Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high
The price of Bitcoin appears to have broken out above $40,000 putting new all-time highs within reach. Go to Source Powered by WPeMatico
Month: February 2021
Bitcoin price breaks $40K: Here’s where BTC may go next
Bitcoin is preparing for another run to its all-time high at $42,000 as the crypto industry turns cautiously bullish. Go to Source Powered by WPeMatico
The institutionalization of BTC: Mining may be more profitable than buying
Regardless of Bitcoin’s price or future economic scenarios, Bitcoin mining will be a profitable activity. Go to Source Powered by WPeMatico
Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum
Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether parent-company iFinex for fraud … Read more
Russia’s regulatory sandbox and the implementation of blockchain tech
The regulatory sandbox that came into effect in Russia last month is aimed at boosting innovative technology implementation. Go to Source Powered by WPeMatico
Blockchain Firm Labs Group Taps Enjin to Tokenize Real Estate Assets
The year has started with a batch of announcements regarding tokenization in various sectors. On this occasion, a blockchain gaming platform announced its collaboration with Labs Group to issue non-fungible tokens (NFTs) of real estate assets. Global Real Estate Market Is Valued at $228 Trillion According to the announcement, the blockchain real estate company will … Read more
Youtuber Logan Paul Releases a Limited Edition of His NFT Artwork Ahead of Mayweather’s Fight
A famous Youtuber and now boxer is making inception into the non-fungible token (NFT) industry to promote his artwork. Logan Paul will gift NFT-based cards as part of an auction of the rare “Pokemon 1st Edition Booster Packs” game collection. NFTs Feature Logan’s Holographic Image With His Boxing Gear According to the announcement, Paul acquired … Read more
Paypal Launches Business Unit Dedicated To Cryptocurrency
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money into blockchain and digital currencies. Schulman explained: … Read more
Record $6.5B futures open interest signals traders are bullish on Ethereum
The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage. Go to Source Powered by WPeMatico
An Aggregated List of Cryptocurrency ‘Fair Values’ in 2021 Gives a Different Perspective
During the last decade, cryptocurrency users have leveraged a number of coin market capitalization aggregators, in order to check in on a crypto asset’s price and the project’s overall market valuation. However, there’s also a number of crypto price aggregators that follow a different method of recording market caps, in contrast to multiplying the supply … Read more
