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3 reasons why Ethereum is unlikely to flip Bitcoin any time soon
For years analysts have predicted that ETH’s market capitalization will flip BTC’s but data shows it's still nothing more than a guessing game.
2021-08-07 23:08:30
Cardano needs to follow this route to reclaim its May ATH levels
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered as investment advice Cardano finally moved above its $1.38-$1.40 price ceiling after rangebound movement over the past few days. The breakout had already seen an 8% spike in value, at press time, and its mid-long term outlook […]
2021-08-07 23:08:33
A Recap Of Regulatory Season In Crypto
It’s an open season when it comes to crypto regulation. The government of different countries continues to announce regulations for cryptocurrencies and their trading. These regulations could either be in favor of or against cryptos. El Salvador has gone the opposite route of most governments and accepted bitcoin as legal tender. In the same vein, […]
2021-08-07 23:08:36
Bitcoin Accumulation Patterns Shows Rally Might Only Be In Its Early Stages
Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have continued to exceed inflows into exchanges. Signaling accumulation patterns rather than sell patterns. Related Reading | On-Chain Expert Predicts $162K Bitcoin Peak This Cycle Wednesday saw the price of bitcoin dropping below $38,000 to be trading in the $37,000 range. Inflows of 11.3K BTC to exchanges correlated with this drop in price. But then the next two hours following this price dip saw more outflows of bitcoins from exchanges. 19.3K BTC were removed in the next two hours following the price dip. Showing investors were accumulating their coins rather than selling. Exchange Reserve Volumes Continue to Plummet Outflows from exchanges to personal wallets for safekeeping continue to be on the rise. Bitcoin exchange reserve volumes have seen decreasing numbers following the price crash from the all-time high, and the number has continued to go down. More coins leaving the exchanges than coming in shows that there is currently no selling pressure. Thus, accumulation is the order of the day as investors try to get their hands on as many coins as they can. Related Reading | Bitcoin Set To Outperform In Second Half Of 2021, Bloomberg ...
2021-08-07 23:08:01
Infrastructure Bill Advances in Senate, Crypto Amendments Await Vote
A $1 trillion bipartisan infrastructure bill has moved closer to passing, but senators still need to address two competing cryptocurrency-related amendments that seek to clarify tax reporting requirements. The post Infrastructure Bill Advances in Senate, Crypto Amendments Await Vote appeared first on Blockworks.
2021-08-07 22:08:11
Cardano: Alonzo Purple is a go after smart contract-supporting public testnet goes live
Cardano has kicked off its Alonzo Purple phase, as per schedule, in time for the launch of the Hard Fork Combinator [HFC] event. The update was first revealed by the IOHK team on Twitter. The said update is in line with what was expected from Alonzo this week. In a recent vlog, IOHK Founder and […]
2021-08-07 22:08:34
Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply
According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s […]
2021-08-07 22:08:11
Huge Moves on the Horizon? Crypto Strategist Michaël van de Poppe Analyzes Path of Bitcoin, Ethereum and Cardano
A popular crypto trader is analyzing possible future price action for Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA). Widely followed crypto strategist and market analyst Michaël van de Poppe tells his 111,000 YouTube subscribers that he sees Bitcoin rallying as it takes out its immediate resistance at $42,000. “Through which breaking above this range [$42,000] […]The post Huge Moves on the Horizon? Crypto Strategist Michaël van de Poppe Analyzes Path of Bitcoin, Ethereum and Cardano appeared first on The Daily Hodl.
2021-08-07 22:08:57
Assessing why it may finally be game over for Axie Infinity [AXS]
Axie Infinity, the monster-battling game, has been setting startling benchmarks in the gaming ecosystem lately. In fact, ever since it started garnering mainstream adoption from the crypto-community, its token has soared significantly on the charts. A tale of conflicting numbers The gaming protocol’s 30-day cumulative revenue managed to cross the $298.9 million mark, at the time […]
2021-08-07 21:08:56
A New Crypto Scam Is Reportedly Appearing on Google
Online search giant Google is being criticized for its alleged lack of action against a bitcoin scam that takes on the form of a legitimate published newspaper article. Google Crypto Scams Are Becoming Too Prevalent The scam looks like a piece published by British media platform The Daily Mirror. The piece includes an interview with...The post A New Crypto Scam Is Reportedly Appearing on Google appeared first on Live Bitcoin News.
2021-08-07 21:08:02
Bitcoin Futures: What You Need to Know
Bitcoin futures enable you to know about Bitcoin trading without owning the underlying cryptocurrency. With Bitcoin futures, you can speculate on the future price of the cryptocurrency without actually holding it. There are monthly contract offers by the Chicago Merc for cash. As an investor, you take cash rather than Bitcoin when you settle the […]
2021-08-07 21:08:00
Crypto payment platform Coinify acquired by Voyager in $84M deal
TL;DR Breakdown Voyager acquires Crypto payment platform Coinify Voyager acquiring Coinify to expand to international market Denmark-based crypto payment platform, Coinify has been acquired by crypto brokerage firm, Voyager in an $84m acquisition. The takeover by Voyager was part of its plan to begin offering worldwide digital asset payment. Coinify is a popular player in […]
2021-08-07 20:08:53
British Auction House Christie’s to Auction Cryptopunks, Meebits, Bored Apes NFTs
The well known luxury auction house Christie’s has announced the company’s first non-fungible token (NFT) art sale in Asia on September 17. According to the announcement, the NFTs will feature Cryptopunks by Larva Labs, Meebits, and Bored Apes. Christie’s Reveals First NFT Auction in Asia Founded in 1766 by James Christie, the British auction house […]
2021-08-07 20:08:33
Tezos: A retracement would present long opportunities at this level
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The second half of 2021 has been busy for cryptocurrencies so far. The commotion caused by Bitcoin dropping from its ATH sent the broader market into a state of panic as investors triggered massive […]
2021-08-07 20:08:29
An Ethereum blockchain upgrade, crypto regulatory battles, and Bitcoin price discussion: Hodler’s Digest, Aug. 1-7
2021-08-07 20:08:02
Altcoin Surge: DOGE, ICP, and QTUM Leading Today’s Charge
The green is upon the cryptocurrency ecosystem today. Bitcoin (BTC) is maintaining a steady pace with a 1.82% growth to $43,662.36, a positive momentum maintained as the US Senate goes to vote on the Infrastructure Bill which has an indirect influence on whether crypto will thrive in America in the next couple of years. Investors, The post Altcoin Surge: DOGE, ICP, and QTUM Leading Today’s Charge appeared first on Coingape.
2021-08-07 20:08:38