DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’
According to Jeffrey Gundlach, the trading pattern for Bitcoin may suggest a price drop below $30,000. Go to Source Powered by WPeMatico
Month: July 2021
Analyst highlights 3 macro metrics that clearly show DeFi sector growth
Taking a bird’s-eye-view of the DeFi sector shows that even though asset prices are down, the ecosystem continues to rapidly expand. Go to Source Powered by WPeMatico
New York Giants’ Saquon Barkley Plans to Convert Endorsement Revenue to Bitcoin
Another pro athlete in the National Football League (NFL) is planning to convert some of his earnings into bitcoin. The 24-year-old running back for the New York Giants, Saquon Barkley, discussed converting his endorsement revenue into bitcoin during a recent interview with the Morgan Creek Digital co-founder Anthony Pompliano. Inflation Concerns Push Saquon Barkley Toward … Read more
Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission
Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass in order to drive bitcoin mining operations. Advanced Fission and Bitcoin Mining … Read more
Fruits of the land: Blockchain traceability gives farmers a competitive advantage
Traceability is key for helping small-scale farmers achieve big benefits, but will blockchain solutions catch on in developing countries? Go to Source Powered by WPeMatico
US government delves deeper into crypto accountability with $10M bounty
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments. Go to Source Powered by WPeMatico
Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%
On-chain data shows two dramatic declines in the Bitcoin reserves held by a Canadian Bitcoin fund but there’s a catch. Go to Source Powered by WPeMatico
1inch Foundation launches $3M grants program for DeFi developers
The grants program will be distributed to developers over the next 12 months via 1INCH tokens. Go to Source Powered by WPeMatico
Fed Chair Jerome Powell Says ‘You Wouldn’t Need Cryptocurrencies if You Had a Digital US Currency’
Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. “I think that’s one of the stronger arguments in its favor,” he said. The Fed chair also insists that the U.S. is not in danger of losing its reserve currency status. Fed Chair Powell Thinks Cryptocurrencies … Read more
Bitcoin price tumbles to ‘final support’ as trader warns of $24K BTC price target
A failure to retain $31,000 would mean that $29,000 and then $24,000 are on the menu, says Michaël van de Poppe. Go to Source Powered by WPeMatico