blockchain

Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency

Bitcoin (BTC) remains a hot topic of discussion among top delegates and institutions of the world. The former U.S. Treasury Secretary Larry Summers has recently endorsed Bitcoin saying that it is here to stay. During an interview with the Bloomberg Wall Street Week, Summers said: “I think some institution, like Bitcoin (BTC), is here to stay.
The post Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency appeared first on Coingape. …

blockchain

ETH supply ratio on a steady decline

TL;DR Breakdown ETH ratio of supply has dropped massively in recent times. Increased DeFi users would lead to more demand for the second-largest crypto asset. Ethereum’s ratio of supply has dropped massively. The ratio of supply is a metric used to measure the total available token on crypto exchanges. According to Santiment, the last time […] …

blockchain

Ethereum Rival NEAR Protocol Rallies 106% As DeFi Gains More Presence

Smart contracts facilitator and blockchain platform NEAR Protocol has gained 106% in the last month. The recent consolidation of the platform has attracted the attention […] …

blockchain

Chainlink price prediction: LINK moves towards $18 support after rejection yesterday

TL;DR Breakdown  LINK/USD currently trades around $20   After a rejection yesterday, Chainlink continues moving lower  Strong support still around $18  Chainlink price prediction for next week is still bearish as the LINK/USD has exhausted itself. LINK currently trades around $20, with a market cap of $8.1 billion.  Cryptocurrency heat map by Coin360 Chainlink Price Prediction: […] …

blockchain

Wall Street investor advises more investors to put a few percent into Bitcoin

A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space.
The post Wall Street investor advises more investors to put a few percent into Bitcoin appeared first on CryptoSlate. …

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Michael Novogratz’s Galaxy Digital to Jump Into BTC Mining

The new BTC mining establishment will focus on offering expertise and financial services to crypto miners. It will also launch its own project to mine Bitcoin on a proprietary basis. …

blockchain

On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all

Demand for Bitcoin increased multifold in 2020.
The post On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all appeared first on CryptoSlate. …

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Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury

The official has spearheaded progressive technology regulation for the East coast city.
The post Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury appeared first on CryptoSlate. …

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Millennials are the Backbone of the Crypto Market

The Millennial generation is likely to lead humanity into a phase of fintech as they hasten the adoption of Bitcoin. Researchers have discovered that cryptocurrency is three times more popular among members of the millennial generation than any other generation of Americans. They are increasingly choosing it as a long-term investment option. Millennials Around the […] …

blockchain

Binance Coin price prediction: BNB/USDT rejected further upside around $42

TL;DR Breakdown  BNB/USDT currently trades around $41.5   Binance Coin trades under a strong resistance  Closest minor support level around $40 Binance Coin currently trades around $41.5 and has a market cap of $5.9 billion. BNB has moved by 1.43 percent during the past 24 hours with a volume of $520 million. Overall, BNB/USDT has traded […] …

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Bitcoin Gold: What’s the future of Bitcoin Gold

In 2009, Bitcoin (BTC) was introduced on the premise that everyone could participate in its mining process, which was the case until BTC gradually increased in value. As more people joined the train, the competition also increased effectively, which tipped the balance in the elite miner’s favor who had switched to a more sophisticated mining […] …

blockchain

Canadian 3iQ Bitcoin fund has surpassed $1 billion AUM

TL;DR Breakdown: 3iQ Bitcoin fund AUM has surpassed another milestone level The growing demand for 3iQ Bitcoin fund and other related products show a rising interest in the leading crypto.  The growing market valuation of several Bitcoin (BTC) investment products indicates a steadily increasing level of interest and demand for the leading cryptocurrency among investors, […] …

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Mike Novogratz Sees More Institutions Flocking into Bitcoin in 2021

Bitcoin’s recent rally has been mostly due to the influx of institutional investors into the market. However, there have been questions about how long this […] …

blockchain

Grayscale to windup XRP Trust amid its recent delisting spree

TL;DR Breakdown: Grayscale has commenced the closing of its XRP Trust. The decision stems from the bearish reaction from exchanges by delisting XRP. From a yearly high above $0.6, Ripple (XRP), the fourth-largest cryptocurrency, found itself struggling within $0.2 and $0.3 following the recent charge announced by the United States Securities and Exchange Commission (SEC). […] …

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Gemini to sub-custody new Bitcoin ETF filed in Canada

TL;DR Breakdown: An investment fund manager has applied for a new Bitcoin ETF in Canada. The product will be listed on TSX if approved by the regulator and the exchange. A recent document revealed that Arxnovum Investments Inc has applied for a new Bitcoin exchange-traded fund or ETF with the Canadian authorities. Arxnovum is a […] …

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Grayscale Investments Reopens The Majority Of Its Crypto Trusts To New Investors

New York-based digital asset manager Grayscale LLC has once again opened its doors to new investors for most of its crypto trusts. The company had paused taking on new investors in late December 2020. It’s not uncommon for Grayscale to temporarily pause on new investors. On Dec. 21, the fund halted six of its cryptocurrency […] …

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XRP now considered an exchange token – UK Treasury

TL;DR Breakdown UK classifies XRP, BTC and ETH as exchange tokens Ripple believes this classification helps in its defence against the SEC Financial authorities in the UK have clarified their position on what they believe the native token of Ripple is. According to a new document published by the Treasury, XRP, alongside crypto assets like […] …

blockchain

JPMorgan Strategists: A Crypto ETF Approval Would Cannibalize Bitcoin’s Price

Bitcoin’s price would take a serious hit in the event that an ETF were to be approved. That’s according to a team of analysts at JPMorgan Chase. The analysts, led by one Nikolaos Panigirtzoglou, compiled and released a report after studying the possible effects of an ETF based mainly on the large cache of BTC […] …

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Here’s why the UK financial regulator said crypto investors can “lose all their money”

The regulator issued the warning shortly after crypto markets took a hit on Monday.
The post Here’s why the UK financial regulator said crypto investors can “lose all their money” appeared first on CryptoSlate. …

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Ethereum price falls below $1,200 can ETH hold above $1,000

TL;DR Breakdown Ethereum price to observe sideways movement at the $1,000 level. The nearest support lies at $950. ETH faces resistance in crossing the $$1,100 level. Ethereum (ETH) price has fallen below the $1,200 level as the asset observed strong bearish activity causing the price to fall below the $1,000 level. While the price has […] …

blockchain

Dip in Bitcoin price: $2.4 billion worth of crypto liquidated

TL;DR Breakdown Bitcoin price drops by close to 21% in the last 48 hours. The current dip evokes memories of 2017 when the industry plummeted. The crypto industry bull run has suffered one of its worst dips this year as the price of Bitcoin dropped by close to 21%. This means the value of the […] …

blockchain

Litecoin price prediction: LTC expected to rise to $180

TL;DR Breakdown Litecoin price expected to rise to $180 before moving towards $200 The nearest support lies at $170 LTC faces resistance in closing above the $180 price level Litecoin price observed sharp bearish movement today as the price fell from above $180 to support at $170. While LTC observes a rise across the 7-day […] …

blockchain

Bitcoin Cash price crosses $500, what’s next for BCH?

TL;DR Breakdown Bitcoin Cash price expected to climb above the $550 level. Closes support lies at $500 level BCH faces resistance in closing above the $525 level. Bitcoin Cash (BCH) price seems to have found a strong support level to start a bullish trend. Today the price broke above the $500 level today and climbed […] …

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Ethereum price prediction: ETh to retest $1,300 resistance

TL;DR Breakdown Ethereum price expected to retest $1,300 resistance level Closest support lies at the $1,125 level ETH faces resistance in crossing above the $1,300 level Ethereum (ETH) price seems to have concluded its bullish rally as the asset consolidates around the $1,200 mark. Across the last two days, the Ethereum price has observed a […] …

blockchain

Morgan Stanley Boosts Over 10% Stake In Bitcoin (BTC)-backer MicroSrategy

Almost every big financial institution in the world has started believing in the Bitcoin (BTC) story. Even the strong Bitcoin critics aka banking institutions are considering exposure to the world’s third-largest asset class in one or the other way. As per the latest Bloomberg report, American banking multinational Morgan Stanley increased its stake to more
The post Morgan Stanley Boosts Over 10% Stake In Bitcoin (BTC)-backer MicroSrategy appeared first on Coingape. …

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Cardano price prediction: ADA to fall to $0.250

TL;DR Breakdown Cardano price expected to fall to $0.250 level Current support lies at $0.290 level Price faces resistance in closing above the $0.300 level Cardano (ADA) price has ended its bullish rally, and the price seems to be in a state of decay as the bulls fail to muster momentum. Today the Cardano price […] …

Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

Ethereum 2.0 staking is becoming a growing consideration for users who want to earn passively on their ETH. But should you run your own node or use an exchange-based pool? …

blockchain

Ethereum price expected to cross $1,300 as bulls dominate the markets

TL;DR Breakdown Ethereum price expected to rise above $1,300 by early tomorrow. The closest support level lies at $1,200 The nearest resistance lies at the $1,300 level. Ethereum (ETH) price is enjoying the strong bull activity as the price continues its climb above the $1,000 level. In the past three days, Ethereum price has established […] …

blockchain

Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

TL;DR Bullish Ethereum price analysis takes center stage as ETH/USD reaches $1,212 Buyers are showing healthy buying activity as volume soars Ethereum now trades at the 3-year high with no end in sight to the bull run As ETH/USD resumes uptrend, the pair is targeting fresh new multi-year highs. The bulls have displayed a strong […] …

blockchain

Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

TL;DR Bitcoin price analysis enters the euphoric phase as price crosses $35,000 BTC whales are buying relentlessly and have pushed the price above key resistances Price is pushing past upper Bollinger Band with heavy volumes Growing political uncertainty in US fuelling buying rally Bitcoin price analysis is getting trickier as the price breaks past every […] …

blockchain

Chainlink price prediction: LINK expected to rise to $18.00 as bulls hold steady

TL;DR Breakdown Chainlink price expected to rise to $18.00 if bulls establish support above $17.00 Nearest resistance at $17.00 Closes support lies at $16.50 Chainlink (LINK) price continues its bullish rally as the asset records a remarkable start to 2021. Chainlink price is enjoying a bullish rally that has carried the price from lows of […] …