8603 Total views 8 Total shares Bitcoin's (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin's market value to its realized value — similar to the price

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Laotian gov’t budget expected to gain $194M from crypto miners by 2022

Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic. 2637 Total views 86 Total shares The Laotian government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million to the country’s total domestic revenue projected for 2022. According to a Tuesday report from Malaysian news outlet The Star, the

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To the moon: Huobi wants to send someone to space for its 8th birthday

Huobi will celebrate another year around the sun by sending a lucky user to space. 6955 Total views 80 Total shares Huobi Group, a major global blockchain company behind the world’s third-largest cryptocurrency exchange by trading volume, is celebrating its eighth birthday in a somewhat unusual way. The company will hold a series of events as part of its eighth-anniversary celebrations, including giveaway promotions and a space travel ticket,

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Bitcoin price consolidation ‘could be over,’ says trader as Ethereum, Polkadot hit all-time highs

A sea of green among altcoins comes as BTC/USD preserves its own gains, which have taken it past $63,000. 36946 Total views 50 Total shares Bitcoin (BTC) is in line for a continuation of its bull run, fresh analysis says, as BTC/USD retains its 2.2% daily gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $62,500 eyed for BTC price bounce As data from Cointelegraph Markets Pro and TradingView tracks Bitcoin’s best day fo

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BitMEX goes carbon-neutral and pledges to go the extra mile

According to recent data, the cryptocurrency sector outputs near 150 TWh of electricity annually, a figure higher than countries such as Poland, Norway, Egypt or Sweden. 1684 Total views 6 Total shares Cryptocurrency exchange BitMEX has become one of the first exchanges in the sector to announce their carbon-neutral status, as well as vowing to offset emissions of all Bitcoin transactions to and from the platform. In a candid statement, the comp

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JPMorgan says BTC’s 'fair price' is $35K... but it still expects crypto to 'outperform'

Investment bank strategists say that BTC could climb as high as $73,000 if markets remain frothy. 7276 Total views 91 Total shares American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for. In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “shoul

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Price analysis 11/1: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, LUNA

Bitcoin and Ether closed October on a strong note, increasing the possibility that the rally will pick up pace in November. 25511 Total views 84 Total shares Bitcoin (BTC) and Ether (ETH) had their highest monthly close ever in October, indicating strong momentum that favors buyers. The focus now shifts to November, which has been largely bullish for Bitcoin. Since 2013, Bitcoin has closed November in the red on only two occasions, in 2018 and 2

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The United States will become the global crypto and blockchain leader

The United States is rapidly embracing decentralized finance, the cryptocurrency sector and the innovative industry of blockchain technology. 21817 Total views 352 Total shares We have some great news coming out of the United States on the cryptocurrency industry this month with potentially more good news coming later this fall. On Oct. 6, Gary Gensler, head of the U. S. Securities and Exchange Commission (SEC), confirmed during a House Committ

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Ethereum’s new all-time high prepares ETH for 'continuation to $5,000'

Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000. 17794 Total views 190 Total shares The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460.  ETH/USDT 4-hour chart. Source: TradingView Here's what a

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Friday’s jaw-breaking $3.2B Bitcoin options expiry could kick-start a new rally

Bitcoin bulls could be in for a $715 million profit if BTC price is above $60,000 ahead of Friday’s $3.2 billion options expiry. 35641 Total views 114 Total shares Bitcoin (BTC) has been trading in a descending channel pattern since its $67,000 all-time high on Oct. 20, which was just one day after ProShares’ Bitcoin Strategy ETF (BITO) debuted at Nasdaq. However, bulls have a sufficient number of incentives to peg Bitcoin's price above $6

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Twitter CEO Jack Dorsey reiterates a positive outlook on Bitcoin tipping during earnings call

Dorsey suggested that the new initiative is incentivizing content creation and cryptocurrency adoption alike. 7206 Total views 46 Total shares Back in September, Twitter became the first major social media platform to adopt Bitcoin (BTC) tipping, enabling users to send BTC directly to their favorite content creators through the site’s native frontend. The company also allowed users to send their BTC over the Bitcoin Lightning Network to ensure

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To the roots of mining: Bitcoin going green faster than ever

Many crypto-mining firms are transitioning to renewable sources of energy to help facilitate their operations. 5092 Total views 62 Total shares There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward th

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Bank of Spain issues registration guidelines for crypto services

All individuals and institutions in the country, including banks, will have to sign up using the new AML registry from the Bank of Spain. 3223 Total views 45 Total shares The central bank of Spain is introducing new registration guidelines for local virtual currency service providers, or VASPs, including banking institutions. The Bank of Spain has issued instructions on VASP registration for Anti-Money Laundering, or AML, purposes, requiring ins

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Crypto investments a financial backup for Facebook whistleblower

Frances Haugen also received financial help from nonprofit organizations backed by Pierre Omidyar, a co-founder of eBay. 3687 Total views 49 Total shares Frances Haugen, a former Facebook employee turned whistleblower, revealed that her refuge in Puerto Rico is currently being supported by an auspiciously timed cryptocurrency investment. Haugen worked as a Facebook product manager before accusing the company of spreading controversial and insens

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New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’

ETF issuers are getting creative with two new filings for inverse and leveraged funds. 46 Total views 1 Total shares Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin. In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the Direxion Bitcoin Strategy Bear ETF. Like other futures products, it will not invest direct

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Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel

Did Satoshi Nakamoto work on E-Gold? If so, Peter Thiel thinks he has a way to narrow down the identity of Bitcoin’s creator. 11212 Total views 32 Total shares PayPal co-founder and billionaire venture capitalist Peter Thiel believes he may hold a clue on how to find Satoshi Nakamoto, Bitcoin’s (BTC) pseudonymous creator who disappeared two years after mining the cryptocurrency’s genesis block in January 2009.  His theory stems from an ea

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PayPal logs its largest Bitcoin volume since May BTC price crash

The world's leading payment services provider processed $145.60 million worth of Bitcoin trades on the day BTC rallied to its record high of $67,000. 9216 Total views 80 Total shares Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Oct. 20, just as the benchmark crypto rallied toward its record high near $67,000. The latest spike in volumes came out to be the highest since the May 19 Bitcoin pric

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YouTube channels hacked and rebranded for live-streaming crypto scams

Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who sell the hacked YouTube channels to the highest bidder. 4621 Total views 31 Total shares A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels for broadcasting cryptocurrency scams. The TAG

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Bitcoin sheds 6% in battle for all-time high support amid falling funding rates

Bitcoin markets are getting slowly cleansed of irrational exuberance with a classic drawdown toward $60,000. 11157 Total views 21 Total shares Bitcoin (BTC) briefly dipped below $63,000 on Oct. 21 as a standard correction cooled the market. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles for new support at old peak Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time high

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Altcoins breakout even as Bitcoin price falls to $60,000

RUNE, OKB and MOVR pressed higher even as traders continue to pull profits from Ether and BTC. 10055 Total views 46 Total shares Today Bitcoin (BTC) price and Ether (ETH) price pulled back to lower support levels after an exciting week that saw BTC soar to a new all-time high after the successful launch of two exchange-traded funds.  While much of the focus has been on BTC and Ether, multiple altcoins have racked up notable gains on as some

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Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts

Unprecedented demand for the ProShares futures fund could result in longer contracts that may stray from Bitcoin prices. 12340 Total views 98 Total shares The ProShares Bitcoin Strategy exchange-traded fund (ETF) is on track to reach a limit on the number of futures contracts it’s allowed after quickly becoming a little too popular. After just a couple of days of trading, the ProShares ETF has reached 1,900 contracts sold for October and there

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Bitcoin sheds 6% in battle for all-time high support amid falling funding rates

Bitcoin markets are getting slowly cleansed of irrational exuberance with a classic drawdown toward $60,000. 10129 Total views 21 Total shares Bitcoin (BTC) briefly dipped below $63,000 on Oct. 21 as a standard correction cooled the market. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles for new support at old peak Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time high

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Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel

Did Satoshi Nakamoto work on E-Gold? If so, Peter Thiel thinks he has a way to narrow down the identity of Bitcoin’s creator. 5686 Total views 29 Total shares PayPal co-founder and billionaire venture capitalist Peter Thiel believes he may hold a clue on how to find Satoshi Nakamoto, Bitcoin’s (BTC) pseudonymous creator who disappeared two years after mining the cryptocurrency’s genesis block in January 2009.  His theory stems from an ear

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Bitcoin futures ETFs: Good, but not quite there

With a Bitcoin futures exchange-traded fund, getting exposure to the world’s largest cryptocurrency will be easier than ever. 2570 Total views 13 Total shares The odds of the United States Securities and Exchange Commission (SEC) approving a Bitcoin (BTC) exchange-traded fund (ETF) before a physical Bitcoin ETF are higher than ever, courtesy of Chairman Gary Gensler’s now oft-repeated preference for the former. But here’s the issue: an ETF

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All-time highs next? Bitcoin holds $62K as the dollar index tumbles to 3-week lows

The U.S. dollar index reached its lowest levels in three weeks on Oct. 19, triggering a rising wedge pattern. 4637 Total views 28 Total shares The U.S. dollar index (DXY) could continue its slide in Q4, according to a classic technical setup known as a “rising wedge.” The greenback’s bearish prospects may boost Bitcoin’s (BTC) price to new all-time highs as it holds above $62,000. DXY poised for another 1.75% drop Rising wedges are be

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Lushsux: A decade of ass-whoopin’ and skullduggery in a single NFT 

Lushsux’s street art is celebrated by Banksy and Beeple ; his NFTs have made millions; and he has a landmark auction planned for a “major auction house” next March — but he’s still very much a man of the people. The artist is showing me around his studio warehouse in inner-city Melbourne but gets concerned when I point my camera in the vague direction of his beaten-up old Ford. The anonymous artist is worried that I’ll inadvertently expose his location to other graffiti crews

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Ankr Network, Stacks and Kadena rally while most altcoins cool off

ANK, STX and KDA took a different path than most altcoins by posting double-digit gains over the past 24 hours. 817 Total views 21 Total shares Even with Bitcoin (BTC) price on the verge of a new all-time high, the cryptocurrency market projects an aura of anxious optimism on Oct. 18 as investors await the official launch of the first Bitcoin exchange-traded fund (ETF), which is set to begin trading on Oct. 19.  While the market waits for the

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Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Hopes of a BTC ETF approval sent Bitcoin charging toward a new all-time high and several altcoins are also breaking out of bullish setups. 30910 Total views 44 Total shares Bitcoin (BTC) rose within a few steps of $63,000 today for the first time since April 18. The recent surge in the price may have been caused after various documents pointed to the eventual approval of a futures-based BTC ETF by the United States Securities and Exchange Commis

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The responsibility behind a crypto lender’s asset listing

With the lack of regulation and common standards, a lot depends on crypto companies’ social responsibility and blockchain-based CSR. 4575 Total views 34 Total shares Crypto lenders are the institutions situated between consumers and the untamed, blockchain-based, and often unregulated space of cryptocurrencies. As such, they are in a peculiar position when it comes to responsibility towards their customers and the assets for which they provide

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Traders celebrate Bitcoin's impending ETF, but options markets are less certain

Everyone is cheering for the BTC ETF, but options markets data shows that the implied probability for Bitcoin trading above $70,000 on Oct. 29 is just 25%. 6785 Total views 77 Total shares The United States Securities and Exchange Commission, or SEC, is expected to rule on Oct. 18 whether to approve an application from asset manager ProShare Capital Management for a Bitcoin exchange-traded fund (ETF).  As previously reported by Cointelegraph, S

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Bitcoin all-time highs ‘just a matter of time’ after a BTC ETF approval looks certain

Bitcoin’s price spiked above $61,800 as the promise of a BTC ETF approval reignited the discussion on whether the top-ranked cryptocurrency will hit $100,000 by the end of the year. 14365 Total views 135 Total shares Optimism is bordering euphoria in the cryptocurrency market after a trove of documents pointed toward the eventual approval of Valkyrie’s Bitcoin (BTC) exchange-traded fund, or ETF, application by the United States Securities E

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CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

Open Interest surged to $3.22 billion on. Oct. 14 to levels not seen since February. 5060 Total views 79 Total shares Open interest (OI) for Bitcoin (BTC) Futures trading on the Chicago Mercantile Exchange (CME) inched toward a new record high on Oct. 14 as BTC reclaimed its five-month high of $58,550 on BitStamp. The total number of outstanding derivatives contracts on the CME Group's Bitcoin Futures market reached $3.22 billion, just $40 mil

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Cipher Mining splashes $350M on next-gen Bitcoin mining rigs from Bitfury

The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs. 4836 Total views 63 Total shares According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) on Monday, Cipher Mining will purchase 28,000 to 56,000 next-generation Bitcoin mining hardware from Bitfury at a cost of $6,250 per rig. At a maximum cost of $6,250 per machine, Cipher’s Bitcoin mining hardwar

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Bitcoin rewards triggered shopping frenzy for cardholders: BlockFi data

Owners of the Visa-backed Bitcoin rewards card amassed over 124 BTC collectively over 90 days, BlockFi data shows. 5638 Total views 28 Total shares Bitcoin (BTC) turned out to be a far more attractive prize than airline miles or other cashback rewards, new data from BlockFi suggests.  It’s been three months since the New York-based crypto loans startup launched its Visa-backed Bitcoin rewards credit cards, BlockFi Rewards Visa Signature Credi

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Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval

ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term. 8502 Total views 38 Total shares The price of Ether (ETH) is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network c

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Blockchain.com exchange debuts Bitcoin margin trading

Gold-verified users of Blockchain.com exchange in over 150 countries will now be able to trade Bitcoin with up to 5x leverage. 4300 Total views 69 Total shares Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services. In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request from users since launching its exchange service in 2019. Acc

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El Salvador to build $4M veterinary hospital using profits from Bitcoin trust

Salvadoran President Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust. 10133 Total views 163 Total shares Salvadoran President Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin (BTC) holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador. Taking to Twitte

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BTC price hits $57K five-month high — 5 things to watch in BTC this week

Bitcoin price action beats last week’s local high to edge ever closer into final resistance before all-time highs of $64,500. 23981 Total views 153 Total shares Bitcoin (BTC) is in top form — almost literally — as it heads into a new week less than 15% away from all-time highs. A classic cocktail of factors has laid the foundation for a fourth-quarter finale, which analysts are now confidently comparing to the bull runs of 2013 and 2017. D

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Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz

Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years. 8422 Total views 94 Total shares United States Senator Ted Cruz believes that his country should be using natural gas to mine Bitcoin (BTC) instead of flaring it. Speaking during Friday’s Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extrac

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Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders. 17157 Total views 37 Total shares Bitcoin (BTC) looks poised to pursue a run-up towards $100,000 as its price breaks out of a classic bullish structure. Dubbed as the Bull Pennant, the setup represents a price consolidation period with converging trendlines that form after a

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Stockbroker platform Public.com adds crypto trading feature

The stock trading app is set to debut crypto trading for its users except those in the state of New York. 2798 Total views 47 Total shares Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers. In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app they use to manage their stock portfolios. According to the

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Price analysis 10/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Bitcoin and select altcoins are facing selling at higher levels, indicating that short-term traders may be booking profits after the recent rally. 37721 Total views 75 Total shares Bitcoin’s (BTC) rally above $50,000 seems to have received a boost from institutional buyers who are looking to hedge their portfolio against increasing inflation, said JPMorgan in a note to its clients on Oct. 7. The bank’s analysts speculated that institutional

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Price analysis 10/6: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Bitcoin has surged above the overhead resistance and that has pulled several altcoins higher. 32238 Total views 56 Total shares Bitcoin (BTC) skyrocketed above the $1 trillion market capitalization on Oct. 6, pulling the total crypto market capitalization close to $2.3 trillion. This marks a complete 100% recovery from the June 22 lows when the total crypto market capitalization had plunged to about $1.15 trillion.  According to Chainalysis, t

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‘Large pump’ coming to Bitcoin, hints BTC price metric — But maybe not until December

Stochastic RSI all but copies moves that sparked 2013’s all-time highs, but hodlers may be kept waiting until the very last minute this year. 40827 Total views 137 Total shares Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years. In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities

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Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan

According to JPMorgan, this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin. 17507 Total views 176 Total shares Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1-trillion market capitalization to the asset. According to a note shared by JPMorgan with clients on Thursday, the recent increase in price for BTC was predominantly attribute

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AMC Theatres debuts crypto payments for e-gift card purchases

The major American theater chain wants to let customers buy movie tickets with crypto by 2022. 4220 Total views 103 Total shares American cinema giant AMC Theatres is steadily approaching its goal of accepting cryptocurrency payments by year-end, now debuting crypto purchases for electronic gift cards. AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theaters,

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Bitcoin beats stocks, commodities to become best-performing asset of 2021

BTC is up almost 50% this year overall, brushing aside corrections and increasingly decoupling from the macro environment in Q4. 10593 Total views 267 Total shares Bitcoin (BTC) is officially the best-performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%. Bitcoin hodlers up 49% year-to-date Despite Bitcoin’s wild rid

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Bitcoin returns to $1T asset as BTC price blasts to $55K

It’s full bull all over again as $56,000 and a trillion-dollar market cap become the focus again for Bitcoin bulls. 27008 Total views 449 Total shares Bitcoin (BTC) surged even higher on Oct. 6 as its spot price saw a sudden surge upward to over $55,000, its highest since May 12. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fully cancels out China mining rout Data from Cointelegraph Markets Pro and TradingView show

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Sentenced ‘Bitcoin czar’ named among Pandora Papers

The ICIJ’s report suggests the “Bitcoin czar” may have been a member of the Carbanak hacking group. 7817 Total views 14 Total shares The International Consortium of Investigative Journalists (ICIJ) has identified a major crypto criminal among those exposed to have funneled funds into shadowy tax havens in its “Pandora Papers.’ According to an Oct. 3 ICIJ document summarizing the organization’s findings from its Pandora Papers investi

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Canadian Bitcoin mining firm Link Global faces $5.6M penalty

Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. 4158 Total views 19 Total shares Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. The Alberta Utilities Commission (AUC), the province’s power utility regulator, issued on Sept. 24

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Canadian Bitcoin mining firm Link Global faces $5.6M penalty

Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. 3303 Total views 7 Total shares Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. The Alberta Utilities Commission (AUC), the province’s power utility regulator, issued on Sept. 24

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Futures-based Bitcoin ETF has '75% chance of approval' in October — Analyst

As the SEC "kicks the can" on traditional Bitcoin ETFs, the Bitcoin futures equivalent is gearing up for likely approval, says Bloomberg's Eric Balchunas. 18971 Total views 126 Total shares A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form. In comments this weekend, senior ETF analyst for Bloomberg Eric Balchunas said that United States Bitcoin futures ETFs were “likely on schedule” for

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Beyond Bitcoin: The future of digital assets is bigger than the first crypto

While Bitcoin is the most recognizable digital asset, it’s just one asset class among many that are here to evolve financial services globally. 16424 Total views 102 Total shares While change is guaranteed, the scale and scope of that change are not. For the financial industry, blockchain — the technology that undergirds Bitcoin (BTC), Ether (ETH), nonfungible tokens (NFTs) and other digital assets — has brought us to the crossroads.  Wha

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Altcoins take the next leg up after Bitcoin price holds $47.5K

ROSE, AXS and ICX notched 20% gains after bulls took control of the market and sent BTC price above $47,500. 13526 Total views 35 Total shares Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions.  The altcoin market quickly followed suit with a majority of the tokens in

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Altcoins take the next leg up after Bitcoin price holds $47.5K

ROSE, AXS and ICX notched 20% gains after bulls took control of the market and sent BTC price above $47,500. 13122 Total views 35 Total shares Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions.  The altcoin market quickly followed suit with a majority of the tokens in

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Analyst nails Bitcoin monthly close 2 months running — His October target is $63K

Bitcoin price action exactly conforms to PlanB’s predictions for a second time, and if history repeats itself, BTC/USD should be at $63,000 by the end of the month. 30270 Total views 98 Total shares Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB’s prediction Data from Cointelegraph Market

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Bitcoin investors ‘no longer fearful’ — Watch this BTC price level next

Sentiment breaks out from “extreme fear” along with Bitcoin price action as expectations call for only a modest correction before fresh gains. 24825 Total views 46 Total shares Bitcoin (BTC) stayed higher on Oct. 2 after a “fantastic” break to the upside upended market sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $45,000 BTC price floor  Data from Cointelegraph Markets Pro and TradingView fol

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DeFi and DEX volumes soar amid China’s crypto ban and US regulatory risk

Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders. 5619 Total views 58 Total shares Last week, China’s heavy-handed crackdown on crypto trading briefly sent shockwaves across the market as Bitcoin (BTC) and altcoin prices saw a sharp drop following the announcement, but as is the case with all things cr

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Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes

$700 million in BTC options expire on Friday, and derivatives data signals that bears are positioned to profit from a sub-$45,000 Bitcoin price. 23544 Total views 48 Total shares Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4-billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale.  Adding

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Bitcoin yet to prove inflation hedge status, but the time may come soon

As inflation numbers across the globe continue to rise, is it only a matter of time until Bitcoin’s potential as a store of value is recognized? 5695 Total views 26 Total shares For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple of years thanks in large par

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Switzerland national postal service to debut crypto stamp on Polygon

The Swiss crypto stamp is a digital collectible linked to a traditional physical stamp issued by the Swiss Post. 7187 Total views 65 Total shares The national postal service of Switzerland is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps. On Sept. 20, the Swiss Post officially announced the upcoming launch of the “Swiss crypto stamp,” a digital collectible li

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BTC price reclaims $42K as infrastructure bill vote, monthly close loom for Bitcoin

Limp Bitcoin price action precedes two potential watershed moments on lower timeframes as September draws to a close. 12672 Total views 77 Total shares Bitcoin (BTC) trudged toward $43,000 on Wednesday, Sept. 29, as a “macro predicament” kept bulls on their toes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC in yet another dip below $41,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging sli

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Price analysis 9/29: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI

A week-long pattern of daily lower highs suggests bulls will be unable to flip $43,000 to support and this could weigh on the fledgling recovery seen across many altcoins. 22592 Total views 57 Total shares Bitcoin (BTC) and Ether (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction. Tesla CEO Elon Musk said at the Code Conference in California recently that governm

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Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He i

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BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway

“The Market Report” with Cointelegraph is live right now with special guest Gareth Soloway, an experienced swing and day trader. 3360 Total views 8 Total shares Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown: Whales have been busy moving a record amount of Bitcoin (BTC

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Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

According to Polygon’s co-founder, Sandeep Nailwal, it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol. 17106 Total views 182 Total shares “Sooner or later, ETH will outpace Bitcoin and become the global standard”, said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph.  Nailwal believes that Ethereum will eventually become "the ultimate settlement layer" for the DeFi space. Polygon

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Bitcoin yet to prove inflation hedge status, but the time may come soon

As inflation numbers across the globe continue to rise, is it only a matter of time until Bitcoin’s potential as a store of value is recognized? 5145 Total views 26 Total shares For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple of years thanks in large par

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Here's why Bitcoin mining stocks have been outperforming BTC price in 2021

One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin's gains in the same period came out to be around 290%. 7550 Total views 51 Total shares Bitcoin (BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies. The price of BTC climbed by about 290% year-over-year in which it surged from $10,695 to a li

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Bitcoin Lightning nodes and channels hit record highs

The number of Lightning Network nodes has increased 160% over the past 12 months, while the number of channels is up 170% since January. 8142 Total views 58 Total shares The node count for Bitcoin’s leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption. According to on-chain analytics provider Glassnode’s Monday “Week On-chain” report, the number of Lightning Network nodes incr

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Bitcoin ‘FOMO rally’ long overdue that could see BTC price top $200K — Bobby Lee

An unapologetically bullish Bobby Lee takes to mainstream media to dispel any hint of doubt about what’s next for Bitcoin price action. 17007 Total views 53 Total shares Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors. In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin (BTC

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El Salvador president teases geothermal Bitcoin mining farm

El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility. 5976 Total views 101 Total shares Salvadoran President Nayib Bukele shared a video showing the apparent progress of the country’s Bitcoin (BTC) mining plant powered by volcanic geothermal energy. The video shows an overview of a power generation facility, with technicians enabling crypto mining rigs. Bukele did not elaborate much on the process s

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Former Bitcoin lead dev predicts demise of BTC network... with a major silver lining

Bitcoin prices could reach $6 million per coin in 40 years’ time, but the whales may eventually pull the plug. 36816 Total views 97 Total shares A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency, which includes an epic price prediction. Software developer Gavin Andresen published a recent blog post called “A Possible BTC Future” in which he predicts the demise of

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Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

According to Polygon’s co-founder, Sandeep Nailwal, it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol. 844 Total views 13 Total shares “Sooner or later, ETH will outpace Bitcoin and become the global standard”, said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph.  Nailwal believes that Ethereum will eventually become "the ultimate settlement layer" for the DeFi space. Polygon wil

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Bitcoin breaking new highs in Q4 will ‘temporarily turn alts to dust’ — Analyst

Things will get exciting in quarter four, but not before a convincing floor is put in across crypto, analysts say this week. 35878 Total views 100 Total shares Bitcoin (BTC) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Right now, we’re stuck” Data from Cointelegraph Markets Pro and TradingView sh

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Crypto tax ‘a top enforcement priority,’ reminds IRS Commissioner

The IRS’ commissioner says crypto gains are taxable in the cannabis industry as the IRS treats cryptocurrencies as property. 5729 Total views 173 Total shares The United States Internal Revenue Service continues to propose new tax reforms to regulate the crypto investments in the U.S., with the latest notice sharing tax obligations for the marijuana industry. The notice, signed by IRS Small Business/Self-Employed Division Commissioner De Lon H

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First cryptocurrency fund approved in Switzerland

The fund tracks the performance of the 10 largest cryptocurrencies from SIX Swiss Exchange’s Crypto Market Index 10. 891 Total views 8 Total shares Cryptocurrency adoption continues gaining momentum in Switzerland as local financial authorities grant more regulatory approvals for crypto investment instruments. The Swiss Financial Market Supervisory Authority (FINMA) has approved the Crypto Market Index Fund as the “first crypto fund accordin

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Before NFTs: Surging interest in pre-CryptoPunk collectibles

NFT hunters are suddenly rediscovering these forgotten vintage collectibles Love them or hate them, blockchain collectibles are having a moment. It’s good art. It’s bad art. It’s good, bad art. Folks are flipping apes and robots and pixely punks. Tweets (which are arguably ownerless) are worth millions to the right buyer. Literal children — we’re talking humans who weren’t even alive yet when Satoshi Nakamoto published the Bitcoin white paper — are suddenly whales, and it just m

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Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

Bears continue to pressure BTC price but any signs of consolidation could lead to a breakout in AVAX. ALGO, XTZ, and EGLD. 28070 Total views 73 Total shares China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest econo

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Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

The flagship cryptocurrency closed the previous week below its 21-week exponential moving average for the 19th time in history, triggering additional selloff risks. 7659 Total views 17 Total shares Last week's drop in Bitcoin (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff. Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin's weekly charts concerning it

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Crypto baffles mainstream media, but should blockchain advocates care?

Before, it was all about crypto prices. But now, the media is “starting to explore the benefits of public blockchains and decentralization.” 2680 Total views 28 Total shares The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years.  MSM has largely ignored Bitcoin (BTC) and other crypt

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Crypto baffles mainstream media, but should blockchain advocates care?

Before, it was all about crypto prices. But now, the media is “starting to explore the benefits of public blockchains and decentralization.” 2495 Total views 28 Total shares The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years.  MSM has largely ignored Bitcoin (BTC) and other crypt

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Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Bitcoin and altcoins made a sharp downside move to their recent lows after news that China banned crypto trading surfaced. 32630 Total views 66 Total shares The crypto market’s recovery was rocked on Sept. 24 after news that China's government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal c

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Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware. 51821 Total views 271 Total shares Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula? Data from Cointelegraph Markets Pro and Tradin

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A third of Salvadorans "actively" using Chivo wallet, President Bukele claims

On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. 12103 Total views 90 Total shares Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit.  The controversial president updated his 2.

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Altcoin roundup: There’s more to DeFi than just providing liquidity

Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi. 8331 Total views 43 Total shares The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders.  What started off as a simple Ethereum-based swap

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Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec

PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. 26555 Total views 118 Total shares The rapid adoption of cryptocurrencies like Bitcoin (BTC) poses a major challenge for the traditional financial system, an executive at the Chinese central bank has warned. Wen Xinxiang, director of the payment and settlement department at the People’s Bank of China (PBoC), has expressed concerns ov

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Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks Bitcoin price drop to $42K

Old news suddenly gets picked up on social media, sparking an instant crypto price crash. 35656 Total views 164 Total shares Bitcoin (BTC) suddenly lost $2,000 in an hour on Sept. 24 as what appeared to be old news over a Chinese regulatory ban hit social media. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. China: Don’t believe the “FUD” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as

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Bitcoin volatility continues as BTC price closes in on critical weekly close

It's all about what happens to Bitcoin price action by the end of the week as $1,000 swings up and down remain. 20246 Total views 69 Total shares Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin "fine" above $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,00

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Bitcoin could hit $37K but trader says BTC price top will be 'number you can't comprehend'

Major buyer interest below $40,000 may get filled before Bitcoin price action launches to new all-time highs and beyond. 44958 Total views 183 Total shares Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC "unlikely" to linger below $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800

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Bitcoin hits $45K, TWTR stock price rises 3.8% after BTC tipping comes to Twitter

Twitter’s stock feels the benefit of the “orange pill” as surging stocks add to positive tailwinds for Bitcoin. 7024 Total views 19 Total shares Bitcoin (BTC) hit four-day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Twitter stock surges 3.8% on Bitcoin news Data from Cointelegraph Markets Pro and TradingView showed BTC/USD r

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Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec

PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. 24681 Total views 118 Total shares The rapid adoption of cryptocurrencies like Bitcoin (BTC) poses a major challenge for the traditional financial system, an executive at the Chinese central bank has warned. Wen Xinxiang, director of the payment and settlement department at the People’s Bank of China (PBoC), has expressed concerns ov

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A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. 8035 Total views 74 Total shares Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit.  The controversial president updated his 2.9

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Price analysis 9/22: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI

Positive news about China’s Evergrande meltdown and the Fed’s intent to continue its current monetary policy catalyzed a strong recovery in the price of Bitcoin and altcoins. 26508 Total views 86 Total shares The crypto markets and United States equity markets are attempting recovery on Sept. 22 as fears of a widespread contagion due to Chinese developer Evergrande defaulting on its debt recede. Bridgewater Associates co-chairman and co-chie

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Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service. 12257 Total views 63 Total shares Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week's volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed's interest r

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Crypto recovers on positive Fed and Evergrande news, then drops amid China FUD; Sorare and Dapper Labs raised a combined $930M: Hodler’s Digest, Sept. 19-25

Coming every Saturday, Hodler’s 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 Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt The crypto markets were showing signs of recovery during the week as the U.S. Federal Reserve commit

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000. 13439 Total views 57 Total shares The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins pr

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Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals

Older Australian crypto investors outweigh the new generation in initial investment, but the younger crowd is more active in daily trading. 984 Total views 37 Total shares The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statis

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Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals

Older Australian crypto investors outweigh the new generation in initial investment, but the younger crowd is more active in daily trading. 170 Total views 2 Total shares The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statist

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All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. 11926 Total views 8 Total shares China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment

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Big investors pivoting from Bitcoin to Ether futures: JPMorgan

Ether futures are currently trading at a premium as investors make the switch from Bitcoin-based products. 8215 Total views 99 Total shares American multinational investment bank JPMorgan has revealed that institutional investors are starting to shy away from Bitcoin futures in favor of Ether derivatives. In a note to investors on Wednesday, analysts at the Wall Street bank said that Bitcoin futures on the Chicago Mercantile Exchange (CME) have

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Diminishing returns: Is Bitcoin underperforming compared to altcoins?

After several hesitant months, altcoins are now outpacing the flagship asset. 4192 Total views 73 Total shares The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements.  But after the initial months of euphoria and a subsequent sell-off, BTC’s performance h

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Bitcoin.org goes offline after suffering scam attack

Bitcoin.org previously fell victim to a DDoS attack in July, with hackers demanding a Bitcoin ransom. 6447 Total views 41 Total shares Bitcoin.org, one of the first websites about Bitcoin (BTC), has been hacked by online scammers and down as of the time of writing.  Cobra, Bitcoin.org’s anonymous curator, announced on Sept. 23 that Bitcoin.org was compromised, with hackers managing to put up a scam notice on the site. “Looks like Bitcoin.o

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Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec

PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. 15640 Total views 118 Total shares The rapid adoption of cryptocurrencies like Bitcoin (BTC) poses a major challenge for the traditional financial system, an executive at the Chinese central bank has warned. Wen Xinxiang, director of the payment and settlement department at the People’s Bank of China (PBoC), has expressed concerns ov

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Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware. 18995 Total views 96 Total shares Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula? Data from Cointelegraph Markets Pro and Trading

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Diminishing returns: Is Bitcoin underperforming compared to altcoins?

After several hesitant months, altcoins are now outpacing the flagship asset. The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements.  But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market se

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‘Extreme fear’ as Bitcoin price falls below $40K... and then bounces

While many analysts believe Bitcoin is destined for six figures if support at $40,000 can hold up, others are predicting an imminent bear cycle. 29946 Total views 179 Total shares The price of Bitcoin (BTC) has slumped below $40,000 for the first time in six weeks. The slide took place near the close of the day on Tuesday, with BTC prices having drawn down by 16% from nearly $47,300 at the start of the day to tag a local low of $39,650 at roughl

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Price analysis 9/22: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI

Positive news about China’s Evergrande meltdown and the Fed’s intent to continue its current monetary policy catalyzed a strong recovery in the price of Bitcoin and altcoins. 20990 Total views 86 Total shares The crypto markets and United States equity markets are attempting recovery on Sept. 22 as fears of a widespread contagion due to Chinese developer Evergrande defaulting on its debt recede. Bridgewater Associates co-chairman and co-chie

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000. 12708 Total views 57 Total shares The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins pr

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Bitcoin miner Genesis Digital Assets raises $431M

Genesis Digital previously raised $125 million in an equity funding round led by Kingsway Capital in July 2021. 4076 Total views 31 Total shares Major Bitcoin (BTC) mining company Genesis Digital Assets has secured $431 million in funding to expand its industrial-scale mining operations in the United States and Nordics. The new funding round was led by Paradigm, one of the biggest cryptocurrency investment companies backing major industry player

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Commodity strategist predicts Bitcoin ETF could get the nod in US next month

A Bitcoin ETF could be approved by U.S. regulators by October, according to Bloomberg Intelligence commodity strategist Mike McGlone. 22944 Total views 81 Total shares Bloomberg Intelligence commodity strategist Mike McGlone believes it is only a matter of time before the United States Securities and Exchange Commission approves the country’s first Bitcoin (BTF) exchange-traded fund (ETF). In an interview with Stansberry Investor host Daniela

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000. 11388 Total views 72 Total shares The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins pr

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Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

The Chinese property developer will soon be a “non-event,” one analyst says, with markets already shrugging off the story. 13048 Total views 97 Total shares Bitcoin (BTC) bounced from a second $40,000 retest on Sept. 22 as China calmed global market fears over Evergrande. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China keeps up Evergrande cash injections Data from Cointelegraph Markets Pro and TradingView saw BTC/USD

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Ohio to host BIT Mining's new 85 MW Bitcoin mining facility

BIT Mining Limited has entered into a joint venture agreement with Viking Data Centers to develop a Bitcoin mining site in Ohio. 2592 Total views 39 Total shares Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85-megawatt crypto mining center in Ohio. As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establi

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

LPT, COTI and AXS lead altcoins higher after ETH hits $3,000 and Bitcoin bulls take control of $43,000. 8828 Total views 71 Total shares The sharp correction that threatened to pull Bitcoin (BTC) and altcoin prices back toward their swing lows appears to have dissipated now that Evergrande has informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins pri

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Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt

The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy. 1915 Total views 11 Total shares The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hour corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of Chin

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Institutional investors increase their crypto holdings for 5th straight week

Despite the recent selloff in the crypto markets, institutional managers have been quietly turning bullish over the past month. 10190 Total views 73 Total shares Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins.  Investment flows into crypto products totaled $42 million in the week ending on Sept. 19, w

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Top Brazilian investment bank BTG Pactual launches crypto trading app

Initially supporting only BTC and ETH, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins. 3941 Total views 34 Total shares Leading Brazilian investment bank BTG Pactual has launched a new platform that enables customers to make direct investments in cryptocurrencies. The bank’s Mynt platform currently allows users to purchase Bitcoin (BTC) and Ether (ETH), with BTG Pactual expressing its int

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Stocks sell-off tanks Bitcoin price, but traders expect a bounce near $42K

Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone. 8595 Total views 58 Total shares The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group , a China-based real estate company whose collapse could send ripples

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BTC price falls back to $47K as weekly close neatly tracks Bitcoin futures gap

It’s a modest weekly gain for Bitcoin buyers as Saturday’s progress comes full circle back to square one the next day. 11762 Total views 97 Total shares Bitcoin (BTC) retested $47,000 on Sunday as the weekly close looked set to hinge on the CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin comes full circle after erasing gains Data from Cointelegraph Markets Pro and TradingView showed mixed signals f

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100 years ago, Henry Ford proposed ‘energy currency’ to replace gold

Bitcoin appears to meet the definition of an energy-backed currency proposed by the famed American inventor during the interbellum period. 24533 Total views 304 Total shares In 1921, American industrialist Henry Ford proposed the creation of an “energy currency” that could form the basis of a new monetary system — offering striking similarities to the peer-to-peer electronic cash system outlined in Satoshi Nakamoto’s 2008 Bitcoin (BTC) w

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Smart contracts are coming to Bitcoin through Dfinity’s Internet Computer

Efforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption. 6928 Total views 8 Total shares Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency.  Internet Computer will utilize its so-called chain key cryptogr

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Miners have accumulated $600M worth of Bitcoin since Feb

Bitcoin miners appear reluctant to sell their BTC as the hash rate increases despite the recent sell-off. 5162 Total views 82 Total shares Bitcoin miners are accumulating Bitcoin (BTC) as the network hash rate continues to recover, according to on-chain analytics provider Glassnode. In its Sept. 20 Week on Chain report, Glassnode stated that miner BTC balances are increasing, with wallets associated with miners having stockpiled 14,000 BTC (wort

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FTX crypto exchange expands to Bahamas with new registration

Sam Bankman-Fried’s cryptocurrency exchange FTX plans to establish a “substantial presence” in The Bahamas. 2146 Total views 21 Total shares FTX, one of the world’s largest cryptocurrency exchanges, continues expanding operations by inking major regulatory approval in The Bahamas. The Securities Commission of The Bahamas has registered FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital

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Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price

Sentiment takes a battering amid surprise at the extent of the Bitcoin price “nuke.” 17390 Total views 103 Total shares Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price sinks through support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding 2% in an hour to hit local

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Bitcoin is 'playing mind games' as its price coils into a tighter range

Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market. 18627 Total views 49 Total shares The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or anoth

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Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

There’s nothing that can spark Bitcoin downside except a “significant bad news event,” says analyst Filbfilb as the market awaits upside. 33699 Total views 182 Total shares Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85

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Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI

Altcoins are still flashing bullish signals but Bitcoin’s steady slide toward its swing low could put a damper on the market’s positive sentiment. 41109 Total views 74 Total shares Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which is close to the May all-time low at 2.390 million Bitcoin. Ki Young Ju, CEO of on-chain analytics platform C

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Why Ethereum needs better compatibility, explained

Nearly all significant real-world use cases of cryptocurrency are DeFi use cases.  Ethereum (ETH) is arguably the real star of the blockchain world, and even as Bitcoin (BTC) continues its extended bull run, ETH has also continued to prosper.  According to a July Consensys report, there are now 161 million unique Ethereum addresses, a 10% increase from the end of Q1 2021, and the Total Value Locked (TVL) of ETH’s proof-of-stake ecosystem reached $146 billion in August. The crypto wo

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Bitcoin price flirts with $40K, but derivatives data is still bullish

Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance. 10465 Total views 39 Total shares The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing o

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MicroStrategy doles out $240M on additional Bitcoin purchase

The company's Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. 10759 Total views 157 Total shares Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form 8-K filing w

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Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI

Altcoins are still flashing bullish signals but Bitcoin’s steady slide toward its swing low could put a damper on the market’s positive sentiment. 40576 Total views 74 Total shares Bitcoin’s recent plunge does not seem to have shaken the investors and data shows that exchange reserves were down to 2.399 million Bitcoin (BTC), which is close to the May all-time low at 2.390 million Bitcoin. Ki Young Ju, CEO of on-chain analytics platform C

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Zip eyes millennials with planned launch of crypto trading in the US next year

Aussie "buy now, pay later" fintech found that BNPL users are 67% more likely to trade crypto than non-users. 632 Total views 13 Total shares Australian "buy now, pay later" (BNPL) firm Zip​​, the smaller rival to Square’s recently-acquired Afterpay, is hitching its future growth prospects to the cryptocurrency industry. Zip USA CEO Brad Lindenberg told attendees at the company's first retail investor day that “The innovation around cryp

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Here are the BTC price levels to watch as $38K emerges as bulls' line in the sand

A weekly close much below current levels would be a problem, analysis warns, as key moving averages hang in the balance. 36443 Total views 77 Total shares Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish but is failing, fresh analysis shows. In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels. A "golden cross" like any oth

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BTC price battles for $46K as Polkadot (DOT) ends weekend with 10% surge

Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close. 12782 Total views 133 Total shares Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Higher lows creep in for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/US

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Shanghai Man: China declares victory over crypto — Is this the end of the crackdown?

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Victory for the regulators After a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal cryptocurrency trading activities in the country. This revelation came in the outlook section of the “China

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Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says

Governor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. 8716 Total views 95 Total shares The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock toward full-fledged adoption.  Díaz de León said in a Reuters interview that Bitcoin’s position in today

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Bitcoin exchange reserves near record low, with traders eyeing $43K BTC price support

BTC price action may be struggling, but one analyst is hoping for a “sell-side liquidity crisis.” 22475 Total views 37 Total shares Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. Time for another Bitcoin “sell-side liquidity crisis?” As of Th

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