London Activated: Ethereum Kicks Off New Journey On Transforming Network
Ethereum London upgrade is now live. The price is also headed north, now 8% up, in the wake of the EIP-1559 upgrade. At the same time, the upgrade is being greeted with optimism across the Ethereum community, though that reaction could be mixed among miners. Even the searches for Ethereum just hit a new all-time […]
2021-08-05 16:09:52
Akon Akoin set for nationwide rollout in Kenya
TL;DR Breakdown Akoin set for nationwide rollout in Kenya Akoin targets becoming the second largest payment platform in Kenya after M-Pesa Popstar Akon Akoin crypto project is set for nationwide rollout in Kenya after it recorded huge success during its pilot test. The pilot test for the Akon Akoin crypto project in Kenya was held […]
2021-08-05 16:09:25
On-Chain Data: Ethereum Price Surge is Steered by Old Addresses Stacking Up
A lot of attention is on Ethereum (ETH) presently as the digital currencies’ price trend is surging to beat the $3,000 resistant point. For the most of the day, the price action has seen a limited volatility with market bulls largely in control of the prices. At present, the world’s largest open source crypto coin The post On-Chain Data: Ethereum Price Surge is Steered by Old Addresses Stacking Up appeared first on Coingape.
2021-08-05 16:01:20
Cardano, AAVE and ZCash Price Analysis: 05 August
Even as Bitcoin started to retrace on charts, altcoins closely followed the movement and stopped moving upward. The likes of ADA and ZCash noted minor falls by 0.9% and 0.8% respectively, while AAVE reported a significant gain of 12.3%. Cardano Cardano has been moving between $1.38 and $1.33 over the last few days. The next […]
2021-08-05 16:00:59
The Idea That The Bitcoin Bottom Is In Is Broadening
Calls for a trip back to $20,000 or even lower were in abundance after Bitcoin collapsed by 50% and sent the market into a bearish state. However, the idea that Bitcoin has bottomed is beginning to broaden. That statement is also a double entendre, referencing a potential chart pattern which further supports the theory. Here is a closer look at the potential broadening wedge bottom pattern, how the recent market conditions fit, and what to expect if the pattern confirms. The Case For The Bottom Being In Begins To Build Bitcoin price collapsed from highs set in Q2 around $65,000 to as low as $28,000 currently. Such a hasty crash that wiped out the entire year’s rally thus far, was enough to turn even the strongest of hands bearish. But bears have been unable to push the price per BTC any lower than the level stated above. Bulls have been equally as weak, but one side should soon given in. The tug of war and bouncing back and forth through a widening trading range, has caused Bitcoin price action to form a potential broadening bottom pattern. Related Reading | Five Bullish Monthly Charts That Suggest Bitcoin Will Blast Off The pattern in question is called a broadening bottom, which is a traditional broadening wedge with a final partial decline before taking off to retest highs. If Bitcoin price can reclaim those highs, the bull market will be back on with even more momentum than before. Is BTC forming a broadening bo...
2021-08-05 16:00:02
Ethan Allen Drops ‘ETH’ Stock Ticker to End Ethereum Confusion
It’s really happening: a furniture company is changing its NYSE stock ticker due to confusion with a cryptocurrency.
2021-08-05 15:54:43
JPMorgan creates Bitcoin fund for private banking clients
TL;DR Breakdown • The JPMorgan CEO does not support crypto but has put his opinions aside for the company’s good.• The Bitcoin fund is also adopted by Holdings Limited, DBS Group, and Morgan Stanley. Global investment banking entity, JPMorgan, is to now allow private banking platforms to own a Bitcoin fund. JPMorgan associated with NYDIG […]
2021-08-05 15:54:24
NASCAR links partnership with the startup behind a blockchain-based digital horse racing game
Auto racing company NASCAR has partnered with the team behind the blockchain-based digital horse racing game ZED RUN to create a "brand new, futuristic fandom experience."The post NASCAR links partnership with the startup behind a blockchain-based digital horse racing game appeared first on The Block.
2021-08-05 15:52:08
Discussing The Bitcoin Voter Block With Amanda Cavaleri
Amanda Cavaleri explains how the Bitcoin voter block is one of the largest single-issue powers in U.S. politics.
2021-08-05 15:48:20
Marvel Unveils First Official NFTs, Starting With Spider-Man
Priced at up to $400 each, the NFTs mark Marvel’s first official crypto collectibles—with more coming later this month.
2021-08-05 15:40:52
Fidelity has a 7.4% stake in Marathon Digital
Mutual fund giant Fidelity in late July invested about $20M in Marathon Digital (NASDAQ:MARA) across four funds, summing to a 7.4% stake. The funds in question - Fidelity Extended Market Index Fund (MUTF:FSMAX), Fidelity Nasdaq Composite Index Fund (MUTF:FNCFX), Fidelity Total Market Index Fund (MUTF:FSKAX), and Fidelity Series Total Market Index Fund (MUTF:FCFMX) - have a combined $170B in assets. Marathon over the past year has proven to be a levered bet on bitcoin, up 660% vs. the crypto's 240% gain. Other fund giants Vanguard and BlackRock also have stakes in Marathon, but of more modest size. "We’re super excited about the institutional ownership," Marathon CEO Fred Thiel tells Forbes. "If you look at the change from last year to this year and even the last two quarters have just been amazing [in] how much institutional ownership has grown in our stock." Marathon today is up 6.8% alongside a modest rally for bitcoin.
2021-08-05 15:31:24
Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum
On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one […]
2021-08-05 15:30:51
Hard To Soft Money: The Hyperinflation Of The Roman Empire
Historically, hyperinflation is a positive feedback loop of free money, illusionary wealth and greed.
2021-08-05 15:18:33
Axie Infinity is getting so popular it has struggled to stay running
Quick TakeThe so-called play-to-earn game Axie Infinity has seen its total number of daily active users increase by over 233% since the end of June, hitting 900,000 players last month.The platform, developed by game studio Sky Mavis, has grown at such a staggering rate that its server has struggled to keep up, causing several shutdowns in recent weeks.
2021-08-05 15:16:44
Messari Pulls $21M in Series A Funding Round
Point72 Ventures, the venture capital firm led by Steven Cohen, has made a grand debut in the crypto space by investing in crypto data startup Messari in a Series A funding round. The massive funding announcement was unveiled by Messari Inc on August 5. The news highlights that the firm has raised nearly $21 million The post Messari Pulls $21M in Series A Funding Round appeared first on Coingape.
2021-08-05 15:09:11
BTC Mining Firm Clean Spark Is Growing Like Crazy
Clean Spark Inc. – a bitcoin mining services and software company – has announced several new updates regarding its processes and operations, as well as general changes to the mining sector. Clean Spark Is Heading for the Top The company’s mining division – known as Clean Blok – boasts more than 7,500 machines at the...The post BTC Mining Firm Clean Spark Is Growing Like Crazy appeared first on Live Bitcoin News.
2021-08-05 15:00:49
Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong
In her interview with Bloomberg, Senator Elizabeth Warren warned about major risks surrounding the ongoing expansion of crypto as she called for stricter market regulation. The post Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong appeared first on CryptoSlate.
2021-08-05 15:00:43
NBA Top Shot NFTs Will Now Be Purchasable In Person At Summer League Games
Fans can now purchase NBA top shot non-fungible tokens (NFTs) in person at the upcoming Summer League Games in Vegas. Summer League Games Attendees Can Now Buy NBA Top Shots As per an announcement on the NBA Top Shot blog, these digital collectibles will be available for purchase at the Summer League Games on 8, […]
2021-08-05 15:00:16
Bitcoin Price Drops 5% As 12k BTC Flow Into Binance
On-chain data shows that shortly after crypto exchange Binance observed Bitcoin inflow of around 12k BTC, price fell by almost 5%. Huge Bitcoin Inflow To Binance As pointed out by a CryptoQuant post, inflow of around 12k BTC was seen on Binance, the largest crypto exchange by market volume. The Bitcoin inflow is an indicator that shows the total amount of BTC transferred to a crypto exchange from a personal wallet. As investors usually send their crypto to exchange wallets for cashing out, altcoin purchasing, etc., the indicator’s value going up would imply there is some selling pressure in the market. A strong increase in the inflow metric can have direct effects on the price, which usually shows as a drop just a few hours later. Related Reading | Fear And Greed: Sentiment Turns Neutral As Bitcoin Stagnates, What To Do? Now, here is a chart that shows the trend in the value of the BTC inflow for Binance: The BTC inflow for Binance shot up earlier today | Source: CryptoQuant As the above graph shows, there was a sharp spike in the Bitcoin inflow for the crypto exchange Binance. This inflow’s value was around 12k BTC, worth around $470.6 million at the current rate. The chart also displays the curve for BTC’s price. It looks like just a few hours after this spike occurred, the crypto dropped in value by about 5%. Related Reading | How A Hammer & The Golden Ratio Could Mean 6 More Months ...
2021-08-05 15:00:16
Bitcoin Miner Bitfarms Mined 391 BTC In July With 99% Clean Energy
Bitcoin mining company Bitfarms has shared bitcoin production updates, including energy usage and the company's strategic HODL mentality.
2021-08-05 14:51:19
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